SVP Maria Agnes J. Angeles discusses Planters Development Bank's microfinance experience and objectives in wholesale lending. In 2006, Plantersbank and Micro Enterprise Bank Davao merged, establishing a microfinance department in 2007. The department offers wholesale microfinance loans to top MFIs nationwide. The objectives are to better serve as a conduit of funds for MFIs, complement rather than compete with existing MFIs, and provide scale-up opportunities for larger MFI clients. Past value chain financing activities include partnerships to support banana farmers, poultry sector, and wholesale lending to rural and microfinancing institutions since 2007.