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Roll-out of Swine R3 Credit Program in Batangas (July 8. 2021)

Author: DA Communications Group | 8 July 2021

The Department of Agriculture (DA), Development Bank of the Philippines (DBP), and the Thailand-based agro-industrial and food conglomerate, Charoen Pokphand Foods Philippines Corporation (CP Foods) jointly rolled-out the Swine Rehabilitation, Repopulation and Recovery Credit (Swine R3) program in Lipa City, Batangas on July 8, 2021.

The Swine R3 program was developed by the DBP and CP Foods to support and elevate the national government’s effort in reviving the local hog industry, particularly for the implementation of DA’s Integrated National Swine Production Initiatives for Recovery and Expansion (INSPIRE).

Swine R3 specifically aims to provide financing support to the local swine industry in responding to the country’s food requirements, finance the promotion of agribusiness for countryside development, and provide the facility for the agri-agra projects in compliance to the Agri-Agra Reform Credit Act. (Photo by Alan Jay Jacalan, DA-AFID)