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LBP's COOPERATIVE FINANCING PROGRAM

LBP's COOPERATIVE FINANCING PROGRAM. ELIGIBLE BORROWERS. 1. Agricultural Cooperatives composed of majority of: Small Farmers Owner cultivators, tenants, leaseholders, etc. who are actually tilling not more than five (5) hectares of agricultural land Small Fisherfolks

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LBP's COOPERATIVE FINANCING PROGRAM

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  1. LBP's COOPERATIVE FINANCING PROGRAM

  2. ELIGIBLE BORROWERS 1. Agricultural Cooperatives composed of majority of: • Small Farmers • Owner cultivators, tenants, leaseholders, etc. who are actually tilling not more than five (5) hectares of agricultural land • Small Fisherfolks • Those who either own or operate not more than 3 gross tons of fishing boat paraphernalia an/or whose fishing activities or operations are within a 25 km radius from the shoreline; • Owners/operators of not more than five (5) hectares including those under Fishpond Lease Agreement; and • Workers of fishing boats and fishponds • Small Fisherfolks • Those who either own or operate not more than 3 gross tons of fishing boat paraphernalia an/or whose fishing activities or operations are within a 25 km radius from the shoreline; • Owners/operators of not more than five (5) hectares including those under Fishpond Lease Agreemen, and; • Workers of fishing boats and fishponds

  3. ELIGIBLE BORROWERS Continuation: • Small Hog/poultry/livestock raisers With initial maximum inventory of: Poultry - 1,000 layers/broilers Swine - 10 sow level or 20 fatteners Cattle - 10 fatteners or 5 breeders Dairy - 10 milking cows Goat - 50 heads • Wives and children of age of small farmers/fisherfolks/raisers who are members of cooperatives 2. Non-farmers’ Credit Cooperativescomposed of market vendors, employees, teachers, rural workers, etc.

  4. ELIGIBILITY REQUIREMENTS

  5. ELIGIBILITY REQUIREMENTS

  6. ELIGIBLE PROJECTS • Agricultural Production • Agri Business/Processing • Manufacturing • Trading • Services • Other Developmental Projects

  7. INTEREST RATE

  8. REPAYMENT PERIOD • Based on crop cycle and/or project cash flow but not to exceed economic useful life of the project

  9. COLLATERAL REQUIREMENTS Any or a combination of the following (depending on the project/s financed): • Deed of Assignment (DA) of Produce • DA of sub-borrowers’ promissory notes • Real Estate Mortgage • Chattel Mortgage • DA of PCIC Insurance/Guarantee Coverage • Others : Hold-outs, Guarantee Coverage, Joint & Several Signatures of coop’s key officers

  10. EVALUATION PARAMETERS

  11. EVALUATION PARAMETERS

  12. DOCUMENTARY REQUIREMENTS • Certified true copy of the Certificate of Registration with Articles of Cooperation and By-Laws • Information Sheets of the Board Directors & Officers • Coop Board Resolution to Borrow and designating at least two (2) officers to negotiate and sign documents with their specimen signatures and pictures • Audited Financial Statements (FS) for the last three (3) years or interim FS for new coops plus interim FS at the time of application

  13. Mango Production

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