FIND US

LANDBANK propels Guimaras co-op through rough waters


March 3, 2023

The MB Jordan Ferry 2 is one of four modernized vessels of the Guimaras Island Transport Multipurpose Cooperative (GITMPC) financed by LANDBANK that ply the Guimaras-Iloilo route and vice versa. The vessel features spacious seats, wide windows, modern facilities, and can carry up to 80 passengers per trip. 

GUIMARAS – A little past noon of 03 August 2019, Saturday, the biggest sea mishap in this island’s history came about off Iloilo Strait that claimed the lives of 31 people, which included students, teachers, and tourists. They were onboard three passenger pump boats travelling from the Parola Wharf in Iloilo City to the towns of Jordan and Buenavista in Guimaras.

Local accounts described the sea waters that day as calm coupled with fine weather, until suddenly, the clouds turned gray and strong gusts of wind battered and capsized the vessels. This tragedy still haunts local folks today as they talk about it in random daily conversations, still gripped in fear and grief. 

The tragic incident raised serious concerns on the safety of wooden-hulled pump boats as the means of transportation going to and from Guimaras and Iloilo. More importantly, it prompted operators to comply with the prior circular issued by the Maritime Industry Authority (MARINA) for the phase-out of wooden-hulled vessels, and to shift to steel or fiberglass-hulled ferry boats with modern and improved designs and materials.

This drove the Guimaras Island Transport Multipurpose Cooperative (GITMPC), formerly Jordan Motor Banca Cooperative (JMBC), to tap the assistance of the Land Bank of the Philippines (LANDBANK) for the acquisition of four brand new fiberglass passenger boats that can accommodate about 60 to 80 passengers per trip.

Apart from keeping maritime transport safe, the LANDBANK-financed vessels have helped to provide a sustainable source of income to over 50 members of the co-op who were previously operating pump boats.

“We have so many plans and opportunities to expand the operations of the cooperative, including venturing into the tourism industry, but we lack working capital. That’s why we really appreciate the financial assistance that LANDBANK has been extending to us. We thank them for helping us shoulder our funding needs,” said GITMPC Chair Paglaum S. Villanueva. 

Due to the mobility restrictions during the COVID-19 pandemic, the co-op’s P20-million loan from LANDBANK in 2020 yielded results only in January 2021 when the ferry boats commenced operations to service an average of 8,000 passengers daily.

Safer and more comfortable maritime transport

Wendys Marie Erpelua, a public school teacher from Guimaras, is one of the frequent travelers of the Guimaras-Iloilo route. Her co-teacher was among the victims of the tragic sea mishap in 2019. 

Before GITMPC operated the modern ferry boats, Wendys regularly braved the sea via wooden-hulled pump boats to reach the town of Barotac Nuevo in Iloilo where she teaches. Together with other passengers and bulky cargos, she needed to fit her body in the narrow space of the boat, with limited ventilation and a roof made of tarpaulin for sunlight and rain protection.

Wendys Marie Erpelua (rightmost), a public school teacher from Guimaras, now enjoys a comfortable and safer sea travel to reach the town of Barotac Nuevo in the Province of Iloilo. 

Today, her day-to-day travel is more convenient with spacious seats, wide windows, and modern facilities. She feels more comfortable and safer when traveling from Guimaras to Iloilo and back, from Mondays to Fridays, to fulfill her chosen profession. 

“Before, nahihirapan ako sa biyahe kasi siksikan at mahirap huminga dahil sa trapal. Ngayon, hindi mo mafi-feel ‘yung pagod kasi maluwag na, merong bintana at malinis. Siguro kung ano ‘yung comfort na nafi-feel ko, ganon din ‘yung nararamdaman ng ibang mga pasahero,” said Wendys.

On top of providing a safe and comfortable ride to passengers, the operations of GITMPC has been helping the province to revive its tourism industry, which was weighed down by the sea tragedy and the pandemic. 

