Republic of the Philippines
Department of Agriculture
Agricultural Credit Policy Council

 . . . was created in 1986 by virtue of Executive Order 113 to assist the Department of Agriculture (DA) in synchronizing all credit policies and programs in support of the latter’s priority programs. It was also tasked to review and evaluate the economic soundness of all on-going and proposed agricultural credit programs, whether for domestic or foreign funding, prior to approval. Also, ACPC was tasked to undertake measures to increase its funds base and adopt other liquidity interest stabilization and risk cover mechanisms for its various financing programs.

 In 1987, ACPC became an attached agency of the DA through Executive Order 116. During the same year, it was mandated to administer the Comprehensive Agriculture Loan Fund (CALF) through DA Administrative Order No. 5.

In 1992, the role of ACPC was expanded by RA 7607, the Magna Carta of Small Farmers, assigning the following functions to ACPC: (i) conduct institutional capacity building programs and (ii) to develop special projects to promote innovative financing schemes for small farmers. Advocacy of rural and agricultural finance policies and programs was also done by ACPC.

In 1996, the Agriculture and Fisheries Modernization Act or the AFMA (RA 8435) paved the way for ACPC to carve its niche in a liberalized and globalized environment. In support of AFMA, the ACPC was tasked to facilitate the phase-out of all agricultural directed credit programs (DCP) and to develop the design of globalized agricultural credit scheme called the Agro-Industry Modernization Credit and Financing Program or the AMCFP, and act as administrator of the said program. The ACPC will oversee the administration of the AMCFP Fund, including the DCP funds and ensure the adequate flow of funds to the DA’s priority sectors and intended clients.

Today, with its ongoing involvement in policy/action research and institution-building, ACPC continues to help government develop and implement strategies and policies that increase and sustain the flow of credit to agriculture and fisheries, improve the viability of farmers and fisherfolk, and support agriculture modernization, food security and poverty alleviation.

The Council is composed of the following:

  • Department of Agriculture (DA) Secretary as Chairman;
  • Bangko Sentral ng Pilipinas (BSP) Governor as Vice-chairman;
  • Department of Finance (DoF) Secretary;
  • Department of Budget and Management (DBM) Secretary;
  • National Economic and Development Authority (NEDA) Director-General;

  Legal Bases/Mandates

Executive Order 116 (30 January 1987)
Agricultural Credit Policy Council (ACPC) attached to the Department of Agriculture

 

DA Administrative Order No. 5 (22 May 1987)
Administration of the CALF assigned to the Executive Director of the Technica Secretariat of ACPC in behalf of the DA Secretary

 

R.A. 7606(4 June 1992), Section 21


ACPC to:

  • Expands its loan guarantee coverage under the CALF
  • Conduct special projects to promote innovative financing schemes for small farmers
  • Subsidize the costs of information dissemination, monitoring, training and registration
DA Administrative Order No. 6 / AFMA IRR (10 July 1998)

 

Rule 20.1
The Secretary, as Chairperson of the ACPC, in collaboration with the National Credit Council (NCC), shall organize dialogue sessions among all stakeholders in rural, agricultural and fisheries financing.
 Rule 21.1
. . . the ACPC, jointly with the National Credit Council (NCC) shall, through a participatory process with the beneficiaries and stakeholders, formulate the program of phase-out of all directed credit programs (DCP), including the Comprehensive Agricultural Loan Fund (CALF)
 

                     

  Vision  

             
  The ACPC is the institution on agri credit policy and program development that promotes a sustainable and effective delivery of financial services to the countryside.        
             

 

      
                     
       
   Mission
     
 

 To develop and advocate agri credit policies and orchestrate programs that would promote farmers’ and fisherfolk’s access to sustained financial services.
                     

 

 

  Major Functions

 

 

Conduct policy research studies to come up with timely and reliable recommendations on appropriate credit policies and programs for the agriculture and fisheries sector.

 

 

Conduct action research studies on innovative financing schemes for small farmers and fisherfolk.

 

 

Oversee the implementation of agricultural credit and guarantee programs to ensure that credit is truly made available and accessible to small farmers and fisherfolk.

 

 

Empower the rural finance sector by facilitating institution-building programs for countryside financial institutions, including cooperatives and other people’s organizations as well as for their farmer and fisherfolk members.

