Development Bank of the Philippines extends loan to Laguna duck farm
The Development Bank of the Philippines has extended a loan to a Peking Duck farm in Victoria, Laguna to fund its expansion.
In a statement, DBP said it granted a loan to EJG Mighty Duck Farm Inc. to finance the rehabilitation, improvement, and expansion of its Peking duck farm in Laguna.
With the expansion, the company hopes to triple its production capacity and better meat local demand.
EJG Mighty Duck Farm pioneered duck production in the country and supplies Peking duck to hotels and restaurants in Metro Manila.
According to the DBP, it is an integrated duck farm that develops grandparent and parent stocks, dresses and packages quality duck meat. It presently employs 70 workers but it expects to hire 50 more people with the expansion.
The DBP said EJG Mighty Duck Farm is the most updated duck farm in the country in terms of farm management, technology, bio-security, and environmental protection.