The Land Bank of the Philippines (LBP) announced last week it loaned the T’Boli Farm Growers Multi-Purpose Co-operative P224 million to expand the cooperative’s production of pineapples and pineapple fibers.
THE Land Bank of the Philippines announced last week it loaned the T’Boli Farm Growers Multi-Purpose Co-operative P224 million to expand the cooperative’s production of pineapples and pineapple fibers.
The state lender said the bulk of the loan is expected to augment the co-op’s working capital requirements. About P34 million would go to buying farm tractors, service vehicles, trucks and a backhoe loader and post-harvest facilities for hauling and land preparation, the LBP said in a statement. It added the remaining P10 million will be used to increase the volume of pineapple fibers that the co-op is exporting to the United Kingdom.
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