Laguna Governor Teresita “Ningning” S. Lazaro and Land Bank of the Philippines (LBP) Asst. Vice-Pres. Mauricio C. Feliciano lead the signing of the Memorandum of Agreement (MOA) between the Provincial Government of Laguna and LBP on the implementation of the Cooperative Livelihood Assistance Program – LBP Tie-up (CLAP-LBP Tie-Up) that is a program that will provide financial and technical assistance to Laguna cooperatives.

     The signing was held during the Third Laguna Cooperative Congress at the Laguna Cultural Center, Provincial Capitol, in Sta. Cruz, Laguna last December 05, 2006 with the theme, “Coop-LGU Partnership: Towards a Unified Direction.” This also signals the beginning and new hope for the cooperatives of the province as the Provincial Government of Laguna joined hands with LBP, which is considered the leading government financing institution, in the delivery of financial and technical services to the sector.

     Requesting for financial assistance from the Provincial Government through the CLAP-LBP Tie-up, the Board Resolutions from the Kooperatiba, Asosyon, Pangkabuhayn, Industriya at Teknolohiya (KAPIT) MPC. Laguan MPC and Palasan MPC were submitted also during the congress. And Gov. Lazaro has committed P5 Million to the program this year and further pledged to provide an additional P5 Million next year. # (SLO/PIO-Laguna)