AGFP guarantees P5.21-billion agriculture loans
The Agricultural Guarantee Fund Pool (AGFP) of the Department of Agriculture (DA) has provided guarantee coverage for nearly P5.21 billion in agricultural loans last year, according to the Agricultural Credit Policy Council (ACPC).
ACPC Executive Director Jovita M. Corpuz said in her presentation that the loans were extended by 101 participating financial institutions to 105,007 farmer-beneficiaries in 2015.
Since its launch in 2008, Corpuz said the AGFP has been able to provide guarantee coverage for P31.1 billion in loans given out by participating financial institutions to more than 745,000 small agricultural producers.
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