Swine production boosts Hungduan farmers’ livelihood
>> Monday, October 4, 2021
By Elvy T.
Estacio
HUNGDUAN, Ifugao -- With devastating effects natural calamities like typhoons, almost 85% of the farmers’ source of livelihood here were damaged like the rest of the Cordillera provinces and municipalities.
Rice terraces, vegetable
gardens, forest lands, and several infrastructures were damaged leaving the
community here in economic distress.
As they strive to revive their production areas, the Hungduan Micro Finance Development Cooperative (HMFDC) took initiative to help its members revive their livelihood and augment their losses.
HMFDC manager Evelyn Biniahan said majority of their members took loans from the cooperative that time.
The HMFDC is a primary organization that was initiated by the CECAP in 1997, and has gradually evolved into a Savings and Loan Association in the late 2000. They registered as a micro-finance cooperative in October 2003 with an initial membership of 48.
Since then, the cooperative focused on developing available resources in the community, strengthening the financial capacity of its members, and capacitating its members and/or the community to manage resources and create services for their mutual benefits.
To date, the HMFDC increased its members to 1,132 after opening its doors to interested farmers from neighboring municipalities.
While majority of their members are rice farmers, many of them have also invested in swine raising as additional source of income.
Because of the consistently rising demand for pork, the HMFDC proposed for a micro enterprise subproject under the Dept. of Agriculture - Philippine Rural Development Project (DA-PRDP) to support typhoon-affected farmer-members and provide an alternative or additional source of income.
As part of their enterprise subproject, 150 heads of piglets were initially given to the cooperative in 2018, including 22 sacks of starter feeds, 252 sacks of grower feeds, and 144 sacks of finisher feeds.
These were delivered to them in tranches and were distributed to eligible members of the cooperative.
Biniahan said members were able to pay their loans and even expanded their backyard pig production.
Meanwhile, the other members opted to return the full investment cost of the piglets and feeds they received to the HMFDC for other members to benefit as well, and continued their swine raising venture at their own expense.
As for their income, an amount ranging from P3, 000.00 to P4, 000.00 is reportedly gained by the member excluding expenses.
To sustain the project, the cooperative collects one percent from the total sales of each recipient as capital build-up, aside from the total investment cost provided.
After realizing continuous gains, the cooperative envisions to expand its business for future endeavors of the enterprise. Biniahan said that the cooperative plans to engage in meat processing and establish a common slaughter house for food safety purposes and to consolidate and market the pigs of their members.
As they strive to revive their production areas, the Hungduan Micro Finance Development Cooperative (HMFDC) took initiative to help its members revive their livelihood and augment their losses.
HMFDC manager Evelyn Biniahan said majority of their members took loans from the cooperative that time.
The HMFDC is a primary organization that was initiated by the CECAP in 1997, and has gradually evolved into a Savings and Loan Association in the late 2000. They registered as a micro-finance cooperative in October 2003 with an initial membership of 48.
Since then, the cooperative focused on developing available resources in the community, strengthening the financial capacity of its members, and capacitating its members and/or the community to manage resources and create services for their mutual benefits.
To date, the HMFDC increased its members to 1,132 after opening its doors to interested farmers from neighboring municipalities.
While majority of their members are rice farmers, many of them have also invested in swine raising as additional source of income.
Because of the consistently rising demand for pork, the HMFDC proposed for a micro enterprise subproject under the Dept. of Agriculture - Philippine Rural Development Project (DA-PRDP) to support typhoon-affected farmer-members and provide an alternative or additional source of income.
As part of their enterprise subproject, 150 heads of piglets were initially given to the cooperative in 2018, including 22 sacks of starter feeds, 252 sacks of grower feeds, and 144 sacks of finisher feeds.
These were delivered to them in tranches and were distributed to eligible members of the cooperative.
Biniahan said members were able to pay their loans and even expanded their backyard pig production.
Meanwhile, the other members opted to return the full investment cost of the piglets and feeds they received to the HMFDC for other members to benefit as well, and continued their swine raising venture at their own expense.
As for their income, an amount ranging from P3, 000.00 to P4, 000.00 is reportedly gained by the member excluding expenses.
To sustain the project, the cooperative collects one percent from the total sales of each recipient as capital build-up, aside from the total investment cost provided.
After realizing continuous gains, the cooperative envisions to expand its business for future endeavors of the enterprise. Biniahan said that the cooperative plans to engage in meat processing and establish a common slaughter house for food safety purposes and to consolidate and market the pigs of their members.
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