‘GAWAD LINGAP’ AWARDEE
Landbank reaps an award for supporting agri sector, MSMEs amid the Covid-19 pandemic
STATE-RUN Land Bank of the Philippines (Landbank) was honored at the 2nd Gawad sa Paglingap sa Magsasaka at Mangingisda (Gawad Lingap) Awards of the Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC), for the Bank’s outstanding support to the agriculture sector and micro, small, and medium enterprises (MSMEs) amid the Covid-19 pandemic.
Landbank received a special award as one of the partner lending conduits (PLCs) of DA-ACPC for agri-fishery credit programs for small farmers and fishers and other agri-players.
“While we take on an expanded role of serving various development sectors, providing intensified support to agriculture is a continuing commitment for Landbank. Together with the DA and ACPC, we remain focused on extending financial access to farmers and fishers nationwide under our whole-of-government approach, Landbank President and CEO Cecilia C. Borromeo said.
Landbank Lending Program Management Group Head, Vice President Esperanza N. Martinez received the award on behalf of the Bank on 28 April 2022 during the award ceremonies held at Novotel Manila Araneta in Cubao, Quezon City.
In partnership with the agriculture department, Landbank offers various lending programs directed at supporting the recovery and growth of small farmers, fishers and MSMEs.
These loan programs include the Expanded Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF), Agricultural Competitiveness Enhancement Fund (ACEF), LBP-SRA Socialized Credit Program under Sugarcane Industry Development Act (SCP-SIDA), and the Survival and Recovery Assistance (SURE Aid) Program.
Landbank also implements the Sure Covid-19 loan program together with DA-ACPC to assist small farmers and fishers affected by the economic impact of the global health crisis.
Under the programs being administered by Landbank for DA-ACPC, cumulative loan releases have reached a total of P12.51 billion benefitting small farmers and fishers and microand small enterprises nationwide, as of 31 March 2022.
Landbank remains fully committed to serving the requirements of farmers and fishers, towards building a stronger and more resilient agriculture sector. /