LandBank to triple lending to farmers, fishers over next 6 yrs
Excerpt
To accomplish this goal, Buenaventura said he will initiate a “reengineering” of the credit facilities for small stakeholders in the agriculture sector, and encourage them to enter into “corporatives.” Under his proposal, a corporation would be formed to manage the consolidated farms of small farmers who wish to take part in the corporative. The corporation would be owned 40 percent by LandBank and 60 percent by participating commercial banks. The farmers would provide the manpower to keep their lands profitable.
Citation
Caraballo, M. U. (2016, December 29). LandBank to triple lending to farmers, fishers over next 6 yrs. The Manila Times, p. B2.
Associated content
Online versionSubject
Fishers; Financial institutions; Tourism; Financing; Land Bank of the Philippines; Department of Finance (DOF); Department of Agrarian Reform (DAR); Department of Agriculture (DA); Office of the Presidential Adviser on the Peace Process (OPAPP); National Commission on Indigenous Peoples (NCIP); Department of Labor and Employment (DOLE); Department of the Interior and Local Government (DILG); Buenaventura, Alex
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- The Manila Times [762]
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