 

 

 

  Strategic Thrusts Programs

 

Agro-Industry Modernization Credit and Financing Program(AMCFP)

Oversee the implementation of the AFMA-mandated Agro-Industry Modernization Credit and Financing Program. As Oversight Bodyof the AMCFP, the tasks of ACPC include:

  • the review and approval of credit programs under the AMCFP including their work plan and budget;
  • performance evaluation of AMCFP, its fund wholesalers and fund retailers;
  • periodic review of AMCFP implementing guidelines;
  • program and financial monitoring of the AMCFP.

Innovative Financing Schemes

Conduct action research studies on innovative financing schemes for small farmers and fisherfolk. The IFS are schemes that serve as safety nets which ensure the continuous flow of credit in the countryside in the interim period of adjustment to the reforms being implemented in agricultural and rural finance policy. The IFS are time-bounded experiments intended for replication under the AMCFP if proven successful. The IFS play a significant role in the agenda of the government in view of its specific targeted clientele - the small farmers and fisherfolk who lack collateral.

Institutional capacity building (ICB) programs for countryside financial institutions

Empower the rural finance sector by facilitating institutional capacity-building programs for countryside financial institutions(CFIs), including cooperatives and other people's organizations as well as for their farmer and fisherfolk members. ACPC's ICB programs are aimed at strengthening the capacity of CFIs in accessing and efficiently managing credit funds.

Rural and agricultural finance policy research and advocacy

Conduct policy research studies to come up with timely and reliable recommendations on appropriate credit policies and programs for the agriculture and fisheries sector.

Management of government credit funds for agriculture and fisheries

Oversee the implementation of agricultural credit and guarantee programs to ensure that credit is truly made available and accessible to small farmers and fisherfolk. ACPC has also taken the lead role in the collection and consolidation of about P6 billion funds from 40 lending programs of the DA into the AMCFP, a responsibility that GFIs turned down because of the burden and cost of collecting past due accounts.

 

 Core Values

We at ACPC...  
 
 Clear Organizational Direction  
We carry out programs and activities that will contribute to the achievement of the organization’s defined VISION, MISSION, and GOALS.
  
Unity and Cohesion  
We support and implement mutually agreed upon activities, and individually and collectively uphold the integrity of the organization.
  
Challenges and Opportunities  
We welcome challenges and view these as opportunities for individual growth and the further development of the organization.
  
Consultation and Communication  
We employ open communication and feedback mechanisms to ensure that our activities and programs are relevant and responsive to the needs of our staff and clientele.
  
Support, Trust and Appreciation  
We give support to our colleagues and strive towards a work environment characterized by mutual trust and where each individual’s contribution is given due recognition.
  
Commitment  
We pledge to give the best of our efforts to deliver quality and timely outputs.
  

 ACPC Organizational Structure

 

 

 ACPC Council

 
Chairman
HON. ARTHUR C. YAP
Secretay - Department of Agriculture (DA)

 
Vice-Chairman
HON. AMANDO M. TETANGCO, JR.
Governor - Bangko Sentral ng Pilipinas (BSP)

Members

 
HON. MARGARITO B. TEVES
Secretay - Department of Finance (DoF)

 
HON. ROLANDO G. ANDAYA, JR.
Secretay - Department of Budget and Management (DBM)

 
HON. AUGUSTO B. SANTOS
Acting Director General - National Economic and Development Authority (NEDA)

     
ASSISTANT GOVERNOR MA. CORAZON J. GUERRERO Bangko Sentral ng Pilipinas (BSP) ,
EXECUTIVE DIRECTOR JOVITA M. CORPUZ Agricultural Credit Policy Council (ACPC) ,
DIRECTOR NORA C. OLIVEROS Department of Budget and Management (DBM) ,
DIRECTOR SHIELA MARIE M. ENCABO National Economic and Development Authority (NEDA),
DIRECTOR JOSELITO S. ALMARIO Department of Finance (DOF),
ATTY. EDUARDO E. GARCIA ACPC Legal Counsel

 

 ACPC Officers and Staff

     
NORMAN WILLIAM S. KRAFT
MELITO M. MONTENEGRO
RAMON C. YEDRA
MAGDALENA S. CASUGA
JOCELYN ALMA R. BADIOLA
 
JOVITA M. CORPUZ
VERONICA PADEN-SANTOS
MA. CRISTINA G. LOPEZ
Director, Public Affairs and Information Services
Director, Institutional Capacity Building
Dep. Exec. Director, Program Development & Management
Director, Policy Research and Planning
Dep. Exec. Director, Policy Research Planning and
     Monitoring & Evaluation
Executive Director
Director, Fund Resource Management
Director, Monitoring and Evaluation

