AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND (ACEF)

OBJECTIVE

 

The ACEF Lending Program aims to:

 

  • Provide necessary credit to farmers and fisherfolk and their cooperatives and associations and micro and small enterprises to increase their productivity; and
  • Establish an agricultural lending program that enhances competitiveness of target project beneficiaries or sectors especially the small farmers and fisherfolk

 

ELIGIBLE BORROWERS

 

  • Individual farmers and fisherfolk
  • Micro and Small Enterprises
  • Farmers and Fisherfolk Cooperatives and associations
  • Conduits

 

                       

ELIGIBLE PROJECTS

 

  • Purchase of farm input and equipment or farm improvement
  • Acquisition/establishment of agri-based production and post-production and processing machineries, equipment and facilities
  • Relending to farmers and fisherfolk

         .

LOAN PURPOSES

 

  • Livelihood/Agri-Enterprise Loans – To augment conduit funds for relending to ARBs/SFHs to finance their livelihood and agri-enterprises projects

 

  • Providential Loans –to augment  conduit’s funds for relending to member ARBs/SFHs to finance their house or office repairs;

 

MAXIMUM LOANABLE AMOUNT

 

  • Livelihood/Agri-Enterprise Loans - Up to  P1.0 Million per farmer/fisherfolk
  • Farmer and Fisherfolk coop/association –Up to P5.0 Million per project per borrower

 

INTEREST RATE

 

  •   2% per annum

 

PASS ON RATE

 

  • Relending -  0% per annum

 

 

 

 

COLLATERAL

 

  • Production
    • Combination of the following:
      • PCIC insurance and/or AGFP guarantee coverage, if applicable; and
      • Assignment of expected produce

 

  • Acquisition of fixed asset
    • Any or combination of the following:
      • Chattel mortgage on object of financing
      • Assignment of expected produce
      • PCIC Insurance proceeds

 

 

CONTACT UNITS

  1. Programs Management Department I (PMD I)
    522-0000 locals 7450, 2992, 2804
  2. LANDBANK Lending Centers Nationwide
  3. Customer Care Center
    • NCR-405-7000
    • Toll free for non-NCR-1800-10-405-7000