Experience Effortless Banking

PROGRAM PARTNERS AND THEIR BASIC ROLES
• Agricultural Credit Policy Council (ACPC) – provides support funds and conducts evaluation
• National Food Authority (NFA) – provides market for palay
• National Irrigation Administration (NIA) – identifies, mobilizes and guides Irrigators Associations (IAs) to become credit consolidators
• Agricultural Training Institute (ATI) – provides extension and training services on organizational strengthening, including financial management and credit discipline to small farmers
• Philippine Crop Insurance Corporation – provides insurance coverage for loans under the program

ELIGIBLE PROJECTS
• Palay Production
• Corn Production

ELIGIBLE BORROWERS
• Small palay and corn farmers in irrigated lands including those registered in the Registry System for Basic Sectors in Agriculture (RSBSA)

ELIGIBLE CRITERIA
A. For Service Conduits
1. Irrigators Association
• Must be in good standing as certified by NIA or Municipal Agriculturist if the IA is supervised by the LGU
2. Small Water Impounding System Association (SWISA)
• Must be in good standing as certified by the Bureau of Soils and Water Management (BSWM)
B. For Small Palay Farmers
• Owns or tills at least ½ hectare of irrigated rice land but not to exceed 5 hectares*
• A member in good standing of an Irrigators Association (IA) or Small Water Impounding System Association (SWISA)
• Has no outstanding loan for palay production purposes with LANDBANK and other financing institutions at the time of loan application
• Attended a seminar on financial education or any similar training to be conducted by ATI

*with a title or other properties/assets acceptable to LANDBANK for
safekeeping.

OTHER FEATURES
• Incentives are given to Irrigators Associations that provide administrative support to small palay farmers-borrowers provided that their loans are paid on time and at least 90% collection fee is achieved
• Farmers-beneficiaries are required to open their respective LANDBANK DA Sikat Saka ATM accounts