LandBank releases P16 billion in cash aid to Philippines' poorest | ABS-CBN
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LandBank releases P16 billion in cash aid to Philippines' poorest
LandBank releases P16 billion in cash aid to Philippines' poorest
ABS-CBN News
Published Apr 16, 2020 09:44 AM PHT
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Updated Apr 16, 2020 09:56 AM PHT

MANILA -- The Land Bank of the Philippines said Thursday it distributed P16 billion in cash aid to millions of poor families to help them cope with the COVID-19 lockdown.
MANILA -- The Land Bank of the Philippines said Thursday it distributed P16 billion in cash aid to millions of poor families to help them cope with the COVID-19 lockdown.
The 3.7 million who received assistance are also beneficiaries of the government's conditional cash transfer program, said LandBank President Cecilia Borromeo.
The 3.7 million who received assistance are also beneficiaries of the government's conditional cash transfer program, said LandBank President Cecilia Borromeo.
State-run LandBank is also waiving penalties and interest during the lockdown period. Borrowers can apply for longer tenors on their loans, she said.
State-run LandBank is also waiving penalties and interest during the lockdown period. Borrowers can apply for longer tenors on their loans, she said.
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