Egypt: LE Seven Billion in Loans for Strategic Crops
6 December 2012
The Principal Bank for Development and Agricultural Credit decided to earmark LE 7 billion in loans for the farmers who grow staples such as cotton, wheat and corn at an interest of about 5%.
The Bank's Board Chairman Mohsen al-Batran said that loans will be paid for the farmers 48 hours after submitting an application for the loan.
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