BORONGAN CITY, Aug. 5 (PIA) -- The municipal government of Can-avid in Eastern Samar signed a P220-M loan agreement with the Land Bank of the Philippines (LBP) to deliver better water service to 2, 360 households in Can-avid town.
Can-avid Mayor Gil Norman Germino and Land Bank Samar Lending Center Head Restituta Ilagan led the loan signing on July 29, 2020.
"The loan is for the construction and upgrading of Can-avid’s water system facilities," said Mayor Norman Gil Germino.
Present too were Can-avid Municipal Accountant Celestino Cabanero, Land Bank Borongan Branch Head Christopher Marco, and Land Bank Samar Lending Center Account Officer Teofrido Lagria.
Germino said that the project will deliver efficient, uninterrupted, and less expensive supply of potable water to more residents in the area, while reducing the incidence of water-borne diseases caused by unsanitary water sources by as much as 80%.
Can-avid’s water system will be upgraded from level II to level III to serve an additional six upstream barangays previously dependent on individual deep well systems.
The enhanced water system will soon benefit a total of 16 barangays covering 2,360 domestic households, 127 institutional establishments, and 190 commercial entities.
The project design also has a provision for future servicing of four additional barangays along the national highway.
“Land Bank has always been a responsive and reliable partner servicing the needs of our municipality, ” said Germino.
“The approval of our new loan will certainly boost the morale of local leaders as it manifests the bank’s confidence in their leadership and serves as an affirmation of the meaningful programs that we undertake,” Can-avid Mayor Germino added.
Land Bank and the municipal government of Can-avid have been development partners since 1992, when the bank first became the depository bank of the LGU.
LBP also granted the Can-avid LGU a P14.92-M term loan in 2007 for farm-to-market roads, which opened access to remote barangays and farm areas, easing the transportation of agricultural products to the market.
In May 2017, LBP Easy Access Facility (LEAF) was also opened in Can-avid located at the Municipal Building ground floor. (PIA E. Samar with Land Bank of the Philippines)
Source: Philippines Information Agency (pia.gov.ph)
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