Under its program, LandBank said it will provide assistance to countryside financial institutions in six regions that declared a state of calamity due to Typhoon Odette.
Dubbed "Rehabilitation and Support to Typhoon Odette-Affected Areas" or CFI-RESTORE Lending Program, the facility provides permanent working capital and capital expenditures. It also includes up to 90% of the sub-borrowers’ agricultural loans, and 85% for non-agricultural loans. It will be payable up to three years for working capital, ten years for capital expenditure, and 10 years for term loan rediscounting.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ship that ran aground during ‘Odette’ catches fire off Mactan IslandCEBU CITY -- A ship that ran aground at the height of Typhoon Odette (international name: Rai) in December 2021 caught fire off Barangay Punta Engaño on Mactan Island early Saturday
Source: inquirerdotnet - 🏆 3. / 86 Read more »
‘Black Mirror’ is finally returning with season 6After a 3-year wait, Netflix's hit dystopian series will finally be back. 👀 BlackMirror hindi na practice dupiano_d Omfg yesssss!!!! But when
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Boom in US public banks aiming to stay local and play fair - BusinessWorld OnlineWASHINGTON — April Fenall wants to electrify and upgrade her fleet of California delivery vehicles, but she thinks her business with a conscience is too small to interest her big bank. “It’s almost like you can see them looking at your bank account and sizing you up,” Ms. Fenall, 50, told the Thomson Reuters Foundation, […]
Source: bworldph - 🏆 9. / 68 Read more »
2 injured as fire hits grounded ship off Lapu-Lapu CityTWO persons were seriously injured when a fire engulfed a grounded passenger vessel Saturday morning off Lapu-Lapu City.The Philippine Coast Guard (PCG) reported that it received a...
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Floods hit parts of Sarangani, Zamboanga CityAt least 200 families were affected by flooding in two barangays in Alabel, Sarangani province, according to a "24 Oras Weekend" report on Saturday. Is sarangani part of Zamboanga City? Sending my prayers🙏🏻
Source: gmanews - 🏆 11. / 68 Read more »
G20 finance chiefs urged to focus on global recovery goals; formal communique unlikelyIndonesian central bank governor Perry Warjiyo says members had held fruitful discussions but that the G20 must deliver concrete results to support the global economy.
Source: rapplerdotcom - 🏆 4. / 86 Read more »