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Quedan & Rural CreditGuarantee Corporation
QUEDANCOR
Agricultural CreditGuarantee forRural Productivity -
Food and AgriculturalRetail Enterprises
Agri-Fishery and
Livelihood Project
34 Panay Avenue, Quezon CityTel. no.: 376 4790Telefax: 376 4786
e-mail: pio_quedancor@yahoo.com
Text Hotlines:0999-7249955 - Smart0927-9217989 - Globe
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To augment the working capital of small retail
enterprises engaged in distributing, packaging
or repackaging of raw, semi-processed or fully
processed agricultural aquatic, poultry,
livestock and other agri-related commodities
and supplies.
GENERAL ELIGIBILITY
REQUIREMENTS:
Must be at least 18 years old but not to exceed
64 years old upon loan maturity
Must be registered/licensed by an appropriate
government agency
Barangay Permit Mayor's Permit DTI's Registration BMBE Registration NFA License, if engaged in grains retailing
Bonafide stall holder or lessee
No current /past due loan under other
Quedancor programs
LOANABLE AMOUNT:
Initial loanable amount is up to for non-
collateralized loans.
The borrower shall be allowed to avail of a bigger loan
amount after at leastwith good repayment record as indicated
below, subject to security arrangement and as
determined/evaluated by Quedancor Credit Assessment
Group (CAG).
two (2) availments/transactions
P 25,000.00
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TERMS OF PAYMENT:
MODES OF PAYMENT:
INTEREST:
SERVICE FEE (SF):
Generally, the term of loan shall be payable within
(
but not to exceed
The loan shall be payable in weekly, monthly or
quarterly amortizations.
Interest rate is two percent per month to be
amortized within the term of the loan.
Service fee of the loan amount.
Service fee for the first year shall be deducted from the
loan proceeds while SF for the succeeding year/s shall
be collected every anniversary date of loan.
three 3) months, six (6) months or one (1) year
depending on the amount of loan
three (3) years.
is 3% per annum
(2%)
Maximum Number ofLoanable Amount Transactions
P 50,000.00 After two (2)P 75,000.00 After four (4)P 100,000.00 After six (6)
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OTHER FEES:
SECURITY ARRANGEMENTS:
Group Credit Life Insurance
Documentary Stamps
Application Fee
Notarial Fee
The loan may be secured by any or a combination
of the following:
- Deed of Assignment of Bonds/ Risk-FreeAssets such as Time Deposits, GovernmentSecurities, Investments and the like;
- Continuing Deed of Assignment of Stocks-In-Trade with Trust Receipt Agreement,and/or
- Co-Makers with existing source of incomesuch as salaries, business income, OFWremittances and the like.
- Real Estate Mortgage (REM);- Continuing Deed of Assignment of Stocks-
In-Trade with Trust Receipt Agreement;- Deed of Assignment of Bonds/ Risk-Free
Assets such as Time Deposits, GovernmentSecurities, Investments and the like;
- Deed of Assignment of acceptable shares ofstocks in Government and privatecorporations; and/or
- Chattel Mortgage of machinery/ equipment/facility subject of the loan or directly relatedto the project.
- Post Dated Checks (PDCs)
For Loans up to P100,000.00
For Loans Above P100,000.00
Other requirement for loans above P50,000.00
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GENERAL DOCUMENTARY
REQUIREMENTS:
Application for loan and accreditation with two2 x 2 pictures of individual applicant/co-maker/s
Photocopy of Mayor's/Barangay's permit/
license/registration, NFA License (if engaged in
grains retaling), Lease of Contract or Stall Award,
whichever is applicable.
Certified copy of latest income and business tax
returns duly stamped and received by the
Bureau of Internal Revenue (BIR) and validated
copy of Revenue Official Receipt (ROR) for tax
payments made for amount of income
P10,000.00 and above.
Original/Photocopies of Co-Maker's Documents:
Co-Maker's Statement Residence Certificate Sketch of residence address
AMORTIZATION OF LOAN:
Borrowers may pay the loan amortizations directlyto LE, or may deposit its payment to SavingsAccount (SA) maintained with the LE.
The LE shall issue the corresponding OR/debitadvice to acknowledge payments made by theborrower.
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