DAR installs ‘mini-ATM’ in remote village of Cotabato

FARMERS and other residents of New Leon, a remote barangay in Aleosan, North Cotabato, can now pay online or receive cash from the comfort of their barangay.

The Department of Agrarian Reform (DAR) assisted with the installation of a point-of-sale (POS) terminal for the New Leon Multipurpose Cooperative (MPC).

The installation of the POS terminal was made possible by DAR’s partnership with the Philippine Federation of Credit Cooperatives-Manila Lead (PFCCO-ML).

Provincial Agrarian Reform Program Officer II Charish M. Panya congratulated New Leon MPC management on the recent feat and milestone of the cooperative.

A farmer can withdraw cash from a POS terminal for a maximum of 10,000 pesos per transaction, but it has been learned that he can do this five times to withdraw a maximum amount of 50,000 pesos.

Pagna credited PFCCO-ML “for being our partner in providing technology and capacity development interventions to keep the New Leon MPC running smoothly and efficiently.”

The newly established service line also allowed the New Leon MPC to accept ATM (ATM) cash withdrawals, which would make it easier for locals and neighboring barangays to visit nearby municipalities just to withdraw money from an ATM.

Cooperative manager Roland Lemana said members and non-members would definitely save more or less 200 pesos (US$3.55 at current exchange rates) in travel costs if they left the barangay just to withdraw money from an ATM.

Lemana said residents can rest assured that they have access to cash, especially in emergencies.