The Philippine Rural Development Project (PRDP) under the Department of Agriculture (DA) that is supported by the Word Bank now has 108 approved projects for Mindanao worth a total of P628.5 million.
The Investment in Rural Enterprise and Agriculture and Fisheries Productivity or I-REAP component of the DA-PRDP provides support and various interventions to different proponents or eligible cooperatives from targeted project areas based on Commodity Investment Plans (CIP) for each province.
”There are a total of 54 subprojects worth P84.86 million under the micro enterprise category which cover 54 proponent groups and 5,098 beneficiaries. For small enterprises, there are 40 subprojects worth P310.47 million distributed to 97 proponent groups and 10,203 beneficiaries,” the PRDP said in a statement, referring to its projects for Mindanao.
“Lastly, there are 14 subprojects for medium enterprise worth P233.23 million with 54 proponent groups, and 12,201 beneficiaries,” it added.
Most of these subprojects include the provision of financial assistance such as working capital to help proponent groups expand their operations. Project beneficiaries also received technical assistance such business plan review, skills training, market linkage, and credit facilitation. SOVEREIGNPH