The Rural Agro-enterprise Partnership for Inclusive Development and Growth (RAPID Growth) Credit Facility is a credit assistance program created to support the RAPID Growth Project of the national government. The RAPID Growth Project was conceptualized by the Department of Trade and Industry (DTI) and funded by the International Fund for Agricultural Development (IFAD).
One of the key features of the RAPID Growth Project is the Conditional Matching Grants. Grant fund support will be provided to qualified proponents to enhance their overall competitiveness level and for the development of the specific agricultural value chain. It is basically aiming to address market failures & institutional deficiencies in terms of access to financing. It also aims to provide the necessary development intervention to help improve agricultural production, productivity, and quality.
Priority Value Chain
- Cacao
- Coffee
- Coconut
- Processed fruits and nuts
Covered Areas
- Region VIII (Leyte, Southern Leyte and Northern Samar)
- Region IX (Zamboanga del Norte, Zamboanga del Sur and Zamboanga Sibugay)
- Region X (Bukidnon, Lanao del Norte and Misamis Oriental)
- Region XI (Davao de Oro, Davao Oriental, Davao Occidental, Davao del Sur and Davao del Norte)
- Region XII (North Cotabato, Saranggani, and Sultan Kudarat),
- Caraga (Agusan del Norte, Agusan del Sur and Surigao del Sur)
- Bangsamoro Autonomous Region in Muslim Mindanao (Maguindanao)
Eligible Borrowers
Any duly registered small and medium enterprises, including cooperatives and farmers organizations who are certified and endorsed by the Department of Trade and Industry as beneficiaries of the RAPID Growth Project.
Eligible Loan Purpose
Beneficiaries may avail of loans to finance their equity counterpart under the matching grant component of the RAPID Growth Program.
Matching Grant
The main feature differentiating the Program is the matching grant provided by DTI. DTI shall finance a portion of the Total Project Cost based on the borrower’s profile and investment purpose.
The matching grant component is summarized as follows:
| Actors level in commodity value chains | Investment purpose | Grant : Equity Counterpart |
| Smallholder producers in mixed farming systems | High yielding planting material and basal fertilizer | 60 : 40 |
| Farmer producer organizations, associations and cooperatives | Post-harvest processing and storage facilities | 60 : 40 |
| Small enterprises privately or collectively owned, expanding services to value chain stakeholders | Post-harvest processing and storage facilities; processing and manufacturing equipment | 30 : 70 |
| Medium enterprises ≤ PHP 50M assets, privately or collectively owned, expanding services to value chain stakeholders | Priority to firms specifically addressing environment and climate change, OFWs, IPs, women, CSR and public good investment | 20 : 80 |
Credit Facilities
Term Loan
Loanable Amount
Up to 90% of the total project cost net of the matching grant with minimum loanable amount of Php 5.0 Million.
Interest Rate
Prevailing Market Rate
Grace Period
For term loans, a grace period of up to three (3) years on principal repayment may be granted based on the gestation period of the project.
Loan Tenor
Maximum of ten (10) years inclusive of grace period.
Loan Security/Conditions
May be any or combination of the following:
- Real Estate and/or Chattel Mortgage on object of financing
- Guarantee coverage from guarantee institutions
- Insurance cover on the project financed, endorsed in favor of the Bank
- PCIC insurance cover on the crops, endorsed in favor of the Bank; and
- Other security arrangements acceptable to DBP
- Assignment of Receivables
- Hold-out on deposits
Mode of Release
Lump sum/Staggered
Minimum Documentary Requirements
- Letter of Intent
- DBP Application Forms
- Endorsement Letter from DTI
- Signed Market Agreement (if applicable)
- Photocopy of valid government-issued ID of authorized signatory/ies
- Audited Financial Statements and Income Tax Returns for the last three (3) years duly stamped as received by the Bureau of Internal Revenue (BIR);
- Latest Business Permits (Mayor’s Permit and Barangay Permit);
- Business Plan/Detailed Investment Plan submitted to DTI (if applicable);
- Certified True Copy of DTI/SEC/CDA Certificate of Registration
Specific Requirements
Specific Requirements for Farmers Organization and Federation
- Certified True Copy of SEC Certificate of Registration;
- Certified True Copy of Articles of Incorporation and By-Laws;
- Latest General Information Sheet and/or additional documents to fully establish beneficial owners of the legal entity;
- 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 in behalf of the entity
Specific Requirement for Sole Proprietorship
- Certified True Copy of DTI Registration
Specific Requirements for Partnerships
- Certified True Copy of SEC Registration
- Latest General Information Sheet and/or additional documents to fully establish beneficial owners of the legal entity
- Partnership Resolution authorizing the business relationship and the signatory to sign in behalf of the entity
Specific Requirements for Corporations
- Certified True Copy of SEC Certificate of Registration;
- Certified True Copy of Articles of Incorporation and By-Laws;
- Latest General Information Sheet and/or additional documents to fully establish beneficial owners of the legal entity;
- 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 in behalf of the entity
Specific Requirements for Cooperatives
- Certified True Copy of CDA Certificate of Registration;
- Certified True Copy of Articles of Cooperation and By-Laws;
- Certificate of Compliance issued by CDA, if applicable
- Bio-data of incumbent officers and Board of Directors with photocopy of valid government-issued ID;
- 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 in behalf of the entity
For inquiries, feel free to contact the following numbers:
Program Development and Management II Department
Tel. No.: (02) 818-9511 local 2327 or 2329
E-mail: pdm2@dbp.ph or pdm2-lpdu@dbp.ph
For loan application, you may contact the lending units near you:
Metro Manila Lending Groups
Raquel C. Atienza
Corporate Banking Group
Tel. Nos.: (02) 8812-6536
E-mail: rcatienza@dbp.ph ; cbg@dbp.ph
Lea Vanessa C. Delos Reyes
Corporate Banking I Department
Tel. Nos.: (02) 8893-8940
E-mail: lvccotaz@dbp.ph; cbd1@dbp.ph
Jennifer L. Benedicto
Corporate Banking II Department
Tel. Nos.: (02) 8892-8369
E-mail: jlbenedicto@dbp.ph; cbd2@dbp.ph
Jose B. Jao III
Financial Institutions Department
Tel. Nos.: (02) 8818-9511 loc. 3317
E-mail: jbjao@dbp.ph; fid@dbp.ph
Gerard Boz C. Tungol
Public Sector Department
Tel. Nos.: (02) 8815-0908
E-mail: gbctungol@dbp.ph; psd@dbp.ph
Jeanne D. Adamos
SME Retail and Mid-Market Lending Group
Tel. Nos.: (02) 8893-1177
E-mail: jdadamos@dbp.ph; smermmlg@dbp.ph
Rosanna M. Mina
Middle Market I Department
Tel. Nos.: (02) 8818-9511 loc. 3322
E-mail: rmmina@dbp.ph; mmd1@dbp.ph
Jeanne D. Adamos
Middle Market II Department
Tel. Nos.: (02) 8818-9511 loc. 3313
E-mail: jdadamos@dbp.ph; mmd2@dbp.ph
Myra G. Almogino-Calara
SME (NCR) Department
Tel. Nos.: (02) 8812-9932
E-mail: mgalmogino@dbp.ph; smed@dbp.ph
Provincial Lending Groups
Kindly proceed to this link.