Financial assistance programs help Filipino fisherfolks enhance their livelihoods and improve the resilience of coastal communities that rely on fishing. These programs, which range from disaster relief initiatives to access to credit facilities, aim to address the specific challenges faced by fisherfolk, including economic instability caused by natural disasters, climate change, and market fluctuations.
These financial assistance programs encompass a variety of strategies, such as providing immediate cash aid, facilitating low-interest loans for investment in sustainable fishing practices, and offering training and capacity-building resources. By targeting the unique needs of fisherfolk and supporting sustainable practices, these programs not only contribute to the economic stability of fishing communities but also promote environmental conservation and responsible resource management in the Philippines.
Types of Financial Assistance Programs for the Fisherfolks in the Philippines
The financial assistance programs for fisherfolks in the Philippines can be categorized into several general types based on their purpose and focus areas:
- Disaster Relief and Recovery Programs: These programs provide immediate financial and logistical support to affected communities following natural disasters, enabling them to recover and rebuild their livelihoods.
- Access to Credit and Financing Programs: These initiatives facilitate affordable loans and financial resources for small farmers and fisherfolk, helping them invest in agricultural and fishing projects to enhance productivity and economic resilience.
- Livelihood and Capacity Building Programs: These programs aim to empower communities by providing training, resources, and support to develop sustainable income-generating activities and improve skills in various sectors.
- Environmental Sustainability and Resource Management Programs: These initiatives focus on promoting responsible resource use and conservation practices to ensure the long-term health of ecosystems while supporting the livelihoods of communities dependent on natural resources.
These programs are categorized based on their main objectives, whether it be immediate relief, long-term development, capacity building, or environmental sustainability.
For the specific list of fisherfolks assistance programs, you may check this list below:
1. Survival and Recovery (SURE) Assistance Program
Provider: Department of Agriculture (DA) – Agricultural Credit Policy Council (ACPC)Â Â
The SURE Assistance Program offers financial aid to small farmers and fisherfolk affected by natural disasters in areas declared under a state of calamity. It provides both loan and grant packages to help them quickly recover and resume livelihood activities. Initiated in 2017, the program aims to restore the income-earning capacities of agricultural households facing calamities.
Purpose: To support small farmers and fisherfolk in disaster-affected areas by providing immediate financial assistance, helping them rehabilitate their farming and fishing activities and sustain their livelihoods.
Features and Benefits:
- Loan amount up to PHP 25,000Â Â
- Zero interest (with a 3% service fee from Partner Lending Conduits)Â Â
- No collateral required Â
- Loan term up to 3 years with a 1-year moratorium on payments Â
- Available through cooperatives, cooperative banks, and rural banks Â
- Support provided by the Department of Agriculture Regional Field Offices and Municipal Agriculture Offices for identifying eligible beneficiaries
2. Ayuda para sa Kapos ang Kita Program (AKAP)
Provider: Department of Social Welfare and Development (DSWD), Department of Labor aznd Employment (DOLE)
The AKAP program offers financial assistance to farmers and fisherfolk affected by the El Niño phenomenon. It provides Php10,000 in cash support to help beneficiaries recover from lost income and resources due to adverse weather conditions. This aid is part of the government’s broader social protection initiatives aimed at supporting underserved communities.
Purpose: To provide financial relief to farmers and fisherfolk affected by El Niño, ensuring they have resources to recover and sustain their livelihoods.
Features and benefits:
- Direct cash assistance of Php10,000 per beneficiary
- Targets over 5,000 farmers and fisherfolk affected by El Niño
- Part of a larger government effort to support underserved populations
- Administered with coordination across government agencies for effective distribution.
3. Presidential Assistance for Farmers, Fisherfolk, and Families (PAFFF) Program
Provider: Philippine Government, President Ferdinand R. Marcos Jr.
The PAFFF program provides financial assistance to farmers, fisherfolk, and their families in the Philippines to help them recover from natural calamities, such as the El Niño phenomenon. Through a recent three-day payout, each beneficiary received PHP10,000 to alleviate the financial strain from reduced crop yields and damaged fisheries. The program, managed by the Department of Agriculture and local governments, aims to offer timely relief and support for sustainable recovery.
