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Economy

Landbank allows lending to malunggay growers

July 30, 2008 12:27pm
MANILA, Philippines - The Landbank of the Philippines in Laguna has opened a financial facility for malunggay growers through the Cooperative Livelihood Assistance Program (CLAP).

Last June 24, the Enterprise and Sustainable Livelihood Multi-purpose Cooperative (ESLMPC), together with the Laguna provincial government and the Sangguniang Kabataan, unveiled the project entitled “Miracle Malunggay: Kikita Ka Na, Lulusog Ka Pa" in Magdalena, Laguna. It was the first-ever malunggay nursery funded by Landbank-Laguna.

According to Dolly Libunao from the Development Assistance Center Area 4B of Landbank-Laguna, their head office is already conducting a research dedicated to malunggay. Landbank is also working on its Development Advocacy Program to help finance livelihood projects like this one.

Wilmer Lebria, chairman of ESLMPC, said that he wants to propagate malunggay farming because of the vegetable’s health and nutritional value, as well as its agribusiness potential since coop members would gain additional income.

ESLMPC converted three an a half hectares of unutilized land into a malunggay nursery and seedbank that will provide for the seed requirements of malunggay plantations in the second and third districts of Laguna. The local government of Laguna provided logistical support and technical assistance to the project.

The coop has been tapped to plant malunggay in over 60 hectares of land. This is apart from the 40 hectares in Sta Maria, eight hectares in Majayjay, three hectares in Pila, and two hectares in Sta. Cruz, among others. - Cheryl M. Arcibal, GMANews.TV
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