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The fund, which stood at about P10 million in 1985, has now grown to P18 million, mainly due to the institutionalized savings scheme. On the average, affiliates also get back 35% of the interest they pay on loans in the form of dividends and patronage refunds, which are usually converted into additional equity in the federation. At about 80% of the interest fee collections are plowed back into loans for new projects. In addition to the financing program, the FFFCI national office subsidizes training and financial audit services and administers a life insurance program for individual members. It also assists chapters in following up proposals, complaints and request, with government and other agencies, and in securing supplies, equipment and services from Manila-based firms.
History
About FFF History Pivotal Junctions in the History of the FFF Membership Development Political & Legislative Involvement
Initially, the FFF experienced negligible success due to popular apprehensions resulting from the recent Communist-led turmoil. However, by the mid- 1960s, the FFF increased its membership and expanded its activities, and except for a brief term following the declaration of martial law during which the Federation underwent drastic reorganization, the growth of the FFF has been sustained. Today, it has branches and footholds in some 50 provinces. Memberships, consisting of agricultural tenants, owner-cultivators, agricultural laborers, fishermen and settlers, total around 200,000. The FFF as a socio-political movement in a society that I mainly agricultural operates on the principle that the farmer I the backbone of the nation. At the same time, since the farmer have been the recurrent victims of social and political exploitation and injustice, the FFF believes that national progress cannot be achieved and maintained unless the farmers acquire a socio-politicaleconomic status that promotes their well being and commends respect for their dignity and worth to the nation. Hence, the Federation has unceasingly pushed for an agrarian reform and rural development program that would give land ownership to actual tillers and provide them decent living from the fruits of their labor. The FFF has also worked for the meaningful participation of rural workers through their mass organizations in government decision-making and implementation.
Given the resistance of landlord groups and the institutions and officials supported by them, however, the upliftment of the status of the farmer can only be achieved if the peasants themselves are organized to work together to secure their rights. The peasants must form an organization not just for themselves, but more important, genuinely, of, and by, themselves, reflecting their aspirations, solving their problems and promoting their welfare.