ADP - Livestock Loan

Loan use - designed for hog growers

Loan package

  • Individual loan
  • Microsavings
  • Provision of Technical Assistance
  • Center Activities
  • Fixed Php5,000 CAP Benefits
  • Micro Insurance Program
  • Client Wellness Program

Minimum Amount

  • Php 5,000.00

Maximum Amount

  • Php 5,000 per hog up to 20 hog

Loan term

  • 3 to 5 months

Mode of Payment

  • Lump sum payment of principal
  • Monthly payments of interest and microsavings

Interest

  • 2.5%  monthly straight line

Charges 

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

Qualifications

  • 18 - 70 years old
  • Physically capable to meet the demands of maintaining a piggery
  • Permanent resident of the barangay with at least 1year stay
  • With good moral character

Requirements

  • Photos of pigs and pigpen
  • Deed of assignment of pigs (signed by the client and spouse or client and parent)
  • Original Barangay clearance for the current year with dry seal

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