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OBJECTIVE
- To support collateral short small agri/fishery households in partnership with lending agents.
- To encourage agri/fishery households to engage in livelihood diversification activities and improve household income.
ELIGIBLE BORROWERS
Eligible borrowers are the spouses, heads or working adult
members of small farmers/fisherfolk households.
- Small farming households are defined as those whose heads or members are tilling not more than 5 hectares of land and/or are engaged as small poultry/livestock raisers.
- Small fisherfolk refer to those operating fishing vessels
of not more than 3 tons capacity, fishponds of less than 5 hectares
or fishcages of less than 400 square meters or are fisherworkers
in fishing boats, fishponds or fishing processing establishments.
ELIGIBLE PROJECTS
Any viable income generating activity(ies) of the agri/fishery household that can generate cash flows within the short term.
- Farm/fishery project(s) provided that the household has another existing source of monthly income
- Farm/fishery project(s) plus off-farm/non-farm activity(ies) operational for at least one year
- Off-farm/non-farm activity(ies) provided that the household
has existing farm project(s)
LOANABLE AMOUNT
- Loan amount shall depend on the repayment capacity of the sub-borrower based on household’s cashflow but not to exceed P25,000.00
TERMS OF PAYMENT
- The loan maturity shall not exceed one year and the amortization shall be based on the household’s cash flow. The amortization shall be at shortest interval possible. A borrower must have at least a monthly payment.
INTEREST RATES AND OTHER LOAN CONDITIONS
- Interest rates and other loan conditions vary depending on each lending conduit.