Purpose: To provide financial support to agricultural and fishing communities impacted by extreme weather events and to promote resilience in rural livelihoods.
Features and benefits:
- PHP10,000 direct cash assistance to eligible beneficiaries.
- Accessible assistance through local government and Department of Agriculture coordination.
- Support for crop recovery, including the purchase of seeds and livestock.
- Promotes resilience against climate challenges by ensuring ongoing access to government resources.
- Addresses immediate needs for both farmers and fisherfolk impacted by drought and other weather conditions.
4. Agricultural and Fishers Financing Program (AFFP)
Provider: LANDBANK, in partnership with the DA and the ACPC
The AFFP is a financial assistance program aimed at helping small farmers and fishers by providing access to formal credit. Designed under the General Appropriations Act of 2013, this program is open to Non-Agrarian Reform Beneficiary Small Farmers and Small Fishers (NASFSF) who meet eligibility criteria. Eligible borrowers can use the funds for various agricultural projects, including production, processing, and trading of prioritized commodities.
Purpose: To support the financial needs of small farmers and fishers in order to boost their productivity and economic activities, ultimately contributing to the agriculture sector’s growth.
Features and benefits:
- Loan amounts from PHP 20,000 up to PHP 300,000, covering up to three simultaneous projects
- Flexible loan terms based on the project cycle, up to five years
- Interest rate of 15% per annum
- Payment options aligned with the project’s cash flow (quarterly, semi-annually, or annually)
- Coverage across 14 provinces with potential expansion
5. Sustainable Aquaculture Lending Program (SALP) / Pagsasakang Pantubig
Provider: Land Bank of the Philippines (LANDBANK)
The Sustainable Aquaculture Lending Program supports the development of the fishery, mariculture, and aquaculture sectors by funding projects that strengthen the value chain. It encourages partnerships between institutional buyers and small fishers or MSMEs, linking them with larger agribusiness entities for sustainable growth. This program enables eligible fishery-related businesses to access financing for essential resources and infrastructure.
Purpose: To strengthen and sustain the fishery and aquaculture industries by supporting the value chain and fostering growth among small fishers and MSMEs.
Features and benefits:
- Funding for cooperatives, associations, NGOs, MSMEs, and large agribusinesses.
- Financing for projects like fish breeding, production, seaweed farming, and fish processing.
- Loan purposes include purchasing aquaculture inputs, working capital, and acquiring fixed assets (e.g., fishing vessels, equipment).
- Loanable amount up to 80% of project cost.
- Market-based interest rates and flexible collateral options.
6. Financing Program for Commercial Fishing Vessel
Provider: LANDBANK
This financing program supports commercial fishing operators by offering credit for acquiring fishing vessels for domestic or international use, in line with government efforts to liberalize vessel acquisition. Eligible projects include commercial fishing ventures using vessels of at least 3.1 gross tons. The program aims to empower businesses to expand and modernize their fleet while meeting maritime standards.
Purpose: To provide accessible financing for commercial fishing operators to purchase new or second-hand fishing vessels and equipment, fostering growth and sustainability in the fishing industry.
Features and benefits:
- Loan covers up to 80% of the vessel acquisition cost. Â
- Tenor of up to 10 years, with flexible grace periods based on cash flow. Â
- Fixed 5% interest rate for the first three years, subject to repricing. Â
- Various collateral options, including ship mortgages and post-dated checks. Â
- MARINA certification required, ensuring vessel seaworthiness and compliance.
7. FB Pagbabago
Provider: Bureau of Fisheries and Aquatic Resources (BFAR)
FB Pagbabago provides fiberglass-reinforced plastic (FRP) boats to fisherfolk, replacing old wooden boats to reduce deforestation and enhance safety at sea. These FRP boats are durable, environmentally friendly, and climate-resistant, helping fisherfolk work more safely in disaster-prone areas. The program also offers training on FRP construction and boat maintenance under the “Banca Ko, Gawa Ko” cash-for-work scheme.
Purpose: To improve the livelihoods and safety of fisherfolk while promoting sustainable resource use.
