NINETEENTH CONGRESS OF THE REPUBLIC 
)
OF THE PHILIPPINES 
)
Third Regular Session 
)
SENATE
2S FFB -4 ?5 :04
Senate Bill No. 2979
m:C
(In Substitution of Senate Bill No. 2744)
Prepared by the Committee on Agriculture, Food and Agrarian Reform with Senators 
HontiverOs and Villar, C.A. as authors thereof
AN ACT
PROVIDING FOR THE WRITING OFF OF LOANS OR CONDONATION OF 
UNPAID INTERESTS, PENALTIES, AND SURCHARGES OF LOANS, AND 
LOAN RESTRUCTURING SECURED BY FARMERS, FISHERFOLKS, AND 
AGRARIAN REFORM BENEFICIARIES FROM THE DEPARTMENT OF 
AGRARIAN REFORM, DEPARTMENT OF AGRICULTURE- AGRICULTURAL 
CREDIT POLICY COUNCIL, COOPERATIVE DEVELOPMENT AUTHORITY, 
NATIONAL FOOD AUTHORITY, AND QUEDAN AND RURAL CREDIT
GUARANTEE CORPORATION
Be it enacted by the Senate and House of Representatives of the Philippines 
in Congress assembled:
1 
SECTION 1. Short Title. - This Act shall be known as the "Agrarian and
2 
Agricultural Writing Off or Condonation and Restructuring of Loans Act".
3 
SEC. 2. Declaration of Policy. - The State shall promote comprehensive rural
4 
development and agrarian reform through the provision of measures that will release
5 
farmers, fisherfolks, and agrarian reform beneficiaries from the bondage of debt. To
6 
this end, it shall be the objective of the State to provide farmers, fisherfolks, and
7 
agrarian reform beneficiaries the opportunity to regain access to government and
8 
commercial credit facilities through the writing off of loans or condonation of unpaid
9 
interests, penalties, and surcharges on their existing loans obtained through 
10 government lending programs.
11
SEC. 3. Definition of Terms. - As used in this Act:


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a) 
Account refers to loan accounts of agricultural cooperatives, organizaton 
or association of farmers, fisherfolk, and agrarian reform beneficiaries;
b) 
Agencies refer to the Department of Agrarian Reform (DAR), Department 
of Agriculture (DA) - Agricultural Credit Policy Council (DA-ACPC)/Quedan 
and Rural Credit Guarantee Corporation (QUEDANCOR), National Food 
Authority (NFA), and Cooperative Development Authority (CDA);
c) 
Agrarian Reform Beneficiaries refer to farmers who were granted lands 
under Presidential Decree No. 27, known as the Emancipation of Tenants 
and Transfer of Ownership of Land They Till, and Republic Act No. 6657, 
otherwise known as the Comprehensive Agrarian Reform Law of 1998, as 
amended, and other existing agrarian reform laws. These include regular 
farmworkers, irrespective of tenurial arrangement, who benefited from the 
redistribution of lands, including their organizations and cooperatives 
which have availed of the credit programs enumerated in Section 5 hereof;
d) 
Agricuiturai and Agrarian Reform Loans refer to loans granted for 
agricultural production; promotion of agricultural business and exports 
including, but not limited to, the acquisition of work animals, farm 
equipment and machinery, seeds, fertilizers, poultry, livestock, feeds 
construction, acquisition and repair of agricultural facilities;
e) 
Condonation refers to the act of the National Government of waiving or 
abandoning its right to collect from the loan account owner any unpaid 
interest, penalties, and surcharges under the lending programs 
enumerated in Section 4 in this Act;
f) 
Farmers refer to any natural person whose primary livelihood is the 
cultivation of land or the production of agricultural crops, livestock, and 
agricultural products, either by themselves or primarily with the assistance 
of their immediate farm household or workers, whether the land is owned 
by them or by another person, under a leasehold agreement or other 
similar arrangements;
g) 
Fisherfoiks refer to people directly or personally and physically engaged 
in taking or culturing and processing fishery and/or aquatic resources;


