00:00The launch of the AgriSenso Plus Lending Program of the Land Bank in Lalo, Cagayan was a success.
00:07It can help farmers and fishermen in a lower and easier way to lend.
00:13Teresa Campos of Radyo Pilipinas, Tuggegaraw, has news for the country.
00:19The Land Bank helped us a lot.
00:25Thank you, Land Bank. Thank you, D.A. and thank you, NIA.
00:33Father Celestino has nothing to thank for the programs that will improve their livelihoods.
00:40Just like other farmers, fishermen, agrarian reform beneficiaries and small businessmen,
00:46they are confident that their agribusiness will flourish.
00:50This was achieved by the Agriculture Growth and Resource Integration
00:55through Strategic and Enhanced Delivery of Support and Opportunities
00:59or AgriSenso Plus Lending Program of the Land Bank in Lalo, Cagayan.
01:04We've launched this alongside with the ASCEND Program.
01:07And that's really all about capacity building, it's about education,
01:12it's about also helping them really understand that, you know, there are obligations,
01:17there are responsibilities when you have loans.
01:20And because the ASCEND Program is a capacity building component of the AgriSenso Plus Lending Program,
01:26its interest is only 4% per year, which is lower than the private lender.
01:32Aside from this, the requirements were also simplified by the Land Bank.
01:36In fact, more than 1,000 people applied to AgriSenso Plus here in Lalo, Cagayan,
01:42where 400 loan applications were approved.
01:46These programs are just one of the initiatives of the Administration of President Ferdinand Marcos Jr.
01:52to strengthen agribusiness in the country.
01:55From Radyo Pilipinas, Tuguegarao, Teresa Campos reporting for Balitang Pambansa.
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