Aquaculture Value Chain Financing Program (Regular Development Loan)

The DBP Aquaculture Value Chain Financing Program is a credit assistance
program that provides comprehensive support to the aquaculture sector by improving credit access at every stage in the value chain (i.e. input supply, production, processing, and marketing) to increase the competitiveness of the entire industry.

Eligible Borrowers

Duly registered medium and large enterprises

Eligibility Criteria

1. 1. Duly registered with the Securities and Exchange Commission (SEC), Department of Trade and Industry (DTI), and Cooperative Development Authority (CDA)
   2. Considered VCA within the aquaculture value chain
   3. No adverse findings
   4. With profitable operations and sound financial condition (based on existing DBP policies and guidelines)

Loan Purpose

• • To finance the following:
    • Working capital
    • Fixed assets acquisition and installation of other support facilities
    • Pond development and/or improvement
    • Establishment of post-harvest facilities
    • Production, processing and marketing of seaweeds and carrageenan

Loan Amount

Minimum of Php15-M or up to 70% of the Total Project Cost (TPC)

Credit Facility

Term loan/Credit Line

Tenor

For Term Loan: Maximum of 10 years payable monthly, quarterly or annually, depending on the project cycle or cash flow

For Credit Line: Up to 180 days Promissory Note, roll-over may be allowed, and not to exceed 360 days (A 10% clean up on the principal prior to roll-over is required)

Grace Period

For Term Loan, Maximum of two (2) years

Interest Rate

Prevailing Market Rate

Loan Security/Collateral

1. 1.  Real Estate Mortgage
   2. Chattel Mortgage/Security Agreement for Movable Assets
   3. Assignment of proceeds from insurance/ surety/guarantee coverage acceptable to DBP
   4. Assignment of 100% receivables arising from the contract/agreement with the anchor firm via execution of Security Agreement for Intangible Assets
   5. Continuing Suretyship Agreement (JSS) or co-makers
   6. Assignment of Deposits with Hold-out and Control Agreement on deposits
   7. Other security arrangements acceptable to DBP

Mode of Release

Staggered/Lump Sum

Documentary Requirements

Basic Requirements:

1. 1.  DBP Loan Application Form and Data Privacy Consent Form
   2. Photocopy of 2 valid/unexpired government issued IDs of borrower/s
   3. Business Permit
   4. Income Tax Returns for the past three years (if applicable)
   5. Financial Statements for the last three years (if applicable)
   6. Statement of Assets, Liabilities and Net worth (SALN) of Principal Borrower/s (if applicable)
   7. Bank Statement for the last 3 months (if applicable)
   8. Signed Agreement with a DBP Partner Integrator/Anchor Firm (if applicable)
   9. Environmental Compliance Certificate (ECC) issued by the Department of Environment and Natural Resources (if applicable)

Specific Requirements:
For Sole Proprietorship:

1. 1. Certified True Copy of DTI Registration

For Partnerships:

1. 1. Certified True Copy of SEC Registration
   2. Latest General Information Sheet and/or additional documents to fully establish beneficial owners of the legal entity
   3. Partnership Resolution authorizing the business relationship and the signatory to sign on behalf of the entity

For Corporations:

1. 1. Certified True Copy of SEC Certificate of Registration
   2. Certified True Copy of Articles of Incorporation and By-Laws
   3. Latest General Information Sheet and/or additional documents to fully establish beneficial owners of the legal entity
   4. Board Resolution duly certified by the Corporate Secretary or equivalent document (e.g. Secretary’s Certificate), authorizing the business relationship and the signatory to sign on behalf of the entity

For Cooperatives:

1. 1. Certified True Copy of CDA Certificate of Registration
   2. Certified True Copy of Articles of Cooperation and By-Laws
   3. Certificate of Compliance issued by CDA (if applicable)
   4. Bio-data of incumbent officers and Board of Directors with photocopy of valid government-issued ID
   5. Board Resolution duly certified by the Corporate Secretary or equivalent document (e.g. Secretary’s Certificate), authorizing the business relationship and the signatory to sign on behalf of the entity

Download Brochure

For loan application, you may contact the DBP Lending unit near you.  Click this for the list of DBP Lending Groups. 

For more information, please contact:

Program Development and Management II Department
Tel. Nos.: (02) 8818-9511 local 2329
E-mail: pdm2@dbp.ph