Agri-Fishery SME Loans
Purpose of Loan: To provide direct credit access to individuals who are engaged or will engage in the production of agri-fishery commodities, forestry-based projects and livelihood activities.
Clientele:
- Sole Proprietors
- Partnerships
- Corporations/Cooperatives/Federations/POs/NGOs
- LGUs
Eligible Projects:
- Production of grains, fisheries, livestock & poultry, high-value crops
- Retailing, wholesaling, marketing/trading/distribution, packaging, processing/manufacturing of agri-fishery products
- Acquisition/fabrication & upgrading/repair of agri-fishery facilities & equipment
General Eligibility Requirements:
- Must be registered/licensed by an appropriate government agency
- Must not have an outstanding past due loan with any Lending Entities and/or QUEDANCOR
- Must be duly accredited by QUEDANCOR Must have sufficient knowledge/experience or willing to undergo training on the project
- Must be willing to enter into a Memorandum of Agreement/Contract Growing Agreement, if applicable
- Must own the project site or must have a lease agreement with the owner of the project site
Additional Requirements
- For Sole Proprietor: Must be a Filipino citizen and between 18 to 64 years old at the time of application
- Partnerships: Must be 100% Filipino-owned
- Corporations/Cooperatives/Federations/POs & NGOs
- Must have juridical personality with
- authority to contract/borrow/lend money
- Must be good standing with the CDA
- (for cooperatives)
- Must have current officers
- of good moral character
- For LGUs
- Must have an authority from the Sanggunian Bayan signed by all members authorizing the LGU to apply and enter into a loan agreement with QUEDANCOR
- Must be willing to provide training, technical & other support needed by its constituents
Loanable Amount
Shall depend on the borrower's project cost/financial condition as determined by QUEDANCOR Credit
Assessment Group (CAG), but not to exceed P5 Million
Term and Mode of Payment
Six (6) months to seven (7) years depending on the cash flow of the project payable in monthly, quarterly, or semi-annually amortizations, as determined by QUEDANCOR Credit Assessment Group (CAG)
Interest
- 16% per annum for production of agri-fishery products and acquisition/repair of machinery & equipment
- 2% per month for purely retailing/wholesaling of agri-fishery products
Service Fee
2% per transaction for loans with a term of one year and 3% per annum for loans with a term of more than one year. Service fee for the first year shall be deducted from the loan proceeds while payment for the SF for the succeeding year/s shall be collected every anniversary date of the loan.
Other Fees
- Group Credit Life Insurance (GCLI)
- Documentary Stamps
- Accreditation Fee
- Notarial Fee
- Appraisal Fee (if necessary)
Security and Arrangement
- At least 80% REM or 80% combination of REM, Non-Interest Bearing Cash Trust Fund, Bank/Time Deposits, LandBank/Government Bonds/Securities & similar investments
- Deed of Assignment of Receivables supported by a Marketing Contract/Agreement, if applicable
- Borrower must have an equity equivalent to at least 20% of the total project cost
- Chattel Mortgage of agri-fishery machinery & equipment
- Post Dated Checks (PDCs) (except for LGU, National Government Agencies & GOCCs)
General Documentary Requirements
- Application for loan and accreditation with two 2x2 pictures of the authorized representative/s
- Current Permits/Licenses/Registration (NFA, Municipal, SEC, DTI, etc.)
- Project Proposal/Project Feasibility Study or Marketing Contract/Agreement or Farm Plan and Budget or Construction Plan or Projected Cash Flow whichever is applicable
- Board Resolution, Articles of Incorporation/Cooperation/Partnership, By-Laws, if applicable
- Affidavit of no past due loan with any of QUEDANCOR or any other lending institution's loan program
- Certified copy of latest income and business tax returns and tax clearance, audited Financial Statement, if applicable
- Photocopies of collateral/security offered
Collateral Documents
- Transfer Certificate of Title/Original Certificate of Title
- Tax Declaration
- Latest Tax Payments receipts/Tax clearance
- Lot plan/Vicinity map
- Picture of property offered as collateral
- SPA, if collateral is not owned by the applicant
- Government bond/securities/shares of Stocks or bank deposits & placements
- Certificate of registration (chattel) and/or substitute documents
Contact Details
Quedan and Rural Credit Guarantee Corporation
No. 34 Panay Ave., Quezon City
Tel. Nos.: (02) 373-97-11 (02) 373-94-53
Telefax: (02) 373-94-52
Web: www.quedancor.gov.ph, www.geocities.com/pio_quedancor
Recent Posts
- Wholesale Lending Window for Graduating Micros and BMBEs
- Wholesale Microfinance Program
- MFI Employees Loan Facility
- Micro-Housing Loan Facility
- Micro-Energy Credit Program
- Livelihood Development Program for OFWs
- Microfinance Eco-Enterprise Program
- Microfinance Program for NGOs and Cooperatives
- Self-Employment Assistance Program
- Microfinance Program for Rural Workers
February 9th, 2011 - 19:41
En iyi araba oyunlari ni bu web sitesinde bulabilirsiniz.
February 10th, 2011 - 01:51
You should consider starting an subscribers list. It would take your site to its potential.
February 10th, 2011 - 05:26
You made a few nice points there. I did a search on the topic and found most persons will agree with your blog.
February 10th, 2011 - 08:13
It’s actually a nice and useful piece of info. I am glad that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.
February 10th, 2011 - 08:14
Hello. Great job. I did not anticipate this. This is a impressive story. Thanks!
February 10th, 2011 - 08:36
you’re really a good webmaster. The site loading speed is amazing. It seems that you are doing any unique trick. In addition, The contents are masterwork. you have done a fantastic job on this topic!
