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LANDBANK, SariSuki unite to empower farmers with accessible credit


September 12, 2024

[L-R] SariSuki Head of Agritech Department Joselito Lontok, Co-founder and Chief Executive Officer Brian Cu, LANDBANK President and CEO Lynette V. Ortiz, and Executive Vice President Ma. Celeste A. Burgos hold the memorandum of agreement for the AGRISENSO Lending Program partnership.

Land Bank of the Philippines (LANDBANK) has partnered with SariSuki, a leading Philippine agritech startup, which aims to revolutionize the agricultural supply chain through the Bank’s AGRISENSO Lending Program. This strategic alliance aims to support over 300 small farmers and Agrarian Reform Beneficiaries (ARBs) by providing accessible financing, hands-on guidance, and a reliable market for their produce, aiming to enhance livelihoods and contribute to long-term food security.

LANDBANK President and CEO Lynette V. Ortiz emphasized the partnership as a strategic move to support small farmers and boost crop production. “Through the combined networks, expertise, and resources of SariSuki and LANDBANK, we can effectively meet the financial needs of our farmers while providing crucial production, technical, and marketing assistance to enhance their productivity and income," she said.

Under the partnership, SariSuki will serve as the primary buyer of farmers' produce, integral to its mission of building a vertically integrated agriculture superhighway. Brian Cu, Co-founder and CEO of SariSuki, explained, “By providing a stable market, and technical support in farming, business management, and financial literacy, we address farmers’ key challenges. Backed by LANDBANK’s financing, we aim to uplift farmers' livelihoods, ensure business sustainability, and enhance food security. 

For its part, LANDBANK will be extending to eligible partners endorsed by SariSuki the AGRISENSO Lending Program that provides affordable financing to small farmers, Agrarian Reform Beneficiaries (ARBs), and the whole agriculture value chain, aimed at bolstering nationwide food security and sufficiency.

A key element of this partnership is SariSuki's commitment to directly pay the principal of farmers' loans to LANDBANK, allowing farmers to immediately profit from their earnings, providing financial relief, and encouraging reinvestment in their farms. 

The collaboration seeks to lower the cost of fresh produce by integrating SariSuki’s supply chain with an omni-channel demand network and sourcing directly from local farmers. Through these efforts, SariSuki is driving meaningful change in the agricultural sector, ensuring the abundance, accessibility, and affordability of wet market goods.


The partnership also aims to expand SariSuki’s network by working with LANDBANK’s Lending Centers in key agricultural regions like Nueva Ecija, Quezon, Laguna, and Cavite welcoming new farmers while continuing to support existing members.

Since the launch of the AGRISENSO Lending Program this year, LANDBANK has supported over 1,766 borrowers nationwide with P272 million in approved loans. 

The Program is being offered at the Bank’s “Bilis Ipon: Digital Financial Inclusion Caravan” rollouts, which has brought banking and financing services closer to farmers in 17 underserved areas nationwide, including most recently Himamaylan City, Negros Occidental.

Together, LANDBANK and SariSuki are building an innovative ecosystem that integrates financial support, market access, and technical assistance to uplift farmers and strengthen the agricultural sector. This collaboration is a significant step toward transformative change, fostering a more prosperous future for farmers, broader agricultural growth, and a food-secure nation.


About LANDBANK

LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.

About SariSuki

Sarisuki is an Agritech and ECommerce Startup that aims to improve the accessibility, affordability, and ultimately abundance of Fresh produce in the Philippines. The three year old startup is building an "Agri Super Highway" connecting farmers/producers to its multiple demand channels. SariSuki leverages the power of local communities to transform the agricultural supply chain and positively impact the lives of Filipino Ka-Sangga (farmers), Ka-Sari (community leaders/sellers), and Ka-Suki (consumers), and the larger community. Sarisuki aims to bridge the gap between these stakeholders and create a sustainable, equitable, and transparent agri-futures.


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