(From left) AXA Philippines HR director Cathy Holley-Ordona, AXA Philippines CEO in-charge and CFO Gael Lapie, Cropital CEO Ruel Amparo, and Cropital executive secretary Dwayne Salazar.
Insurance provider AXA Philippines partnered with Cropital, a financing and marketing platform for smallholder farmers, to promote inclusive protection and financial literacy. Cropital is a globally recognized organization that aims to support Filipino farmers by helping provide them with a sure market for their produce and giving them access to affordable capital through their Sustainability Fund.
Through this partnership, AXA Philippines has committed to donating a minimum of P100,000 to Cropital’s Sustainability Fund, which can provide loan access and capital to farmers from Cropital’s partner communities. AXA Philippines will also be conducting a financial literacy and savings program for more long-term benefits for the partner farmers.
To date, Cropital has financed 2,276 farmers, supported 47,773 farmers, and registered 62,068 lenders. Their initiatives not only help uplift our local farmers but also contribute to increasing the country’s GDP and promoting sustainability by encouraging more Filipinos to buy locally.
Aside from its donation to the Sustainability Fund, AXA Philippines will also be encouraging its employees to help raise funds by giving them the option to convert their rice allowance benefit and use it to purchase rice from Cropital.
“We have many hardworking farmers across the country that, with the right guidance, can have the opportunity to further secure their livelihood and improve their quality of life,” Gael Lapie, CEO in-charge and chief financial officer, AXA Philippines. “Therefore, we support Cropital’s noble cause to help our local farmers. Through supporting their products and providing financial literacy initiatives, we hope to uplift and provide inclusive protection to more and more Filipinos who are part of the vulnerable population.”
Consumers interested in buying locally sourced produce from Cropital can also visit their e-commerce website.