The Coconut Farmers and Industry Development (CFID) Lending Program meant to extend credit assistance to coconut farmers and their organizations - particularly the poor and marginalized - to attain increased incomes, alleviate poverty, and achieve social equality, in line with the objective of RA No. 11524, known as Coconut Farmers and Industry Trust Fund (CFITF) Act
| ELIGIBLE BORROWERS | • Individual coconut farmers • Cooperatives and Associations of Coconut Farmers | |
| LOAN PURPOSE | • Loan Purpose • Production • Working capital • Acquisition of machinery and equipment • Establishment of facilities • Relending and rediscounting | |
| LOANABLE AMOUNT | At least P 50,000.00, but not to exceed the following: • For production loan/ working capital/ fixed asset acquisition/ relending: up to 90% of the total project cost or financing requirement • For rediscounting: Up to 90% of face value of the sub-PN or its outstanding balance in current status, whichever is lower | |
| INTEREST RATE | Direct Lending – 2% per annum On-Lending: 0% p.a Pass-On Rate - Not to exceed 6% p.a., (inclusive of other fees and charges) |