The co-op’s new fleet has also made mobility and movement of goods for small-scale enterprises in Guimaras easier, for improved income which contributes to the local economy. 

LANDBANK has always considered cooperatives as valuable partners in nation-building, in line with the Bank’s expanded mandate of providing responsive services beyond banking to all clients, publics, and stakeholders. 

As of 31 January 2023, LANDBANK’s outstanding loans to the cooperative sector have reached P66.6 billion, benefiting over 1,360 co-ops nationwide.


Other Stories

LANDBANK shines with dual honors at PDS Awards

  LANDBANK bags two awards at the Philippine Dealing System (PDS) Annual Awards Night in recognition of its contributions to advancing the Philippine capital market. (Right photo) Accepting the awards on behalf of LANDBANK are Senior Vice President Gonzalo Benjamin A. Bongolan (2nd from left) and Assistant Vice President Glenn R. Aguda (3rd from left), presented by PDS Group President Ramon S. Monzon (leftmost) and PDEx President and CEO Antonio A. Nakpil (rightmost). MAKATI CITY, Philippines—Highlighting its growing contribution to advancing the Philippine capital market, LANDBANK was honored as one of the top-performing institutions at the 2025 Philippine Dealing System (PDS) Annual Awards Night. The state-run bank clinched 3rd place in the Top 5 Corporate Issue Managers/Arrangers – Bank Category, in recognition of its vital role in facilitating the issuance of corporate fixed-income securities in 2024. The award honors institutions that led or arranged the largest volume of listed corporate securities offered during the year. The Bank also ranked 4th among the Top 5 Fixed-Income Brokering Participants, highlighting the Bank’s strong presence in the fixed-income market and significant contribution to overall trading volume by face amount. LANDBANK Senior Vice President Gonzalo Benjamin A. Bongolan and Assistant Vice President Glenn R. Aguda accepted the awards on behalf of the Bank on 4 April 2025 at the Makati Diamond Residences. Since 2005, the PDS Group, comprising the Philippine Dealing System Holdings Corp. and its subsidiaries, has been recognizing outstanding performance, leadership, innovation, and contributions to the capital market through its annual awards.  These accolades underscore LANDBANK's strategic role in deepening the local capital markets, in line with its broader mission of supporting agriculture and other key development sectors in driving inclusive and sustainable development. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide. 

LEARN MORE

LANDBANK extends P1.3-B financing for Isabela Feed Mill Complex

  ILAGAN CITY, ISABELA — LANDBANK has sealed a financing deal with Sagittarian Agricultural Philippines, Inc. (SAPI) to support the construction of the Isabela Feed Mill Complex, reinforcing its commitment to advancing the country’s agricultural sector. Under the partnership, LANDBANK will provide a P1.2 billion loan to partially fund the development of the 15-hectare feed mill facility in the country’s corn capital, plus an additional P100 million credit line to support SAPI’s working capital needs. Strategically located in this city to maximize Isabela’s abundant corn supply, the Feed Mill Complex will be leased to Charoen Pokphand Philippines Corporation (CPFPC), a leading food and agro-industrial company and a long-standing LANDBANK client. The project is expected to increase corn prices from P1.00 to P2.00 per kilogram, benefiting an estimated 97,734 small farmers across Isabela and neighboring provinces. “With this investment, LANDBANK reaffirms its commitment to modernizing the agricultural sector, empowering local farmers, and strengthening the country’s food security and support the agriculture value chain,” said LANDBANK President and CEO Lynette V. Ortiz. The loan and credit line signing ceremony was led by LANDBANK Northern Luzon Lending Group Head First Vice President Eduardo N. Reyes Jr. and Northern Isabela Lending Center Head Myra Myrtha M. Padolina, alongside SAPI President and CEO Jose Avelino C. Diaz and Corporate Secretary Atty. Danver Albert R. Arzaga. Also present as witnesses were City of Ilagan Mayor Josemarie L. Diaz, Vice Mayor Kyrill S. Bello, CPFPC Vice President Suchart Panparn, Assistant Vice President Darwin Lictawa, and LANDBANK Account Officer Honeylee B. Gomez.  ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.   

