Fong Kuk Fa

“Fong Kuk Fa” literally means “Paddy loan”, which was a short-term loan for paddy farmers. “Paddy loans” were needed because between planting and harvest time, farmers had an arduous three and a half month toil without income. In order to finance their farming needs and to make ends meet, farmers would borrow money at planting time and repay the loan at harvest time.

Fong Kuk Fa “Fong Kuk Fa” literally means “Paddy loan”, which was a short-term loan for paddy farmers. “Paddy loans” were needed because between planting and harvest time, farmers had an arduous three and a half month toil without income. In order to finance their farming needs and to make ends meet, farmers would borrow money at planting time and repay the loan at harvest time. Share