LANDBANK farm lending program approves P17.8B in loans in first 10 months - BusinessWorld Online

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LANDBANK farm lending program approves P17.8B in loans in first 10 months - BusinessWorld Online
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Land Bank of the Philippines (LANDBANK) said one of its financing programs for farmers approved P17.8 billion worth of loans as of the end of October to 1,245 borrowers, against the year-earlier total of P17.4 billion to 1,220 borrowers. READ:

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Sulong Saka is available to individual smallholder farmers, small and medium enterprises, cooperatives, farmer associations and organizations, large agribusiness enterprises and corporations, local government units, non-government organizations , and countryside financial institutions. RAPID, offered in partnership with the DTI and supported by the International Fund for Agricultural Development, offers loans to develop new plantations; replant, rejuvenate, and rehabilitate old trees; establish nursery gardens; support post-harvest activities; and finance processing, manufacturing, packaging, storage, and trading activities.

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