Circular 117, as amended by Circular 206, is hereby further amended with respect to the following items:

 

X X X X

 

6. Statement of Policies

 

6.1 Loan Purpose

 

To Provide credit and guarantee for the acquisition and manufacture or fabrication of appropriate machines, equipment and implements by farmers, fisherfolk, agrifishery workers and agri-fishery enterprises, including their organizations (e.g. cooperative/federation/people ™s organization).

 

X X X X

 

6.5 Loanable Amount

 

Depends upon the acquisition, manufacturing or fabrication cost of the agri-fishery machinery/implement/structure.

 

X X X X

10. EFFECTIVITY

This Circular shall take effect immediately.

Adopted: 15 July 2005

(SGD.) NELSON C. BUENAFLOR
President and CEO