LOANS extended by the Quedan and Rural Credit Guarantee Corp. (Quedancor) to rural borrowers went up by 73 percent year on year in the first seven months of 2004.

In a statement, Luis P. Lorenzo Jr., Quedancor chair, said the credit firm released P2.6 billion in loans and guarantee assistance to 200,000 farmers, fishers, retailers, millers and agricultural entrepreneurs from January to July this year.

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