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LANDBANK joins DA’s national info caravan for farmers, fishers


July 8, 2021

The Land Bank of the Philippines (LANDBANK) highlighted its continued support to the agriculture sector at the first-ever National Information Caravan on Agri-Fishery Credit Programs on June 24, 2021, held in partnership with the Department of Agriculture (DA) and the Agricultural Credit Policy Council (DA-ACPC).

Coinciding with the DA’s 123rd anniversary celebration, the virtual Caravan, streamed live via the social media channels of DA and LANDBANK, forms part of collective efforts to increase the general public’s awareness, appreciation, and availment of agri-fishery credit programs being offered by the government.

“LANDBANK remains one with the Department of Agriculture and other government partners in serving the requirements of farmers and fisherfolk nationwide to increase their productivity and income. We are committed to delivering accessible and responsive financial services toward revitalizing our local economy and ensuring food security,” said LANDBANK President and CEO Cecilia C. Borromeo.

As of May 31, 2021, LANDBANK has assisted cumulatively 2,734,572 farmers and fishers nationwide, of which 991,577 were supported through loan and cash grant releases amounting to P13.39 billion under programs administered for the DA.

Of the total disbursements, P5.10 billion was released under the Agricultural Competitiveness Enhancement Fund (ACEF) that benefitted 40,556 farmers and fishers. The program provides necessary credit for increased productivity through the purchase of farm inputs and equipment, as well as agri-based production and post-production processing machineries and facilities.

Another P1.05 billion in cumulative loans have reached 32,000 farmers and fishers under the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF). The loan window supports rice farmers in 38 rice-producing provinces at affordable interest rates, with minimum documentary requirements.

Together with the Sugar Regulatory Administration (SRA), LANDBANK also implements the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA), which has extended P400 million to 6,156 farmers in support of the development of the country’s sugar industry.

The state-run Bank has also released a total of P2.52 billion in loans to 165,963 small rice farmers through the Survival and Recovery Assistance (SURE Aid) Lending Program, providing an immediate credit assistance of P15,000 per borrower with zero interest and no collateral to rice farmers who are tilling one (1) hectare of land and below.

In partnership with the DA-ACPC, LANDBANK has also assisted 13,884 small farmers and fishers under the SURE Aid COVID-19 Program which provided emergency loans of close to P350 million to those economically affected by the COVID-19 pandemic.

Under the DA’s Rice Farmer Financial Assistance (RFFA) Program, around 258,919 farmers were provided cash assistance amounting to P1.29 billion. The RFFA is a P3-billion unconditional cash transfer program which aims to give P5,000 financial assistance each to rice farmers who are tilling 0.5 and 2 hectares of land.

Also under the DA’s Financial Subsidy to Rice Farmers (FSRF) Program, LANDBANK released a total of P2.68 billion in cash grants to 536,119 farmer-beneficiaries, 62,020 of whom are also SURE Aid beneficiaries. The program supports small rice farmers tiling one (1) hectare or less who are not covered under the RFFA Program, and are provided P5,000 cash subsidy to augment production needs.

The Bank has also doubled the available funds under the LANDBANK SWINE (Special Window and Interim Support to Nurture Hog Enterprises) from P15 billion to P30 billion. The lending program being implemented with DA for commercial hog raisers, is designed to finance stock repopulation and feed milling operations of stakeholders struggling with the adverse impact of the African Swine Fever (ASF).

For more information about LANDBANK’s lending programs, and other products and services, clients may visit the Bank’s official website (www.landbank.com), or follow the Bank’s official social media channels at @landbankofficial on Facebook and Instagram, @LBP_Official on Twitter, and @LANDBANK on Viber.


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LANDBANK lends financial muscle to DA-Go Negosyo agri program

The Land Bank of the Philippines (LANDBANK) has partnered with the Department of Agriculture (DA) and Go Negosyo to support their existing coaching program and service the financial requirements of eligible farmers, fishers, and micro, small, and medium enterprises (MSMEs) nationwide. Under the Kapatid Agri Mentor Me Program (KAMMP), LANDBANK will facilitate loan applications and provide credit assistance to graduate-mentees coached and trained by Go Negosyo and DA. The Bank will also assist in the development of new training and mentorship modules for startup and expanding agribusiness ventures. During the virtual Memorandum of Agreement (MOA) signing ceremony on 20 September 2021, LANDBANK welcomed the opportunity to match its loan programs with the specific requirements of eligible KAMMP graduates and provide accessible and affordable credit assistance to support their livelihood. “We are proud to be part of this meaningful and timely undertaking tailored to the needs of the agriculture sector. This is aligned with our ongoing efforts in widening credit access to farmers, fishers, and MSMEs nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. Presidential Adviser for Entrepreneurship and Go Negosyo founder Secretary Joey A. Concepcion highlighted the impact of LANDBANK’s involvement in KAMMP towards achieving its goal under the Mentorship, Market, and Money (3Ms) Principle. “These efforts from LANDBANK to provide financing to entrepreneurs under KAMMP are definitely a welcome development. I would like to thank Secretary Dar and President Borromeo for joining forces with Go Negosyo to really try and improve the lives of the Filipino people,” said Presidential Adviser Concepcion. For his part, DA Secretary William D. Dar noted the importance of adapting digital innovations to transform agriculture in the country. “Mahalaga po ang technology and innovation as part of this mentorship program para sa gano’n ay madagdagan ang kaalaman ng mga nagnenegosyo sa agrikultura at mapadali ang kanilang paghahanap-buhay,” said Secretary Dar. LANDBANK is looking to launch within the year its Digital Lending System (DLS), which will facilitate online loan applications for the safety and convenience of farmers and fishers. This move is in line with the National Government’s health and safety protocols due to the COVID-19 pandemic and its Ease of Doing Business campaign. From January to July 2021, LANDBANK has conducted 20 virtual trainings for 168 cooperatives nationwide facilitated by the LANDBANK Countryside Development Foundation, Inc. (LCDFI), while 85 MSMEs have attended the Bank’s new webinars from July to August 2021 to strengthen their recovery strategy under the new normal. LANDBANK’s partnership with DA and Go Negosyo builds on the Bank’s ongoing efforts to provide accessible and timely agricultural credit as part of serving the nation.

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LANDBANK-funded oxygen-generating plants breathe hope to provincial hospitals

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LANDBANK, LTFRB partner for faster cash payout to PUV operators

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