To open agrihub in Candaba

CANDABA - As part of its effort to provide fi nancial services to underserved communities in the country, the Land Bank of the Philippines (LandBank) is set to open an agri-hub in this municipality this year.

LandBank-City of San Fernando Assistant Vice President Roel Samia said agri-hubs aims to bring financial services closer to more farmers and fisherfolks across the country.

He said agri-hubs will provide banking, lending and agrarian services farming communities, especially in top-producing agricultural towns.

"Our priority is to service farmers in Candaba, especially that they are one of the top producers of various agricultural

products in the region. Through the agrihub, they can avail of banking and lending services that can help in their livelihood," he said.

Samia also said that the agri-hub will also include an automated teller machine which can service residents of Candaba and other nearby municipalities 24/7.

Meanwhile, Mayor Rene Maglanque said the local government will provide a lot in Barangay

Pasig here, alongside other government facilities such as Municipal Infirmary, local police station and Don Honorio Ventura State University.

He disclosed that the management of state-run bank is only completing necessary documents before it starts it construction possibly this year.

"The opening of LandBank in our town will benefit hundreds of farmers and fishermen as well as other residents who are still going to other municipalities to do banking activities today," he said.

He added that its opening will also spur economic activities in town, and foreseen to encourage other banks in opening branches here.