1 
h) Loan restructuring refers to a process where the principal terms and
2 
conditions of the original loan are modified in accordance with an
3 
agreement setting forth a new plan or schedule of payment;
4 
i) 
Terminated iending programs refer to lending programs instituted by the
5 
government which are no longer existing and operational yet with
6 
intractable records of loans; and
7 
j) 
Write Off refers to the elimination of uncollectible account receivables
8 
recorded on government lending agencies' general ledger or books of
9 
accounts for the past ten (10) years or older prior to the effectivity of this
10 
Act.
11 
SEC. 4. Writing Off of Agricultural and Agrarian Reform Loans. - The
12 
agricultural and agrarian reform loans of cooperatives, organizations, and associations
13 
of farmers, fisherfolk, agrarian reform beneficiaries incurred through the following
14 
terminated lending programs of government agencies are hereby written off as
15 
detailed in the appendices:
16 
1) Department of Agrarian Reform (DAR) (Appendix A)
17 
A. Dutch Rural Development Assistance Program (DRDAP);
18 
B. DAR-Special Projects Office/Development Bank of the Philippines Window
19 
III (DAR-SPO/DBP Window III);
20 
C. Special Projects Office-Direct Financing Program (SPO-Direct Financing
21 
Program); and
22 
D. DAR Direct Lending Financing Program (DDLFP)
23 
The total outstanding balance for all the programs is Four Hundred Eighty-Seven
24 
Million Eight Hundred Two Thousand Pesos (PhP487,802,000.00).
25 
2) Department of Agriculture-Agricultural Credit Policy Council (DA-ACPC)/
26 
QUEDANCOR (Appendix B)
27 
A. Aurora Integrated Area Development Project (AIADP) (1993-1997)
28 
B. Agri-Fishery Microfinancing Program (AFMP) BOHOL (2010-2013)
29 
C. Catanduanes Agricultural Support Program (CATAG) (1993-1997)


1 
D. Central Cordillera Agricultural Program (CECAP) (1990-1997)
2 
E. Various Programs (Shallow Tube Well, Farm Mechanization, PNPL, etc.)
3 
(1970-1997)
4 
F. Development Assistance Program for Cooperatives and People's Organizations
5 
(DAPCOPO) (1992-2001)
6 
G. Direct Market Linkage Development Program (DMLDP) (2010-2013)
7 
H. Micro Credit for Rural Enterprise Development (MCRED)
8 
I. Various DCPs and AMCFP Programs (1990-2013)
9 
J. Agrarian Production Credit Program (APCP) (2012-2021)
10 
The total outstanding balance for all the programs is Five Billion Five Eighty Eight
11 
Million Nine Hundred Nine Thousand Forth Hundred Sixty and Nine Centavos
12 
(PhP5,588,909,460.09).
13 
3) National Food Authority (NFA) (Appendix C)
14 
- Farmers' Level Grains Center (FLGC) (1998-2019)
15 
The total outstanding balance for this program is Seventy-Eight Million Six Hundred
16 
Five Thousand Three Hundred Twenty-Eight and Twenty-Four Centavos
17 
(PhP78,605,328.24).
18 
4) Cooperative Development Authority (CDA) (Appendix D)
19 
- Cooperative Authority Development Loan Fund (CADLF) (1973-1999)
20 
The total outstanding balance for this program is Three Hundred Sixty-Seven Million
21 
Six Hundred Forty-Two Thousand Three Hundred Eighteen and Sixty-Eight Centavos
22 
(PhP367,642,318.68).
23 
Provided, That a) loans with collateral under the foregoing loan programs, and b)
24 
loans accounts which have been in the agencies' books of account for less than ten
25 
(10) years shall be excepted from writing off but their corresponding interests,
26 
penalties, and surcharges shall be subject to a one-time condonation and the loan
27 
accounts shall be subject to restructuring.


