Give at least 3 examples you ask yourself Before choosing your financial service provider
1. What types of services are available? 2. Does the term match my farm plan schedule? 3. What are the eligibility requirements?Â
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25
Give at least 5 Government agencies and government owned and controlled corporations who provide subsidies and agricultural credit.
âĒ Sikat Saka Program (SSP) âĒ Program for Unified Learning to Agriculture (PUNLA) âĒ Cooperative Banks Agri-Lending Program II (CBAP-II) âĒ Climate Change Adapt
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seesaw
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seesaw
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shark
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lifesaver
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â a non-profit group that offers broad services such as financial education, savings, loans, credit, business planning, nutrition and farm diversification plan, to develop and promote agro-enterprise in rural areas
NGO
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boom
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seesaw
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gift
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banana
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20
a variety of organizations that provide small loans to low-income individuals who do not have access to banks.
Micro-Finance Institutions
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trap
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gift
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fairy
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lifesaver
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COMMON PROCEDURES FOR LOAN APPLICATION
Initial Contact, Loan Analysis, and Loan Approval
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20
â an association of people with common interests who have joined together to meet their social, economic, and cultural needs through a jointly-owned and democratically controlled business. Goods and services include farm inputs, farm labor,
Cooperative
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10
â is the cost of borrowing money that is usually calculated as percentage of the amount borrowed. It varies depending on the financial service provider.
Interest Rate
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10
projected income statement of your business.
Financial Aspect
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baam
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rocket
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fairy
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lifesaver
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â the nature, processes, and land area of your business.
Technical Aspect
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20
privately owned or managed institutions that offers savings, current accounts, loans and insurance to farmers, fishermen and small entrepreneurs in a small community.
Rural Banks
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the supply and the demand analysis, price and marketing program and promotions of your business.
Target Market
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10
â the for, of your business organization, your expertise and qualification, and the organizational chart of your business.