POULTRY AND LIVESTOCK LOAN

Loan Terms and Conditions

Purpose of Loan

  • To improve agricultural productivity in the rural areas by providing credit assistance to qualified borrowers.
  • Farming of agricultural Livestock like poultry, piggery and quail egg production

Loan Processing Requirements

  • Application Forms duly filled-out and signed by the applicant/s
  • 2 x 2 ID Picture
  • 2 Valid IDs
  • Community Tax Certificate
  • Mayor’s or Business Permit (if applicable)
  • Financial Statements or Income Tax Return (if applicable)
  • Bank Statement/ Passbook for the past three (3) months
  • Certificate of Employment (if applicable)
  • Proof of Billing
  • Photocopy of Title/s
  • REM collateral with proper documentation
  • Tx Declarations, Clearance and Tax Receipt
  • Lot plan with vicinity map
  • MARO/ BARC
  • Proof of ownership of other properties
  • Other documents as may be required:
    • Deed of undertaking
    • Affidavit of non-tenancy of farm lot
    • Affidavit of consent to mortgage family home for residential lot
    • Special power of attorney (if applicable)
    • Waiver of rights

Eligibility Criteria

  • A Filipino citizen
  • 21-65 Years Old
  • Within the present serving area
  • Not engaged in illegal activities
  • Must have a good credit record with banks and other lending institutions
  • With stable source of income
  • With acceptable collateral to cover the amount of loan
  • Not an accommodation
  • Must not been turned down by another branch

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Loan Terms and Conditions

Purpose of Loan

  • Construction of poultry house start-up existing contract growers
    • Types of Climate Control System Building to be financed
      • Single-Decker:
        1. Pre-fabricated
        2. Non-fabricated
      • Double-decker
        1. Pre-fabircated
        2. Non-fabircated
  • Farm acquisition of buy-out of existing buildings
  • Financing of road right-of-way
  • Farm expansion/ rehabilitation
    • Maintenance of existing building, facilities and equipment
  • Other eligible project components/ expenditures (based on billing of materials)
  • Farm office and staff house
  • Electrical equipment
  • Bio-security building/ Bio Rooms
  • Waste water treatment facility
  • Road network inside the farm
  • Guard house
  • Multi-purpose Building (combination of bio-room/ office/ warehouse/ staff house/ guard house)
  • Feed warehouse
  • Power house
  • Owner’s house
  • Perimeter fence and gate
  • Elevated water tank/ deep well

Loan Processing Requirements

  • Initial Requirements:
    • Application Forms duly filled-out and signed by the applicant/s
    • Three (3) pieces of 2 x 2 ID Picture (including the spouse, if any)
    • 2 Valid IDs
    • Community Tax Certificate
    • Photocopy of title/s (with Special Power of Attorney if property is not under the client’s name)
  • Documentation Requirement
    • Letter of intent
    • Filled-out application form
    • Two (2) piefces of 2 x 2 Picture
    • Clear photocopy of latest community tax certificate
    • Mayor’s or Business Permit (if applicable)
    • BIR Form 2303
    • DTI Certificate of Business Registration/ SEC Registration, Articles of Partnership or Incorporation whichever is applicable
    • LGU Permit
    • Environmental compliance certificate
    • Copy of letter of commitment from the integrateo
    • Copy of signed contract between the contract grower and the integrator
    • Copy of building permits, complete building plans, bull of materials and 5-curve.
  • Financial Statements or Income Tax Return (if applicable)
  • Bank Statement/ Passbook for the past three (3) months
  • Certificate of Employment (if applicable)
  • Proof of Billing
  • Photocopy of Title/s
  • REM collateral with proper documentation
  • Tx Declarations, Clearance and Tax Receipt
  • Lot plan with vicinity map
  • MARO/ BARC
  • Proof of ownership of other properties
  • Other documents as may be required:
    • Deed of undertaking
    • Affidavit of non-tenancy of farm lot
    • Affidavit of consent to mortgage family home for residential lot
    • Special power of attorney (if applicable)
    • Waiver of rights

Eligibility Criteria

  • Individual Criteria:
    • A Filipino citizen
    • 16-65 Years Old
    • Within the present serving area
    • Not engaged in illegal activities
    • Applicant is at least one (1) year permanent resident in their community
    • Not an accommodation
    • Must not been turned down by another branch
  • Farm Site Criteria:
    • Minimum land area of one (1) hectare
    • Within an agricultural zone approved by integrators
    • At least one (1) kilometer from the nearest residential area.
    • Reliable source of electric power and potable water
    • All-weather road leading to the farm, passable to light vehicles with 6-10 wheels (trucks)

Loan Rates

  • Based on prevailing and approved interest rate of the bank
  • Subject to yearly repricing.

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