THE WAY FORWARD │ Level Up Philippine Agriculture!

DA, Go Negosyo, LBP MOA Signing for Inclusive Growth (Sept. 20, 2021)

Author: DA Communications Group | 20 September 2021

To sustain and scale-up local agribusinesses and open more economies in the time of the new normal, Agriculture Secretary William Dar signed a memorandum of agreement (MOA) with Go Negosyo and LandBank of the Philippines (LBP) for the promotion of inclusive growth through financial inclusivity and accessibility of agrientreprenuers, farmers and fishers, mentored under the Kapatid Agri Mentor Me Program (KAMMP) on Sept. 20, 2021.

Through a virtual ceremonial signing, the three institutions committed to continue supporting and providing innovations for micro, small and medium enterprises (MSMEs) and improve the lives of the Filipino people amidst the challenges of the COVID-19.

The initiative aims to promote inclusive growth by promoting financial accessibility, and focusing on the three M’s principle of Go Negosyo: Money, Market, and Mentor.

Secretary Dar pledged his full support to the initiative, stressing the need to multiply and promulgate MSMEs in the agriculture sector.

For his part, Presidential Adviser for Entrepreneurship Secretary Joey Concepcion said that one of the goals of the initiative is to open the economy and enable it to co-exist with COVID-19.

LBP President Cecille Borromeo said that the financial institution has continuously designed credit windows and financial assistance packages, custom-made for the needs of agriculture to widen credit access of farmers, fishers, and MSMEs. (Photo by Alan Jay Jacalan, DA-AFID)