LAND BANK OF THE PHILIPPINES (LBP)
1598 M.H. Del Pilar corner Dr. J. Quintos Streets, Malate, Manila
Program Title: DEVELOPMENT ADVOCACY (DevAd) PROGRAM
Program Objectives: DevAd Program is an innovative lending program for enterprises with viable and sustainable projects, but lacking in collateral or do not have a track record.
Eligibility Criteria:
* Accounts that could not comply with LBP’s lending criteria but with viable projects
* Make use of credit enhancement instruments such as market contracts, post-dated checks and guarantee
* Make use of purchase orders or receivables financing
Eligible Borrowers:
* Cooperatives
* Federations
* Associations
* Non-Government Organizations (NGOs)
* Small and Medium Enterprises
* Agri-based entities
Loan Purpose:
* Production Loan
* Working Capital
* Fixed Assets Loan
Terms/Requirements:
Loan Amount:
* Depends on the requirement of the project, maximum of 80% of the total project cost
* Loans against receivables and POs shall not exceed 70% of their outstanding values
Loan Securities:
* Assignment of receivables
* Assignment of proceeds of market contract
* Guarantee cover
* Post-dated checks
Contact Details:
Programs Management Department I (PMD I)
Phone: (632) 522.0000; (632) 551.2200 locals 2376; 2307; 2384; (632) 405.7427
Fax: (632) 528.8542
E-mail: ddomingo@mail.landbank.com;
hbautista@mail.landbank.com
Originally posted 2017-08-04 13:11:06.
