LandBank assistance

The Integrated Barangays of Numancia Multi-Purpose Cooperative, with support from Land Bank of the Philippines, continues to expand lending operations and membership to help small farmers from Aklan and neighboring provinces. From a barangay-based cooperative with only 23 members and P2,500.00 as starting capital in 2003, IBON MPC transformed into a region-based development cooperative servicing the financial needs of over 7,200 farmer-members from Western Visayas. IBON MPC first availed of a P1-million rediscounting loan from LandBank in 2006 and negotiated a renewed loan line of P60 million in 2021.