DAR Maguindanao spearheads literacy training on basic microfinance

COTABATO CITY – The Department of Agrarian Reform office in the province of Maguindanao spearheaded a one-day training on Islamic financial literacy for the rural women of Macarimbang Agrarian Reform Community (ARC) last March 29, 2017 held at Barangay Guiday T. Biruar, Parang, Maguindanao.

Camar D. Saumay, Acting Provincial Administrative Officer and focal person on Bangsamoro microfinance programs emphasized that the main purpose of the training is to promote the welfare and empower rural Bangsamoro women thru Gender and Development (GAD) capacity building efforts.

Saumay said the activity is anchored at the month-long celebration of the National Women’s Month which carries the theme, “We Make Change Work for Women”.

“At least 37 participants have responded to the training,” he said.

Saumay added the training encompassed strategic financial knowledge necessary for maximizing productivity and increasing income.

“The activity aims to provide strategic means in empowering women in pursuing GAD in the context of Islam. It is also important to have functional mechanisms in addressing poverty in the Bangsamoro homeland which focuses on women as vital partners and stakeholders in local social and economic developments,” Saumay said.

Accordingly, basic Islamic financing provides long term sustainable approach to poverty alleviation. Saumay cited that the basic concept of this type of microfinancing is to help encourage poor people, discourage beggary and prohibit usuary.

Further, Saumay emphasized the role of Zakat in the Islamic economy being the core of taxation system.

“Zakat is the obligatory charity to the needy of the 2.5% of one’s wealth and it is believed to provide potential economic relief. Proper institutionalization and implementation of Zakat will contribute to economic development,” he said.

Saada G. Quinto, GT Biruar Coooperative President, said the training showed how important it is to equip themselves with proper knowledge to further aid in alleviating each household’s economic status.

“We are very grateful with such endeavour,” Quinto said.

A member of the cooperative, Mr. Diok Ork, also shared “it’s high time that we apply such basic knowledge.”

Meanwhile, the said activity was initiated by GAD Focal Person/Rural Women Coordinator Bai Sarena B. Baraguir and supported by OIC Provincial Agrarian Reform Program Officer II, Engineer Tommy M. Biruar.

Others present during the activity were Acting Planning Officer Bai Alamina M. Andong, ARPO II Soraida D. Mangatong, Development Facilitator Suga K. Bandar and Administrative Assistant III Norma B.Untong. (Marina A. Lao, DARPO Maguindanao)

Participants flank during the one-day Islamic Financial Literacy Training for the Maputi Rural Women Organization of Macarimbang Agrarian Reform Community (ARC) last March 29, 2017 held at Barangay Guiday T. Biruar, Parang, Maguindanao. DAR officials in the photo included Acting Provincial Administrative Officer and Focal Person on Bangsamoro Micro-Finance Program Camar D. Saumay (1st from rt. with cap), DARMO of Parang and DARPO personnel.

Leave a Reply

Your email address will not be published. Required fields are marked *