Experience Effortless Banking

OBJECTIVE

ARISE-ARB aims to: 

• Provide credit support  for post disaster emergency needs to restore livelihoods and  farming activities of disaster affected ARBs and SFHs;
• Capacitate Cooperatives (Coops)/Farmer Associations (FA) to effectively manage the operations of livelihood projects and enterprises through adoption of disaster resilient agri-technology and market linking alliances;
• Implement risk mitigation measures to reduce the effects of natural disaster and safeguard assets of ARBs/SFHs and Coops/Fas; and
• Develop and enhance the capacities of field implementers in the provisionof handholding activities and technical supports related to financing report, livelihood and farming activities natural disaster risk areas.

COVERAGE

A total of Php 118.50 million shall be  allocated by DAR to ARISE-ARB Program, to be sourced from the remaining/unutilized CAP-PBD funds, to be used as follows:

ELIGIBLE BORROWERS/CONDUITS

• ARB Cooperatives
• Farmers Associations with ARB and SFHs members

 -which and/or whose members have been affected by typhoons, disasters and other

  natural calamities as declared by the NDRRMC or LGUs           .

ELIGIBILITY CRITERIA

• With juridical personality (duly registered with Cooperative Development Authority, Securities and Exchange Commission and other registering agencies)
• With complete/part time or full time Core Management Team (Manager, Cashier/Treasurer and Bookeeper)
• With operations and lending manual in place
• With books of accounts, accounting and internal control system
• Others:
  • With minimum paid-up capital of P15,000.00
  • With past due ratio of not more than 25% before the occurrence of the calamity
  • With capital build-up and savings mobilization program
  • Excluded are those provided with financial support by other government agencies, non-government organizations and private institutions

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 conduit
• Providential Loans - Up to P10,000 per ARB/SFH or Up to P100,000 per conduit

INTEREST RATE

• Livelihood/Agri-Enterprise Loans -  3% per annum
• Providential Loans -   0%

PASS ON RATE

• Livelihood/Agri-Enterprise Loans -  6% per annum
• Providential Loans -   3%

COLLATERAL

• Assignment of sub-borrowers’ promissory notes (PNs) and underlying collateral, if any
• Assignment of Insurance claims, if any. (applicable for livelihood/Agri Enterprise loans only)

BASIC DOCUMENTARY REQUIREMENTS

If availing of livelihood/Agri-Enterprise Loans

Conduits submit the following documents to the LANDBANK Lending Centers (LCs)covering the area:

• Endorsement by DAR of eligible coop/FA borrowers;
• Board Resolution duly signed by signed by the borrowing coop/FA’s Board of Directors
  • Authorizing the coop/FA to borrow funds, negotiate and enter into agreement with LANDBANK (indicating the type of credit facility and amount applied for) and designating at least two (2) officers (with their respective specimen signatures) authorized to endorse Promissory Notes and sign all papers pertaining to loan application
  • Authorizing the designated signatories to sign, endorse loan documents, deed of assignments, notes and other documents pertaining to the loan obtained from LANDBANK;
• List of Incumbent Members of the BODs and principal officers
• Audited Financial Statements for the preceding year/s, if available and interim FS for the current year
• List of members with their corresponding address, work area, farm location and paid-up capital, duly certified by its Secretary and attested by Chairperson;
• Farm Plan and Budget, if applicable;
• Photocopy of manual of operations and accounting and internal control system.

If availing of livelihood/Agri-Enterprise Loans

• Endorsement by DAR of eligibile coop/FA borrowers;
• Certification of the LGUs or Barangays that the area where the conduits are located are under the state of calamity
• List of ARBs/SFHs affected by the natural calamity
• Board Resolution duly signed by the Board of Directors (BOD) of the applicant –
  • Authorizing the coop/FA to borrow funds, negotiate and enter into agreement with LANDBANK (indicating the type of credit facility and amount applied for) and designating at least two (2) officers (with their respective specimen signatures) authorized to endorse Promissory Notes and sign all papers pertaining to loan application;
  • Authorizing the designated signatories to sign, endorse loan documents, deed of assignments, notes and other documents pertaining to the loan obtained with LBP

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