1 
SEC. 5. Transfer of AH Loan Accounts to the ACPC; Mandatory
2 
Provisions. - All remaining ioan accounts of the entities enumerated in section 4 of
3 
this Act, not covered by writing off of loans, are hereby transferred to the ACPC for
4 
management, collection and disposition: Provided, That the ACPC shall be exempt
5 
from court filing fees and other relevant expenses such as the cost for the transfer of
6 
title: Provided, further, That funds that are collected under the accounts of the CDA
7 
shall be remitted to CDA for its use for project grants to agricultural cooperatives, after
8 
deduction of two (2%) percent for ACPC for its use for operations.
9 
Each government lending agency in this Act shall transfer all remaining loan
10 
account records, together with the respective loan collaterals, to the ACPC within one
11 
hundred eighty days (180) days from the effectivity of this Act.
Account owners shali apply for condonation and loan restructuring with the 
ACPC, and once approved, subsequent payment of three (3) successive installments 
shall operate to restore the account to good standing, to which the ACPC shall issue 
a certification to this effect;
12 
Henceforth, it shall be prohibited for any government agency in agriculture,
13 
including the ACPC, to engage in indirect or direct lending to farmers and fisherfolk
14 
and other entities enumerated in section 4 of this Act.
15 
SEC. 6. Coiiection of Payment. - The annual cumulative collection from
16 
payments of loans under this Act shall be remitted to the Bureau of Treasury, after
17 
two (2%) percent of the total annual collection shall have been deducted for ACPC for
18 
its use for operations.
19 
SEC. 7. Repeating Ciause. - All laws, executive orders, issuances or parts
20 
thereof inconsistent with the provisions of this Act are hereby amended, repealed or
21 
modified accordingly.
22 
SEC. 8. Separabiiity Ciause. - If any provision of this Act is declared
23 
unconstitutional, the remainder thereof or any provisions not affected thereby shall
24 
remain in full force and effect.
5


1 
SEC. 9. Effectivity. - This Act shall take effect fifteen (15) days after its
2 
publication in the Official Gazette or in a newspaper of general circulation.
3 
Approved,
APPENDIX A
Department of Agrarian Reform (DAR)
PROGRAM
(YEAR
STARTED/TERMINATED
NO. OF 
LOAN
ACCOUNTS
(COOPERATIVES,
ORGANIZATIONS,
ASSOCIATIONS)
TOTAL AMOUNT
OF LOAN
(PHP’M)
TOTAL COLLECTION
BALANCE OF
LOAN (AS OF
DECEMBER
2024)
A. DRDAP (1987-
1991)
115
188.09
48.081
140.009
B. DAR-SPO/DBP
WINDOW III
(1991-2007)
164
373.827
186.622
187.204
C. SPO-DIRECT
FINANCING
PROGRAM ( )
12
150.282
6.224
144.058
D. DDLFP (1994-)
27
33.013
16.482
16.531
TOTAL
745.212
257.409
487.802


5'
//fFAJDIX A
III. Status of Financing Program
A. The table below represents the financing programs with the 
corresponding amount of loan; total amount collected since the 
creation of the TFC and respective collection rates.
SUMMARY STATUS OF DAR FINANCiNG PROGRAMS
(As of December 31,2024)
PROGRAM
No. of 
Loan 
Accounts
Total
Amount of 
Loan 
(PhP‘M)
Total 
Collection 
(PhP ‘M)
Balance 
Loan 
(PhP *M)
Collection
Rate
DRDAP
II5
188.09
48.081
140.009
25.56%
DAR/ SPO-DBP 
Window III *
164
373.827
186.622
187.204
49.92%
DAR-SPO AIDA 
Direct
12
150.282
6.224
144.058
4.14%
DDLFP
27
33.013
16.482
16.531
49.92%
TOTAL
745.212
257.409
487.802
Imposes interest, penaities and surcharges
A. Initiatives of the DAR
• 
Along side the endeavors of the DAR to collect the obligations of 
the cooperatives and beneficiaries, is the continuous program to 
strengthen the ARBOs and their members to improve their 
organization and economic activities.
• 
Firming up of inventory of voluntarily surrendered and foreclosed 
assets and transfer of foreclosed assets in the name of RP
• 
Preparation of necessary documentary requirements for the writing 
off DRDAP accounts
• 
Close coordination with the Commission on Audit for the writing off 
processes
B. Policy Proposal
Writing -Off of Total Loan Amount


