Founded on May 26, 2008. The AGFP is established by virtue of Administrative Order No. 225-A issued by the President on 26 May 2008. The AO stipulates, among others, for the GFIs and GOCCs to allocate and contribute five percent (5%) of their 2007 surplus for projects in palay and food production, and as contribution to the AGFP.
Encouraging Private Financial Institutions (PFIs) and other credit conduits to expand their outreach to palay farmers by providing guarantee coverage to unsecured loans extended by the PFIs and other credit conduits to farmer borrowers engaged in palay and/or other food production projects/activities.
We shall implement a responsive and effective guarantee system to mitigate the risks of agricultural lending and promote financial inclusion of small farmers and fisherfolk.