QUEDANCOR PROGRAM FOR FOOD AND AGRICULTURAL RETAIL ENTERPRISES (FARE)
National Administrative Register [ QRCGC CIRCULAR NO. 106, S. OF 2000, July 01, 2000 ]
Circular No. 089, Series of 1998 as amended by Circular No. 095 and
104, Series of 1999, is hereby further amended with respect to the
following:
104, Series of 1999, is hereby further amended with respect to the
following:
x x x
6. STATEMENT OF POLICIES
x x x
6.6 Mode and Term of Payment
Loans below P0.5M shall be payable within a maximum of one (1) year in fixed monthly or quarterly amortization. Loans from P0.5M to P3M may be allowed a maximum term of three (3) years and shall be paid in fixed monthly or quarterly amortization.
For SGM, the mode of payment shall be at the discretion of the bank.
x x x
EFFECTIVITY
This Circular shall take effect immediately.
Adopted: 01 July 2000
(SGD.) GALO B. GARCHITORENA
President & CEO