In contrast with the MADB that essentially acts as a channel for government funds and subsidies, the MOLFB is independent. In 2009-10, the MADB disbursed USD 106.2 million of loans, nearly 10 times the 1995 level (Table 9.13). In 2011-12, as of February 2012, loans reached USD 407.5 million (MOAI, 2012b).