February 10th, 2011 - 10:06
Thanks and God Bless!
February 10th, 2011 - 11:18
You raise many queries in my thoughts; you wrote an excellent article, but this articlee is also thought provoking, and I am going to need to ponder it a bit more; I will be back soon.
February 10th, 2011 - 11:59
After reading this I thought it was very informative.
February 10th, 2011 - 13:13
Hey do you know where I can find out more about this?
February 10th, 2011 - 14:21
Not everyone will agree, but I think you make a good point.
February 10th, 2011 - 15:03
You made some fine points there. I did a search on the subject matter and found most persons will consent with your blog.
February 10th, 2011 - 18:23
Thanks for providing such a great article, it was excellent and very informative. as a first time visitor to your blog I am very impressed. I found a lot of informative stuff in your article. Keep it up. Thank you.
February 10th, 2011 - 18:55
There is visibly a bundle to realize about this. I consider you made certain nice points in features also.
February 10th, 2011 - 19:28
Some high school students have got sufficient of writing practice to complete their academic papers by their personal. However, some students don???¨º?¨¨t have a chance to complete so. Thus, they do not have one more way out than to purchase custom essays online. Furthermore, it???¨º?¨¨s less difficult and faster.
February 10th, 2011 - 19:31
As far as me being a member here, I am glad though that I am a member. When the article was published I received a notification, so that I could participate in the discussion of the post, so perhaps that is it. But we’re certainly all members in the world of ideas.
February 10th, 2011 - 19:45
Thanks for an idea, you sparked at thought from a angle I hadn’t given thoguht to yet. Now lets see if I can do something with it.
February 10th, 2011 - 19:49
Wow! Thank you! I constantly wanted to write on my website something like that. Can I take a fragment of your post to my site?
February 10th, 2011 - 20:58
Cool article. It’s about time to find interesting content for a change.
February 11th, 2011 - 02:31
As I’m aware, your blog loads slow, I wonder whether it is my Internet Connection or your hosting server. I do really want to read your blog posts, but some of it loads really slow. Email me when you got it fixed, thanks!
February 11th, 2011 - 02:41
Finding this site made all the work I did to find it look like nothing. The reason being that this is such an informative post. I wanted to thank you for this informative read of the subject. I ate every bit of it and I submitted your site to some of the biggest social networks so others can find your blog.
February 11th, 2011 - 02:52
I enjoy meeting useful info, this post has got me even more info! .
February 11th, 2011 - 03:53
What you said made a lot of sense. But, think about this, what if you added a little content? I mean, I dont want to tell you how to run your blog, but what if you added something to maybe get peoples attention? Just like a video or a picture or two to get people excited about what youve got to say. In my opinion, it would make your blog come to life a little bit.
February 11th, 2011 - 05:31
I took away a lot great tips from this article and will definitely save it in my bookmarks. Thanks for the effort you took to delve into this subject so deeply. I look forward to future posts.
February 11th, 2011 - 06:50
Birbirinden güzel araba oyunlari için sitemizi ziyaret ediniz.
February 11th, 2011 - 10:11
For those who might e-mail me with a couple of solutions on just how you made your weblog look this excellent, I might be grateful.
February 11th, 2011 - 10:50
After reading this I thought it was very informative.
February 11th, 2011 - 12:02
Can I publish your submit to my wordpress weblog? I’ll add a oneway link to your forum. That’s one actually nice post.
February 11th, 2011 - 13:23
After examine a couple of of the weblog posts on your web site now, and I really like your method of blogging. I bookmarked it to my bookmark website checklist and will be checking again soon. Pls take a look at my web page as well and let me know what you think.
February 11th, 2011 - 13:40
Well I truly liked reading it. This post provided by you is very constructive for correct planning.
February 11th, 2011 - 13:42
I’m impressed. I dont think Ive met anyone who knows as much about this subject as you do. Youre truly well informed and very intelligent. You wrote something that people could understand and made the subject intriguing for everyone. Really, great blog you’ve got here.
February 11th, 2011 - 14:56
Really wanted to tell you that I really enjoyed your blog, what kind of theme do you use? Is it a custom one? Mind to share with me? Thanks in advance!
February 11th, 2011 - 16:17
Wow, suprisingly I never knew this. Keep up with good posts.
February 11th, 2011 - 17:01
I just added your web site to my top picks. I like reading your posts. Could it be okay to publish part of this on my website if I post a link to this webpage?
February 11th, 2011 - 18:57
Holly Holliday is coming back on Glee!
February 11th, 2011 - 20:15
Hey! I simply saw another message in one other weblog that regarded like this. How are you aware all this stuff? That’s one cool post.
February 11th, 2011 - 22:18
I’m impressed. I dont think Ive met anyone who knows as much about this subject as you do. Youre truly well informed and very intelligent. You wrote something that people could understand and made the subject intriguing for everyone. Really, great blog you’ve got here.
February 11th, 2011 - 23:00
This is a subject close to my heart cheers, found you through Bing.
February 11th, 2011 - 23:56
Do you folks have a fb fan web page? I seemed for one on twitter but couldn’t discover one, I would really like to change into a fan!
February 12th, 2011 - 05:26
I have been reading out many of your stories and i can claim pretty nice stuff. I will surely bookmark your blog.
February 12th, 2011 - 05:27
This is certainly fascinating People are bound to find this really important. I think the second paragraph pretty much says everything.
February 12th, 2011 - 05:46
I ought to say that it???ê?ès a very fascinating write-up. I get a whole lot of knowledge from here. Beside that, your blog is so well-liked among the searchers from search engines like google. It means yours is excellent!
February 12th, 2011 - 06:04
There is visibly a bundle to realize about this. I consider you made certain nice points in features also.