PILFAME

AGRICULTURAL CREDIT GUARANTEEFOR RURAL PRODUCTIVITY -

Production, Inputs and Labor Facilities,Machineries and Equipment

AGRICORP

AGRICORP PILFAME

is the new flagship guaranteeprogram of the revitalized Quedancor that rears agri-fishery business through credit guarantee.

AGRICORP-Production, Inputs and Labor Facilities,Machineries and Equipment (PILFAME) is aguarantee program for start-up and expansion oflivelihood and agri-fishery related projects. Itencourages more lending entities to lend to viableagrifishery organizations.

Farmers, fisherfolk, rural workers, retailers,wholesalers, sole proprietors, rural cooperativesLGUs, ABEs, NGOs/POs, federations, partnerships,corporations, irrigators’ association and similarorganizations.

Production inputs/labor by duly registeredand viable rural cooperatives;

cquisition/fabrication and upgrading/repairof agri-fishery machinery/ implement andequipment,

livestock andpoultry, high value commercial crops and itsby-products.

WHO MAY AVAIL?

ELIGIBLE PROJECTS

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construction/acquisition/upgrading of agri-fisheries facilities orstructure and the like;Marketing/trading/distribution/retailing/wholesaling, packaging, processing ormanufacturing of agri-fishery commoditiessuch as grains, fisheries,

GENERAL REQUIREMENTS

ADDITIONAL REQUIREMENTS:

accreditation with Quedancor

Group Credit Life Insurance, if applicable

If client is a cooperative-wholesaler:

1) must have a satisfactory management capabilityto undertake lending capability as evidenced by:

2) must pass the following criteria:

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must own the project site/business or musthave a long-term lease agreement with theowner of the sitemust not have an outstanding past due loanwith the lending entity or Quedancormust have sufficient knowledge/experienceor willing to undergo training on the projectmust be duly registered/licensed byappropriate government agency

at least 2 years satisfactory track record inlending operations,financial and internal control systemsconsistent with generally acceptableaccounting principles; andfull time and qualified management staff

latest networth of at least P300,000acceptable long term debt to equity ratio notexceeding 5:1;past due rate of not more than 25% orcollection rate for current loans of not lessthan 70% and

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with positive growth of capitalaccounts/assets and positive trend inprofitability for the last two years ofoperations

Chattel Mortgage of machinery/equipment/facility subject of loan or directly related tothe project

Trust Receipt/Continuing Deed ofAssignment of Stocks-In-Trade with TrustReceipt;Deed of Assignment of Bonds/Risk-FreeAssets such as Cash/Time Deposits,Government Securities, Investments andthe like;Deed of Assignment of Acceptable Sharesof Stocks in Government and PrivateCorporations; and/orDeed of Assignment ofProceeds/Receivables from POs

COLLATERAL / SECURITY REQUIREMENTS

The LE may require the borrower to submit any ora combination of the following:

Real Estate Mortgage (REM);

In addition, all authorized representatives ofcooperatives, corporations, associations and otherentities, shall execute Joint and SeveralSignatures.

WHERE TO SUBMIT APPLICATION FORMS?

LOANABLE AMOUNT

INTEREST RATE

WHO WILL RELEASE THE LOAN?

TERM OF LOAN

The borrower shall submit the complete loanrequirements to the Lending Entity (LE) which shallconduct evaluation, background and creditinvestigation and appraisal of collateral.

Loan amount shall be based on the submitted creditportfolio or list of beneficiaries with theircorresponding agri-fishery projects.

Interest rate and other bank charges shall be at thediscretion of the LE.

The Lending Entity shall release the loan in full or intranches depending on the fund requirements of theproject/activity.

The term of loan shall be based on the type of loanor project, as follows:

Production/Inputs & Labor projects -maximum of 3 years

Acquisition/Fabrication/Repair of AgriFishery Machinery & Equipment- maximum of 5 years provided loan will notexceed 50% of the optimum economic life ofthe machinery and/or equipment.

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Acquisition and Construction/Repair of Agri-Fishery Facilities /Structures - maximum

period of 7 years but not to exceed 50% ofthe optimum economic life of the facility

Marketing/Trading/Processing/Manufacturing- maximum of 3 years

The loan shall be payable monthly, quarterly, semi-annually or other mode of payment deemedappropriate depending on the type of loan,commodity and/or cash flow of the project asrecommended/ approved by the lending entity andconcurred by the authorized signatories ofQuedancor.

The borrowers shall pay the loan amortizationdirectly to LE which shall issue the correspondingofficial receipts (OR) on the scheduled amortizationdates specified in the Promissory Notes.

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MODES OF PAYMENT

WHERE TO PAY?

QUEDANCOR CENTERQuedan and Rural Credit Guarantee Corporation

No. 34 Panay Ave., Quezon CityTel. Nos.: (02) 376-4790 Telefax: (02) 376-4786

Text Hotline:0999-7249955 - Smart0927-9217989 - Globe

E-mail: pio_quedancor@yahoo.com