In a significant move to provide financial support to its employees, the Southern Philippines Agri-Business and Marine and Aquatic School of Technology (SPAMAST) and the Land Bank of the Philippines (LBP) Malita Branch entered into a Memorandum of Agreement (MOA) for the Salary Loan Facility. The formal signing ceremony took place on August 8, 2024, at the SPAMAST Auditorium at 2:00 PM.
The MOA was signed by SPAMAST President Dr. Lynette A. Bontia and Mr. Ronald H. Baldeo, Branch Manager of LBP Malita. This partnership aims to offer SPAMAST regular employees easy access to salary loans, ensuring financial stability and support for their personal and professional needs.
During the ceremony, Mr. Baldeo presented the various products and services offered by Land Bank, highlighting the benefits and features of the salary loan facility. The event was attended by SPAMAST’s regular employees, who showed keen interest in the new financial opportunities provided through this collaboration.
Dr. Bontia expressed her enthusiasm about the partnership, stating that this agreement with Land Bank is a testament to the college’s commitment in supporting employees’ financial well-being. She also emphasized the importance of financial literacy, noting that educating employees on financial matters is essential for them to make informed decisions and responsibly manage their loan opportunities.
The collaboration between SPAMAST and LBP Malita is expected to bolster employee morale and contribute to the overall development of the institution. The salary loan facility is set to provide immediate financial relief, enabling employees to manage their financial obligations more effectively.
This initiative marks a significant milestone in SPAMAST’s efforts to enhance employee welfare and underscores the institution’s dedication to creating a supportive and empowering environment for its staff.
