Vegetable Marketing Organization Loan Fund

Vegetable Marketing Organization Loan Fund (VMOLF) in Hong Kong is a financial assistance program established in 1953 under the Agricultural Products (Marketing) Ordinance. It was created using $200,000 from the Vegetable Marketing Organization's trading surplus to support local crop farmers in agricultural production and development.

Objectives:

• To provide financial support to local crop farmers for agricultural production and development.
• To promote sustainable agricultural practices and enhance the productivity of local farming.

Target Beneficiaries:

• Local crop farmers engaged in agricultural production within Hong Kong.

Key Features:

• Loans are granted specifically to local crop farmers.
• The fund is managed by the Vegetable Marketing Organization.
• In the fiscal year 2024-25, 27 loans totaling $2,350,000 were issued, indicating active support to the farming community.
• The fund aims to assist farmers in improving their agricultural operations and development.

Application Process:

• Interested farmers can apply by submitting the Vegetable Marketing Organization Loan Fund Application Form, available in Chinese.
• The application form and a letter of guarantee (also in Chinese) are required.
• Application forms can be downloaded from the official website or submitted via an e-Form online.
• For inquiries and submission, applicants can contact the Agricultural Extension Office or the Vegetable Marketing Organization at their respective addresses and phone numbers provided.

Contact Information:

• Agricultural Extension Office: 5/F, Yuen Long Government Offices, Tai Kiu Market, Yuen Long, N.T. Tel: 2476 2424
• Vegetable Marketing Organization: 2/F, Cheung Sha Wan Wholesale Vegetable Market, 757 Lai Chi Kok Road, Kowloon. Tel: 2729 6828

This loan fund plays a crucial role in supporting the agricultural sector in Hong Kong by providing necessary financial resources to local farmers for their production and development needs.