LEARN MORE

LANDBANK sees surge in digital banking usage in 2024

  The LANDBANK Mobile Banking App (MBA) powered the Bank’s digital surge in 2024, logging 106.82 million transactions or almost double the previous year’s total of 55.2 million. LANDBANK recorded a significant increase in digital banking transactions in 2024, driven by the growing shift of customers to online banking services and the Bank’s sustained investments in enhancing its digital platforms. The Bank facilitated a total of 162.28 million digital transactions, marking a 67% expansion from 97.08 million in 2023, with a total value of ₱3.38 trillion, up 38% from ₱2.45 trillion. “Digital banking is not just about convenience—it’s about inclusion. Through our digital banking channels, we are empowering every Filipino to take control of their finances. Our goal is to make safe, reliable, and convenient banking accessible to all, especially our farmers and fishers, business owners, OFWs, and government agencies,” said LANDBANK President and CEO Lynette V. Ortiz. The LANDBANK Mobile Banking App (MBA) led the growth in the Bank’s total transaction volume, with a record 106.82 million transactions in 2024—nearly double the 55.2 million transactions recorded in the prior year. Through the MBA, users can perform a wide range of banking services, including fund transfers, bill payments, and investing in government securities. Among the App’s major enhancements last year was the straight-through account opening feature, which allows customers to open a digital account online via smartphones without visiting a branch.  In terms of transaction value, the Bank’s corporate Internet banking platform, weAccess, recorded the highest volume at ₱1.36 trillion. This marks a 43% year-on-year growth from ₱952.14 billion in 2023. LANDBANK’s other major digital channels include iAccess, an online retail banking channel; Link.BizPortal, a web-based payment channel; Electronic Modified Disbursement System (eMDS), a facility for institutional clients and national government partners; and LANDBANK Bulk Crediting System (LBCS), an electronic bulk disbursement facility. The LANDBANK MBA was named the “Most Innovative Banking Application” at the 12th Annual International Finance Awards 2024 in Bangkok, Thailand. The Bank was likewise recently recognized as the “Best e-Banking Services Provider” and “Most Reliable Mobile Banking App Provider” at the World Business Outlook Awards 2025 by Singapore-based business magazine, World Business Outlook. Bringing banking closer to more Filipinos As part of its broader digital transformation agenda, LANDBANK continues to innovate how it brings banking services closer to more Filipinos—especially those in underserved and remote areas. LANDBANK began rolling out “phygital” branches in December 2024 that combine physical and digital services for a more streamlined, seamless, and delightful customer experience. These branches showcase a refreshed look, equipped with self-service machines, new queuing and tellering systems, meeting pods, and interactive zones.  To further extend its reach, the Bank is ramping up its LANDBANKasama Program, which brings basic banking services to far-flung and underserved areas. By partnering with local cooperatives, associations, rural banks, LGUs, MSMEs, and private entities, the Bank empowers these community-based partners to serve as LANDBANKasama partners, providing services such as cash withdrawal, deposit, fund transfers, bills payment, and balance inquiry. LANDBANK is also pioneering cash-lite ecosystems in key areas, starting with the Province of Batanes. By promoting the use of digital payments and equipping local merchants, residents, students and LGUs with digital financial tools and skills, the initiative promotes the use of cashless transactions as a safer, faster, and more convenient way to manage daily financial needs—ultimately reducing reliance on physical cash and fostering a digitally inclusive local economy. With its digital strategy in full swing, LANDBANK remains committed to accelerating digital transformation and delivering enhanced customer experience across the country—anchored on its mandate to serve the agriculture sector, empower small farmers and fishers, and drive inclusive and sustainable national development for all Filipinos. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.

LEARN MORE