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RAPID Growth Credit Facility

The Rural Agro-enterprise Partnership for Inclusive Development (RAPID) and Growth Credit Facility

The Rural Agro-enterprise Partnership for Inclusive Development (RAPID) and Growth Credit Facility or RAPID Growth Credit Facility is a collaborative undertaking by the LANDBANK and DTI that aims to increase the income of small farmers and unemployed rural men and women.


Initial implementation in the following regions:

  • Region VIII (Leyte, Southern Leyte and Northern Samar)
  • Region IX (Zamboanga del Norte, Zamboanga del Sur and Zamboanga, Sibugay)
  • Region X (Bukidnon, Lanao del Norte and Misamis Oriental)
  • Region XI (Davao de Oro, Davao Oriental, Davao Occidental, Davao del Sur and Davao del Norte)
  • Region XII (North Cotabato, Sarangani, and Sultan Kudarat)
  • Caraga (Agusan del Norte, Agusan del Sur and Surigao del Sur)
  • Bangsamoro Autonomous Region in Muslim Mindanao (Maguindanao)


  • Cooperatives
  • Farmers Associations/Organizations
  • Non-Government Organizations (NGOs)
  • Micro, Small, and Medium Enterprises (MSMEs)


  • Endorsed by the Department of Trade and Industry (DTI)
  • Must pass the Bank’s Risk Asset Acceptance Criteria (RAAC)


  • Production of cacao, coconut, coffee and processed fruits and nuts, including the development of new plantation, replanting, rejuvenation, rehabilitation of old trees
  • Establishment of nursery, budwood/mother plant/parent clone gardens
  • Post-harvest activities (fermentation, drying,) and processing/manufacturing (roasting, grinding/milling, packaging, storing)
  • Trading


  • Fixed Asset Acquisition
  • Building Construction
  • Production Loan
  • Working Capital/Commodity Loan
  • Permanent Working Capital


Until July 08, 2024


  • Short Term Loan Line (STLL)
  • Term Loan (TL)


Up to 90% of the project cost, net of the matching grant amount



  • Fixed at 5% per annum (p.a.) for 3 years, subject to repricing thereafter based on market rate but shall not be lower than 5% p.a.
  • For Relending - Based on market rate per client sector but not more than 5%. Pass-on rate shall not be more than 10%, exclusive of reasonable fees and charges


  • Production, based on crop cycle/gestation and payback period of the project
  • For Fixed Asset Acquisition, based on project cash flow but not more than the economic useful life of fixed assets or remaining useful life for secondhand/refurbished machines
  • For Permanent Working Capital, 3 years
  • For Working Capital, via Promissory Notes (PNs) of up to 360 days


Grace period may be granted depending on the projected cash flow


Any or a combination of the following:

  • Collateral
    1. Real Estate Mortgage (REM)
    2. Chattel Mortgage
    3. Other collaterals acceptable to the Bank
  • Credit Enhancers
  1. Assignment of Receivables/Purchase Orders
  2. Assignment of Sales Proceeds of Expected Produce
  3. Assignment of “quedan receipts” issued by the cold storage firm or bonded warehouse
  4. All other available credit enhancement instruments e.g., assignment of insurance claims, Production, Technical and Marketing Agreement (PTMA), cash capture mechanism thru Debt Service Reserve Account, guarantee from Credit Surety Fund, Agricultural Guarantee Fund Pool, among others, as applicable


For all types of borrowers

  • DTI endorsement
  • Duly Filled Out Loan Application Form
  • Project Proposal
  • Business Plan (including Financial Projections, Source of Equity, List of Suppliers/Markets or Buyers and Contact Numbers)
  • For Production Loan: Farm Plan and Budget
  • For Construction/Repairs and Renovation: Cost Estimates/ Building Plan and Specification/Bill of Materials and Work Program/Building Permit
  • For Acquisition of Machinery/Equipment: Price Quotation of Machinery/Equipment to be acquired
  • For Existing Business
  1. Income Tax Return for the past three (3) years
  2. Audited Financial Statement for the past three (3) years
  3. Latest Interim Financial Statements (FS)
  • Collateral
  1. REM Photocopy of the following:
    1. Title
    2. Tax Declaration
    3. Real Estate Tax Receipt and Clearance
    4. Location Map/Vicinity Map
    5. Building Plans/Architectural Design, Bill of Materials of land development & building improvements
  2. Chattel Mortgage: Evidence/Affidavit of Ownership of Existing Machineries/Equipment (e.g. OR/CR of vehicle)

Additional requirements

  • For Single Proprietorship

1.   Certificate of Registration with DTI

  • For Cooperatives/Association/NGO Certified true copy of the following:
  1. Certificate of Registration with Cooperative Development Authority (CDA)/SEC
  2. CDA Certificate of Compliance
  3. Articles of Cooperation/Incorporation and By-laws
  4. List of members with corresponding address, farm location and paid-up share capital duly certified by its secretary and attested by the chairperson
  5. Certified list of Board of Directors and Key Officers (Manager or President, Treasurer/Cashier and Bookkeeper) together with their Bio-data and Tax Identification Number
  6. Board Resolution authorizing the cooperative/ association/corporation to borrow and designating at least 2 officers to negotiate and sign loan documents

Loans to Fishers

I want to see other loans to farmers

Contact Us

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(+632) 405-7000
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