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PBBM condones almost P1-B loans of farmers in Central Mindanao

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President Ferdinand R. Marcos Jr. led the distribution of land titles in Panabo City, Davao del Norte. (Photo by PCO)

Fulfilling the promise and legacy of his late father, President Ferdinand R. Marcos Jr. on Thursday distributed 1,251 Certificates of Land Ownership Awards (CLOAs) and 13,527 Certificates of Condonation with Release of Mortgage (CoCROMs) to Agrarian Reform Beneficiaries (ARBs) in Central Mindanao.

In his speech, President Marcos said the 11,709 Agrarian Reform Beneficiaries (ARBs) from Sarangani, Cotabato, South Cotabato, and Sultan Kudarat will be freed from Php939 million in loans, interests, and surcharges.

“Ang araw na ito ay katuparan ng hangaring yan. Kami ay narito upang mamahagi ng mga e-titles, CLOA at Certificate of Condonation with Release of Mortgage o iyong tinatawag na COCROM ,” President Marcos said.

“Sa araw na ito, mamimigay po tayo ng 1,251 titulo ng lupa para sa ating mga benepisyaryo rito sa Sarangani. Bukod pa rito, mamamahagi rin tayo ngayon ng mahigit labing-tatlong libo at limang-daang COCROM sa mahigit labing-isang libo at pitong raang benepisyaryo mula sa mga lalawigan ng Sarangani, Cotabato, South Cotabato, at Sultan Kudarat ,” he said.

“Sa madaling sabi, mapapa-walang bisa ang halos isang bilyong pisong utang, kasama ang amortisasyon, interes, at surcharges, ng ating mga magsasaka.”

President Marcos enjoined everyone in the fulfillment of better future, stronger agriculture and economy.

“Sa Bagong Pilipinas pangarap natin na sama-sama nating aabutin ang mas magandang kinabukasan, matatag na agrikultura, at mas maunlad na ekonomiya,” he said.

“Ang hiling po namin sa inyo ay samahan ninyo kami patungo sa pagbuo ng mga pangarap na ito, bigyan natin ng kahalagahan ang biyayang ating natatanggap, at palakasin pa natin ang ating kabuhayan,” he added. PND

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