Features and benefits:
- Durable and eco-friendly FRP boats that reduce the need for lumber. Â
- Climate-proof and disaster-resilient design for safer sea navigation. Â
- Skills training in boat construction and maintenance for fisherfolk. Â
- Cash-for-work opportunities under the “Banca Ko, Gawa Ko” scheme. Â
- Technical support for private sector and regional field offices.
8. Lambaklad/Set-net Project
Provider: BFAR – Capture Fisheries Division (CFD)
This program promotes sustainable fishing methods by introducing Lambaklad (set-net) technology, an eco-friendly fishing gear. Through government and private sector collaboration, Lambaklad projects are set up in various regions to support fisherfolk livelihoods. BFAR provides technical and capacity-building support to local government units (LGUs) and people’s organizations (POs) for project implementation and management.
Purpose: To enhance fisheries production sustainably, improve fisherfolk income, and promote environmental responsibility.
Features and benefits:
- Sustainable, eco-friendly fishing technology (Lambaklad/set-net)
- Technical support for construction and management of Lambaklad units
- Capacity-building programs for LGUs and POs
- Ongoing project monitoring for long-term sustainability
- Established guidelines for site selection and project implementation
- Pilot sites across multiple regions, including Ilocos Norte, Albay, Cebu, Zamboanga Del Norte, and Davao Del Sur
9. Special Area for Agricultural Development (SAAD) Program Phase 2
Provider: DA-BFAR
SAAD Phase 2 is a locally funded project designed to support fisherfolk and farmers in underprivileged and remote areas. The program provides comprehensive assistance, including aquaculture, capture fisheries, and postharvest interventions, to promote sustainable livelihoods. It focuses on transforming beneficiaries into self-sufficient entrepreneurs by enhancing their agricultural and fisheries activities.
Purpose: To alleviate poverty in marginalized fishing and farming communities by fostering economic self-sufficiency and sustainable livelihood development.
Features and benefits:
- Social preparation through needs assessment and capacity building for targeted beneficiaries
- Provision of livelihood projects that include fishery and agricultural goods and services
- Marketing assistance and enterprise development to ensure sustainable income sources
- Collaborative support from local governments and other stakeholders
- Effective program management to deliver quality, timely services
- Training and resources for aquaculture and capture fisheries
- Equipment provision and livelihood support
- Market linkage to enhance income stability
- Focus on underdeveloped and marginalized areas
10. Urban Fish Farming Support Program
Provider: BFAR – National Capital Region (BFAR-NCR)
BFAR-NCR distributed 15,000 African catfish fingerlings to individuals, associations, and academic institutions in Metro Manila on October 10, 2024. This initiative provided resources for groups like Integrated Community Food Production, Hacienda Maricaban, and Quezon City Jail Female Dormitory to establish fish farming projects. The distribution was led by BFAR-NCR Regional Director Noemi SB. Lanzuela, alongside members of the Fisheries Production Section.
Purpose: To promote urban fish farming for self-sufficiency in food production and to encourage community-driven food sustainability.
Features and benefits:
- Access to 15,000 African catfish fingerlings for immediate fish farming setup
- Training and support from BFAR-NCR for urban aquaculture practices
- Enhanced food security and sustainability in urban areas
- Empowerment of communities and institutions to grow food locally
11. Fisheries Scholarship Program (FSP)
Provider: BFAR
The Fisheries Scholarship Program offers full college scholarships for qualified high school graduates pursuing a Bachelor of Science in Fisheries. It includes three components tailored for academically talented students, children of registered fisherfolk, and members of Indigenous Cultural Communities. Each scholarship targets specific groups, ensuring opportunities for underserved communities in the fisheries sector.
Purpose: To support fisherfolk communities by providing education opportunities, fostering future leaders, and enhancing skills in fisheries management.
