Labo Progressive Multi-Purpose Cooperative officers led by General Manager Mario Espeso (6th from left) with LANDBANK Officers and staff led by Senior Vice President Lucila E. Tesorero (5th from left). (inset) Workers process freshly-picked pineapples into world-class products.
LABO, Camarines Norte – From its humble beginnings as a small group of public market vendors who started a paluwagan (an informal savings-and-lending group) back in 1987, the Labo Progressive Multi-Purpose Cooperative (LPMPC) has since grown to become one of the largest cooperatives in Camarines Norte and a leading force in pineapple farming and trading in the province.
The co-op’s turning point happened in 1995 when a powerful typhoon devastated the province. It was also that year when its partnership with the Land Bank of the Philippines (LANDBANK) came into fruition.
“When typhoon Rosing tore down LPMPC’s office that year, LANDBANK helped us out with a loan to purchase the 1.3-hectare piece of land where our new office now proudly stands,” recalled General Manager Mario Espeso.
Today, LPMPC’s main headquarters now features a training center and several other buildings for its financing and agribusiness projects such as organic fertilizer, virgin coconut oil, and handmade paper production.
LPMPC is a recognized pioneer in integrated pineapple production and processing. Knowing fully well the importance of value chain, the group purchases pineapples produced by farmer-members which are then processed into various pineapple products under the brand name “Queench”.
The Queench line includes pineapple juice drinks, jams, dried pineapple, and jellies. Trained LPMPC craftsmen also produce pineapple fiber from the leaves that are then made into handmade paper and hand-woven cloth marketed as Formosa Manos.
Even at the height of the government-imposed lockdowns caused by the COVID-19 health crisis, LPMPC continued to safely buy the produce of farmer-members or match them with buyers. This provided its members a steady source of income, the pandemic notwithstanding.
LPMPC also provides job opportunities for locals, hiring employees for their credit and savings operations, and workers for the various agri-enterprises, including weavers and hand scrapers of pineapple leaves. Inmates of three (3) nearby district jails serve as fiber knotters and are given an extra source of income while serving time.
The co-op has expanded to include four branches and one satellite office across the province catering to its more than 7,000 members. It also took over the management of the Agri-Pinoy Trading Center, the Provincial Agricultural Trading Center in Camarines Norte.
Over the last 25 years, LANDBANK serves as one of LPMPC’s major partners in growth. Aside from financing the co-op’s working capital requirements, LANDBANK—through its subsidiary, the LANDBANK Countryside Development Foundation, Inc. (LCDFI)—conducts free capacity-building seminars and offers skills training and cooperative management scholarships for members.
LANDBANK recognizes the importance of co-ops in local development, particularly in the agriculture sector. As of August 2020, the Bank’s outstanding agricultural loans reached P224.66 billion, of which P20.86 billion was extended to 1,081 cooperatives and farmers’ associations.
For more information about the LANDBANK’s Lending Programs, 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.
