A credit window intended to provide affordable and customized credit facility to qualified small farmers engaged in crop production, poultry, livestock raising, and aqua culture.
Interest rate: 1.67 per month or 20% per annum
Term: 1 to 12 months (depending on farm plan and budget)
Cantilan Bank has unlocked better opportunities for its farmer clients through offering Agri Value Chain loan, the bank's loan product that supports small farmers in their agricultural activities.
Launched in July 2013, this loan product has allowed many small farmers to take out a loan as their additional working capital in their production of rice, corn, cassava, cacao, and other high-value crops. Members of a certified organization of farmers are automatically eligible to avail of this product.
CBI was featured on TV where thousands of viewers from all over the country got to know more about what the bank can offer to its community.
The 30-minute show featured the imperative role of CBI’s micro-finance services in uplifting the lives of its micro-entrepreneur clients with its Value Chain Loan product. Value Chain engages with organizations composed of farmers who want to borrow money for their crop production. This loan product allows farmers to borrow a certain amount of money without worrying about the weekly/monthly mode of payment because it is a production-based product which means that the borrower would only pay his obligation after harvest.
CBI’s exposure on the said Agri-business show served as a gateway to gain a greater market and more knowledgeable clients.