DEVELOPMENT BANK OF THE PHILIPPINES AGRICULTURAL PRODUCTION AND FOOD SECURITY FINANCING PROGRAM

FINANCING PROGRAM

ELIGIBLE BORROWERS

COVERAGE

ELIGIBLE PURPOSES

LOAN AMOUNT

EQUITY REQUIREMENT

COLLATERAL REQUIREMENTS

INTEREST RATE

REPAYMENT

1. High Value crops dev't financing

Individuals, partnership corporations duly registered with the SEC w/ Filipino capital.

Areas identified by the Dept. of Agriculture (DA) as suitable to viable high value crops.

Expansion of existing plantation of both long and short gestating crops; planting/ replanting of existing titled lands;expansion of existing nurseries to supply demand for planting materials.

Up to 80% of total increment cost; subject to other criteria such as viablity, equity and collateral value.

At least 20% of incremen-tal project cost.00

Real Estate Mortgage  (REM), Chattel Mortgage (CHM), Guarantee Fund for Small & Medium Enterprises (GFSME)/Joint & Several Signature (JSS) of principal officers/ Quedancor guarantee/ other acceptable collaterals.

Prime rate, fixed plus 1% annual service fee.

Based on project cash flow but not more than 15 years including maximm grace period of seven (7) years.

2. Cattle breeding financing

Individuals, CDA-registered coops, or corporations with at least 60% Filipino capital engaged in cattle raising for at last 5 yrs. w/ minimum of 20 existing breeding cows.

Provinces ideal for cattle- breeding and raising.

Purchase of breeding stock, pasture develop- ment, machinery and equipmentcivil works.

  same as above.

same as above.

same as above.

same as above.

Based on project cash flow but not more than 15 years including maximum grace period of three (3) years.