PH Air Force launches online payment system powered by LANDBANK
Department of National Defense (DND) Secretary Delfin N. Lorenzana (2nd from left) and LANDBANK President and CEO Cecilia C. Borromeo (3rd from left) lead the launching of the Philippine Air Force (PAF) Online Payment System (POPS) at Camp General Emilio Aguinaldo, Quezon City on January 12, 2021. They are joined by (from L-R) Armed Forces of the Philippines (AFP) Deputy Chief of Staff Vice Admiral Erick I. Kagaoan and PAF Chief Lieutenant General Allen T. Paredes. In responding to the growing demand for safe and contactless payment services, the Philippine Air Force (PAF), in partnership with the Land Bank of the Philippines (LANDBANK), officially launched the PAF Online Payment System (POPS) at Camp General Emilio Aguinaldo, Quezon City on January 12, 2021. Powered by LANDBANK’s Link.BizPortal Facility, the POPS will facilitate the efficient online payment of light and water utility dues, bidding document fees, and trust receipts for the Air Force General Hospital. Through the POPS, PAF clients which include creditors, suppliers, and PAF personnel family members, will be able to settle their financial commitments in a faster, secure, and convenient manner. “With the Land Bank of the Philippines serving as our formidable partner in this project, and with everyone’s cooperation, I am sure that we will be able to experience more of the comfort, convenience, and benefits of a safe, fast, efficient, and reliable payment system,” said Department of National Defense (DND) Secretary Delfin N. Lorenzana. The launching ceremony was led by Defense Secretary Lorenzana, Armed Forces of the Philippines (AFP) Deputy Chief of Staff Vice Admiral Erick I. Kagaoan, PAF Chief Lieutenant General Allen T. Paredes, and LANDBANK President and CEO Cecilia C. Borromeo. They were joined by LANDBANK officials namely Branch Banking Sector Head, Executive Vice President Julio D. Climaco, Jr., South NCR Branches Group Head, Senior Vice President Ramon R. Monteloyola, South NCR Branches Group-Cluster C Relationship Officer, Assistant Vice President Mary Lilian M. Cruz, and Villamor Air Base Branch Head Ritzel S. Pagaduan. “We congratulate the Philippine Air Force for taking the lead, and being the first among the Major Services of the AFP to implement this online payment system. The launching of POPS is even more timely and relevant as we continue to leverage on digital channels to meet the growing demand for contactless financial solutions in the new normal,” LANDBANK President and CEO Borromeo said. The PAF is among the 767 LANDBANK Link.BizPortal partner-merchants nationwide. As of December 2020, the Link.Biz has successfully facilitated a total of 2.12 million transactions amounting to P7.95 billion, representing increases of 35% and 71%, respectively, over the same period in 2019. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).LEARN MORE
LANDBANK to open new Agri-Hub in Sta. Maria, Ilocos Sur
STA. MARIA, Ilocos Sur – State-run Land Bank of the Philippines (LANDBANK) will open its first Agri-Hub in the province of Ilocos Sur, the LANDBANK Sta. Maria Agri-Hub, on January 15, 2021. The LANDBANK Sta. Maria Agri-Hub will provide financial and technical services to the Bank’s clients, especially to more than 10,000 farmers and fisherfolk in the municipalities of Sta. Maria, Burgos, and San Esteban. LANDBANK’s Agri-Hubs are strategically located in the top rice-producing provinces in the country and designed to provide a wide array of services. This includes banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as processing of AR bonds and handling of agrarian-related concerns from landowners, bondholders, and Agrarian Reform Beneficiaries (ARBs). The LANDBANK Sta. Maria Agri-Hub will also offer LANDBANK’s various digital banking platforms, including the Digital Onboarding System (DOBS) which simplifies the account opening process for new clients to only 10-15 minutes. The Sta. Maria Agri-Hub will have its official inauguration on January 16, Saturday, to be led by Department of Agriculture Secretary William D. Dar, Sta. Maria Mayor Brigido Camarillo, Jr., Burgos Mayor Nathaniel D. Escobar, San Esteban Mayor Ray M. Elaydo II, and LANDBANK North Luzon Branches Group Head First Vice President Ma. Belma T. Turla. The LANDBANK Sta. Maria Agri-Hub is the 5th Agri-Hub to open nationwide, along with four (4) newly opened Agri-Hubs in Calabanga, Camarines Sur; Barotac Viejo, Iloilo; Sual, Pangasinan; and Echague, Isabela. LANDBANK now has a total network of 411 branches and 65 branch-lite units, composed of branch-lites, Agri-Hubs, LEAFs, tellering booths, and FX booths across all 81 provinces. This is complemented with 55 lending centers in strategic areas nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).LEARN MORE
