Cap­i­tal ac­cess for rice farm­ers ex­plored

Sun.Star Davao - - BUSINESS -

THE Philip­pine Rice Re­search In­sti­tute (PhilRice), through its pro­gram Rice Busi­ness In­no­va­tions Sys­tems (RiceBIS) Com­mu­nity, has ex­plored cap­i­tal ac­cess through crowd­sourc­ing in part­ner­ship with Cro­pi­tal.

“Cap­i­tal ac­cess is just one of the ar­eas of part­ner­ships we ex­plored”, said Dr. Aurora Co­rales, RiceBIS Pro­gram leader. She added that agen­cies work­ing on tech­nol­ogy trans­fer, train­ing, en­ter­prise de­vel­op­ment, or­ga­ni­za­tional build­ing, and pol­icy are also be­ing tapped to em­power the farm­ers to build their en­ter­prises.

Cro­pi­tal has been par­tic­u­larly tapped by PhilRice Los Baños for their RiceBIS Com­mu­nity site lo­cated in Sari­aya, Que­zon. The RiceBIS Com­mu­nity Pro­gram is one of the new de­vel­op­ment pro­grams of PhilRice that aims to help rice farm­ers im­prove their in­come through agriprenuer­ship.

Cro­pi­tal is an or­ga­ni­za­tion that gen­er­ates in­vest­ments to help fi­nance farm­ers through crowd­fund­ing. In other words, it al­lows peo­ple to in­vest their money in agri­cul­ture by fund­ing a farm.

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