Programming :: Bash Variable Parsing / Extract And Put Into Variables Each Combination Of F1 And F2 In A Loop?

I have a bash variable where the content looks like this where ;f1; and ;f2; are delimiters:
;f1;field1value1;f2;field2 value1 ;f1;field1value2;f2;field2 value2 ;f1;field1value3;f2;field2 value3

So what I need is to extract and put into variables each combination of f1 and f2 in a loop to something like that:

#first pass of the loop I need:
f1=field1value1
f2=field2 value1

#second pass of the loop I need:
f1=field1value2
f2=field2 value2

# third pass of the loop I need:
f1=field1value3
f2=field2 value3