February 26, 2020
Dear Renaldo Lofranco Bautista,
Greetings!
Thank you for your request dated February 25, 2020 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your request
You asked for Start small business.
Response to your request
The Department of Agriculture (DA), thru the Agricultural Credit Policy Council (ACPC), launched the Kapital Access for Young Agripreneurs (KAYA) and Agri-Negosyo, on January 24, 2020 at the Pampanga State Agricultural University (PSAU), Magalang, Pampanga.
The KAYA Program will finance capital requirements of start-up or existing agri-based projects of young entrepreneurs and agri-fishery graduates aged 18-30 years old.
The DA-ACPC will engage Government financial institutions (GFI) such as the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP) together with non-GFIs including cooperative banks, rural banks, cooperatives, and viable non-government organization (NGOs) to implement said program which offers up to P500,000 loan per borrower payable not more than five years at 0% interest with not more than 3.5% management fee.
The Agri-Negosyo Program, on the other hand, will finance income-generating agri-fishery activities and working capital and/or fixed asset acquisition requirements of individuals/sole proprietors, partnerships, corporations, and cooperatives whose owners or members are marginal or small farmers and fisherfolk.
Under the program’s Micro Agri-Negosyo Loan facility, borrowers may loan up to P300,000 payable up to five years and channeled thru ACPC lending conduits.
Moreover, under its Small Agri-Negosyo Loan facility, borrowers may avail themselves of loan amounting to P300,000 up to P15 million payable depending on the loan purpose and channeled through GFIs.
As support component to the two new innovative programs, the DA-ACPC shall engage State Colleges and Universities (SUCs), government agencies such as the Agricultural Training Institute (DA-ATI) and the Department of Trade and Industry (DTI) and business development services (BDS) to train and mentor the loan beneficiaries.
For other concern about the new loaning program, please refer to http://acpc.gov.ph/da-acpc-launch-kapital-access-for-young-agripreneurs-kaya-and-agri-negosyo-loan-programs/ or contact them thru:
Ms. EMMALYN J. GUINTO
Information Systems Management Division
Local 113; 8584-3861
[email protected] /
[email protected]
For further assistance you may review the FAQ section of the eFOI site: https://www.foi.gov.ph/help.
Your right to request a review
If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Secretary William D. Dar. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
Thank you.
Respectfully,
Cheryl Marie Natividad-Caballero
DA FOI Decision Maker
