LANDBANK joins PRRD, DAR in distribution of CLOAs to ARBs in Mindanao

Monday, August 5, 2019

President Rodrigo Roa Duterte led the distribution of Certificates of Land Ownership Awards (CLOAs) to Agrarian Reform Beneficiaries from five regions in Mindanao. He was joined by Agrarian Reform Secretary John Castriciones and LANDBANK President and CEO Cecilia C. Borromeo.

The Land Bank of the Philippines (LANDBANK) joined President Rodrigo Roa Duterte and the Department of Agrarian Reform in the distribution of Certificates of Land Ownership Awards (CLOAs) to Agrarian Reform Beneficiaries (ARBs) last Friday, August 2, 2019, in Davao City.

A total of 58,387 CLOAs covering 102,727 hectares of land were turned over by LANDBANK to DAR during the event for distribution to 60,233 ARBs in Regions 9, 10, 11, 12 and 13.

The event in Davao was the second in a series of regional CLOA distributions attended by President Duterte. The first was conducted last June 13, 2019 in General Santos City where 6,679 hectares of land were covered and distributed to 3,604 ARBs from Sultan Kudarat, North Cotabato, South Cotabato and Sarangani Province.

As of end-May 2019, LANDBANK had fully turned-over to DAR a total of 208,895 CLOAs, covering a total of 354,783 hectares of land.

During the event, LANDBANK presented a new loan program for ARBs – the Accessible Funds For Delivery to Agrarian Reform Beneficiaries (AFFORD-ARBs) Program, which allows ARBs to avail of loans to finance the production of rice, corn, and high-value crops, as well as the acquisition of small farm implements. LANDBANK allocated P5 billion for the program to increase agricultural productivity of ARBs.