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Agricultural Competitiveness Enhancement Fund (ACEF)


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 to establish an agricultural lending program that enhances competitiveness of target project beneficiaries or sectors especially the small farmers and fisherfolk.

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    

ELIGIBLE PROJECTS/ LOAN PURPOSE

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

MAXIMUM LOANABLE AMOUNT

Loanable amount is up to ninety percent (90%) of the total project cost, but not to exceed the ff:

  • ₱1 Million per individual farmer/fisherfolk; and
  • ₱5 Million per project loan per farmers and fisherfolk cooperative and association, and MSE

 

INTEREST RATE

  •  2% per annum

COLLATERAL           

  • Production
    • Combination of the following:
      • Assignment of insurance proceeds, 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

Loan Programs

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I want to know more

Customer Care DescriptionCustomer Care Hotline
(+632) 405-7000
PLDT Domestic Toll Free
1-800-10-405-7000
Email Address
customercare@mail.landbank.com

Where to find a LANDBANK Lending Center?

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