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Department of Agriculture Land Bank of the Philippines

Department of Agriculture Land Bank of the Philippines. Agricultural Guarantee Fund Pool (AGFP).

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Department of Agriculture Land Bank of the Philippines

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  1. Department of Agriculture Land Bank of the Philippines Agricultural Guarantee Fund Pool (AGFP) “Encouraging financial institutions and other credit conduits to lend to small farmers and fisherfolk by providing guarantee cover to unsecured palay and other food production loans extended to farmers.”

  2. Background • Administrative Order No. 225 and 225-A signed by Pres. Gloria Macapagal Arroyo • All GOCCs and GFIs to allocate 5% of their 2007 surplus for projects in rice and food production, and as contribution to an AGFP. • It is usedto mitigate the risks involved in agriculture lending and to encourage more participation of financial institutions and other credit providers in extending financing to the agriculture sector. • It provides guarantee cover of up to 85% of the loans that will be extended by FIs to farmers engaged in production of palay, corn, and other food crops.

  3. Eligible Conduits • Banks (e.g. Rural Banks, Cooperative Banks, Thrift Banks) • Cooperatives • Small and Medium Enterprises (SMEs) and Large Corporations such as input providers • Non-Government Organizations and Farmers’ Organizations, other than cooperatives

  4. Extent of Participation in AGFP, by Financial Institutions/Lenders As of August 30, 2010

  5. Guarantee Claims Payment As of August 30, 2010

  6. Backup slide

  7. AGFP FUND CONTRIBUTIONS

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