SRA, LANDBANK empower sugarcane farmers with expanded credit access

LANDBANK President and CEO Lynette V. Ortiz (3rd from left) and Sugar Regulatory Administration (SRA) Administrator Pablo Luis S. Azcona (4th from left) lead the signing of the Revised Implementing Rules and Regulations (IRR) of the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) on 16 December 2024 at the SRA Sugar Center Building, North Avenue Diliman, Quezon City.

The streamlining of the Program's processes aims to provide more accessible and affordable credit support, in line with the Bank's commitment to empowering Filipino sugarcane farmers and boosting the country's agriculture sector.

As of end-November 2024, LANDBANK has approved loans under the SCP-SIDA amounting to P1.32 billion, benefitting over 4,000 individual borrowers, including six block farms and four common service centers nationwide.

Joining the event are LANDBANK Executive Vice President Ma. Celeste A. Burgos (2nd from left), Department of Agriculture Assistant Secretary for Logistics Daniel Alfonso N. Atayde (leftmost), together with SRA Board Members Ma. Mitzi V. Mangwag (2nd from right) and David Andrew L. Sanson (rightmost).

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.