Home      Contact Us
www.devbnkphl.com
Login to
 

     Development Financing        Products and Services        Press Room      PGS   About DBP      Opportunities 
  DBP Forest project in Iloilo reaps benefits for host community
December 23, 2011

The reforestation project of state-owned Development Bank of the Philippines (DBP) in Lambunao, Iloilo has started to provide livelihood opportunities to the residents of its host community six years after its launch.

DBP president & chief executive officer Francisco F. Del Rosario, Jr. said that the DBP Forest project covering 500 hectares inside the satellite campus of West Visayas State University (WVSU) has reaped fruit-bearing trees such as durian, rambutan, lanzones, pomelo, tamarind and mangosteen. He added that more fruit-bearing tree and forest trees such as narra, mahogany, rain tree, acacia, ilang-ilang, bamboo, and kakawate are expected to yield fruits three to five years from now.

Del Rosario also said that 70 poor families are benefiting from a college scholarship program called the Progress through Economics, Socio-cultural and Agro-forestry Cooperation Extension and Development Program (PEACE) which gives farmers the opportunity to send a child to school in exchange for their work in planting trees and cultivating a portion of the reforestation project. He added that 34 Forestry students, who are scholars under the DBP Endowment for Education Program (DEEP), are also working at the forest site.

Conceived after the tragic flash floods that damaged Quezon province in 2004, the DBP Forest project was designed to help prevent similar calamities by restoring the country’s forest cover. It is also aimed at promoting livelihood opportunities for residents of host communities by planting high value fruit and forest trees. Funding for the program came from a seed fund from the KfW Interest Differential Fund and contributions from DBP borrowers.

Del Rosario said that to date, the DBP Forest project covers more than 6,000 hectares scattered in 36 sites. Of this number, 21 are upland areas covering more than 5,600 hectares, while 15 are coastal reforestation sites. Twenty of the 36 project sites are situated in Luzon, seven are in the Visayas, while another seven are in Mindanao. DBP partnered with different people’s organizations, local government units, and state universities in establishing these forest projects.

In 2006, the DBP Forest program earned the Most Outstanding Environmental Development Project award from the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).

Forestry students enrolled at the West Visayas State University make their way to the DBP Forest Project site in Lambunao, Iloilo. These students are also scholars under the DBP Endowment for Education Program.

 
NEWS UPDATES
 

DBP Explains Capital Management Measures
May 28, 2015

DBP Launches Trust Fund for Private Institutions
May 28, 2015

DBP bags international awards
May 26, 2015

DBP assists new hospital in Kawit, Cavite
May 22, 2015

DBP Net Income Rises 36% to P1 Billion in 1st Quarter 2015
May 12, 2015

DBP receives Silver Governance Trailblazer Award, Achieves PGS Proficiency Status
May 08, 2015

DBP grants P78.723-M for Naga water district
April 28, 2015

DBP grants P245-M for environment projects in El Nido, Palawan
March 12, 2015

DBP Wins in Philippine Quill Awards 2014
March 12, 2015

DBP Posts P4.6-Billion Profits in 2014
March 04, 2015

 
NEWS ARCHIVES
 
 
2010 All Rights Reserved Development Bank of the Philippines