Danamon loans for farmers

JAKARTA (JP): Bank Danamon agreed yesterday to provide 61 chicken farmers with Rp 21.35 billion (US$8.72 million) credit.

The bank, through PT Sumber Subur, will lend Rp 350 million to each of the 61 farmers.

PT Sumber Subur, as the chicken farmers' nucleus breeding farm, will have to build 11 broiler chicken farming areas.

Each area will contain five farmers, and one laying pullets farm for six farmers. Each farm will be on eight hectares.

The broiler farms will be in West Java, South Sumatra, and Lampung, and the laying pullets farm in Lampung.

The bank said it expected each farm to generate Rp 10.4 billion in income a cycle. (das)