The Land Bank of the Philippines (LANDBANK) is launching a new lending program to boost the capacity of private academic institutions to implement a ‘study now, pay later’ scheme for its students.
Under the LANDBANK ACADEME (ACcess to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program, LANDBANK has allotted a total program fund of P3-billion in credit support for private high schools, private technical and vocational education training institutions, as well as Higher Education Institutions (HEIs) such as colleges and universities, to provide continuing education to their students.
The program offers ‘3-3-3’ features with a P3-billion-program fund in credit support, a very low fixed interest rate of only 3% per annum, and payable based on the maturity of the sub-promissory notes but not to exceed three (3) years. It forms part of LANDBANK’s social investment package to encourage students to pursue and finish their education.
The LANDBANK ACADEME Lending Program is open to private/non-DepEd Junior/Senior High Schools with permit to operate by DepEd, as well as to private Technical-Vocational and Education Training (TVET) Institutions in partnership with and being regulated by the Technical Education and Skills Development Authority (TESDA).
Eligible borrowers of the newly launched LANDBANK ACADEME Lending Program also include Private Higher Education Institutions (HEIs) such as Colleges and Universities with undergraduate programs authorized by Philippine Commission on Higher Education (CHED) and the HEIs are accredited by either any of the following:
Philippine Accrediting Association of Schools, Colleges and Universities (PAASCU), Philippine Association of Colleges and Universities' Commission on Accreditation (PACUCOA), Association of Christian Schools, Colleges and Universities Accrediting Association Inc. (ACSCU-AAI) or Federation of Accrediting Agencies of the Philippines (FAAP).
"Given the financial constraints brought about by the COVID-19 pandemic, LANDBANK is financing interventions to ensure that students will be able to enroll in school when classes finally resume. The LANDBANK ACADEME Lending Program supports the education sector in providing students greater access to quality education amid the health crisis we are all facing,” LANDBANK President and CEO Cecilia C. Borromeo said.
The LANDBANK ACADEME Lending Program offers refinancing or rediscounting of promissory notes issued by the parents or benefactors of students for school loans. Eligible schools can borrow up to 70% of the sub-promissory notes on a per semester basis and subject further to a maximum amount based on the school’s net borrowing capacity.
The loan will be released either in lump sum or staggered basis per semester, and will be directly credited to the deposit account maintained by the school with LANDBANK. The LANDBANK ACADEME Lending Program will be available until June 30, 2021.
For details about the program’s features and application requirements, interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
For more updates, please refer to the official LANDBANK Facebook and Instagram accounts (@landbankofficial) and Twitter (@LBP_Official) or the LANDBANK website (www.landbank.com).
Click here for more information
LANDBANK delivers P14-M aid to 130 LGUs hit by Kristine
LANDBANK is extending a total of P14 million in financial assistance to various local government units (LGUs) impacted by tropical storm Kristine, as part of ongoing initiatives to fast-track local recovery and rehabilitation. The cash donation will support 130 LGUs across Luzon and Visayas, where communities face extensive damage from the recent tropical cyclone. “This funding provides critical support for our LGU partners to augment their Calamity Funds and sustain vital services for evacuees. As recovery timelines remain uncertain, LANDBANK is committed to helping LGUs respond swiftly and effectively to the needs of their communities,” said LANDBANK President and CEO Lynette V. Ortiz. The P14 million LANDBANK donation is in addition to the P1.1-billion assistance extended by the government to affected families, as announced by Presidential Communications Office (PCO). LANDBANK is likewise offering immediate financial assistance to affected businesses and sectors through the LANDBANK CARES Plus (Community Assistance and REintegration Support Plus) Lending Program to rebuild, restore operations, and recover from disaster-related losses. Eligible borrowers include micro, small, and medium enterprises (MSMEs), cooperatives, large corporations, and electric distribution utilities. The state-run Bank’s Electronic Salary Loan (eSL) also offers quick funds for government and corporate employees with LANDBANK payroll services, with a waived servicing fee for applications until December 31, 2024. Existing eSL borrowers may also apply for early renewal if they have completed at least one month of paid amortization. Meanwhile, the Bank is also offering the “EasyCash for Emergencies” feature for LANDBANK credit cardholders to convert available credit limits into emergency cash, repayable up to 36 months. Eligible customers will receive a notification for activation, or they may request cash conversion directly. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
