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LBP Cooperative Financing Program for Eligible Borrowers in Agriculture and Fisheries

The LBP's Cooperative Financing Program is designed to support small agricultural cooperatives and fisherfolks. Eligible borrowers include small farmers and fishers who till not more than five hectares of land or operate fishing boats under specific guidelines. Cooperative members, including family members of eligible farmers, may also qualify. The program supports various projects, including agricultural production, processing, and trading, offering flexible repayment periods and collateral options. To apply, cooperatives must provide certain documentation, including registration certificates and financial statements.

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LBP Cooperative Financing Program for Eligible Borrowers in Agriculture and Fisheries

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  1. LBP's COOPERATIVE FINANCING PROGRAM

  2. ELIGIBLE BORROWERS 1. Agricultural Cooperatives composed of majority of: • Small Farmers • Owner cultivators, tenants, leaseholders, etc. who are actually tilling not more than five (5) hectares of agricultural land • Small Fisherfolks • Those who either own or operate not more than 3 gross tons of fishing boat paraphernalia an/or whose fishing activities or operations are within a 25 km radius from the shoreline; • Owners/operators of not more than five (5) hectares including those under Fishpond Lease Agreement; and • Workers of fishing boats and fishponds • Small Fisherfolks • Those who either own or operate not more than 3 gross tons of fishing boat paraphernalia an/or whose fishing activities or operations are within a 25 km radius from the shoreline; • Owners/operators of not more than five (5) hectares including those under Fishpond Lease Agreemen, and; • Workers of fishing boats and fishponds

  3. ELIGIBLE BORROWERS Continuation: • Small Hog/poultry/livestock raisers With initial maximum inventory of: Poultry - 1,000 layers/broilers Swine - 10 sow level or 20 fatteners Cattle - 10 fatteners or 5 breeders Dairy - 10 milking cows Goat - 50 heads • Wives and children of age of small farmers/fisherfolks/raisers who are members of cooperatives 2. Non-farmers’ Credit Cooperativescomposed of market vendors, employees, teachers, rural workers, etc.

  4. ELIGIBILITY REQUIREMENTS

  5. ELIGIBILITY REQUIREMENTS

  6. ELIGIBLE PROJECTS • Agricultural Production • Agri Business/Processing • Manufacturing • Trading • Services • Other Developmental Projects

  7. INTEREST RATE

  8. REPAYMENT PERIOD • Based on crop cycle and/or project cash flow but not to exceed economic useful life of the project

  9. COLLATERAL REQUIREMENTS Any or a combination of the following (depending on the project/s financed): • Deed of Assignment (DA) of Produce • DA of sub-borrowers’ promissory notes • Real Estate Mortgage • Chattel Mortgage • DA of PCIC Insurance/Guarantee Coverage • Others : Hold-outs, Guarantee Coverage, Joint & Several Signatures of coop’s key officers

  10. EVALUATION PARAMETERS

  11. EVALUATION PARAMETERS

  12. DOCUMENTARY REQUIREMENTS • Certified true copy of the Certificate of Registration with Articles of Cooperation and By-Laws • Information Sheets of the Board Directors & Officers • Coop Board Resolution to Borrow and designating at least two (2) officers to negotiate and sign documents with their specimen signatures and pictures • Audited Financial Statements (FS) for the last three (3) years or interim FS for new coops plus interim FS at the time of application

  13. Mango Production

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