Microfinance Program for Retailers (MFIs)
The LBP's microfinance program is in support of the government's call for the bank to address the credit requirements of the Barangay Micro Business Enterprises (BMBEs) and the poor sector by opening a special wholesale financing window thru various Microfinance Institutions (MFIs).
General Objectives
To support government efforts to alleviate poverty by empowering the marginalized sector towards economic growth.
Specific Objectives
Agri-Fishery Microfinance Program
The Agri-Fishery Microfinance Program (AFMP) is a joint program of the Department of Agriculture (DA), the Agricultural Credit Policy Council (ACPC), and the Land Bank of the Philippines (LBP) to support farmers/fisherfolks engaged in the priority commodities of the DA. Created by virtue of ACPC Resolution No. 31-01 Series of 2007, the AFMP provides agri-fishery loans to qualified institutional borrowers and to small farmers and fishing households.
The AFMP is one of the lending programs under the Agro-industry Modernization Credit and Financing Program (AMCFP) - the government's umbrella financing program for agriculture and fisheries.
Agri-Microfinance Program for Small Farmers and Fisherfolk
The Agri-Microfinance Program (AMP) for Small Farmers and Fisherfolk and their Households is a joint program of the Agricultural Credit Policy Council (ACPC) and the People's Credit and Finance Corporation (PCFC) for the provision of credit to qualified borrower organizations for re-lending to small farmers and fisherfolk households and groups/organizations.
The AMP was established by virtue of ACPC Resolution No. 2, Series of 2009 as one of the programs under the Agro-industry Modernization Credit and Financing Program (AMCFP) - the government's umbrella credit program for agriculture and fisheries.
Fisheries Financing Program
The Fisheries Financing Program (FFP) is a joint undertaking of the Agricultural Credit Policy Council (ACPC), Bureau of Fisheries & Aquatic Resources (BFAR) and Land Bank of the Philippines (LandBank). Created by virtue of ACPC Resolution No. 31-02 Series of 2007, the program entails the provision of loans to qualified borrower organizations/institutions that will use the funds either to finance value chain activities of small fisheries stakeholders or to extend micro-finance loans to small fishing households.
The FFP is one of the lending programs under the Agro-Industry Modernization Credit and Financing Program (AMCFP) - the government's umbrella financing program for agriculture and fisheries.
Cooperative Bank of Camarines Sur
Financial Program:
Micro-enterprise Access to Banking Services, 18 to 60 yrs old, P3,000 to P500,000, 25% Interest rate, Maturity of 2 months to 2 yrs, Payable daily, weekly, bi-monthly, monthly, quarterly
Collateral / Security:
- REM
- Chattel
- Co-makers