BSP RENEWS ACCREDITATION OF RANG-AY BANK AS RFI

The Bangko Sentral ng Pilipinas (BSP) once again renewed the accreditation of Rang-ay Bank as Rural Financial Institution (RFI) last June 17, 2021. Rang-ay Bank was reaccredited as it complied with the requirements for the purpose of implementing the Agri-Agra Reform Credit act of 2009 (RA 10000).

Rang-ay Bank actively finances Agri-Businesses such as rice- millers, vegetable haulers, contract growers, warehouse operators, agri-suppliers, and bamboo growers all over the region. Agri-entrepreneurs may apply for start-up capital, additional working capital, or expansion of existing agri-business. The bank also provides collateral-free farmer’s loans to small-scale cultivators, farmers, tenants, or leaseholders. The program also covers backyard or cottage poultry projects such as livestock and fishery projects, planting of rice, corn, vegetables, and other food crops.