For more information, please contact:

Rallen O. VerdaderoHeadProgram Development and Management II DepartmentTel. No.: (02) 8818-9511 local 3327E-mail: roverdadero@dbp.ph

Aaron Ashley D. DiazProgram OfficerProgram Development and Management II DepartmentTel. No.: (02) 8818-9511 local 2330E-mail: aaddiaz@dbp.ph

Lending Center:

5. Copies of one (1) valid government ID of the designated signatories

Specific Requirements for Cooperatives1. Certified True Copy of CDA Certificate of

Registration2. Certified true Copy of Articles of Cooperation and

By-Laws3. List of shareholders/Cooperative membership and

their shareholdings 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 in behalf of the entity

5. Copies of one (1) valid government ID of the designated signatories

Specific Requirements for LGUs1. Monetary Board Opinion 2. Seal of Good Governance to be obtained from the

Department of Interior and Local Government (DILG)

3. Ordinance for ratifying the approved terms and conditions of borrowing to be enacted by the concerned LGU

4. Certification of Debt-Service Capacity to be obtained from the Bureau of Local Government Finance (BLGF)

5. Sanggunian Resolution authorizing the Local Chief Executive to negotiate, obtain and enter into, sign and contract a loan agreement

6. COA-audited Financial Statements for the last three (3) years

7. Waiver on Confidentiality of Investment and Bank Deposits

8. IRA schedule for the last three (3) years

The Broiler Contract Growing Program (BCGP) is a sub-program under the Sustainable Agribusiness Financing Program

(SAFP) which is designed to encourage contract growers to expand their business by facilitating the financing of poultry broiler contract growing projects.

Eligible Borrowers• Duly recognized broiler contract growers who are

registered with the Securities and Exchange Commission (SEC), Department of Trade and Industries (DTI), Department of Labor and Employment (DOLE), or Cooperative Development Authority (CDA)

• Local Government Units (LGUs)

Eligible Loan PurposeTo finance expenditures of poultry broiler contract growing projects:• Farm Development• Farm Acquisition • Farm Expansion/Rehabilitation

Program components allowed to be financed:• Building and Improvements

1. Broiler House2. Biosecurity Building/Bio-Room3. Feed Warehouse4. Power House5. Mortality Pit6. Multi-purpose Building (Combination of: Bio-room/Office/Warehouse/

Staff house/Guard house)7. Waste Water Treatment Facility8. Bio-digester/Covered Lagoon9. Road network inside the farm

• Machinery and Equipment 1. Growing Equipment (Ventilating/Feeding/

Watering/Brooding systems) 2. Electric Generator 3. Plastic Slats• Transportation• Water Distribution System• Power Distribution System

Loanable AmountLoan amount shall be up to 70% of the Total Project Cost (TPC)

Loan TenorMaximum of ten (10) years inclusive of grace period

Mode of PaymentQuarterly, trimestral or semi-annual amortizations

Interest RatePrevailing interest rate

Grace PeriodUp to one year and six months from date of initial release

Collateral Security• Deposit with hold-out amounting to the estimated

interest payments during the grace/construction/loading period (amount shall be deposited to any DBP Branch prior to initial loan release)

• Real estate mortgage • Chattel mortgage • Enhancement instruments/guarantee coverage such

as, but not limited to, the Small Business Corporation, Credit Surety Fund and other guarantee institutions

• Post-dated checks• Continuing Suretyship or Co-makership• Assignment of deposit with hold-out• Deed of Assignment of one hundred percent

(100%) receivables arising from the contract/agreement with integrator

• Assignment of Investments and other money market placements

• Other security arrangements acceptable to DBP

Documentary RequirementsStandard Documentary Requirements1. Letter of Intent2. DBP Application Forms3. Audited financial statements, BIR-filed, for the last

three (3) years (if applicable), except for start-up operations

4. Latest interim financial statements or alternative (if applicable)

5. Bio-data of key officers6. Business Permits (Mayor’s Permit and Barangay

Permit)7. Copies of collateral documents8. Plans and specifications signed by an Agricultural

Engineer (detailed cost estimate, project’s time schedule, project brief)

9. Specifications and drawings with Certification on the availability of spare parts locally for machinery/equipment

Specific Requirements for Corporations1. Certified True Copy of SEC Certificate of

Registration2. Certified True Copy of Articles of Incorporation and

By-Laws3. 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 in behalf of the entity

BCGP