QUEDAN RURAL CREDIT GUARANTEE CORPORATION (QUEDANCOR) AVAILABLE LENDING PROGRAMS (2000)

PROGRAM

T E R M S   A N D    C O N D I T I O N S             

AREAS OF IMPLEMENTATION

ELIGIBLE BORROWERS

PURPOSE

LOANABLE

AMOUNT

SECURITY
ARRANGEMENT

LOAN
TERM

INTEREST
RATE

SERVICE
FEE

1.  Fisherfolk Integrated Livelihood Program (FILP)

Nationwide

Fisherfolk

To finance livelihood projects

P.20M

JSS/Hold-out

Max. of 5 yrs.

8%-10% p.a.

2.5% of the loan amount per annum

2.  Poverty  Alleviation Fund Direct Assistance to Farmers

Depressed Municipalities in Luzon, Visayas & Mindanao

Farmers/Fisherfolk/ Coops/NGOs

Special credit window for individual farmers, credit guarantee and housing fund for calamity victims in identified municipalities

Based on provincial allocation

JSS

Special credit: Max. of 5 yrs Housing: Max of. 3 yrs.

8% p.a.

3.  Coordinates Agricultural Marketing and Production

 Nationwide

Farmers/Sole Proprietors/Coops/ Partnerships/ Corporations

To finance agri projects/acquisition of farm level agri-machineries and equipment

SGM: P5M GCFM/SWM P2M

RE/CM/Assigment of gov't. bonds/securities, comm'l. shares of stock or bank deposits/ placements.

Maximum of 3 years.

SGM: Bank note GCFM/SWM: 14% per annum   

2.5% p.a. of the outstanding principal

4.  Agri-Aqua Inventory Management (AIM)

Nationwide

Processors/Millers/ Wholesalers

Financing for agri-aqua commodities stored in bonded warehouses

Stock inventory

Palay: 180 days Corn:   90 days Vegetables: 180days

Bank rate

5.  CARP-Barangay Marketing Center

Key Grain Areas

Primary coops under  DAR's Agrarian Reform Communities

For the construction/expansion/ acquisition of warehouse, solar dryer, ride mill, corn sheller and/or truck and marketing of grains/non-grains

P1.75M

Real Estate  Mortgage

Maximum  of 8 years

12% p.a.

6.  Farm Level Grains Center

Key Grains Areas

Cooperatives located in DA-KGAs

For the construction/expansion/acquisition of warehouse, solar dryer, rice mill, corn sheller and/or truck and marketing of grains/non-grains

P1.30M

Real Estate Mortgage

Maximum of 5 years

14% p.a.

7.  Food and Agricultural Retail Enterprise

Nationwide

Farmers/Sole Proprietors/Partnership/ Corps.

Additional working capital/expansion of business operation

SWM: P2.0M GCFM/SGM: P3 M

REM/Assignment of Quedancor shares of stock/Cert. Of time deposits/placements

Below P1 M maximum of 1 yr. P1M-P3M maximum of 2 yrs.

Monthly: 16% p.a. Quarterly: 18% p.a. (based on present value of annuity for loans with term exceeding 1 yr.

1 year loan term 2.5% of loan amt.

2 yrs loan term 2.5% p.a.of the outstanding principal

8.  Agrikulturang MakaMASA for Sugar Farm Modernization  *

Nationwide

Sugar farmers/planters endorsed by SRA

To finance the purchase of tractor/ implements

P250,000 and above

10% - farmer's cash  equity

50% - CM on purchased tractor/implement

40% - any combination of REM, CM,assignment of gov't bonds/securities, commercial shares of stock of bank deposit/placements

1-5 yrs.  to be determined by the lending bank

Bank rate

9.  Agrikulturang MakaMASA

    Financing for High Value

   Crops Program

 Nationwide

Farmers/Sole Propietors/Coops/Partne rships/Corps./LGUs/FPO

To finance projects on agri. production, processing, mktg., acquisition of prod. & post prod.  facilities or joint venture involving hihg value crops.

For conduit:P500,000 and above Lending to  farmers: P100,000

REM/CM/Assignment of gov't. bonds, securities/comm'l. shares of stock or bank deposits/placements/co-m akers/hold-outs/JSS/IRA

Prod'n. loans: 2-12 yrs. Depending on cash flow and crop gestation. Mktg. Loans:max. of 5 yrs.Add'l. working capital: max. of 3 yrs.

SGM: Bank rate GCFM/SWM: for conduit - 8% p.a.
- lending ot farmers 12% p.a. (based on present value of annuity)

2.5% p.a. of the outstanding principal

10.  Agrikulturang MakaMASA - Local Government Units

 Nationwide

Local Government Units

On-Lending

P500,000 & above

Internal Revenue Allotment (IRA)

Max. of 3 yrs.

6% p.a.

2.5 % p.a. of the outstanding principal

11.  Agrikulturang MakaMASA Financinf For Rice and Corn-Based Farming System

 Nationwide

Farmers/Sole Prop./ Coops/Partnerships/ Corp./LGUs/FPOs/ People's Org./RFIs

To finance projects on prod'n. of  palay and corn and its inter/relay/ rotation crops, working capital for value adding/processing/marketing & the acquisition/construction of prod.  & post-production facilities, machineries and equipment

For conduit: P500,000.00 Lending to farmers: P100,000  and above

REM/CM/Assignment of gov't. bonds securities/comm'l. shares of stocks or bank deposits/placements/co-m akers/hold-our/JSS/IRA

Production:Max. of 1 year.Marketing/ Processing: Max. of 3 yrs. Acquisition of facilities & equipment: Max. of 3 yrs.

SGM: Bank rate GCFM/SWM: for conduit - 8% p.a. (Based on present value of annuity) - lending to farmers 12% p.a.

2.5% p.a. of the outstandingprincipal

a.  Agrikulturang MakaMASA Rice and Corn - Rice Techno-Demo and Techno Binhi 100

78 provinces from Regions 1-12, including CARAGA ARMM And CAR

Self-help group/RBs/ CRBs/FPOs/LGUs

To finance the acquisition of production inputs

Max. of P4,000 par hectate

JSS/Hold-out

For lending conduit: 200 days Beneficiaries to lending conduit: 185 days

For conduit: 8% p.a. SWM : 12% p.a.

2.5% p.a.

b.  Agrikulturang MakaMASA FARE*

c. Agrikulturang MakaMASA CAMP**

d. Agrikulturang MakaMASA AIM***

1_/ Subject to the release by DA of the P110 M fund for Sugar Modernization
Shall follow the same terms and conditions for:
*   FARE
**  CAMP
*** AIM