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    Briefer For Expanded SURE-Aid and Recovery Project

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    Emmalyn Guinto
    The Expanded SURE-Aid and Recovery Project is a nationwide program that supports the Department of Agriculture's food security program during COVID-19. It aims to provide working capital loans to micro and small enterprises in agriculture and fisheries, as well as loans of up to 25,000 pesos to marginalized small farmers and fisherfolk affected by lockdowns to help them recover losses and continue food production. Eligible borrowers are identified in coordination with Department of Agriculture regional offices and existing lending partners.

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    Briefer For Expanded SURE-Aid and Recovery Project

    Uploaded by

    Emmalyn Guinto
    27 views2 pages
    The Expanded SURE-Aid and Recovery Project is a nationwide program that supports the Department of Agriculture's food security program during COVID-19. It aims to provide working capital loans to micro and small enterprises in agriculture and fisheries, as well as loans of up to 25,000 pesos to marginalized small farmers and fisherfolk affected by lockdowns to help them recover losses and continue food production. Eligible borrowers are identified in coordination with Department of Agriculture regional offices and existing lending partners.

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    Briefer-for-Expanded-SURE-Aid-and-Recovery-Project (1)

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    The Expanded SURE-Aid and Recovery Project is a nationwide program that supports the Department of Agriculture's food security program during COVID-19. It aims to provide working capital loans to micro and small enterprises in agriculture and fisheries, as well as loans of up to 25,000 pesos to marginalized small farmers and fisherfolk affected by lockdowns to help them recover losses and continue food production. Eligible borrowers are identified in coordination with Department of Agriculture regional offices and existing lending partners.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views2 pages

    Briefer For Expanded SURE-Aid and Recovery Project

    Uploaded by

    Emmalyn Guinto
    The Expanded SURE-Aid and Recovery Project is a nationwide program that supports the Department of Agriculture's food security program during COVID-19. It aims to provide working capital loans to micro and small enterprises in agriculture and fisheries, as well as loans of up to 25,000 pesos to marginalized small farmers and fisherfolk affected by lockdowns to help them recover losses and continue food production. Eligible borrowers are identified in coordination with Department of Agriculture regional offices and existing lending partners.

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    Briefer for Expanded SURE-Aid and Recovery Project

    The Expanded SURE-Aid and Recovery Project is a nationwide program that supports
    the Department of Agriculture’s Ahon Lahat, Pagkaing Sapat Kontra Covid-19 Program
    (ALPAS SA COVID-19).

    What is the purpose of the program?

    a. provide the working capital requirement of micro and small enterprises


    (MSEs) engaged in agriculture and fisheries food production, delivery of
    produce/products/commodities, and other activities in the supply chain to ensure
    the availability of food supply and help them recover their losses incurred from the
    effects of the enhanced community quarantine (ECQ) due to Covid 19; and

    b. provide loan assistance to finance the emergency and production capital


    requirements of marginalized, small farmers and fishers (MSFF) whose
    incomes were affected by the ECQ due to Covid 19 thereby helping them regain
    capacity to continue their agricultural activities and contribute to sustained food
    production.

    Who are eligible borrowers?

    a. Agri-fishery based MSEs

     MSEs that are willing to deliver/supply to DA-KADIWA Ni Ani at Kita centers


    and consumers of high consumption markets such as Metro Manila and other
    demand centers will be prioritized

    b. Marginalized, small farmers and fishers

    What are the loan features?

    a. For MSEs

     Up to P10 million loanable amount


     Zero (0%) interest rate
     Payable in five (5) years

    b. For marginalized, small farmers and fishers


     P25,000 loanable amount per household
     Zero (0%) interest rate
     No collateral
     Payable in ten (10) years
    How will the eligible borrowers be identified?

    a. For MSEs

    The ACPC will coordinate with DA Regional Field Offices (RFOs) and existing partner
    lending conduits to identify and validate eligible MSEs

    b. For marginalized, small farmers and fishers:

    The ACPC will coordinate with DA, through its Field Operation Service (FOS) and
    RFOs to accomplish the following:

     determine priority areas


     identify and validate affected marginalized, small farmer and fishers
     endorse eligible borrowers to partner lending conduits for loan processing
    and release

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