▪ Farmers’ Cooperatives and Associations
▪ People’s Organizations

▪ ARBs
▪ ARB household members

Working Capital for On-lending:
• Existing Borrowers
   » Based on actual credit requirements of member-borrowers but not to exceed 90% of the total project/production cost

• New Borrowers
    » Based on actual credit requirements of member-borrowers but not to exceed 90% of the total project/production cost but not to exceed P15.0 million

For ARBO-managed Projects:
     ▪ Up to 90% of the total project/production cost but not to exceed P15.0 million for new borrowers

▪ Working Capital
▪ Acquisition of farm implements, machinery, and equipment
▪ Agri-fishery-based enterprise projects
▪ Relending to ARB members and ARB household members

▪ STLL & TL
▪ Fixed at five percent (5%) per annum (p.a.), or at such interest rate as may be subsequently approved by the National Program Management Committee (NPMC)

A credit program to provide accessible, adequate, timely, and affordable loans to eligible ARBOs and their member-ARBs for the purpose of financing their individual or communal agriculture and fisheries activities, agri- and fishery-based enterprises, and other agri-related projects.

The program is being implemented in partnership with the Department of Agriculture (DA), Department of Agrarian Reform (DAR), Department of Environment and Natural Resources (DENR), and Agricultural Credit Policy Council (ACPC).

Farmers’ Cooperatives and Associations and People’s Organizations with ARB or ARB household member

• With legal personality registered with Cooperative Development Authority (CDA), and with Securities and Exchange Commission (SEC), as applicable;
• With ARBs or ARB’s household members comprising majority of membership (50+1);
• No adverse findings on the borrower and its principals (Board of Directors and Key Officers, such as President, Secretary, Treasurer and Manager);
• Operational for at least one (1) year as evidenced by audited financial statements and minutes of meetings from at least four regular (4) meetings for the past 12 months;
• Must have at least one (1) year track record of profitable operation prior to the 15 March 2020 COVID-19 lockdown/community quarantine based on financial statements/records;
• Presence of core management team (at least composed of manager, cashier/treasurer and bookkeeper);
• With net past due ratio of not more than 25%;
• Systems and procedures in place, particularly in lending operations;
• No outstanding loan from LBP or other formal lending institutions for the same project being applied for.

Additional for ARBOs venturing into new projects:

• Familiarity in the proposed project can be established (i.e., the proponent/key officers have been involved in the same business or working in a similar business and/or have undergone relevant training on the proposed business undertaking/s).

To supplement or augment the Working capital requirements of ARBOs for on-lending to ARB members and ARB household members and/or to financed ARBO-managed projects

Fixed at five percent (5%) per annum (p.a.) for both STLL and TL