The DA-ACPC – DBP BuyANIhan Credit Program is a credit facility which aims to elevate direct engagement of rice cooperatives in the rice industry value chain by providing credit access to working capital requirement. The program serves as an organized approach to channel financing to the agriculture sectors and promotes financial inclusion.
Eligible Borrowers
Cooperatives with ice farmer-members
Eligible Loan Purpose/s
To finance the working capital requirement for buying palay.
Eligibility Criteria
The borrower must meet the following:
1. Duly registered with the Cooperative Development Authority (CDA);
2. No adverse unresolved findings in relation to Credit Investigation (CI) and Watchlist Validation (specifically charges of unlawful activities);
3. Should have strong back-office support with defined operational structure;
4. Must exhibit profitable operations and sound financial condition;
5. Has met the capital requirement of CDA or not less than ₱30,000.00, as applicable;
6. With proven track record or familiarity in trading and marketing business; and
7. Must have facilities/equipment for the trading/marketing operations.
Credit Facility
Credit Line
Loanable Amount
Up to 100% of the maximum inventory level based on the warehouse/storage capacity.
Loan Tenor
One (1) year loan line, renewable annually. Available via 180-days Promissory Note. Roll-over may be allowed subject to at least 10% clean up.
Repayment Terms
Payable at maturity date
Interest Rate
No interest
Service Fee
One-time service fee of 3.50%, computed based on the approved loan amount, payable upfront or to be deducted from the initial loan release. Gross Receipts Tax (GRT) for the account of the borrower.
Loan Securities/Collaterals
Any or a combination of the following, if applicable/case-to-case basis:
a. Unregistered Real Estate Mortgage
b. Unregistered Chattel Mortgage
c. Assignment of proceeds from insurance/guarantee claims such as Philippine Crop Insurance Corporation (PCIC), Agricultural Guarantee Fund Pool (AGFP) and Credit Surety Fund (CSF)
d. Applicable Insurance cover on the facilities/chattel financed endorsed in favor of the Bank
e. Assignment of receivables via execution of Security Agreement for Intangible Assets (SAFIA)
f. Other security arrangements acceptable to DBP
Documentary Requirements
The borrower shall submit the following:
1. DBP Agricultural & Fisheries Enterprise Loan Application Form and other Bank Forms;
2. Certified True Copy of Certificate of Registration from the CDA;
3. Certified True Copy of Certificate of Compliance from CDA, as applicable;
4. Bio-data of incumbent officers and Board of Directors with government-issued ID, as applicable;
5. Board Resolution authorizing the cooperative to borrow, and designating authorized signatories;
6. Audited Financial Statement for the last year or latest interim financial statement, as applicable;
7. Business Plan, as applicable;
8. Current year Business Permit; and
9. Certified True Copy of Articles of Cooperation and By-Laws
Contact Details
For more information, please contact:
Program Development and Management II Department
Tel No.: (02) 8818 – 9511 local 2330/2329/2349
Email: pdm2@dbp.ph / pdm2-lpdu@dbp.ph
Please note that submission of additional documents may be required, depending on the evaluation of the Lending Center.