2Feb/10155
Agri-Fishery and Micro-Finance Program
Program Objective:
- To create jobs and thereby increase the income of small agricultural households by providing financing not only for farming and fishing activities but for other alternative livelihood projects as well.
Eligible Sub-Borrowers:
- Small farmers / fisherfolk
Eligible Projects:
- Production, processing, storage, trading
- Acquisition of work animals, farm and fishery equipment and machinery Working capital for long-gestating projects Construction, acquisition, and repair of facilities
- Working capital for agriculture and fisheries graduates Agribusiness activities which support soil and water conservation and ecology-enhancing activities
- Privately-funded and LGU-funded irrigation systems
Terms and Conditions
Loan Amount:
- AFMP for Rice: Inbred - P37,000/ha; Hybrid - P42,000/ha
- Rural Household Business Financing - max of P50,000 per end-borrower
Interest Rate:
- To borrower/institutions (lending conduits) - depends on Land Bank's prevailing interest rate rates
- To end-borrowers - depends on the prevailing terms and conditions of conduits
Contact Details:
Agricultural Credit Policy Council
28th Floor, One San Miguel Avenue Building,
San Miguel Avenue Ortigas Center, Pasig City
Phone (632) 634.3326- 634.3320 to 21
Telefax: (632)636.3393
Web: www.acpc.gov.ph
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