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+632 522 0000 loc. 2204, 2951, or 2479

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ELIGIBLE PARTNERS AND THEIR CRITERIA

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ELIGIBILITY

The following are the eligible partners of AGFP:

(A.) BANKS

(B.) COOPERATIVES

(C.) CORPORATIONS

  • Satisfactory credit standing with its creditors, if any

 

  • CAMELS rating of at least 3

 

  • Past due ratio net of valuation

 

  • reserve of not more than 15%

 

  • At least two-year track record in lending to farmers

 

  • Capital Adequacy Ratio of at least 10%

 

  • Adequate reserve requirement

 

  • Profitable on the year preceding the application and as of the time of application for guarantee line
  • Registered with Cooperative Development Authority (CDA)

  • Satisfactory credit standing with its creditors, if any

  • Past due ratio net of valuation reserve of not more than 25

  • At least two-year track record in lending to farmers

  • Risk Asset Ratio of not less than 10% (for credit cooperative)

  • Complete part/full time core management tea

  • Profitable on the year preceding the application and as of the time of application for guarantee line.

(D.) Non-Government Organizations (NGOs)

  • Registered with Securities and Exchange Commission (SEC)

  • Past Due Ratio net of valuation reserve, of not more than 25%

  • At least two-year track record in lending to farmers

  • Satisfactory credit standing with its creditors, if any

  • Complete part/full time core management team

  • Net Surplus on the year preceding the application and as of the time of application for guarantee line

(E.) Farmers Organizations (FOs)

  • Registered with registering entity (SEC, NIA, etc.)

  • Operational and with satisfactory credit standing with its creditors, if any or with supervising government agencies/entities such as NIA, DOLE, DAR, etc.

  • Past Due Ratio of net valuation reserve of not more than 25%
  • At least two-year track record in lending to farmers

  • With functioning Board of Directors or its equivalent and presence of core management team (e.g. manager, bookkeeper and treasurer or officially designated officers to manage the lending program)
  • Positive net worth on the year preceding the application and as of the time of application for guarantee line

  • With lending policies and guidelines and with basic recording system (e.g. loan disbursement and collection systems, etc.)

 

OUR ELIGIBLE BORROWERS

SMALL FARMERS

COASTAL FISHERMAN

SMALL FISHERFOLK

Crop Production
-Tillers of not more than 5 hectares.

Poultry/Livestock Production - Poultry or Livestock Raiser of:
-Up to 2,000 layers or 5,000 broilers
-Up to 10 sow level or 50 fatteners
-Up to 50 heads of goat/sheep
-Up to 5 cattle breeders or 10 cattle fatteners
-Up to 10 milking cows

Fishcage Operator
-Owner/operator of fishcage/s with total area of not more than 400 square meters.

Fishpond operator
-Up to 5 hectares

-Up to 3 gross tons fishing boats
-Fishing activities within municipal waters (15 kilometers from shore). .

Engaged in Aquaculture
-Up to 5 hectares

farmers
small fisherman
coastal fisherman