Features and benefits:
- Full scholarship for a BS in Fisheries
- Prioritized slots for fisherfolk children and Indigenous youth
- Support for students with high academic standing
- Three distinct grants: Industry Leader, Fisherfolk Children, and Indigenous Communities
12. FishCORAL (Fisheries, Coastal Resources, and Livelihood)
Provider: BFAR
FishCORAL aims to develop sustainable coastal communities by enhancing fisheries productivity and environmental protection. It offers technical assistance, training, and infrastructure support to fisherfolk in ecologically vulnerable regions. The program helps communities implement sustainable practices while improving livelihood resilience.
Purpose: To promote sustainable coastal resource management and improve the livelihood of fishing communities.
Features and benefits:
- Technical training for sustainable practices
- Infrastructure support, like community fish landing centers
- Protection of vulnerable ecosystems
- Focus on increasing fisheries productivity and resilience
13. Malinis at Masaganang Karagatan (MMK)
Provider: BFAR
MMK is a coastal resource management program focused on recognizing and rewarding municipalities with exemplary efforts in sustainable fisheries and environmental conservation. The program awards communities that demonstrate effective anti-illegal fishing measures, resource conservation, and ecological waste management. This initiative encourages sustainable practices to protect marine biodiversity.
Purpose: To promote sustainable fisheries management and conservation practices in coastal areas.
Features and benefits:
- Recognition and awards for best practices in marine conservation
- Incentives for municipalities with effective environmental management
- Encouragement for community engagement in sustainable practices
- Promotes ecosystem health and biodiversity
14. National Shrimp Production Program (NSPP) / DA-BFAR Hipon Iangat ang Produksyon (HIPON)
Provider: DA-BFAR
The National Shrimp Production Program (NSPP), also called HIPON, is an initiative to boost sustainable shrimp farming in the Philippines. The program promotes practices and technologies to support the growth of the shrimp industry. It aims to make shrimp production more efficient and environmentally friendly, ensuring long-term industry success.
Purpose: To enhance the productivity and sustainability of the shrimp farming industry in the Philippines.
Features and benefits:
- Promotes sustainable agricultural practices in shrimp farming Â
- Encourages adoption of modern shrimp production technologies Â
- Offers guidelines on best practices for shrimp hatcheries, feed mills, processors, and exporters Â
- Supports industry stakeholders, including financial and research institutions Â
- Aims for a projected 4% increase in shrimp production
15. Agri-Negosyo Loan Program (ANYO)
Provider: ACPC, DA
The Agri-Negosyo Loan Program provides financial assistance to small farmers, fisherfolk, farmer and fisherfolk organizations, and micro and small enterprises (MSEs) involved in agriculture and fishery. It offers low-interest loans to help fund various stages of agricultural and fishery projects, from production to marketing. Loans are facilitated through partner lending conduits, such as cooperatives and rural banks, making it accessible to eligible borrowers.
Purpose: To support small farmers, fisherfolk, and MSEs in accessing affordable financing to enhance their agricultural and fishery-related activities, thereby improving productivity and profitability.
Features and benefits:
- Loanable amount up to PHP 15 million for MSEs/organizations and up to PHP 300,000 for individual small farmers and fisherfolk.
- Low interest rate of 2% with a service fee of up to 3.5%.
- Flexible repayment terms based on project cash flow, not exceeding five years.
- Financing facilitated through trusted partner lending conduits, such as cooperatives and rural banks.
- Requirements include proof of registration/enrollment in the Registry System for Basic Sectors in Agriculture (RSBSA) for individual farmers and fisherfolk, and standard organizational documentation for associations and MSEs.
16. Aquaculture Value Chain Financing Program (ACPC Funded)
Provider: Development Bank of the Philippines (DBP)
The Aquaculture Value Chain Financing Program, funded by the Agricultural Credit Policy Council (ACPC), is a credit support initiative for the aquaculture industry. It aims to enhance credit access across the sector’s value chain—covering input supply, production, processing, and marketing. This program seeks to bolster the competitiveness of aquaculture by supporting businesses in their growth and financial stability.
Purpose: To provide financial assistance for the sustainable growth of micro and small enterprises in the aquaculture industry.
