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The Bank of the Philippines Island (BPI) will aid the country’s poultry producers with the launch of its BPI Agribusiness Solutions, which will offer loans to livestock and poultry producers in Mindanao
BPI executive vice president and corporate banking group head Alfonso Salcedo Jr. has said that he was optimistic about the potential of agribusiness, especially in the coming Asean integration by 2015, where there will be increased demand in the global market.
The program has been directed at aiding livestock and poultry producers in Cagayan de Oro, Bukidnon,
The bank is offering loans to commercial raisers with below six per cent interest for the floating rate and seven per cent for the fixed rate, with a five to six years grace period for commercial poultry raisers.