Home Business PBBM frees farmers from years of agricultural debt

PBBM frees farmers from years of agricultural debt

by trpliquidation
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PBBM frees farmers from years of agricultural debt

On November 22, President Ferdinand R. Marcos Jr. granted Certificates of Condonation with Release of Mortgage (COCROM) and Certificates of Land Ownership Award (CLOA) to Agrarian Reform Beneficiaries (ARBs) in Isabela Province. The granting of COCROMs freed beneficiaries from more than P1 billion in debt, including principal, interest and fees.

The President assured the farmers of the government’s continued support to ensure their welfare. He also promised that the government would continue to support farmers and fishermen until they fully recover from the effects of recent typhoons in the country. He recognized the resilience of Filipinos in Isabela Province who braved and survived the onslaught of six consecutive typhoons.


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