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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
  • Conduits                  

ELIGIBLE PROJECTS

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

LOAN PURPOSES

  • Livelihood/Agri-Enterprise Loans – To augment conduit funds for relending to ARBs/SFHs to finance their livelihood and agri-enterprises projects
  • Providential Loans –to augment  conduit’s funds for relending to member ARBs/SFHs to finance their house or office repairs;

MAXIMUM LOANABLE AMOUNT

  • Livelihood/Agri-Enterprise Loans - Up to  P1.0 Million per farmer/fisherfolk
  • Farmer and Fisherfolk coop/association –Up to P5.0 Million per project per borrower

INTEREST RATE

  •   6% per annum

PASS ON RATE

  • Relending -  0% per annum

COLLATERAL

  • Production
    • Combination of the following:
      • PCIC insurance and/or AGFP guarantee coverage, 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

CONTACT UNITS

  1. Programs Management Department I (PMD I)
    522-0000 locals 7450, 2992, 2804
  2. LANDBANK Lending Centers Nationwide
  3. Customer Care Center
    • NCR-405-7000
    • Toll free for non-NCR-1800-10-405-7000

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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