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"The Country's Premiere Agri-Credit and Guarantee Company"
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| THE QUEDAN AND RURAL CREDIT GUARANTEE CORPORATION (QUEDANCOR) |
Tuesday, 18 September 2007 |
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[About Us] [Mission/Vision] [Charter] [Board] [Contact Us] |
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QUEDANCOR or the Quedan and Rural Credit Guarantee Corporation is a non-bank governmentfinancing institution (GFI) under the policy supervision of the Department of Agriculture. The Secretary of Agriculture is the ex-officio Chairman of the QUEDANCOR Governing Board.
Being a stock corporation, it has an authorized capitalization of P2 billion. The Board is composed of thirteen members representing agriculture, agrarian and the banking sector.
Stewardship of the Corporation is under the day-to-day management of the President and Chief Executive Officer.
When was QUEDANCOR established? The Corporation was created under Republic Act 7393. The law was enacted on April 13, 1992 by then President Corazon C. Aquino. Prior to the expanded corporate authority accorded to the Corporation, QUEDANCOR was officially known then as the Quedan and Guarantee Fund Board (QGFB) under Letter of Instruction (LOI) 704 issued on June 9, 1978.
The CORE function of QUEDANCOR. Republic Act 7393 addresses the crucial need for investment in the country especially in places where the opportunity for growth is very much needed. This include the institution of a credit delivery system and a guarantee facility that would promote inventory financing of agri-aqua commodities, production and post-harvest production facilities, farm and fishery machineries and equipment, investment in production inputs and labor, and the development of rural livelihood enterprise. (see our credit programs)
Fund Sources. For the past years, QUEDANCOR has been enjoying a healthy relationship with the banking sector. It has forged credit facilities with numerous banks in the form of rediscounting lines, sale of receivables and promissory notes, and other short and long term liabilities. This set-up has allowed the Corporation to continuously channel resources and facilitate the flow of investments in the countryside.
Presence. QUEDANCOR has 14 Regional Offices, 63 District Offices and 23 Extension Offices strategically located throughout the country, making the services and programs of the Corporation more accessible to people in ruralplaces. (details at our directory)
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Republic of the Philippines Department of Agriculture QUEDAN & RURAL CREDIT GUARANTEE CORPORATION (QUEDANCOR) QUEDANCOR Center, 34 Panay Avenue, Quezon City, Metro Manila, Philippines 1103 |