Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo received COOP NATCCO Partylist Representative Hon. Felimon M. Espares and other partner cooperatives on 10 November 2022 at the LANDBANK head office, to discuss possible areas of partnership related to legislation to advance the cooperative sector in the country.
President Borromeo welcomed the dialogue initiative to further strengthen LANDBANK’s continuing efforts to provide financial and technical assistance to co- ops nationwide.
During the group’s courtesy call, LANDBANK discussed available financial support to public transport cooperatives through the SPEED PUV Lending Program, which offers affordable financing for the purchase of more efficient and safer vehicles, in line with the National Government’s Public Utility Vehicle Modernization Program (PUVMP).
In partnership with the Department of Transportation (DOTr), the transport co-ops will soon utilize the Automated Fare Collection System (AFCS), to provide commuters convenient and safe cashless payments in Public Utility Vehicles (PUVs).
The state-run Bank also proposed collaborative initiatives to support the digital transformation of local cooperatives engaged in other industries, and cited various digitalization benefits by local government partners as examples of trailblazing digital programs.
Towards building stronger and more resilient communities, President Borromeo likewise expressed the continued commitment of LANDBANK to provide intensified support to the agriculture sector through co-ops represented by the Partylist group.
Rep. Espares was joined in the consultative meeting by Renato G. Dela Cruz, Vice Chairperson of San Dionisio Credit Cooperative; Brian A. Yap, CEO of the Cebu Peoples Cooperative; Edmund B. Cadavona, Chairperson of the National Federation of Transport Cooperatives; Marlene Sindayen, General Manager of Novaliches Development Cooperative and Representative of the National Anti-Poverty Commission, among other co-op partners.
Meanwhile, LANDBANK President Borromeo was with Senior Vice President Filipina B. Monje, Vice President Vivian M. Cañonero, and Assistant Vice Presidents Leonardo D. Aurellana, Jr. and Generoso S. David, and Program Officer Gliceria B. Angeles.