The Land Bank of the Philippines (LandBank) announced it continues to strengthen its support for farmers and other players in the agricultural value chain with the regional rollout of the ‘Agrisenso Plus’ lending program in this province, bringing low-interest financing and capacity-building support closer to more agricultural communities nationwide.
Over 1,400 farmers from the municipalities of Aborlan, Bataraza, Brooke’s Point, Narra, Quezon, Rizal, and Sofronio Española gathered for the event, reflecting the strong interest of Palawan’s agri communities for accessible and affordable credit assistance, the state-run lender’s statement read.
LandBank President and CEO Lynette V. Ortiz and Bangko Sentral ng Pilipinas (BSP) Director Mynard Bryan R. Mojica led the launch on October 10 at Brooke’s Point Event Center.
They were joined by Brooke’s Point Mayor Cesareo R. Benedito Jr., Narra Mayor Gerandy B. Danao, and national and local partners from the Department of Agriculture (DA), Department of Agrarian Reform (DAR), National Irrigation Administration (NIA), Bureau of Fisheries and Aquatic Resources (BFAR), Agricultural Credit Policy Council (ACPC) and Philippine Crop Insurance Corp. (PCIC).
‘With the continued rollout of the ‘Agrisenso Plus’ nationwide, we are deepening our commitment to empower farmers and other agri stakeholders, including those in far-flung provinces like Palawan. We aim to provide them with the financing, tools, and partnerships needed to strengthen agricultural productivity and build resilient livelihoods,’ Ortiz was quoted as saying in the statement.
Agri financing
DEVELOPED in partnership with the DA, the DAR, the ACPC, the NIA and other private sector partners, the Agrisenso Plus is Landbank’s enhanced value chain-based financing initiative to provide holistic support to agricultural players.
The program offers a fixed interest rate of 4.0 percent per annum for small farmers, fishers, and ARBs, with competitive rates for their associations and organizations, micro, small, and medium enterprises (MSMEs), large enterprises, anchor firms, and agriculture graduates.
Borrowers benefit from simplified documentary requirements, free life and credit life insurance, and expanded access to technical and market support to help boost productivity and profitability.
The Agrisenso Plus is complemented by the Landbank’s Ascend (‘Agri-Fishery Support through Capability Enhancement for Nationwide Development’) initiative, a capacity-building component that provides farmers and fishers with training on digital financial literacy, sustainable agriculture, and enterprise development.
As of August 2025, LandBank has released P1.78 billion in loans under the Agrisenso Plus, supporting over 12,000 borrowers nationwide. The Palawan rollout follows successful launches in Pampanga, Cagayan, Isabela, Batanes, Bukidnon, and Iloilo, with the next rollout scheduled in Negros Occidental later this month.
Strengthening partnerships
THE Agrisenso Plus also connects farmers and fishers to market opportunities through partnerships with anchor firms, such as Kita Agritech Corp., Sarisuki Stores Inc., TAO Foods Co. Inc., Yovel East Research and Development Inc., and Unified Tillers Agriculture Cooperative.
Santeh Feeds Corp. recently joined the roster of the program anchor firms following the signing of a memorandum of agreement with Landbank on October 7.
The partnership will broaden the Program’s reach to aqua farmers nationwide who use Santeh Feeds’ products and services. It aims to boost productivity and strengthen the economic resilience of aqua farmers, while advancing sustainable aquaculture practices across the country.
LandBank remains steadfast in its mission to advance countryside development and ensure food security by scaling up inclusive and sustainable financing for the agriculture sector-empowering rural communities and cultivating growth from countryside to countrywide.