Land Bank of the Philippines (LandBank) granted loans amounting to P39.9 billion to 772,892 small farmers and fisherfolk in 2012, the bank said in a statement. "Landbank remains aggressive in channeling assistance to the farming and fisheries sector as we aim to further strengthen and sustain their viability to accelerate the development of rural economies," said Gilda E. Pico, president and CEO of the state-owned bank. Of the amount, small farmers received P39.6 billion and fisherfolk received P323 million.

Landbank lent P39.9B to farmers, fisherfolk in 2012. (2013, March 1). The Daily Guardian, p. B2.