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PIA Press Release

Land Bank supports Gensan coffee-shop expansion in Davao

by RG Alama

Davao City (25 September) -- From agricultural plantations to coffee shops the Land Bank of the Philippines is focusing its vision in supporting Small and Medium-scale enterprises particularly in the regions comprising the southern part of Mindanao.

According to Joselito Gutierrez, vice-president and Regional Head of Land Bank for Region XII, the SME loan portfolio for Region XII is estimated at P400-million. Much of the assisted enterprises include agri-related industries and processing.

"We look for SMEs which we can help. It is our mandated sector to assist." Guiterrez said. He was in town for the groundbreaking of the Davao-branch of the Fagioli coffee shop, a popular coffee shop in General Santos City.

"Landbank have been assisting them since 2005, when they put up their first branch." Guiterrez said. The Fagioli Coffee shop was set up by Christine Rebusura for those who wanted a differently pure coffee-drinking experience in General Santos City. The coffee shop became a instant hit for its coffee, elegant ambience, convenient location and wi-fi connections.

Gutierrez said that their support for Fagioli would also redound as a support to improve the lives of coffee growers particularly in the Socsargen region. The second Fagioli branch which will rise beside the R.S. Autosphere showroom (Kia Motors) is an entrepreneurial endeavor which is also supported by Land Bank.

Present during the groundbreaking were Land Bank officials led by Executive Vice-President Wilfredo Malvia Land Bank Sector Head and First VP Delia Ladao.

According to Oscar Rebusura of Fagiolo, the coffee shop will soon open by October and is ready to service Davaoeños, especially those who want pure coffee experience. Rebusura said that Fagioli is different that it offers strictly coffee and will not be serving beer and other liquor.

He said that the beer-less coffee shop aims to offers a perfect coffee shop ambience. We offer specially roasted coffee beans, our coffee-maker is the top-of-the-line Rancillo brand considered as the Rolls-Royce of Coffee-makers. It has an indoor capacity of 50 seats and an al-freco area good for 20 people.

Fagioli, which means coffee beans in Italian, will feature its Fudge-o-malt specialty and other specially prepared coffee concoctions. The establishment is an elegantly designed glass-enclosed shop soothed with a Bose piped-in music system plus the area is a wif-fi hotspot. Rebusura said that Fagioli is rightfully located in the middle of the booming Lanang district which hosts several private offices, car showrooms and IT parks. (PIA XI) [top]

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