Features and benefits:
- Financing for working capital, pond development, and facility improvements Â
- Loan amounts up to 90% of project cost, between PHP 5 million and PHP 15 million Â
- Flexible repayment terms with options for term loans or credit lines Â
- Grace period of up to 2 years on term loans Â
- Collateral options including receivables and insurance coverage
17. Fisheries and Coastal Resource Management Program
Provider: DA-BFAR
This program offers support to fisherfolk communities across the Philippines by enhancing sustainable fishing practices and providing access to essential resources. It promotes the management and conservation of coastal resources through training, community-based activities, and equipment distribution. Targeted financial support is also provided to increase livelihood opportunities.
Purpose: To improve the economic stability of fisherfolk while ensuring the sustainability of marine resources.
Features and benefits:
- Training in sustainable fishing techniques
- Access to fishing equipment and infrastructure support
- Financial assistance for fisherfolk cooperatives
- Community-based coastal resource management activities
- Support for income diversification
18. Agricultural Competitiveness Enhancement Fund (ACEF) Lending Program
Provider: LANDBANK
The ACEF Lending Program offers financial assistance to farmers, fisherfolk, and their cooperatives to boost agricultural productivity. It provides credit for purchasing equipment, facilities, farm inputs, and for farm improvements. Loans are available for both individuals and groups, with specific limits for cooperatives and micro and small-scale enterprises.
Purpose: To enhance the productivity and competitiveness of farmers and fisherfolk through accessible credit.
Features and benefits:
- Maximum loan of PHP 5 million for cooperatives, associations, and small enterprises.
- Up to PHP 1 million loan for individual farmers and fisherfolk.
- Managed by LBP, ensuring proper eligibility requirements and reasonable interest rates.
- Loans accessible at LBP Lending Centers nationwide.
- ACEF Program Management Secretariat available for inquiries and support.
19. Kapital Access for Young Agripreneurs (KAYA)
Provider: ACPC
This loan facility is designed to empower young Filipinos by providing financial support for their agricultural or fishery ventures. It aims to engage the younger generation in achieving a food-secure Philippines with prosperous farmers and fishers. The program assists with the capital needs of both start-up and existing businesses in the agri-fishery sector.
Purpose: To attract and support young entrepreneurs in the agricultural and fishery sectors, fostering food security and economic prosperity.
Features and benefits:
- Loans up to PhP 500,000 per borrower Â
- 0% interest rate, with a potential service fee of up to 3.5%Â Â
- No collateral required Â
- Flexible repayment terms based on project cash flow, up to 5 years Â
- Financing through Partner Lending Conduits (PLCs), including cooperatives and rural banks Â
- Access to business advisory and technical assistance services, such as mentoring, entrepreneurship training, and financial literacy. Â
20. ALERT ARBOs Program
Provider: DA, Department of Environment and Natural Resources (DENR), Department of Agrarian Reform (DAR), and LANDBANK
The ALERT ARBOs Program provides timely and affordable loans to Agrarian Reform Beneficiary Organizations (ARBOs) and their members. Launched in October 2012, it evolved from the Agrarian Production Credit Program into a comprehensive support system that includes agricultural insurance, technical assistance, and marketing help. This program aims to empower ARBOs by enhancing their financial stability and operational capabilities.
Purpose: To facilitate access to financial resources for ARBOs, improving their resilience and supporting agricultural productivity.
Features and benefits:
- Affordable loan options for working capital and project financing Â
- Additional credit support services, including insurance and technical assistance Â
- Capacity-building initiatives to strengthen ARBOs’ operational skills Â
- Loanable amounts up to P15 million, with a maximum interest rate of 10% per annum Â
- Flexible repayment terms, with options up to 10 years for term loansÂ
Video: Presidential Assistance Program for Farmers, Fisherfolks, and Families (PAFFF)
Learn more about the PAFFF and what it entails by watching an actual assistance distribution activity for PAFFF via this video from RTVMalacañang:
Summary
There are various financial assistance programs for fisherfolks in the Philippines. These programs not only enhance their livelihoods and income-generation, but they also help promote sustainable practices within the fishing industry. By offering targeted support for disaster recovery, access to credit, and capacity building, these financial assistance programs can empower fisherfolks to not only recover from setbacks but also thrive in a rapidly changing economic landscape.