DA-ACPC readies partners for KAYA program implementation

THE REGION
May 29, 2020

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Malaybalay City, May 28 - The Department of Agriculture-Agricultural Credit Policy Council (DA-ACPC) Provincial Management Officer Kristine Cyvill Gregorio conducts briefing on Kapital Access for Young Agripreneurs (KAYA) Program to President Jesus Antonio G. Derije of Central Mindanao University, Musuan, Bukidnon and Regional Technical Director for Operations Carlota S. Madriaga of DA-RFO 10.

KAYA, a new loan program of the DA-ACPC will finance capital requirements of start-up or existing agri-based enterprises of young entrepreneurs and agri-fishery graduates aged 18-30 years old.

Each borrower may loan up to P500,000 which is payable for five years with zero interest rate, with not more than 3.5 percent management fee thru partner lending conduit GFIs, rural banks, coop banks and viable NGOs.

DA-ACPC will engage government financial institutions (GFIs) such as the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) and non-GFIs to implement said program.

Interested applicants may contact hotline numbers 09065055442/09474308576 of the Agribusiness and Marketing Assistance Division (AMAD) of DA-RFO 10 or thru 09559557333 of ACPC. # (ATCabig)


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