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