PRODUCTION LOAN EASY ACCESS
Requirements and Initiation of PLEA. Apply Now!
- Photocopy of Valid ID (Preferable TIN or Voters ID)with 3 signature.
- Proof of other source of income if applicable.
The Production Loan Easy Access (PLEA) is a loan facility of the Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC) designed to address the financial needs of marginal and small farmers and fisherfolk (MSFF). Non-collateralized loans for agri-fishery production are provided under the PLEA through cooperative banks, rural banks, cooperatives and non-government organizations (NGOs) as lending conduits. The maximum loanable amount a farmer or fisherfolk can borrow is up to P50,000 for short-term commodities and up to P150,000 for long-gestating commodities. The loan is payable depending on the commodity or project/s with a low interest rate.
