Government bank sets aside P500M loan portfolio for DavaoTHE state-run Land Bank of the Philippines (LBP) has alloted P500 million for Davao region, prioritizing in particular small and medium business, an LBP official said. LBP has set aside a total of P50 billion for its nationwide credit program next year, targeting cooperatives, small and medium businesses and local government units. Have something to report? Tell us in text, photos or videos. Camilo C. Leyba, LBP vice president and head for Davao Region, said the bank will prioritize small farmers and fisherfolk (SFF) cooperatives, small and medium entrepreneurs (SMEs) and micro-enterprises, agri-infrastracture projects of local government units, agri-related projects of government owned and controlled corporations, livelihood loans, agri-businesses, environment-related projects, socialized housing, schools and hospitals.

Embedly Powered