I.
The Task Force Collection (TFC)
The Task Force Collection (TFC), was created by virtue of Department 
Special Order (S.O.) No. 781, Series of 1996, doted 30 September 1996, to 
address the low/non-poyment of loons extended to agrarian reform 
beneficiaries (ARBs) cooperatives under the various credit financing 
programs of fhe Department of Agrarian Reform (DAR). It is composed of 
representofives from the different representatives from the regulatory 
agencies such os the Office of the Solicitor General (OSG), Land 
Registration Authority (LRA), Department of Justice (DOJ), Cooperative 
Development Authority (CDA), Development Bonk of the Philippines (DBF), 
and the Department of Agrarian Reform (DAR). If is chaired by the DAR 
Undersecretary of Support Services Office.
TFC's effort and performance in improving the Department's loon 
collection rote was recognized by the COA in its Audit Report on DAR, 
with the DAR Auditor recommending that the TFC be allowed to 
continue performing its function until such time that collection has 
improved in favor of the government, and oil necessary procedures 
shall hove been availed of to collect from delinquent borrowers, which 
include the filing of the legal charges against some borrowers. Thus, the 
TFC's existence has been extended for os long os necessary per S.O. 
No.382, S. 1998; S.O. No. 781, S 1996, os amended by S.O. No. 168, S 2002. 
S.O. No. 691, S. 2009 was issued for the "Reconstitution of the TFC and the 
Definition of the Functions of the TFC Chairperson. In the year 2011, Special 
Order No. 102, Series of 2011 was issued which created the Technical 
Review Committee (TRC) and amended the constitution of the TFC. The 
TFC-TRC's tasks ore: assist the TFC to review the results of 
investigations/research of the TFC-TWG and shall moke recommendations 
for fhe appropriate oction/opprovol of the TFC.
li.
DAR Financing Programs
1. Dutch Rural Development Assistance Program (DRDAP);
2. DAR-SPO/DBP Window III;
3. SPO-Direct Financing Program;
4. DAR Direct Lending Program (DDLFP);
5. Peasant Development Fund with the Kounloron ng Mogsosoka, Inc. 
(KMI); and
6. Borongoy Marketing Center with the Quedoncor
1. DUTCH RURAL DEVELOPMENT ASSISTANCE PROGRAM (DRDAP)
This program was initiated through o Memorandum of 
Understanding (MOU) between the Government of the Philippines


(GOP) and the Netherlands Government signed on 3 September 
1987. Through this MOU, the Netherlands Government provided the 
Philippine Government 75,000 tons of urea fertilizer amounting to 
Dgl 20 million (Dutch Guilders). The proceeds of the monetized 
fertilizer were used to finance support projects under the CARP.
On 21 December 1988, another MOU was signed wherein the 
Netherlands Government provided additional funds of Dgl 25million 
(Dutch Guilders) through the sale of fertilizer under the ASEAN 
Fertilizer Complementation Program to support rural development 
projects in general.
On 21 December 1989, a third MOU was signed providing for an 
additional Dutch grant of Dgl 25 million, of which Dgl 24 million were 
to be used for the procurement of commodities for the Family 
Planning Program of the DOH. Under this third MOU, the fund was 
still to be used to finance projects focusing in rural development 
and economic recovery with direct impact on the community level.
The total fund monetized from the proceeds of the commodity 
grant was P720.023 million which was made available to finance 
qualified projects. The total amount disbursed from the proceeds 
to finance the 160 DAR projects and two (2) DA major projects was 
P524.47 million, of which F112.39M was extended through the 
Department of Agriculture. The P524.47 million was extended to the 
project proponents either as loan or grant or both. The DRDAP 
Financing Program was terminated on December 31, 1991.
2. DAR-SPO/DBP LOAN WINDOW III FINANCING PROGRAM FOR 
AGRARIAN REFORM BENEFICIARIES DEVELOPMENT
Pursuant to Executive Order No. 406 dated 14 June 1990 which 
provided for the acceleration of the agrarian reform beneficiaries 
development through the provision of economic and social 
infrastructure support, the DAR has made available the amount of 
P400 million for lending to agrarian reform beneficiaries (ARBs) 
under relatively liberal terms.
The Development Bank of the Philippines (DBP), with its extensive 
branch network, has been tapped by the DAR as trustee and loan 
administrator of the fund under a trust fund agreement. On 6 May 
1991, a MOA was executed between the DAR and DBP establishing 
the DAR-SPO/DBP Loan Window III Financing Program for Agrarian 
Reform Beneficiaries (ARBs) Development.
This trust fund is primarily utilized to provide liberal financing facility 
for various AIDA projects proposed for ARBs. Unused or free funds 
are temporarily invested by the DBP in securities and other 
investment instruments.


