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ACEF

ACEF. A gricultural C ompetitiveness E nhancement F und Lending Program JOSEPH S. CACAL Account Officer, LANDBANK-Isabela Lending Center. Target Borrowers. Individual farmer and fisherfolk Farmers’ and Fisherfolk Cooperatives and Associations

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ACEF

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  1. ACEF Agricultural Competitiveness Enhancement Fund Lending Program JOSEPH S. CACAL Account Officer, LANDBANK-Isabela Lending Center

  2. Target Borrowers • Individual farmer and fisherfolk • Farmers’ and Fisherfolk Cooperatives and Associations • Registered Micro and Small Enterprises (MSEs) Eligible Loan Purpose • Individual Farmer and Fisherfolk • Purchase of farm inputs and equipment or for farm improvement • Farmers’ and Fisherfolk Cooperatives and Associations • Acquisition/establishment of agri-based production and post-production, and processing machineries, equipment and facilities • Registered MSEs • Acquisition/establishment of agri-based production and post-production, and processing machineries, equipment and facilities

  3. Loanable Amount • Individual Farmer and Fisherfolk • Up to ₱1.0 Million per individual borrower • Farmers’ and Fisherfolk Cooperatives and Associations • Up to ₱5.0 Million per project loan per cooperative/ association • Registered MSEs • Up to ₱5.0 Million project loan per MSE Financing Mix 90% : ACEF 10% : Borrower’s Equity Interest Rate (Direct Lending) 2% per annum

  4. Eligibility Requirements • Individual farmer and fisherfolk • With viable project; • No outstanding loan from formal lending institutions for the same project being applied for; and • With marketable surplus of the project or other confirmed sources of repayment • Micro and Small Enterprises • Duly registered with the DTI/ SEC; • No adverse findings on the borrower; • With viable project; and • No outstanding loans from other financial institutions, for the same project being applied for

  5. Eligibility Requirements, cont. • Farmers’ and Fisherfolk Coops and Associations • Duly registered with the CDA/ SEC/ DOLE-BRW; • Operational for at least 6 months; • No adverse findings on the borrower; • With core management team composed of manager, cashier and treasurer or equivalent positions; and • With proven track record (experience, training and preparation of officers and members to implement the proposed project to be financed)

  6. Loan Security • Individual farmer and fisherfolk • Production Combination of the following: • PCIC insurance, if applicable; and • Assignment of expected produce • Acquisition of fixed assets Any or combination of the following: • Chattel mortgage on object of financing • Assignment of expected produce • PCIC Insurance proceeds, if applicable

  7. Loan Security, cont. • Farmers’ and fisherfolk cooperatives and associations • Any or combination of the following: • Chattel mortgage; • Insurance/guarantee proceeds such as PCIC, if applicable • Micro and Small Entrepreneurs • Any or combination of the following: • Chattel mortgage; • Insurance/guarantee proceeds such as PCIC, if applicable The borrower shall be required, if applicable, to secure and renew annually their insurance and guarantee coverage while loan under ACEF is outstanding. The insurance premium shall be charged either as part of borrower’s equity or covered as part of the loan.

  8. Basic Policies

  9. Documentary Requirements • Individual Farmer and Fisherfolk • Loan Application; • General Information Sheet; • Business Plan or Farm Plan and Budget, as applicable; • Sworn affidavit of no outstanding loans from any lending institution for the same project; and • Barangay Clearance

  10. Documentary Requirements, cont. • Micro and Small Enterprise • Loan Application; • General Information Sheet; • DTI/SEC Registration Certificate and current year Business Permit; • Articles of Partnership/incorporation, if applicable; • Bio-Data of owner and/or partner; • Business Plan or Farm Plan and Budget, as applicable; • Sworn affidavit of no outstanding loans from any lending institution for the same project; and • Barangay Clearance

  11. Documentary Requirements, cont. • Farmers’ and Fisherfolk Cooperatives and Associations • Loan application; • General Information Sheet; • Photocopy of Certificate of Registration: • For cooperatives: certificate of registration from the CDA • For associations: Certificate of registration from either DOLE-BRW, SEC and other registering agencies; • Bio-data of incumbent Officers and Board of Directors with ID; • Board Resolution authorizing the Coop/Association to borrow and designating authorized signatories; • Audited Financial Statement for the last year; or, latest interim financial statement for start-up companies; • Business Plan/Consolidated Farm Plan and Budget; and • Current year Business Permit

  12. Application Process Flow *List of requirements and copies of forms are available in the ACEF website/ LBP Lending Centers/ DA Regional Offices

  13. Thank you.

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