The Market Monitor Minding the Nation's Business
LANDBANK continues to strengthen its support for farmers and agricultural stakeholders with the regional rollout of the AGRISENSO Plus Lending Program in Palawan, offering low-interest financing and capacity-building assistance to more farming communities nationwide.
Over 1,400 farmers from the municipalities of Aborlan, Bataraza, Brooke’s Point, Narra, Quezon, Rizal, and Sofronio Española attended the launch held on October 10, 2025, at the Brooke’s Point Event Center, underscoring the strong demand for accessible and affordable credit in the province.
LANDBANK President and CEO Lynette V. Ortiz and Bangko Sentral ng Pilipinas (BSP) Director Mynard Bryan R. Mojica led the event, joined by Brooke’s Point Mayor Cesareo R. Benedito Jr., Narra Mayor Gerandy B. Danao, and representatives from national and local agencies including 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 Corporation (PCIC).
“With the continued rollout of the LANDBANK AGRISENSO Plus Lending Program 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 said.
Developed in partnership with the DA, DAR, ACPC, NIA, and other private sector partners, the AGRISENSO Plus Program provides value chain-based financing with a fixed interest rate of 4% per annum for small farmers, fishers, and agrarian reform beneficiaries (ARBs), and competitive rates for cooperatives, MSMEs, large enterprises, anchor firms, and agriculture graduates.
Borrowers enjoy simplified requirements, free life and credit insurance, and access to technical and market support to boost productivity and income. The program is complemented by LANDBANK ASCEND (Agri-Fishery Support through Capability Enhancement for Nationwide Development), which offers training on digital financial literacy, sustainable agriculture, and enterprise development.
As of August 2025, LANDBANK has released ₱1.78 billion in loans under the AGRISENSO Plus Program, benefitting more than 12,000 borrowers nationwide. The Palawan rollout follows earlier launches in Pampanga, Cagayan, Isabela, Batanes, Bukidnon, and Iloilo, with the next expansion set for Negros Occidental later this month.