Financial Assistance Para sa Responsableng Mag-uuma (FARM) Loan

FARM Loan (Rice Production)

An Individual Loan product  exclusively designed for rice labourers to help finance their agricultural food production.

TARGET MARKET

Tiller-farmer who are landowners or tenant with equal or less than 7 hectares of land. 

INTEREST RATE

Avail for as LOW as 1.50% per month, diminishing!

CLIENT ELIGIBILITY CRITERIA

  • Male/female aging 18- 69 years old; must be in good health and who are found to be credit worthy.
  • Tiller-farmer who are landowners or tenant with equal or less than 7 hectares of land.
  • Resident of his/her last known address for at least 2 years.
  • Involvement in any farm agricultural activities for at least 1 year.
  • Irrigated Farm area with at least .75 hectares.
  • Must be a member of a farmer’s association.
  • Willing to attend training requirement of the training program provided by the bank.

REQUIREMENTS

  1. Photocopy either of the following in order of priority:
  1. Owner Copy of Land Title
  2. Certificate of Tenancy, if tenant
  3. Tax Declaration, with updated Real Property Tax.
  4. Certificate of Land Ownership Award, should be limited to individual CLOA only.
  5. Stewardship- given by DENR, term of loan should be in consonance of the stipulated period of the stewardship.
  1. Photocopy of Valid ID and Cedula (with 3 specimen signatures)
  2. Barangay Clearance
  3. 6 pcs. 2x2 colored picture  in white background
  4. Certification of Good Standing from NIA.
  5. Certificate of Good Standing from the Farmer’s Association.
  6. Land & Farm pictures of the client