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Accelerating Change in the Countryside Thru Equity Sharing Strategy (ACCESS)

Program Title:   Accelerating Change in the Countryside Thru Equity Sharing Strategy (ACCESS)

Program Objective: To catalyze countryside development by promoting livelihood and rural employment, and by priming up local agri-related and off-farm economic projects to raise productivity and income in priority areas of the country.

Program Components:

• Equity Investment
• Provision of Professional Management Team
• Technology Transfer and Marketing Assistance
• Equity Divestment

Eligible Partners:

• Cooperatives/Federations;
• Farmers and Fisherfolk;
• Non-Government Organizations (NGOs);
• Private Entrepreneurs;
• Local Government Units (LGUs); and
• Other interested investors.
• Partners should have no adverse CI/BI reports.

Eligibility Requirements:

• Agri-related and off-farm economic projects;
• Located outside National Capital Region (NCR) and Metro Cebu; however, projects located inside the mentioned areas may be considered if raw materials are sourced from outside the said places.
• IRR of at least 12%
• At least four stockholders (including Landbank)

Equity Investment Features:

Amount: Minimum of P1.0 Million; LBP Equity investment shall neither exceed P20.0 Million nor 35% of the total subscribed capital stock or 35% of total voting stock in a single enterprise, whichever is lower; provided that the total government equity shall not exceed 49% and foreign equity shall not exceed 40%. Investment shall be in Preferred Shares with voting power.

Dividend Rate: Entitled to cumulative dividends (including undeclared/ unpaid dividends for the prior year/s), Dividend Rate based on 91-day T-Bill rate computed at the end of the calendar year

Divestment:

• Shall be sold or redeemed at par value within a period of 15 years based on a schedule formulated by the Board of Directors considering the cash flow of the project.
• The corporation shall establish a sinking fund to ensure the redemption of Landbank shares.

Contact Details:
Program Management Department (PMD)
Phone: (02) 522-0000,  (02) 551-2200 locals 2384 or 2376
Fax: (02) 528.8542
Email: LBP-PMD2@mail.landbank.com