▪ Fishers’ Cooperatives/Associations and their
Federation
▪ Micro, Small and Medium Enterprises
▪ Large Agri-business Entities/Corporations
▪ Countryside Financial Institutions,
▪ Fishery Graduates or with certificate of at least two (2) years training related to fishery production

▪ For Production: Up to 80% of the total project cost
▪ For Working Capital: within computed working capital requirement▪ For Fixed Assets - not more than 80% of the validated acquisition/construction cost
▪ Rediscounting: up to 90% of current outstanding balance of the sub PN being rediscounted

▪ Purchase/acquisition of brand new or second- hand/refurbished commercial fishing boats and related equipment
▪ Repair/retrofitting of commercial fishing vessel
▪ Purchase of fishing banca and paraphernalia
▪ Purchase of inputs for Aquaculture/Mariculture Production
▪ Working Capital for Trading/Marketing operation
▪ Fixed Assets and installation of support facilities
▪ Pond development and/or improvement
▪ Building Construction
▪ Purchase or long-term lease of production pond and/or facility
▪ On-lending/Relending/Rediscounting

• At LANDBANK prevailing lending rate at the time of availment

Any or combination of the following, depending on projects financed

Collateral:
▪ Real Estate Mortgage
▪ Chattel Mortgage
▪ Ship Mortgage Decree
▪ Hold-out on Deposits
▪ Other collaterals acceptable to the Bank

Credit Enhancers:
▪ Assignment of Receivables/POs
▪ Post-date Checks
▪ Hold-out on Deposits
▪ BFAR Guarantee
▪ All other available credit enhancement instruments such as assignment of insurance claims (e.g. PCIC, Credit Life Insurance), collection capture mechanism, Credit Surety Fund, among others, as applicable

AQUA Lending Program is a LANDBANK facility to provide readily available credit facility to target program beneficiaries, expand the portfolio of the Bank in the fishery sector, help increase the contribution of the fishery sector in achieving food self-sufficiency, provide credit assistance to existing and/or prospective fishing operators in acquiring fishing vessels for domestic or overseas use to support re-fleeting and modernizing commercial fishing vessels, assist institutional buyers, fish processors/canning companies and fish growers to actively participate in the development of the fishing/aquaculture industry.

The following are the eligible borrowers under the program:

• Fishers’ Cooperatives/Associations and their Federation
• Micro, Small and Medium Enterprises (MSMEs)
  • Sole Proprietorship
  • Partnership
  • Corporation
• Large Agri-business Entities/Corporations
• Countryside Financial Institutions
  • Rural Banks
  • Cooperative Banks
  • Thrift Banks
• Fishery Graduates under full government scholarship or with Certificate of at least two (2) years training related to fishery production, management and technology under government endorsed training programs (foreign or local)

For Fishpond Operations

• Own the fishpond and
• Personally manage or oversee its operation

For Mariculture Projects

• Certificate of Registration or
• Accreditation from either the Mariculture Park/Zone Management Council or the local BFAR office to confirm their right to use the project site

For Seaweed Production

• With at least two (2)-year experience or have undergone technical training on seaweed farming
• With a license to operate seaweed farm
• With a farm area assessed and certified by BFAR or institutional buyer/market tie-up

Capture Fishery

• Municipal Fishing
• Commercial Fishing with passive or active gear utilizing vessels with 3.1 gross tons (GT) and up

Aquaculture/Mariculture

• Breeding/hatchery/nursery
• Grow-out/culture of fish & other species
• Seaweed farming
• Processing of fishery and aquatic products

Agri-Fishery Trading Activities

• Salt Making

Other Ancillary Services

• Aqua Feedmilling
• Ice Plant
• Cold Chain Projects

• Purchase/acquisition of brand new or second-hand/refurbished commercial fishing boats and related equipment
• Repair/retrofitting of commercial fishing vessel
• Purchase of fishing banca and paraphernalia
• Purchase of inputs for Aquaculture/Mariculture Production
• Working Capital for Trading/Marketing operation
• Fixed Assets
• Pond development and/or improvement
• Building Construction
• Purchase or long-term lease of production pond and/or facility
• On-lending/Relending/Rediscounting