Phase III
Loan and Credit Outreach
After the second phase, the farmers should move into the third phase by making contacts with banks or private companies to obtain funds to assist with investment or developing their quality of life. In this way, both farmers and banks or private companies will gain mutual benefits as follows.
- Farmers can sell their rice at a high price (since they are not forced to sell cheaply)
- Banks or private companies can buy rice for consumption at a low cost (by buying paddy directly from the farmers and milling it them themselves)
- Farmers can buy consumer products at a low cost since they buy them together in large quantities (from cooperatives stores at a wholesale price)
- Banks or private companies are able to disperse their personnel to carry out various activities for better results