ACEF loan is now accessible through LandBank
Agriculture Secretary Emmanuel Piñol said the Agricultural Competitiveness Enhancement Fund (ACEF) loaning program for agriculture and fisheries is now accesible through the Land Bank of the Philippines.
Under the guidelines of the program, individual agriculture or fisheries stakeholders could borrow as much as P1 million each while associations and cooperatives a maximum of P5 million.
The interest rate is pegged at 2 percent per year.
The loan program covers agriculture and fisheries production and equipment and machinery.
“Those interested to access this loan fund are advised to contact the nearest Land Bank Lending Center,” Piñol further said.