LARBECO Opens Savings and Credit Branch in Isabela City

The Lamitan Agrarian Reform Beneficiaries Cooperative (LARBECO) based in Limook, Lamitan City inaugurated their second satellite mini-savings bank on N. Valderroza Street, Isabela City, February 26, 2012 (in front of the Bureau of Internal Revenue office).

Services offered are regular savings and time deposits. The establishment also extends the following loan assistance: business, salary and pension with 4%, 4% and 3% interest rates, respectively.

The cooperative’s members’ savings operation was first established in November 2002 funded under the Belgian Integrated Agrarian Reform Support Program, a foreign-assisted project of the Department of Agrarian Reform. It has further earned the support of NATCO.