LEARN MORE
From ‘Ad Man’ to ‘Mushroom Man’: Farmer cultivates success with LANDBANK’s support
Roderick Capalongan left his career in advertising in 2014 to venture into mushroom farming, and is now a leading supplier of mushrooms in his home town of Solano, Nueva Vizcaya, including Manila, Isabela, Cagayan Valley, Tarlac, and Pampanga. SOLANO, Nueva Vizcaya – Roderick Capalongan built a dynamic career in advertising, mastering project management, below-the-line communications, and complex campaign operations. But what started as a side hustle soon turned into his true passion—mushroom farming. Inspired by a fellow farming enthusiast, Roderick initially ventured into mushroom production to generate extra income for his family. However, what began as a small project soon became his full-time calling. In 2014, he left advertising behind to grow mushrooms on a 2-hectare farmland he inherited from his grandfather. Roderick named his own farm “Mushroom Man” and used recycled agricultural waste, such as rice straw, as substrate to grow oyster mushrooms. As demand grew, so did Roderick’s desire to scale up the business. In 2016, he found a reliable partner in Land Bank of the Philippines (LANDBANK) which stepped in with an initial loan of P300,000.00, giving Roderick the boost he needed to expand his operations. “Salamat sa LANDBANK dahil palagi silang handang sumuporta sa akin at sa projects ko. Sa tulong nila, nakapagpatayo ako ng facilities at nakapag-expand ng farm ko,” said Roderick. Over the years, LANDBANK has extended a total of P6.25 million to support Roderick’s mushroom production, which covered the purchase of equipment and the construction of mushroom housing, and even the expansion to tilapia and catfish production. The Mushroom Man currently delivers fresh produce daily to market outlets in Nueva Vizcaya and Manila, as well as in the provinces of Isabela, Tarlac, Pampanga, Cavite and Cagayan Valley. Innovation meets sustainability Roderick adopted an integrated farming business model that combines mushroom production with tilapia fish farming to minimize farm waste, reduce operational costs, and promote resource efficiency. One of his sustainable farm methods involve recycling mushroom spent—a byproduct of his mushroom production—to cultivate duckweeds as an alternative to artificial commercial fish feeds. This recycling practice reduced the cost of his tilapia production by half and significantly increased his profits. “Sa panahon ngayon, tumataas na ang presyo ng farm inputs, tulad ng tilapia feeds. Kaya kailangan maging resourceful para gumanda ang kita,” said Roderick. During the COVID-19 pandemic, Roderick also expanded his product line to include processed mushroom products, which include siomai, crispy mushroom, mushroom spread, and chili paste, alongside organic fertilizers. Roderick adopted an integrated farming business model that combines mushroom production with tilapia fish farming, wherein he uses discarded mushroom spent to produce duckweeds which serves as a natural alternative to fish feeds. A trailblazer in mushroom and integrated farming In recognition of his innovative practices and contributions to the local mushroom industry, LANDBANK conferred to Roderick the “Ulirang Magsasaka – Special Award for Integrated Farming” at the Bank’s Models of Excellence Recognition Initiative for Top Bank Clients (MERIT) Awards. Roderick and his wife, Sheila Capalongan, receive the special citation for integrated farming during the LANDBANK MERIT Awards in Malate, Manila. Roderick and his wife, Sheila Capalongan, receive the special citation for integrated farming during the LANDBANK MERIT Awards in Malate, Manila. The MERIT Awards celebrated the Bank’s top development partners in the delivery of essential financial and support services in local communities nationwide. Roderick’s farm has become the model mushroom farm in Nueva Vizcaya, attracting local and foreign visitors, including students, cooperatives and associations, to learn from his expertise about mushroom and integrated farming. National agencies like Department of Science and Technology (DOST), Department of Agriculture (DA), Department of Agrarian Reform (DAR), and state universities also work closely with the farm to promote sustainable farming practices and enhance agricultural education. Looking ahead, Roderick plans to build a farm school to train aspiring agri-entrepreneurs in mushroom production and elevate Nueva Vizcaya as a hub for oyster mushroom production. He likewise plans to train abroad to refine his skills and learn best global practices to help boost the local industry. “We are planning to train sa ibang bansa para mag-uwi ng advanced technology at matuto ng modern practices for mushroom production. Naniniwala ako na kaya natin magkaroon ng globally competitive mushroom industry,” said Roderick. A Journey