- Written by Super User
- Hits: 10
The University of the Philippines Los Baños, College of Agriculture (CA) established the CA Student Emergency Loan Fund (CASELF) in 1950s, with the objective of helping the CA students to meet their immediate financial needs especially for academic use. By October 24, 1969, CASELF was renamed College of Agriculture Fund for Emergency Loan (CAFEL).
The initial capital of the Fund came from CA emergency funds, contributions, donations coming from staff members and college organizations. At the start, the loanable amount is Php500.00 In 1998. It was increased to Php 2000.00 and eventually increased to Php 3000.00 by year 2000.
In the first semester of schoolyear 2017-2018, nine students availed for loan. The table below showed the total number of CA students who availed the CAFEL loan from schoolyear 2014-2015 onwards.