The YESAP is available to young agri- entrepreneurs, in a more convenient scheme that has been tailored to their needs.

ELIGIBLE BORROWERS

Micro, Small and Medium Enterprises (MSMEs) registered as Sole Proprietorship

ELIGIBILE CRITERIA

The MSMEs must pass the following criteria:

• 18 to 35 years old upon loan application (Existing borrowers under the program may still re-avail/renew/re-establish loans under the program whose age is more than 35 years old)
• Graduate of at least secondary education or vocational course duly registered with the DTI
• With no adverse findings on character
• With viable project (whether start-up to actualize business idea or expansion of existing business endeavor)
• Must have attended the credit-worthiness training and other skills trainings, such as Entrepreneurial, Farming Literacy and Technical/Skill training thru the LANDBANK Countryside Development Foundation, Inc. (LCDFI), Technical Education and Skills Development Authority (TESDA)* or other training institutions accredited/licensed by the Government*
  • Subject to forging a tie-up

ELIGIBLE PROJECTS

• Agricultural and Fishery Production
• Trading, processing, servicing and distribution of agricultural crops and commodities

AVAILABLE CREDIT FACILITY

• Short-term Loan Line
• Domestic Bills Purchase Line
• Term Loan

LOAN PURPOSE

• Working capital – including land acquisition, provided it will be used for the project
• Purchase of farm inputs, tools, equipment and farm implements
• Construction of mill, storage, dryer and other facilities

MAXIMUM LOANABLE AMOUNT

• Generally, depending on the requirement of the borrower but not more than 90% of the total project cost*
• Minimum of P50,000 per borrower
• For land acquisition - based on loan value but not more than 20% of the total project cost*
  • Summation of costs of all project components including the cost of the land to be acquired.