However, in the year 2007, 
nnanagement of the fund.
the DBP turned-over to DAR the
DAR-SPO AIDA DIRECT FUNDING SCHEME
Before the establishment of the DAR-SPO/DBP credit facility tie-up, 
the DAR, through the then Special Projects Office (SPO), managed 
a DAR Central Account for agro-industrial development area 
(AIDA) projects in the 25 strategic operating provinces (SOPs), with 
funds also sourced from the SPO Fund as provided for in EO 406.
Only AIDA projects or components thereof were considered eligible 
for EO 406 funding under this DAR Central Account. Agricultural 
components of AIDA projects which were the subject of special 
financing programs of other government agencies and financial 
institutions were not eligible.
4. 
DIRECT DAR LENDING FINANCING PROGRAM (DDLFP)
A total amount of F36.289 million was made available under the 
DDLFP to fund thirty (30) projects.
Good for obligation only within the calendar year 1994, the DDLFP 
fund had as its objects of expenditures the projects which were long 
submitted to DAR and given commitment for support but could not 
be implemented due to lack of funds, and projects with 
counterpart DAR funding commitment such as the projects under 
the Integrated Jala-Jala Rural Development Program. There were 
some projects which were submitted by the field offices specifically 
for funding under this Program and were subsequently 
accommodated after having gone through the availment process 
set by the Special Projects Steering Committee (SPSC).
The DDLFP, therefore, was envisioned to be a "one-shot program". 
As with the DRDAP-assisted projects, funds availed from the 
Program are non-interest-bearing and loans repayments revert to 
the National Treasury.
5. 
DAR-QUEDANCOR PROGRAM FOR CARP BARANGAY MARKETING 
CENTERS (BMC)
Under the MOA entered into by and between the DAR and the 
Quedan Guarantee Fund Board (QGFB), which is now the Quedan 
and Rural Credit Guarantee Corporation (Quedancor), dated 27 
January 1992, a loan facility of PI50 million was made available


from the ARF by the DAR to the Quedoncor tor lending to eligible 
farmer groups.
The MOA provided that the Quedancor shall pay its loan obligation 
to DAR and return the fund in full after 6 years, i.e., by December 
1998. Hawever, per the Amendment ta the MOA dated 17 January 
1996, the loan term has been extended to another 15 years, 
counted from December 1994, and Quedancor has been 
authorized "to use the money including collections as a revolving 
fund to accommodate the application of other farmer 
cooperatives in the expanded caverage af the CARP-BMC 
Program \A/hich will include non-grain commodities".
6. DAR-KMI PEASANT DEVELOPMENT FUND (PDF)
The Peasant Development Fund (PDF) of P36 M was initially 
appropriated by Congress under the 1993 General Appropriations 
Act (GAA). This fund was created as a result of a dialogue held by 
the Speaker of the House and the Secretary of National Defense 
with 36 peasant organizations last October 1992. Aimed at 
enabling the peasantry to participate in the country's agro­
industrial development, this fund was included in the budget 
apprcpriaticn of the DAR. Of this fund, P32.4 M, net of the DBM 
mandatory and reglamentary retention of 10% of the amount, was 
obligated and released thraugh a Memarandum of Agreement 
dated 14 July 1993 in favor of the Kaunlaran ng Magsasaka, Inc. 
(KMI) in the form of soft loan payable in 45 years, inclusive of 5 years 
grace period, at 1% interest per annum.
Under the 1994 GAA, Congress again appropriated a total of P77.6 
M for the PDF, P5.6 M of which was sub-allocated by the Senate as 
land and land improvement outlays. The resulting net 1994 PDF 
apprapriatian af P72M is subject of the 29 December 1994 MOA 
between the DAR and the KMI. Under the 1995 and 1996 GAA, 
another PIOM and P12.5M were allocated for PDF, respectively.
Released amounts from the PDF by the DAR to KMI are utilized for 
re-lending to the organized peasantry preferably in Agrarian 
Reform Communities (ARCs) through the Development Bank of the 
Philippines (DBP) under the DBP-KMI Bayanihan sa Kaunlaran Tungo 
sa Taon 2000 Program, a special development financing scheme. 
Under the DBP-KMI Pregram, eligible projects shall be financed 
based an the following percentage af participation: 75% of the loan 
package shall be financed by the DBP out of its Window III funds; 
20% shall be financed from the PDF or KMI counterpart fund which 
is put in a trust account with the DBP; and the remaining 5% shall be 
the borrower’s equity or participation.