from Campaigns to Cultivation Roderick Capalongan’s journey from the advertising world to agriculture is a testament to his adaptability to embrace change and passion to pursue his calling. With LANDBANK as his trusted partner, he continues to thrive—proving that success grows where passion and innovation meet. Through partnerships like these, LANDBANK is empowering farmers and Filipinos nationwide for a better future. About LANDBANK LANDBANK is the largest development financial institution in the Philippines with the largest portfolio in support of agriculture, fisheries, and rural development. Promoting financial inclusion, digital transformation, and sustainable national development, the Bank is present in all 82 provinces in the county and is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
LEARN MORE
Expanding financial access for small farmers: LANDBANK partners with KITA Agritech, TAO Foods to boost agri modernization
LANDBANK President and CEO Lynette V. Ortiz (2nd from right) formalizes partnerships in consecutive ceremonial signings with KITA Agritech CEO Carlos Miguel S. Concio (2nd from left, 1st photo) and TAO Foods Chairman Julio D. Sy, Jr. (2nd from the left, 2nd photo) in efforts to advance modernization of the agriculture sector in the country. Joining as witnesses are KITA Agritech Vice President Rafael Anonas (leftmost, 1st photo), TAO Foods President and CEO Atty. Laura Love P. Guevara (leftmost, 2nd photo), and LANDBANK Executive Vice President Ma. Celeste A. Burgos Land Bank of the Philippines (LANDBANK) has made strategic partnerships with KITA Agritech Corporation (KITA Agritech) and TAO Foods Company Inc. (TAO Foods) to amplify efforts in empowering small farmers with increased access to financial services and opportunities for modernization. Under the partnership, KITA Agritech and TAO Foods will provide necessary production, technical, and marketing assistance to partner farmers and farmer organizations, creating a robust framework that fosters innovation by incorporating each company's digital solutions. KITA Agritech will introduce the Digital Trading Post, which aims to improve inventory management and reduce operational farming costs associated with natural disasters and calamities. TAO Foods will introduce the Rice to Rise Program, which aims to supply farmers with one hundred percent (100%) locally produced hybrid rice seeds that can potentially increase their yield, thereby resulting in improved productivity and profitability. For its part, LANDBANK will extend to eligible partners endorsed by the two companies the AGRISENSO Lending Program, which provides affordable financing to small farmers, Agrarian Reform Beneficiaries (ARBs), and the whole agriculture value chain, aimed at bolstering nationwide food security and sufficiency. Beyond financial and technical support, these partnerships aim to empower farmers to navigate market and environmental challenges through innovative technologies and sustainable practices. This ensures their livelihoods remain productive and secure, contributing to a more resilient and self-sufficient agricultural sector. “LANDBANK is focused on making impactful partnerships in ensuring that more farmers are empowered with the tools and resources needed for them to thrive, increase productivity, and contribute to national food security. Together, we are advancing modern agriculture while driving sustainable growth and strengthening the country’s food supply chain,” said LANDBANK President and CEO Lynette V. Ortiz. In separate signing ceremonies, LANDBANK President and CEO Ortiz formalized the partnerships with KITA Agritech CEO Carlos Miguel S. Concio and TAO Foods Chairman Julio D. Sy, Jr. on 01 October 2024 at LANDBANK Plaza in Manila. They were joined by KITA Agritech Vice President Rafael Anonas, TAO Foods President and CEO Atty. Laura Love P. Guevara, and LANDBANK Executive Vice President Ma. Celeste A. Burgos as witnesses. Founded in February 2022 by CEO Concio, KITA Agritech is one of the fastest-growing agritech startups in the Philippines that helps Filipino farmers become more sustainable by leveraging technology to optimize operations, reduce costs, and increase productivity. TAO Foods, on the other hand, produces hybrid rice seeds and processed meat products, and focuses on sustainable farming and modern seed technology to enhance farmers' profitability and ability to contribute to national food security. LANDBANK launched the AGRISENSO Lending Program this year and has supported 1,671 borrowers nationwide with a total of P264.9 million in approved loans as of end-August 2024. The AGRISENSO Lending Program was first introduced at the LANDBANK “Bilis Ipon: Digital Financial Inclusion Caravan,” which aims to bring banking and financing services closer to farmers in far-flung and underserved communities. The Bank has successfully conducted the Caravans in 17 areas this year, with the latest in Himamaylan City, Negros Occidental on 31 July 2024. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
LEARN MORE
24/7 CUSTOMER SERVICE
