The Land Bank of the Philippines is the country’s premier government financial institution which provides services that help promote countryside development while remaining financially viable. One of its major services is to provide credit assistance to small farmers and fisherfolk.
The Yes! to Agriculture Program (YESAP) is a product offered by Landbank to youth (18-35 years old) MSME agri-entrepreneurs to help them to engage in viable and sustainable agribusiness projects such as agricultural and fishery production and trading, processing, servicing, and distribution of agricultural crops and commodities.
The loan proceeds generally depend on the borrower’s requirement but should not be more than 90% of the total project cost.
This program helps support emerging and existing MSME agribusinesses furthering the growth of the industry in the country.
For more information on how to avail of this loan, please visit their website at https://www.landbank.com/loans/loans-to-farmers-fishers/for-farmers/young-entrepreneurs-from-school-to-agriculture-program. –JMCA