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Swine Repopulation, Rehabilitation and Recovery (Swine R3) Credit Program

The Swine Repopulation, Rehabilitation and Recovery (Swine R3) Credit Program is a credit window to support the national government’s efforts in the recovery and repopulation of the local swine industry through financing of bio-secured farm projects.

Regular Development Loan

Eligible Borrowers

    • Duly registered private enterprises
    • Local government units

Eligible start-up companies/investors are those involved in:

    • Projects under a lease contract arrangement
    • Swine contract growing projects – on the condition that a dedicated Farm Manager is placed by the Integrator, and a Dispute Resolution is provided in writing between the Borrower and the Integrator for every swine contract growing project to be financed.

Eligible Loan Purpose

Construction of biosecured swine farm projects including acquisition of farm machineries and equipment

Eligibility Criteria

    • Duly registered with the SEC, DTI, or CDA
    • Approved swine growing contract with the
      DBP-accredited Integrator
    • No adverse findings
    • Profitable operations and sound financial
      condition

Eligible Projects

    • Swine Breeder Farm
      • Swine Breeder Farm with lease contract agreement with DBP-partner integrator
      • Swine Contract Breeding Farm Projects with DBP-partner integrator
      • Commercial Swine Breeder Farm
    • Swine Wean-to-Finish Farm
      • Wean to Finish Farm with lease contract agreement with DBP-partner integrator
      • Swine Contract Growing Projects with DBP-partner integrator
      • Commercial Wean-to-Finish Farm
    • Consolidated Swine Facility Projects

Loanable Amount

  • Private Enterprises – Up to 70% of total project cost
  • Local government units – Up to 100% of total project cost

Type of Facility

  • Term Loan

Loan Tenor

  • Maximum of ten years

Interest Rate

  • 5.0% p.a. fixed for 5 years, subject to repricing based on BVAL plus equivalent minimum credit spread on succeeding years with floor rate of 5.0% p.a.

Collateral Security

    1. Real estate mortgage
    2. Chattel mortgage/ Security Agreement for Movable Assets
    3. Insurance/ guarantee coverage endorsed in favor of DBP
    4. Continuing suretyship or co-makership
    5. Assignment of IRA and/or other funds with hold-out on deposits equivalent to 1 average amortization
    6. Hold-out on deposit/Assignment of Deposit with Hold-Out and Control Agreement
    7. Deed of Assignment of 100% receivables arising from the agreement with the DBP partner integrator/ Deed of Assignment for Intangible Assets.
    8. Other security arrangements acceptable to DBP

Documentary Requirements

    1. Loan Application and Data Privacy Consent Forms
    2. Brief Company Profile
    3. Photocopy of Certificate of Registration or Clearance from concerned government agency
    4. Photocopy of Articles of Incorporation/Cooperation and By-Laws and their amendments if any
    5. Current year’s business permit
    6. Biodata of incumbent officers and Board of Directors with Identification cards
    7. Board Resolution authorizing the organization to borrow and designating authorized signatories
    8. Audited financial statements
    9. Latest interim financial statements
    10. Letter from the Bureau of Animal Industry (BAI) stating that the farm is in an area where there have been no recorded cases of ASF for more than 90 days; and that the farm has at least a Biosecurity Level I classification
    11. Certification or any similar document from reputable trainers (DA – ATI / BAI, integrators, feed companies, TESDA) that the borrower has undergone training on biosecurity management, if applicable
    12. Endorsement/ Notice of Approval from Integrator
    13. Agreement with an integrator
    14. Environmental Compliance Certificate (ECC) or Amended ECC
    15. Accredited or Designated Pollution Control Officer (PCO)

Download Brochure

National Government Funded Programs

Eligible Borrowers

    • Small business enterprises including start-up commercial hog raisers duly registered with
      SEC, DTI, or CDA

Eligible Loan Purpose

    • Construction of biosecured swine farm projects including acquisition of farm machineries and equipment.

Eligibility Criteria

    • Duly registered with the SEC, DTI, or CDA
    • With approved swine growing contract with
      a DBP-accredited integrator
    • No adverse findings
    • Must exhibit profitable operations and
      sound financial condition

Eligible Projects

    • Swine Contract Growing Projects with DBP-partner integrator

Eligible Projects

    • Swine Contract Growing Projects with DBP-partner integrator

Loanable Amount

    • Up to 90% of total project cost with a minimum loan amount of Php5 million but not to exceed Php15 million

Type of Facility

    • Term Loan

Loan Tenor

    • Maximum of eight (8) years

Service Fee

3.50% p.a. fixed for the entire term of the loan

Collateral Security

    1. Assignment of proceeds from insurance/surety/guarantee coverage acceptable to DBP
    2. Assignment of inventory and 100% receivables arising from the contract/ agreement with the integrator
    3. Continuing suretyship (JSS) or comakership
    4. Hold-out on deposit
    5. Other security arrangements acceptable to DBP

Documentary Requirements

    1. Loan Application and Data Privacy Consent Forms
    2. Photocopy of Certificate of Registration or Clearance from concerned government agency
    3. Current year’s business permit
    4. Biodata of incumbent officers and Board of Directors with Identification cards
    5. Board Resolution authorizing the organization to borrow and designating authorized signatories
    6. Audited financial statements
    7. Latest interim financial statements
    8. Letter from the Bureau of Animal Industry (BAI) stating that the farm is in an area where there have been no recorded cases of ASF for more than 90 days; and that the farm has at least a Biosecurity Level I classification
    9. Endorsement/ Notice of Approval from integrator
    10. Agreement with an integrator
    11. Environmental Compliance Certificate (ECC) or Amended ECC
    12. Accredited or Designated Pollution Control Officer (PCO)

Download Brochure

 

For more information, please contact:

Aaron Ashley D. Diaz
Project Development Officer
Program Development and Management II Department
(02) 8818-9511 local 2330
E-mail: aaddiaz@dbp.ph

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