The Land Bank of the Philippines and the Laconon 100 Multi-Purpose Cooperative (LMPC) have signed a P212.8-million loan to finance the co-op’s pineapple production and agricultural modernization efforts, to help sustain the growth of the local pineapple industry in the province.
LANDBANK senior vice president Charlotte I. Conde and Laconon 100 Multi-Purpose Cooperative chairperson Rhoda O. Pecadizo have signed a P212.8-million loan agreement in Surallah, South Cotabato, on Nov. 25, 2022. Its aim is to finance the co-op’s pineapple production and other agri projects. The financial support is expected to boost the production of pineapple farms managed by LMPC, with a combined area of over 1,400 hectares in the Municipalities of T’boli, Surallah, Lake Sebu and Banga.
[ P100 = €1.70 ]
Source: manilastandard.net