LAND BANK OF THE PHILIPPINES

LENDING PROGRAM MANAGEMENT GROUP

Agricultural
and Fisheries
Financing
Program
(AFFP)
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

SFF lack access to formal credit
Pursuant to General Appropriations Act
of 2013
LANDBANK and DA-ACPC forged a
partnership
RATIONALE
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

OBJECTIVES
Increase access to financing of SFF
Enhance the capacity, competitiveness and
earning potential of SFFs
Provide credit enhancements and support
services such as, technical assistance,
marketing support and crop insurance

LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

1. Abra
2. Apayao
3. Ifugao
4. Kalinga
5. Masbate
6. Romblon



COVERAGE

And other provinces which may be agreed upon
between LANDBANK and PCFC


LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

The DA-ACPC provided an overall fund of P1
billion
Of the Php 1 Billion, Php 550 Million shall be
administered by LANDBANK while Php 450
Million shall be administered by PCFC
PROGRAM FUND
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

GENERAL POLICIES
Loan application fee shall be waived
Borrowers shall be exempt from CIBI except for those
who disclose that they are involved in any court
cases or that they have past due loans
Borrowers whose age will be more than 60 years by
the end of the term of the loan shall require a
younger co-maker
Past due loans can only be restructured once
Incentives shall be given to the service conduit
whose members have good repayment records

LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

TARGET BORROWERS

Non-ARB Small Farmers and Small Fisherfolk
(NASFSF) registered in the RSBSA
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

Who are the small farmers?
Those cultivating not more than five (5) hectares of
land and/or are engaged as small poultry/livestock
raisers defined as those raising not more than the
following:
- poultry (1,000 poultry layers or 5,000 broilers)
- swine (10 sow level or 20 fatteners)
- cattle (10 fatteners or 5 breeders)
- dairy (10 milking cows)
- goat (50 heads)

LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

Who are the small fisherfolk?

those operating fishing vessels of not more than three tons
capacity;
those operating fishponds of less than five hectares or fish
cages of less than 400 square meters;
fish workers in fishing boats, fishponds, or fish processing
establishments; or
Any other individuals who are engaged in small scale fish
production, processing, and distribution.

LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

ELIGIBILITY CRITERIA

Farmers/Fishers Organizations duly registered with CDA or
SEC (If not yet registered, they should register while the loan
applications of its members are being processed)
Operating in priority areas
With NASFSF members
Other criteria as may be set by DA-ACPC


For Service Conduit
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

ELIGIBILITY CRITERIA
For Individual Borrowers
Non-ARB small farmers and small fisherfolk
Member of a service conduit or known to the
service conduit (if not yet a member)
Registered in the RSBSA
With viable project whose net income is
enough to pay the loan amortizations
No outstanding loan for the same project
being applied for



LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

ELIGIBLE PROJECTS
Production, processing and trading of priority
commodities of the Department of Agriculture
such as, but not limited to, coconut, fishery,
and high value crops, other than palay


LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

LOANABLE AMOUNT
Based on the credit requirement of the project
but not to exceed 80% of the project cost.
Loan cap is P 300,000 per borrower which can
finance up to three (3) various projects,
simultaneously.
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

LOAN TENOR
Based on the crop/operating/project cycle
Based on estimated remaining useful life of
fixed assets/ equipment acquired, but not to
exceed 5 years
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

INTEREST RATE
Fifteen percent (15%) per annum
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

MODE OF PAYMENT
Based on cash flow of the project which can
be quarterly, semi-annually or annually
LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

LOAN SECURITY
Deed of Assignment of Promissory Notes
Deed of Assignment of crop insurance
proceeds/proceeds of market contracts
Chattel mortgage on object of financing (if
any)

LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

Basic Documentary Requirements
1. Photocopy of Registration Certificate, Articles of
Cooperation/Incorporation and Constitution/By-Laws (for
and to be submitted by the Service Conduit)
2. Endorsement letter from the DA designated endorser
agency/unit (DA-RFU/BFAR/PCA) of eligible Service
Conduit
3. Endorsement letter from Service Conduit of its members
with certification that ; a) its members are non-ARBs or
known to the Service Conduit (if not yet a member) and b)
they have no outstanding loan with any financing
institutions for the same project being applied for
4. Copy of Purchase Order/Marketing Agreement with buyers
5. Farm Plan and Budget (if applicable);
6. Business Plan (if applicable).

LAND BANK OF THE PHILIPPINES
LENDING PROGRAM MANAGEMENT GROUP

Thank you!