LANDBANK caps off 2020 with new ‘agri-hubs’ for farmers, fishers
In line with its continuing thrust toward greater financial inclusion, the Land Bank of the Philippines (LANDBANK) wrapped-up 2020 by further expanding touchpoints in key strategic areas nationwide to bring financial services closer to more farmers and fishers. The state-run bank established four Agri-Hubs in December which provide banking, lending and agrarian services in the country’s top rice-producing provinces and unbanked and underserved rice farming areas. “Amidst the ongoing pandemic, LANDBANK remains steadfast in delivering safe and reliable financial services to unbanked and underserved communities in the country. We will continue to intensify support and respond to the developing needs of the agriculture sector, most especially the small farmers and fishers,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK inaugurated its first-ever Agri-Hub in the Municipality of Calabanga, Camarines Sur to service farmers and fishers from the area, alongside neighboring municipalities of Siruma, Bombon, Magarao, and Tinambac. The opening of the Calabanga Agri-Hub was led by Calabanga Mayor Eduardo A. Severo and Southeast Luzon Branches Group Head, Senior Vice President Althon C. Ferolino. They were joined by LANDBANK Legazpi Branch Head, Assistant Vice President Cesar A. Ramirez, Naga Rotunda Branch Head Melanie D. Avila, and Calabanga Agri-Hub Head Emma Ruth Estadilla. Meanwhile, the Barotac Viejo Agri-Hub in Iloilo will serve the 26 barangays of the Municipality of Barotac Viejo, as well as the nearby towns of Banate and San Rafael. Barotac Viejo Mayor Nielo C. Tupas and LANDBANK West Visayas Branches Group Head, First Vice President Delma O. Bandiola led the inauguration rites of the Barotac Viejo Agri-Hub, together with former Barotac Viejo Mayor Myrna C. Tupas, LANDBANK Corporate Affairs Group Head, Vice President Vivian M. Cañonero, Iloilo Branch Head, Assistant Vice President Rudina D. Pastrana, and Barotac Viejo Agri-Hub Head Merebeth B. Collado. LANDBANK also opened the Sual Agri-Hub in Pangasinan—the first Agri-Hub in North Luzon—which will bring the Bank’s services closer to farmers and fishers in the Municipality of Sual and Labrador. The inauguration of Sual Agri-Hub was led by Sual Mayor Liseldo D.Q. Calugay and North Luzon Branches Group Head, First Vice President Ma. Belma T. Turla, Alaminos Branch Head Roehl S. Bautista, and Sual Agri-Hub Head Rolando B. Jaquias. Meanwhile, the Echague Agri-Hub in Isabela will cater primarily to the 2,533 farmers within the 64 barangays in the municipality. Echague Vice Mayor Amado Gaffud, Special Assistant to the Mayor Josephine Rivera, and LANDBANK Ilagan Branch Head, Assistant Vice President Lorenzo M. Saquing led the opening of the Echague Agri-Hub. With them were Isabela State University Admin and Finance Services Vice President, Atty. Romano P. Cammayo, and LANDBANK officials namely Santiago Branch Head, Assistant Vice President Catherine M. Guerrero, San Isidro Branch Head Leilani S. Antolin, and the staff of the Echague Agri-Hub led by Ms. Josephine A. Lorenzo. In addition, LANDBANK inaugurated its newest branch in the Municipality of Balingasag, Misamis Oriental on December 28, 2020—LANDBANK’s 8th branch in the Province complemented by 59 ATMs. The LANDBANK Balingasag Branch will serve the banking and financing needs of more than 3,000 farmers and fishers covering the municipalities of Balingasag, Jasaan, Lagonglong and Salay. Balingasag Mayor Alexis S. Quina and LANDBANK West Mindanao Branches Group Head, Vice President Lina K. Pacio led the Balingasag Branch inauguration rites. They were joined by Balingasag Vice Mayor Felix H. Borromeo and LANDBANK officials namely Capistrano Branch Head, Assistant Vice President Josephine B. Mercadal and Balingasag Branch Head Mark Chester T. Yongco. LANDBANK now has a total of 411 branches and 65 branch-lites across all 81 provinces nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).LEARN MORE