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Land Bank of the Philippines /
Posted 1 week ago

#InTheNews: “Small rice farmers now have an alternative market for their produce as state-owned Land Bank of the Philippines (LANDBANK) announced it has approved a total of P4.3 billion in loans to allow local government units (LGUs) to purchase palay from local farmers. The PALAY ng Lalawigan Lending Program—officially launched in October 2019—is open to municipal, city, and provincial governments of palay-producing provinces. Aside from loans for palay procurement, eligible LGUs may also use the fund to acquire farm machineries and post-harvest facilities, as well as finance other rice-related activities." The PALAY ng Lalawigan Lending Program—officially launched in October 2019—is open to municipal, city and provincial governments of palay-producing provinces. Aside from loans for palay procurement, eligible LGUs may also use the fund to acquire farm machineries and post-harvest facilities, as well as finance other rice-related activities." Read more here: https://landbank.com/news/landbank-offers-credit-assistance-to-help-lgus-buy-palay-from-local-farmers #BankingOnTheFilipinoSpirit

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