An Act Strengthening Access to Credit for Small-Scale Fisherfolk by Facilitating the Collateralization of Fisheries Assets and Amending Republic Act No. 11057, Otherwise Known as the 'personal Property Security Act,' and for Other Purposes
The bill would let small‑scale fishers use their boats, gear, storage units, sales receivables or promised future catch as collateral for bank loans, by simplifying registration and offering fee waivers, training and legal help.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-2514. Status changes over time; check the link for the latest.
SBN-2514 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.