The AgriBiz Term Loan is a loan product intended for agri value chain players such as agri producers/growers, traders/consolidators, processors and input dealers /retailers.
Loan Amount
The loan amount ranges from P50,000 to P20,000,000.
Loan Purpose
- Additional operating capital for Agri-based trading, storage, processing and distribution business
- Acquisition of seeds, fertilizers, poultry, livestock, feeds and other similar items;
- Acquisition of additional work animals, farm and fishery equipment and machinery;
- Construction, acquisition and repair of post-harvest facilities for production, processing, storage and such other facilities in support of agriculture and fisheries.
Acceptable Agri/ Fishery Activities
- Agribusiness (Trading of feeds and agri-vet supplies, Trading of Rice, Corn, Cassava, Banana, Cacao, Coconut, others)
- Poultry growing/trading (layer, fattening or trading of chicken)
- Hogs growing/trading (for fattening or trading of piglets)
- Other livestock growing/trading (goat, cow, etc)
- Plant nurseries (cacao and other high-value crops)
- Agro-processing activities (processing/manufacturing of agri-based products)
- Culturing and processing of fishery and/or aquatic resources (dried fish processing, seaweeds processing, etc.)
| QUALIFICATION |
|---|
| 21 to 60 years old |
| Whose farm or business is already established and operating for not less than 5 years |
| With at least one secondary income source (salary, income from business, other agri-activity not similar to the primary business) |
| A resident in the community for not less than 3 years |
| Willingness to pay the loan in weekly, semi-monthly or monthly payment |
| Willingness to open a Contractual Savings with RMB and save while there is an active loan |
| Has no criminal or sum of money cases in the barangay or municipal court |
| Has no criminal or sum of money cases in the barangay or municipal court |
| No adverse record in BAP-CB Negative File Information System |
*Terms and Conditions for partial or full
Term:Up 36 months.