LandBank backs Cebu LGU’s livelihood program for farmers, fishers
CAPITOL SITE, Cebu—The Land Bank of the Philippines (LandBank) announced its executives met with officials of the Provincial Government of Cebu last September 15 to express the lender’s continued support for the Province’s Enhanced Countryside Development (ECD) program for farmers and fishermen.
LandBank President and CEO Cecilia C. Borromeo met with Cebu Governor Gwendolyn F. Garcia, together with Landbank Executive Vice President Liduvino S. Geron, Corporate Banking Group Head, Senior Vice President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar, among other LandBank officials.
The bank said in a statement it has an ongoing partnership with the Provincial Government under the ECD Program to finance the production of local farmers and fishermen, especially those who are residing in underdeveloped areas in Cebu. The lender said the program also offers capital to expand or restart existing businesses affected by the Covid-19 pandemic, among others.
LandBank said that since the initial roll-out of the ECD Program in March 2021, it has approved loans for 767 farmers and fisherfolk engaged in the production of swine, high-value crops and fisheries in the whole Province of Cebu.