The Philippine swine industry plays a crucial role in the country’s food security, especially concerning pork supply. The Land Bank of the Philippines recognizes the significance of sustaining and fortifying this industry. To aid in this endeavor, the Land Bank of the Philippines has launched the SWINE Lending Program, a special financial support initiative aimed at empowering commercial hog raisers, cooperatives, small and medium enterprises, and large corporations engaged in swine production.
Program Overview:
Objective: The SWINE Lending Program primarily serves to provide financial assistance to the swine industry, covering various aspects of the swine value chain, from production to allied businesses.
Eligible Borrowers and Projects:
- Commercial hog raisers registered as cooperatives, farmers’ associations, SMEs, or large enterprises.
- Eligible projects include swine production, feedmilling operations, and allied businesses like abattoirs and meat processing.
Loan Purpose:
- Swine production, working capital, building construction or improvement, land development, fixed assets acquisition, and more.
Credit Facility:
- The credit facility offers Short-Term Loan Lines (STLL) and Term Loans (TL) to support different project requirements.
Loanable Amount:
- Borrowers can access up to 80% of the total project cost, offering flexibility in financial coverage.
Loan Tenor:
- Varying tenor options are available, aligning with project-specific needs, with grace periods on principal and interest in line with project cash flow.
Interest Rate:
- Initially fixed at a competitive 3% per annum for the first three years, subject to repricing based on market rates.
Collateral and Credit Enhancers:
- The program accepts various collateral types and provides credit enhancement instruments, ensuring a broad spectrum of financial security measures.
Documentary Requirements:
- Stringent yet comprehensive documentation is required to ensure compliance, biosecurity adherence, and financial viability, offering borrowers a clear roadmap for their projects.
Why Choose Land Bank’s SWINE Lending Program?
- Competitive Rates: The initial fixed interest rate of 3% per annum is tailored to support your venture’s growth for the first three years.
- Flexible Tenor: The program offers multiple tenor options, ensuring that your repayment structure aligns with your project’s specific financial cycle.
- Comprehensive Support: Beyond financial aid, the program provides a wealth of resources and guidance to ensure project compliance and success.
- Security Measures: With various collateral options and credit enhancement instruments, your investment is safeguarded throughout the loan tenure.
Conclusion:
We offer our Anti-ASF hog feeds at special discount rates, farm support and prompt feeds delivery programs for those who avail of this loan.
The Land Bank of the Philippines’ SWINE Lending Program stands as a beacon for commercial hog raisers, cooperatives, SMEs, and large enterprises engaged in swine production. Through this initiative, the bank is not just providing financial support but ensuring the sustainability and growth of the Philippine swine industry.
To secure your future in swine production and allied businesses, the Land Bank’s SWINE Lending Program stands ready to support your aspirations. Contact a branch today to explore how this program can aid in nurturing your hog enterprise and contributing to the country’s food security.
Contact Information: For inquiries and applications, please contact the Land Bank of the Philippines or visit their nearest branch to learn more about the SWINE Lending Program.
https://www.landbank.com/loans/loans-to-farmers-fishers/for-farmers/swine-lending-program
You also download the brochure here.
