ADP – CROP Loan

Loan use - was designed to cater to small farmers

Loan Package

  • Individual loan
  • Microsavings
  • Training/Center Activities
  • Fixed Php5,000 Client Assistance Program (CAP) Benefits
  • Micro-Insurance Program

Loan Term

  • 3 to 5 Months

Mode of Payment

  • Lump sum payment of principal
  • Monthly payments of interest and capital build up

Minimum Amount

  • Php5,000.00

Maximum Amount

  • Php 75,000.00 for Rice and Corn
  • Php 100,000.00 for Vegetables and Onion

Interest

  • 2.5%  monthly straight line

Charges 

  • Pre-deducted from loan
    • Loan Redemption Fund- 1.5%
    • Loan Service Fee- 1%

Requirements

  • Photocopy or certified true copy of land title / tax declaration which is free from any encumbrance.  For tenants who cannot provide a photocopy of land title / tax declaration, loan amount is limited to Php 10,000.00 per hectare but not more than Php25,000 for new clients
  • Barangay certificate or Municipal Agriculture Office certificate indicating land area
  • Certificate of Tenancy indicating land area (for tenants only)
  • Deed of assignment of harvest (signed by the client and spouse or client and parent)
  • Certificate of non-tax delinquency
  • Original Barangay clearance for the current year with dry seal
  • At least 2 pictures with different angles of the land prepared for planting or land newly planted
  • 4 copies of 1.5 x 1.5 colored ID picture

Co-makers

  • Original Barangay clearance for the current year with dry seal
  • 2 co-makers for more than Php25,000 loan and 1 co-maker only for a loan of Php25,000 and below.
  • Co-makers are either employed or engaged in business and are not RPMI clients
  • Co-makers should not be within 1st degree of consanguinity (parents and children)\
  • Employment certificate and employment ID are required for co-makers who are employed, for co-makers engaged in business, a photocopy of the business permit
  • 1 copy of 1.5 x 1.5 colored ID picture