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DBP approves loan assistance to JMP Farms

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State-owned Development Bank of the Philippines (DBP) has granted a 10-year term loan worth P61-million to JMP Farms, an agricultural firm based in Cuyapo, Nueva Ecija and one of the broiler contract growers of food and beverage giant, San Miguel Corporation.  Loan proceeds will be used for the construction of three poultry buildings which can accommodate up to 36,000 birds, acquisition of poultry equipment including climate control/ feeding and drinking/ brooding systems, and other support facilities. Present during the loan signing agreement at the DBP Head Office in Makati City were (from left) celebrity couple and JMP Farms owners’ Danica Anna Sotto-Pingris and Jean Marc Pingris, DBP Executive Vice President Jose Gabino L. Dimayuga and DBP First Vice President Daniel M. Gonzales.

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