State-run Land Bank of the Philippines (LandBank) said it integrated online applications under the AGRISENSO Plus Lending Program, allowing farmers to conveniently apply for loans.
In a statement, LandBank said the integration makes agricultural financing more accessible to farmers.
LandBank President and CEO Lynette Ortiz and Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. led the program rollout on Oct. 30 at the Cadiz City Arena, attended by more than 1,700 farmers from Cadiz and neighboring towns in Negros Occidental.
The program, developed in partnership with the DA, Agricultural Credit Policy Council (ACPC), Department of Agrarian Reform (DAR), National
Irrigation Administration (NIA), and private sector partners, is a value chain-based financing initiative that provides holistic support to agricultural stakeholders, with simplified documentary requirements, free life and credit life insurance, and expanded access to technical and market support to help boost productivity and profitability.
It offers a lowered fixed interest rate of only 3 percent per annum down from 4 percent, for small farmers, fishers, and agrarian reform beneficiaries (ARBs), with competitive rates for their associations, cooperatives, micro, small, and medium enterprises, large enterprises, anchor firms, and agriculture graduates.
LandBank said that as of August 2025, it already released PHP1.78 billion in loans under the AGRISENSO Plus lending program, supporting over 12,000 borrowers nationwide.
The Negros Occidental rollout follows successful launches in Pampanga, Cagayan, Isabela, Batanes, Bukidnon, Iloilo, and Palawan.
“LandBank has seen how our farmers continue to face so many challenges — from the recent eruption of Mt. Kanlaon, to the impact of climate change, unstable farmgate prices, and market access. This is why we designed AGRISENSO Plus to provide holistic and practical solutions to the challenges faced by our farmers and fisherfolk,” Ortiz said.PNA
