DBP extends micro-agri financing in Region 1
STATE-RUN Development Bank of the Philippines granted a P20-million loan to Sta. Cruz Savings and Development Cooperative (SACDECO) to allow the latter to extend loans to micro-agricultural entrepreneurs in Northern Luzon.
In a statement on Friday, DBP said it extended a P20-million to SACDECO under its Agriculture Credit Policy Council-DBP Cooperative Agricultural Lending Program Facility.
"Through this credit facility, the bank aims to provide loan financing to viable cooperatives and stable cooperative banks extending agricultural loans to eligible borrowers," DBP said in the statement.
SACDECO is a cooperative in Region I who provides financing for the micro-agricultural entrepreneurs such as farmers and fisherfolk in Northern Luzon that includes provinces of Ilocos Norte, Ilocos Sur, La Union, and Pangasinan, with its head office located in Sta. Cruz, Ilocos Sur.
It has six branches located at the towns of Santa and Santiago in Ilocos Sur; Bangar and Bacnotan in La Union; and Villasis and Asignan in Pangasinan.
ACPC-DBP cooperative agricultural lending facility focused on lending to cooperative banks and cooperatives extending agricultural loans to small farmers and fisherfolk.
"Through this credit facility, the bank aims to provide loan financing to viable cooperatives and stable cooperative banks extending agricultural loans to eligible borrowers," DBP said in the statement.
SACDECO is a cooperative in Region I who provides financing for the micro-agricultural entrepreneurs such as farmers and fisherfolk in Northern Luzon that includes provinces of Ilocos Norte, Ilocos Sur, La Union, and Pangasinan, with its head office located in Sta. Cruz, Ilocos Sur.
It has six branches located at the towns of Santa and Santiago in Ilocos Sur; Bangar and Bacnotan in La Union; and Villasis and Asignan in Pangasinan.
ACPC-DBP cooperative agricultural lending facility focused on lending to cooperative banks and cooperatives extending agricultural loans to small farmers and fisherfolk.
-- --------------------------------------------- CARLOS ANI - SEEDFINANCE Corporation - http://www.seedfinance.net Email: carlosani@seedfinance.net Landline Phones: +63495010127 and +63495762924 Cellphone: +639152919580 DEVJOBS - http://www.devjobsmail.com PHILDEVFINANCE - http://phildevfinance.posterous.com CONSULTING - http://www.carlosani.com My News Clippings - http://www.myclipps.posterous.com Family website: http://www.anifamily.net ------------------------------------------
