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