MANILA - The Landbank of the Philippines said Wednesday it has launched a lending program to assist the country's hog industry which was hit hard by African swine fever.
Commercial hog raisers registered as cooperatives or farmer's associations, corporations as well as small and medium enterprises are eligible to avail of the bank's SWINE Lending Program, the state-run lender said. Loans under the program will be used for swine production, including acquisition or importation of semen or breeding animals, feed milling operations, the construction, improvement and retrofitting of facilities, acquisition of fixed assets and as a working capital, the bank said.
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