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AGRICULTURAL CREDIT

Sector: Raw Materials • Location: Philippines

Source: World Bank Group

Project
Closed

The Central Bank would relend the proceeds of the loan (except for a small amount for evaluation study) to participating banks. These would in turn relend the money to farmers and rural entrepreneurs at an interest rate of 12% per annum and on terms ranging from four to ten years with appropriate period of grace to finance investment in farm mechanization, on-farm transportation, farm support faci

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Project Information

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The project “AGRICULTURAL CREDIT” is an infrastructure initiative in the Raw Materials sector, located in Philippines. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Company

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Status

Original status

closed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

The Central Bank would relend the proceeds of the loan (except for a small amount for evaluation study) to participating banks. These would in turn relend the money to farmers and rural entrepreneurs at an interest rate of 12% per annum and on terms ranging from four to ten years with appropriate period of grace to finance investment in farm mechanization, on-farm transportation, farm support facilities and equipment, coastal and inland fisheries, small-scale livestock development and cottage-scale agro-industry. The project would include finance for a study by a group of qualified local experts to review progress and assess the economic and financial impact of the first, second and third loan.

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Budget

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Location

Region

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State

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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