PHILGUARANTEE, PFCCO-ML sign MOU on agriculture credit guarantee promotion

State-run Philippine Guarantee Corporation (PHILGUARANTEE) and the Philippine Federation of Credit Cooperatives Mindanao League (PFCCO-ML) signed an agreement for the promotion of the Agricultural Guarantee Fund Pool (AGFP) program in Koronadal City, South Cotabato.

The signing of the Memorandum of Understanding (MOU) between PHILGUARANTEE-AGFP as represented by Senior Vice President Emmanuel Torres and Vice President Teresito Butardo, and the PFCCO-ML represented by Chairman Lorimer Olario and General Manager David Pajaron, Jr., strengthened cooperation between the two entities in promoting AGFP guarantee program to PFCCO-ML’s cooperative members with unsecured lending for small farmers and fishers.

PFCCO-ML is a secondary cooperative with more than 300 primary cooperative members all over Mindanao region under its umbrella.