In a groundbreaking collaboration aimed at propelling agricultural entrepreneurship to new heights, the Department of Agriculture (DA) has teamed up with the Philippine Federation of Credit Cooperatives Mindanao League (PFCCO ML) to introduce the innovative Agri-Negosyo Loan Program. This partnership represents a significant stride towards fostering sustainable growth and development within the agricultural sector.
The Agri-Negosyo (ANYO) Loan Program offers loans to finance capital requirements of agri-fishery based micro and small enterprises.
ELIGIBLE LOAN BORROWERS CAN AVAIL LOANS UNDER THE PROGRAM UP TO A MAXIMUM OF 3 CYCLES ONLY.
Who are eligible?
Eligible loan applicants shall submit all documents as required by the bank and/or lending conduit.
Loan Features | Micro Agri-Negosyo Loan | Small Agri-Negosyo Loan |
---|---|---|
Loan Amount | Up to Php 300,000.00 | Minimum of Php 300,000.00 and Maximun of Php 15M |
Lending Partners | Government Financial Institutions (GFIs) and Non-Government Financial Institutions (NGFIs) | Government Financial Institutions (GFIs) and Non-Government Financial Institutions (NGFIs) |
Interest Fee | 0% Interest | 0% Interest |
Loan Maturity | Depends on the cash flow of the project, but not to exceed five (5) years. | Depends on the cash flow of the project, but not to exceed five (5) years. |
Eligible Loan Purpose | To finance income-generating activities such as production, processing, or marketing of agri-fishery products, or a combination of agri-fishery income-generating activity and non-farm micro enterprise. | To finance working capital requirements of small agribusiness enterprise (temporary/permanent) and/or fixed asset acquisition (facilities/construction/acquisition, machinery/equipment/acquisition) |
The partnership between the Department of Agriculture and PFCCO Mindanao League through the Agri-Negosyo Loan Program holds immense promise for the agricultural sector and the broader economy. By fostering business expansion, job creation, innovation adoption, and bolstering food security, this collaboration is set to be a catalyst for positive change.
For more information, please visit https://acpc.gov.ph/agri-negosyo-loan-program-anyo