State-owned Land Bank of the Philippines led by bankero Cecilia Borromeo has renewed its partnership with the Technical Education and Skills Development Authority (TESDA) to finance livelihood projects.
“Landbank is fully committed to support TESDA graduates in taking the next steps in their employment journey by extending available credit facilities to help them establish their businesses,” Borromeo said.
Under the memorandum of agreement, Lanbank will provide credit assistance to eligible and TESDA-endorsed technical vocational education and training (TVET) graduates, trainees’ associations, and trainees’ cooperatives for their livelihood and business endeavors.
Initiated in 2019, the partnership program was extended through a MOA signed by Borromeo and TESDA Secretary Isidro Lapeña.
“I have no doubt that through this partnership, we shall be producing more entrepreneurs and creating more jobs, which shall ultimately lead to a revived economy,” Lapeña said.
The partnership program is part of LANDBANK’s thrust to generate more employment opportunities to spur the nation’s ongoing economic resurgence.
The collaboration will likewise facilitate capacity-building trainings for identified beneficiaries to improve their entrepreneurial skills and business competency, especially under the new normal.