During a five-year period from 2006 to 2010, the Film Development Council of the Philippines extended loans through its Film Fund to 13 film projects that amounted to P43,197,008.
A status report on the Film Fund loans revealed that a balance of P18,367,158 is still unpaid as of January 21, 2011.
The Film Fund has a revolving fund of P25 million as of the year 2006.
The 13 films granted loans were the following:
Your FEEDBACK can be posted at www.filmacademyphil.org/forum/