The Development Bank of the Philippines (DBP) has approved a P100-million credit line for Bayanihan Bank Inc., a Quezon-based rural lender, according to Philstar Biz . The funding is intended to enhance financing for small-scale farmers and fisherfolk seeking to expand their operations.
The loan agreement forms part of DBP’s broader mandate to support agricultural development and rural enterprise. Bayanihan Bank, which serves communities in Quezon province, will use the funds to offer more accessible credit terms to its target beneficiaries, helping to bridge the financing gap in the agricultural sector.
This initiative aligns with government efforts to strengthen rural banks as conduits for development financing. By channeling capital through local lenders, DBP aims to ensure that smallholder farmers and fisherfolk gain better access to working capital and investment funds needed to improve productivity and income.