The Jollibee Group Foundation has partnered with BanKo, the microfinance arm of the Bank of the Philippine Islands, to provide credit lines to onion farmers, according to a report by Philstar Biz.
The financing arrangement aims to help onion farmers improve productivity and boost their income by giving them access to much-needed capital. The initiative is part of the Jollibee Group Foundation's ongoing programs to support local agricultural communities and ensure sustainable supply chains.
The partnership comes amid efforts to stabilize onion prices and support small-scale farmers, who often face challenges in securing affordable loans. By linking credit access with a major food company, the program seeks to create a stable market for onions while empowering growers.