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==Economy of Tambanan, Naga, Zamboanga Sibugay, Philippines== | ==Economy of Tambanan, Naga, Zamboanga Sibugay, Philippines== | ||
* | *TARBEMCO pays loan, redeems land title | ||
Source: http://pia.gov.ph/news/index.php?menu=2&webregion=R09&article=1351329794421 | |||
Tuesday 21st of February 2012 | |||
By Adolfo Lopez Jr. | |||
IPIL, Zamboanga Sibugay, 21 Feb (PIA) -- Showing what a hardworking and resourceful cooperative could achieve, Tambanan Agrarian Reform Beneficiaries Multi-Purpose Cooperative (TARBEMCO), a rubber-based cooperative in Naga, this province received on February 15, 2012 its land title covering 869 hectares of an awarded land through the implementation of Comprehensive Agrarian Reform Program, and certificates of registration of two six-wheeler hauling trucks which were made as collaterals of a loan it availed from the Department of Agrarian Reform – Development Bank of the Philippines (DAR-DBP) Window III Financing Program. | |||
In a short but meaningful ceremony held at the DAR Provincial Office, Ipil Heights, Provincial Agrarian Reform Officer (PARO) Rizzel Villanueva, turned over the land title and the vehicle registration certificates to TARBEMCO through its Board of Directors Chairman Oliver Dolera. | |||
Representatives from the DAR Central Office – Project Development Management Service (PDMS) Maria Theresa Baul and Rose de la Torre witnessed and attended the ceremony. Also present were Naga Municipal Agrarian Reform Officer Flordie B. Bagundol and Atty. Judith P. Patriarca, Legal Division Chief of DAR Zamboanga del Sur, who both played significant roles in the financial assistance granted to TARBEMCO. | |||
TARBEMCO received assistance from the DAR-DBP Window III Financing Program in the form of loan in the amount of Php 5.4 million way back in 1992 which was used as the initial operating capital on the cooperative’s rubber replanting program. On August 18, 2011, the coop made its final payment amounting to Php. 41,528.04, thus freeing itself from the said loan obligation. | |||
TARBEMCO made an over-all payment amounting to ₱ 9, 000, 000.00. After a series of processing of papers and documents by the DAR, TARBEMCO finally took back its land title and motor vehicles’ registration certificates which they now own free from encumbrances and liens. | |||
The event was a glorious milestone in the history of TARBEMCO which, like many rubber-cooperatives, went through a struggle in its journey in rubber farming plantation. Only a few Agrarian Reform Beneficiaries (ARBs) cooperatives throughout the region have paid their loan obligations which they incurred during the previous years when they suffered financial crisis. The achievement of TARBEMCO also brought joy to DAR Zamboanga Sibugay which is continuously supporting rubber-based cooperatives in Zamboanga Sibugay, Zamboanga del Norte and in Isabela City, Basilan. | |||
TARBEMCO has already paid its land amortization for the awarded property to LBP back in May 2011 in the amount Php 19,334,602.43 pursuant to the provision in the Comprehensive Agrarian Reform Law (CARL). Under the CARL, landowners are given just compensation to be advanced by the government, while farmer beneficiaries who were awarded with the CARP-covered agricultural land will have to pay amortization to LBP. Thru determination and hard work, TARBEMCO has really achieved its vision, setting a real paradigm to other ARBs and to other cooperatives. (JPA/CAL/ALJ/DAR/PIA-Zamboange del Sur) | |||
==Natural Resources of Tambanan, Naga, Zamboanga Sibugay, Philippines== | ==Natural Resources of Tambanan, Naga, Zamboanga Sibugay, Philippines== | ||
This page needs some articles about the natural resources of Tambanan, Naga. Where does the energy source of this Naga come from? Are there any mining industries? Rivers and tributaries are part of the natural resources. | This page needs some articles about the natural resources of Tambanan, Naga. Where does the energy source of this Naga come from? Are there any mining industries? Rivers and tributaries are part of the natural resources. |
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