Agriculture loans covered by Philippine Guarantee Corp. (PhilGuarantee) reached P3.5 billion in the first half, the state-owned firm said, already 95 percent of the P3.7-billon target for 2021.

The loans guaranteed through partner lending institutions (PLIs) benefited 35,360 farmers and fisherfolk, PhilGuarantee President and CEO Alberto Pascual said in a report to Finance Secretary and PhilGuarantee chairman Carlos Dominguez III.

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