 

     

     

Renato C. Hermoso   (Administrative Aide IV),   Annabelle M. Santioque   (Project Evaluation Officer III),   Mary Sunshine M. Vargas   (Project Development Officer II),   Jovita M. Corpuz   (Executive Director),
Ma. Cristina G. Lopez   (Director II)

 
     

Virgilio K. Crisostomo   (Public Relations Officer IV),   Rumina A. Gil   (Information Officer IV),   Rosario P. Ronda   (Computer Operator III),   Rudyard R. Roxas (detail from NABCOR)   (Information Officer III),   Emmalyn J. Guinto   (Information Officer V),   Norman William S. Kraft   (Director II),   Adona M. Hamto   (Public Relations Officer V)  

 
     

Ferdinand L. Paguia   (Planning Officer III),   Kennedy A. Garabiag
  (Project Evaluation Officer III),   Ma. Cecilia B. Sadiasa   (Secretary II),  
Cenon S. Atienza   (Project Development Officer V),   Rebec A. Fernandez   (Project Development Officer V),   Ma. Girlie D. Labrador   (Computer Operator III),   Gregoria M. Guce   (Economist IV),   Jocelyn Alma R. Badiola
  (Deputy Executive Director),   Magdalena S. Casuga   (Director II),  
Ma. Teresa J. Santos   (Planning Officer V),   Joan C. Basay   (Project Development Officer III)

 
     

Regino C. Ecalnir   (Computer Maintenance Technician III),  
Emmanuel D. Garcia   (Project Development Officer II),   Rufino T. Estrada, Jr.   ( Administrative Assistant VI),   Annalyn R. Garay   (Planning Officer III),  
Bieth D. Gerardo   ( Project Evaluation Officer III),   Jocelyn Alma R. Badiola   (Deputy Executive Director),   Ma. Cristina G. Lopez   (Director II),  
Rachel A. Bustamante   (Economist IV),   Arlyn D. Bancud  
(Computer Operator III)  

 
     

Lordyxon V. delos Reyes   (Public Relations Officer III),   Armando M. Cinco, Jr.   (Driver II),   Noel Clarence M. Ducusin   (Project Development Officer V),   Rodolfo D. Ungson   (PDO IV),   Maria Paz T. Faustorilla   ( Project Development Officer IV),   Ramon C. Yedra   ( Deputy Executive Director ),   Cherry N. Quintero   ( Computer Operator III),  

 
     

Charles M. Dulay   (Project Development Officer III),   Frances Michele B. Sucgang   (Project Development Officer III),   Dina T. Mejias   (Project Development Officer III),   Jenny T. Aspilan   (Project Development Officer III),   Ronnie B. Tabucanon   (Financial Analyst IV),   Melito M. Montenegro   (Director II),   Ramon C. Yedra   ( Deputy Executive Director),   Alvin U. Cabato   (Project Development Officer V)  

 
     

Maria Adoracion T. Garcia   (Project Development Officer III),   Mariame G. Guro   (Project Development Officer II ),   Mariewyn G. Balajadia   (Project Development Officer III),   Edgar Savellano   (Resigned),   Ma. Cristina G. Lopez   (Director II),   Jonathan S. Giray   (Project Development Officer V),  

 
     

Evelyn T. Aquino   (Administrative Officer IV),   Rex S. Yumul   (Administrative Assistant I),   Estelita C. Rama   (Administrative Assistant III),   Tita S. Baliong   (Administrative Officer V),   Veronica Paden-Santos   (Director II),  
Mayeth S. Samson   (Computer Operator III),  

 
     

Reynaldo D. Tan   (Administrative Aide IV),   Gladys S. Melendez   (Administrative Assistant I),   Veronica Paden-Santos  (Director II ),   Lauro B. Yorro  
(Chief Administrative Officer)  

 
     

Corazon D. Panganiban   (Administrative Assistant V),   Veronica Paden-Santos   (Director II ),   Ma. Nimfa N. Parico   (Chief Administrative Officer),  
Renato C. Faustino   (Administrative Assistant III)  

 
     

Sotero P. Aquino, Jr.   (Administrative Assistant II),   Conrado P. Corpuz (detail from NABCOR)   (Driver),   Roy F. Battung   (Driver II),   Cesar G. Decano   (Administrative Aide II),   Noel T. Videņa   (Administrative Aide IV),  
Veronica Paden-Santos   (Director II),   Godofredo D. Espiritu, Jr.   (Administrative Officer III)