The CFID Lending Program utilizes the Coconut Farmers and Industry Trust Fund, established under Republic Act No. 11524, to provide individual farmers and their organizations with easy access to affordable credit. This program aims to boost economic activity in the provinces, especially in communities engaged in coconut farming and harvesting.

All provinces are covered by CFID, including those under BARMM.

● Individual Coconut Farmers
● Cooperatives and Associations of Coconut Farmers

a) For Individual Coconut Farmers
   i. Listed in the CFR or NCFRS 
   ii. With proven track record (experience/training from concerned government agencies, e.g. ATI/BFAR/DA/LBP/PCA/PhilMech/ TESDA) on financial literacy and on projects related to the coconut value chain
   iii. With viable project 
   iv. With marketable surplus of the project or other confirmed sources of repayment 

b) For Cooperatives

   i. PCA-accredited; Duly registered with the CDA or SEC, as applicable
   ii. No adverse findings on the organization and its principals
   iii. Should have strong back-office support with defined Operational Structure (cooperative has a General Manager, bookkeeper, collection officer)
   iv. Must exhibit profitable operations and sound financial condition (DSC of at least 1.0, maximum Debt/Equity Ratio of 90:10 throughout the term of the loan)
   v. Net Past Due Loan Ratio not exceeding 25%
   vi. Certificate of Compliance from CDA, if applicable 
   vii. The cooperative/association and its key officers (general manager, sales manager, bookkeeper) has received training on financial literacy and technical training on any aspect of the coconut value chain 
   viii. The Latest Audited Financial Statement (FS) shall not be older than 18 months; 

Interim FS must be submitted for any Audited FS that exceed six (6) months since the close of the last accounting period. 

Lending to start-ups may be allowed, provided there is a defined source of repayment (i.e., market agreement, POs), and officers of the organization must have relevant management experience or training on the project.

c) End-borrower for relending/rediscounting – Coconut Farmers listed in the CFR

Yes, provided that (1) the account is current and (2) loan being applied for is not for the same project. The CFID is treated as “over and above” the other lending programs of LANDBANK.

The CFID Lending Program utilizes the Coconut Farmers and Industry Trust Fund established under Republic Act No. 11524 to provide individual farmers and their organizations with easy access to affordable credit. This program aims to boost economic activity in the provinces especially in communities engaged in coconut LANDBANK farming and harvesting.

All provinces are covered by CFID, including those under BARMM.

• Individual Coconut Farmers
• Cooperatives and Associations of Coconut Farmers

For Individual Coconut Farmers

• Listed in the CFR or NCFRS
• With proven track record (experience/training from concerned government agencies, e.g. ATI/BFAR/DA/LBP/PCA/PhilMech/ TESDA) on financial literacy and on projects related to the coconut value chain
• With viable project
• With marketable surplus of the project or other confirmed sources of repayment

For Cooperatives

• PCA-accredited; Duly registered with the CDA or SEC, as applicable
• No adverse findings on the organization and its principals
• Should have strong back-office support with defined Operational Structure (cooperative has a General Manager, bookkeeper, collection officer)
• Must exhibit profitable operations and sound financial condition (DSC of at least 1.0, maximum Debt/Equity Ratio of 90:10 throughout the term of the loan)
• Net Past Due Loan Ratio not exceeding 25%
• Certificate of Compliance from CDA, if applicable
• The cooperative/association and its key officers (general manager, sales manager, bookkeeper) has received training on financial literacy and technical training on any aspect of the coconut value chain
• The Latest Audited Financial Statement (FS) shall not be older than 18 months;
• Interim FS must be submitted for any Audited FS that exceed six (6) months since the close of the last accounting period.
• Lending to start-ups may be allowed, provided there is a defined source of repayment (i.e., market agreement, POs), and officers of the organization must have relevant management experience or training on the project.
• End-borrower for relending/rediscounting – Coconut Farmers listed in the CFR

Yes, provided that (1) the account is current and (2) loan being applied for is not for the same project. The CFID is treated as “over and above” the other lending programs of LANDBANK.