SMALL INTEREST BUT NO COLLATERAL'S LOAN
By ZJ Ortigoza and Mortz C. Ortigoza
BAYAMBANG, Pangasinan - Upon learning the pathetic state of
the more than 30,000 families of farmers here where each family earns a measly P3,000 net revenues a month, their mayor launched a revolutionary solution to boost their economic
plight through an internet based borrowing.
“Dahil sa ating rebolusyon laban sa kahirapan agrikultura ang center of focus ng ating programa. Bakit kasi ang magsasaka kung titingnan natin katulad ng sinabi ni Mr. Yulo umaasa ang 30,000 mahigit na pamilya ng ating mga magsasaka. At nakakalungkot ang fix income po sa isang ektarya tatlong libo (P3,000) lamang sa isang buwan,” Mayor Cezar T. Quiambao told the thousands of farmers who converged recently in the event center here to see how E-Agro Economics System presented by One-Doc Corporation President Jorge Yulo serve the financial, technical, and other needs of the agriculture workers.
THE E-AGRO PORTAL as seen on the left side of the photos. Other photo from top to bottom: (from L-to-R) Bayambang Mayor Cezar T. Quiambao, Pangasinan 5th District Congressman Ramon “Monmon” Guico, III, and One-Doc Corporation Chief Jorge Yulo; Thousands of farmers of Bayambang converged in the event center there to learn how the revolutionary online concept of cheap loan, brainchild by Mayor Quiambao, can be accessed and better - off their economics stocks.
Quiambao lamented how the typical corn, rice, and onion farm
hands here are tied to a high interest loan to lenders where their products
have been bough cheaply by these people since time immemorial.
“Tanim-ani-bayad
utang. Iyon ang economic cycle ng ating mga magsasaka kaya ang hangarin naming lakarin
natin ng LGU Bayambang kung saan ang pag alis sa ating mga magsasaka – maalis sila
sa cycle ng pangungutang na mataas ang interest kaya naisipan namin ang E-Agro
System,” he explained how the system he developed with Yulo will emancipate
the farmers from the high interest loans that bedevil their economic stocks
ever since.
Quiambao and his mayoralty candidate wife Mary Clare Phyllis “Niรฑa” Jose-Quiambao
are hell bent to see that come year 2028 the monthly income of each of the
families of the 129,011 populated (PSA 2020) central Pangasinan town will be
P10,000.
He said the system financially backed by a venture of the
public- private-partnership will lend money with miniscule interest to P50,000
or more to a farmer who tends a hectare of the corn, rice, or onion farm every
four months from the time of planting and harvesting.
The E-Agro Economic System has four components’
Activity/Labor & Service, Land Preparation, Planting, and Fertilization
(Labor) that could uplift the economics stocks of the downtrodden peasant.
“E-portal para sa pangungutang. Sabi ko lahat pwede na online transaction ang ating mga magsasaka. Pwede na silang mamili/shopping sa pamamagitan ng kanilang ATM card. Sa E-portal lahat ng frequently asked questions tungkol sa problema sa pagsasaka ang masasagot sa pamamagitan ng teknolohiya”.
Kaya sana lahat ng magsasaka alam ko noong umpisa pa lamang ito ay kailangan sumama tayo sa ibang henerasyon sa ating digital mode. Puro high tech mode na po ang namamayagpag sa ating ekonomiya,” he exhorted the farmers to learn the digital mode just like what the young generation are deft.
Quiambao said the E-Portal was much easier to learn than the E-Sabong (cockfight betting in the internet) that draw many Filipinos.
He said before the farmers can withdraw the approved loan to
either China Bank or CSF Rural Bank of Bayambang here, each of them will
undergo and pass an interview, received an automated teller machine (ATM) card,
signed digitally a promissory note online to a loan that has no collateral, and
wait for the money to be sent by the lender to their ATM.
The economics advantage of this system, Quiambao explained to
this newspaper, the sellers of farm inputs like fertilizer and machines will
compete with each other thus giving more options to the farmers to buy their product
in a lower price.
The other edge is they can sell to the highest bidder their produce as buyers will offer them various prices on the portal.
One of the luminaries of the seminar Senator Cynthia Villar |
“Pwedeng ilunsad sa
buong probinsiya ng Pangasinan. This could have a nationwide support to our
farmers,” Quiambao said.
5th District Congressman Ramon “Monmon” Guico,
III who runs for the governorship of Pangasinan, told Quiambao and the farmers
that he will adapt this technology not only in the eight towns and one city’s
district but implement it in the forty - four towns and three cities’ province in
case he wins the gubernatorial derby in the May 9, 2022 election.
Agriculture Regional
Executive Director Nestor Domenden called Quiambao’s brainchild as ‘revolutionary”
in the annals of Philippines agriculture.
The luminaries for that occasion were One-Doc Corporation
President Yulo, Mayor Quiambao, System Operator/E-Agro Team Leader John Paul
Gagarin, Pangasinan 5th District Rep. Guico, III, Department of
Agriculture Regional Director Domenden, Department of Agriculture Undersecretary
Ariel T. Cayanan, and Senator Cynthia Villar.
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