Tag: Comprehensive Agrarian Reform Program

Senator Marcos: Write off unpaid amortizations, interest payments, penalties from loans secured by beneficiaries under CARP

(Eagle News)–Senator Imee Marcos wants all unpaid amortizations, interest payments, and penalties or surcharges from loans secured by agrarian reform beneficiaries under the Comprehensive Agrarian Reform Program written off. In proposing Senate Bill No. 849, or the “Emancipation of Tenants Act of 2019,” Marcos noted that agrarian reform beneficiaries have resorted to engaging the services of informal lending channels to pay “onerous interest on production loans, leaving them with little money to spend on improving […]