Livelihood Loan - 'Excellent Opportunity' for Teachers

DepEd-Land Bank MOA

More than 60,000 Public school teachers, both in elementary and secondary of the Department of Education may have now the opportunity to avail the Livelihood Loan Facility (LLF) of the Land of the Philippines in a recent agreement signed by the Education Secretary and Land Bank President.

Education Secretary Br. Armin Luistro of Department of Education (DepEd) and Land Bank President Gilda E. Pico of the Land Bank of the Philippines (LBP) signed the Memorandum of Agreement (MOA) providing the DepEd employees to avail of loans in the Land Bank with a lower interest rate than that of the private banks and other lending institutions.