UCPB Customer Relations Center (+632) 811-9111   |   crc@ucpb.com   |  

UCPB-CIIF Finance’s loans to coco farmers reach P276 M at the end of Q3

UCPB-CIIF Finance and Development Corp. released P125.6 million in new livelihood loans to small coconut farmers in the third quarter of the year bringing its year-to-date September total to P278.7 million.

The loans financed livelihood activities of 3,897 coconut farmers in 60 coconut-producing provinces across the country aimed at augmenting their income from coconut farming.

UCPB-CIIF Finance, one of the social development arms of the UCPB Group and the Coconut Industry Investment Fund (CIIF) Group, is tasked with delivering credits to the countryside in keeping with the two groups’ common mandate to help improve the living condition of coconut farmers.

Company president Edgardo Amistad said UCPB-CIIF Finance has been providing financing to coconut farmers since 1995 for short-gestation projects that generate quick returns such as cash crop cultivation, livestock raising, commodities trading and village-based processing of coconut by-products like coconut sugar.

Total loans released by UCPB-CIIF Finance over the past 32 years is nearing the P10-billion mark at P9.3 billion. The loans have benefitted 447,000 coconut farmers.

Amistad said the UCPB Group and the CIIF companies formed UCPB-CIIF Finance in late 1994 to engage in development lending to coconut farmers, who have difficulty tapping other formal credit sources owing to their small size and the relatively higher risk of their micro-enterprises.

The loans are released through rural financial institutions (RFI), the bulk of which are cooperatives. UCPB-CIIF Finance has a network of these countryside partners that can reach out to over 20,300 barangays in 68 coconut provinces.

In addition to development lending, the UCPB Group and CIIF Group also support a scholarship program for children of coconut farmers and a reforestation program inside the Marikina River Basin Protected Landscape through the UCPB-CIIF Foundation, and a medical charity providing free surgery to children with oral cleft through Operation Smile Philippines.

The social causes the UCPB Group and CIIF Group supports are aligned with the United Nations’ Sustainable Development Goals to end poverty, make available quality education to all, and promote good health and well-being.

Date published: November 9, 2018

Quick Links

Product Name NAVPU YTD Return

As of Feb 15, 2019, 05:44:00 PM

Click here to use our UITF Yield Calculator

For more information, please contact
UCPB Trust Banking Group:
(02) 811-9520, 811-9515, or 811-9541
trust@ucpb.com

Customer Advisories

System Maintenance Schedule: Feb. 17, 2019 (12mn-1am)

Please be advised that the following electronic banking channels will not be available from 12:00 midnight to 1:00 AM on February 17, 2019 (Sunday): Point-of-Sale (POS) Terminals (via BancNet) e-Commerce transactions (online purchases via BancNet) Please take note that UCPB Accountholders will not be able to transact using other banks’ ATM. Kindly schedule your transactions before or after the scheduled maintenance. We apologize for the inconvenience this may cause. We are doing this to ensure consistent and improved service delivery for you. Thank you. Read more.

System Maintenance Schedule: Feb. 10, 2019 (12mn-2am)

Please be advised that the following electronic banking channels will not be available from 12:00 midnight to 2:00 AM on February 10, 2019 (Sunday):

UCPB Connect
ATMs
Mobile Phone Banking
Point-of-Sale (POS) Terminals
e-Commerce transactions (online purchases via VISA and Bancnet)
CM.Biz
My 1Time Payment

Please take note that UCPB Accountholders will not be able to transact using other banks’ ATM. Kindly schedule your transactions before or after the scheduled maintenance.

We apologize for the inconvenience this may cause. We are doing this to ensure consistent and improved service delivery for you.

Thank you. Read more.

Copyright 2016 UCPB. All Rights Reserved.

Main Menu