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Thursday, July 9, 2020

Young agripreneurs (farmers) can loan up to P500,000 with no collateral and zero interest from DA

Cordillera - On January 2020, the Department of Agriculture had launched the Kapital Access for Young Agripreneurs (KAYA) to enable the young Filipinos to venture into agriculture business. 
"We want to encourage the millennials to go back to agriculture and and become entrepreneurs", said DA secretary William D. Dar during the launching of the loan program in Pampanga. 

Under the DA-ACPC, young entrepreneurs can borrow up to P500,000 which is payable in 5 years without collateral and with zero interest. 

The KAYA Program will finance capital requirements of start-up or existing agri-based projects of young entrepreneurs and agri-fishery graduates ages 18-30 years old. 

To avail of the program, one must visit or contact the nearest DA office in your area or visit the official website at http://car.da.gov.ph/

DA officials will talk to you and coach you about your business plan. This is to make sure that your idea is viable and will be a successful venture in the future. 

Once approved, DA will release you the loan via KAYA cash card which you will use to withdraw the money from any ATM terminals. 

DA has recently partnered with PAYMAYA to allow disbursement of cash loans to borrowers using the PAYAMAYA app.

The loan grant from the DA is intended for young upstarts who are determined and serious to get into farming as a business.  
You don't need to have educational degree to avail of the program. You only need a viable, sustainable business idea to begin with and of course the will the succeed. 

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