T’BOLI, South Cotabato — In line with its intensified support to the agriculture
sector, the Land Bank of the Philippines (LANDBANK) recently granted a P224-million
loan assistance to the T’Boli Farm Growers Multi-Purpose Cooperative (TFGMPC) to
further expand the cooperative’s production of pineapples and pineapple fibers.
Bulk of the LANDBANK loan amounting to P180 million will augment the co-op’s
working capital requirements for the procurement of farm inputs and other costs to
boost pineapple production.
Meanwhile, TFGMPC will utilize P34 million to acquire farm machineries and post-
harvest facilities for hauling and land preparation, such as tractors, service vehicles,
trucks, and a backhoe loader.
The remaining P10 million will be used to increase the volume of pineapple fibers
that the co-op is exporting to the United Kingdom, which are used to manufacture
pineapple leather material for shoes, bags and other accessories.
“LANDBANK continues to intensify its lending support to the agriculture sector,
especially farmers in the Mindanao region. LANDBANK is committed to deliver timely
and responsive support to expand their operations and boost their production and
income," said LANDBANK President and CEO Cecilia Cayosa Borromeo.
LANDBANK South Cotabato Lending Center Head, Assistant Vice President Lilibeth D.
Alvarez and TFGMPC Chairwoman Jocelyn S. Serofia led the ceremonial loan signing,
together with TFGMPC Manager Adolfo D. Tanco, Jr., Treasurer Arcadio L. Adelantar
III, alongside TFGMPC Board members and LANDBANK staff as witnesses.
LANDBANK has been a long-time development partner of TFGMPC spanning 28
years, with the latest loan to benefit the co-op’s 991 farmer-members operating in a
total of 1,041 hectares of farmland in the municipalities of T’boli, Surallah, Lake Sebu
and Banga.
The TFGMPC started in 1993 with only 17 members primarily to cater to the
financing requirements of farmers engaged in pineapple production.
In 1995, the co-op operated through a pineapple contract growing scheme with the
T’boli Agro-Industrial Development, Incorporated (TADI), with the successful
partnership translating into a 400 hectare-plantation, supported by a P20-million
loan line from LANDBANK.
In 2004, Dole Philippines, Inc. (Dolefil) took over TADI’s operations and became the
marketing arm of the co-op’s produce.
Over the years, TFGMPC has ventured into pineapple fiber production after the
Department of Agriculture (DA), through the Philippine Fiber Industry Development
Authority (PhilFIDA), awarded the co-op five decorticating machines.
With a stable market and reliable financing from LANDBANK, the TFGMPC continues
to expand its operations and shares their success with local communities by
conducting feeding programs, reforestation, and nursery activities, as well as
granting of scholarships for students.
