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Manayan Farm, Malalam, Ilagan

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DEVELOPMENT ADVOCACY PROGRAM (LandBank)

DEVELOPMENT ADVOCACY PROGRAM

  • New lending modality
  • Enterprise-based
  • Market driven

Rationale

The DEVELOPMENT ADVOCACY PROGRAM (DEVAD) is a new lending modality which LANDBANK banks on the strength of market contracts purchase orders (P.O.), receivables and other credit enhancement. It veers away from the rigors of traditional lending.

Eligible Accounts

  • Accounts that did not qualify under the bank's regular lending criteria (except character) or without collateral but with viable projects and established/confirmed markets
  • Accounts that make use of non-traditional lending modalities (e.g. receivables financing, purchase order financing)
  • Accounts that make use of credit enhancement instruments (e.g. marketing agreement, guarantee covers)

Eligible Borrowers

  • Cooperatives
  • SMEs
  • Associations
  • Federations
  • NGOs
  • Agri-Business Entities

Eligible Projects 

  • Production
  • Trading
  • Processing
  • Manufacturing

Loan Purpose

  • Production
  • Fixed Asset Acquisition
  • Working Capital

Loanable Amount

For project-based: Loanable amount depends on the project requirements (up to 80% of the project cost).

Loans against receivables and P.O. shall not exceed 70% of their current values.

Interest Rate

The program shall adopt the regular pricing structure for each identified sector/client

Securities

The DevAd accounts shall be secured by any or combination of the following:

  • Assignment of Receivables
  • Assignment of Proceeds of Market Contracts or P.O.
  • Guarantee cover
  • Post-dated checks

For inquiries, please get in touch with:

LANDBANK - Program Management Department I (PMD I)
28th Floor, LANDBANK Plaza.
1598 M.H. del Pilar St. cor. Dr. J. Quintos St., Malate, Manila
Tel Nos. 405 - 7001, 522-0000 and 551-2200 - locals 2307, 2376

or the nearest LANDBANK Lending Center

 Full copy of:

DEVELOPMENT ADVOCACY PROGRAM
https://www.landbank.com/products_dev_advocacy.asp
Land Bank of the Philippines