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LandBank releases P16 billion in cash aid to Philippines' poorest

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/news/04/16/20200415-covid-baguio-lockdown-jc-9261.jpg?ext=.jpg"/><figcaption>Magsaysay Avenue during the Baguio City Lockdown on April 15, 2020. <em>Jonathan Cellona, ABS-CBN News</em></figcaption></figure></div><p>MANILA -- The Land Bank of the Philippines said Thursday it distributed P16 billion in cash aid to millions of poor families to help them cope with the COVID-19 lockdown.</p><p>The 3.7 million who received assistance are also beneficiaries of the government&#x27;s conditional cash transfer program, said LandBank President Cecilia Borromeo.</p><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/n-u5vMlyEH8?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>State-run LandBank is also waiving penalties and interest during the lockdown period. Borrowers can apply for longer tenors on their loans, she said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/04/09/20/dswd-chief-says-p100-b-distributed-to-4ps-for-covid-19-crisis-admits-gaps-for-others">DSWD chief says P100-B distributed to 4Ps for COVID-19 crisis, admits gaps for others</a></li>	<li><a href="https://news.abs-cbn.com/business/04/14/20/government-approves-cash-aid-subsidies-for-the-middle-class">Government approves cash aid for small businesses&#x27; workers</a></li></ul>

<p>The Land Bank of the Philippines said Thursday it distributed P16 billion in cash aid to millions of poor families to help them cope with the COVID-19 lockdown.</p>

The Land Bank of the Philippines said Thursday it distributed P16 billion in cash aid to millions of poor families to help them cope with the COVID-19 lockdown.