Proud corn farmer Levy Mateo and her family can now look to the future with hope and security, with the help of LANDBANK and the Department of Agriculture. Read her story:
ILAGAN CITY, Isabela – Born to a family of farmers in the remoteof Sindun Bayabo, corn farmer Levy Mateo learned about the value of hard work at a young age.
For 12 years, Levy turned to a nearby rice and corn mill that offered loans to farmers in order to sustain her corn production. The mill charged an interest rate of 30% per annum. And to avail of a loan, the borrowers are required to sell their produce to the mill at a low price—leaving Levy and other farmers with little profit.
“Nung nakahiram ako sa LANDBANK, hindi na ako lumipat sa iba. Sa LANDBANK na ako laging lumalapit para sa aming mga pangangailangan sa sakahan. Napakaganda talaga dahil ang baba ng interes ng ACEF,” said Levy. Banking on her good experience as a borrower, she has encouraged fellow farmers to seek assistance from LANDBANK to finance their production, including her own daughter, who likewise ventured into farming.
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