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Monday, July 1, 2024

Agriculture loan

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Isabela corn farmer Levy Mateo avails of loan from Land Bank of the Philippines with an affordable interest rate of only 2 percent per annum under the Agricultural Competitiveness Enhancement Fund. Under the program, she availed of an initial loan for working capital amounting to P120,000—which has since grown to P600,000—for the purchase of farm inputs such as seedlings and fertilizers.

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