Landbank hikes agri spending to P45.4 B
MANILA, Philippines – Small farmers, fishermen, agrarian reform beneficiaries and micro enterprises received P45.4 billion in loans from the state-owned Land Bank of the Philippines last year.
The agribusiness loans extended by Landbank in 2015 represented a 65 percent increase from the P27.5 billion given out a year earlier.
Loans for the agribusiness sector accounted for 10.4 percent of LandBank’s P434.8 million in total loans to various sectors.
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