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QUEDANCOR Primer
QUEDANCOR or the Quedan and Rural Credit Guarantee Corporation
is a non-bank government financing 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.
What is the mandate
and mission of QUEDANCOR ?
 QUEDANCOR's
mandate is to accelerate the flow of investments and credit resources into
the countryside so as to trigger the vigorous growth and development of
rural productivity, employment and enterprises, thereby generating more
livelihood and income opportunities
for the disadvantaged rural populace.
It's
mission is to modernize Philippine agriculture by institutionalizing a
comprehensive financing and guarantee support system for the country's
agricultural sector.
 What
is 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.
What are the fund-sourcing initiatives of QUEDANCOR ?
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.
What are
QUEDANCOR's various financing programs?
The Corporation implements three (3) major credit programs, namely:
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QUEDANCOR Retail Program.
This program caters to the credit requirement of individual
farmer and fisherfolk through the Self-Reliant Team Financing Model. The
SRT is a non-collateralized financing scheme with a loanable amount of
P50,000 per SRT member or depending on the production cost of the
project.
Another feature of the program is to provide the financing requirement
of the small and medium agri- fishery enterprises throughout the
country. The program requires acceptable collateral of at least 80% of
the loanable amount. The amount is based on the total project cost but
not to exceed P5 million.
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QUEDANCOR Wholesale Program.
The nature of the program is to provide credit support to lending
conduits such as local cooperatives, rural and cooperative banks. The
wholesale component of this program also includes the financing
requirement of the SRT Agri-Fishery Business Organization (SRT-AFBO).
Interest is computed between 10 to 14% per annum with collateral
requirement of at least 80% of the loanable amount.
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QUEDANCOR Special Lending Program.
This program is specifically intended for Micro-Entrepreneurship and
Income Augmentation Livelihood. The Mode of Delivery under this program
is both for the retail and wholesale category. The interest under the
special lending is computed based on the proposed project and project
cost or the financial condition of the borrower.
Specifically, QUEDANCOR provides financing for
the following commodities and livelihood projects:
Coffee, Potato, Banana, Sweet Potato, Asparagus, Abaca, Garlic, Tobacco,
Cattle, Small Ruminants, Hog Raising, Dairy Products, Chicken, Food-
Processing, Meat Processing, Food Retailing and other Agri-based
Livelihood Projects, Trading of Agri-Products, Construction / Upgrading
of Small Agri- Fishery Facilities, Honey Bee Culture, Food Retailing,
Bakery / Bakeshop, Sari- Sari Store, Canteen, and other Livelihood
Projects.
Head Office and Branches
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 rural places.
QUEDANCOR Central Office is located at No. 34 Panay Ave, Quezon City.
 Lending
Performance
For
year 2006, the Corporation managed to release P3.9 billion to the sector,
the highest since its operation in 1979. More than 151,525 farmers,
fisherfolk, retailers, millers and small entrepreneurs nationwide have
benefited under its various programs.
Over the past 29 years, QUEDANCOR has released a total of P49.3 billion
worth of loans to the agri-fishery sector.
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