By Ruscelle Ureta

Several top officials from the Land Bank of the Philippines LANDBANK) visited the Cebu CFI Community Cooperative (Cebu CFI) to reassure the Bank’s continued support for the lending cooperative and its members.

LandBank President and CEO Cecilia Borromeo went to Cebu together with National Development Lending Sector Head, Executive Vice President Liduvino Geron, Corporate Banking Group Head, Senior Vice President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar, among other LANDBANK officials.

The state-run bank is set to grant Cebu CFI a new rediscounting loan line
facility. It will also renew its existing short-term loan line—to strengthen the cooperatives’ lending services for housing and livelihood projects.

Cebu CFI has over 154,700 members nationwide, primarily local government employees, teachers, and private employees. It also has existing branches and satellite offices in Luzon, Visayas, and Mindanao.