The Task Force Collection was created as early as 1996, when most of 
the DAR Financing Program just ended or about to end. After almost 30 
years only Php 290.426 M out of the total loan amount of Php992.412 M 
were collected or an average collection rate of 29.26%. Notwithstanding 
the cost the Department incur in trying to collect long past due loans. It 
is proposed that the DAR terminated financing program particularly the 
DRDAP accounts (Php 140.009M), the DAR-SPO AIDA Direct (Php 144.058 
M), the DAR-Direct Lending Financing Program (Php 16.531 M), the DAR- 
Quedancor Program (Php 117.083 M), and DAR-KMI (PDF) (Php 97.1) be 
written -off. Total loan balance is Php 526.681 million.
For the DAR/SPO-DBP Window III total loan balance is PI 87.204 million.
2.
A more detailed review of all the accounts shall be done to identify 
clearly the exact amount of principal minus possible charges added 
during the period that the financing program was still enforced.
Condonation of Interest Penalties and Surcharges
Condonation of unpaid interest, penalties and surcharges of loans. For 
now, this will only apply for the DAR/SPO-DBP Window III total loan 
balance is PI87.204 million.
A more detailed review of all accounts under this Window is to be done 
as it involved accounts with pending cases, decided cases, foreclosure 
cases, to have a clear picture on the loans that can be recovered yet.
LBP Policies
For on-going and future credit programs to be relaxed in favor of the 
ARBs and ARBOs, in terms of interests, charges and requirements to help 
them maximize the programs offered. To provide deeper assistance on 
strengthening the organizations and coming up with products that 
would truly aid the cooperatives and their members to develop and 
grow as an organization.


BRIEFER
Relative to your request, as contained in your July 16, 2007 Memorandum, hereunder are our 
comments and recommendations on the proposal to condone penalties and surcharges on back 
loans under the DBP-SPO Window III projects;
1. The DAR, create the Task Force Collection (TFC) to recover various loans it extended to 
farmer/ARB cooperatives under the terminated DAR financing programs. Presently, Sum 
of Money cases and Petitions for foreclosure were filed against those proponents who 
have defaulted in the repayments of their scheduled loan amortizations. Except for the 
DRDAP, funds for these programs were sourced from the ARF.
2. 
For the proposal to condone penalties and surcharges, only the accounts under DAR- 
SPO/DBP Window III Program will be covered. There are 164 accounts under this Program 
which were subjected to the Bank's conditions as stipulated in the Promissory Notes (PNs) 
signed by the borrowers. Due to various reasons such as economic difficulties, operational 
constraints and natural calamities, many of the beneficiaries of the DAR-SPO/DBP Window 
III Financing Program, which imposed interest and penalties in accordance with the Bank's 
policies, have been hard pressed to repay. Thus, as of December 31, 2006, about 49 
accounts under this program have incurred accrued interests, penalties, and surcharges 
amounting to about lOOM, broken down as follows:
Principal 
Capitalized NTFI 
Regular Interests 
Regular Interests2 
Penalties 
TOTAL
P 87,549,029.47 
P 8,039,776.94 
P 47,589,436.45 
P 72,688,341.50 
P107.827.519.23
P323,694,103.59
Assets of 54 proponents were already foreclosed or voluntarily surrendered; 13 
proponents are with "Sum of Money" cases and 45 case are with the Office of the Solicitor 
General for filling of either "Sum of Money" or "Foreclosure" cases. Only three accounts 
are fully paid.
At present, there are 21 paying proponents, i.e., with Active accounts. (See list-Annex "A").
3. Under the other four (4) terminated DAR-Financing Programs, the total outstanding 
balances are presented below:


PROGRAM
NO. OF 
LOANS 
ACCOUNT
TOTAL
AMOUNT
OF LOAN
TOTAL 
PAYMENTS 
(Php ' M)
BALANCE 
(Php 'M)
COLLECTION
RATE
1. DRDAP
115
188.09
48.081
140.009
25.56%
2. DAR/SPO-DBP
WINDOW III
164
373.827
186.622
187.205
49.92%
3. DAR-SPO AIDA
DIRECT
12
150.282
6.224
144.058
4.14%
4. DDLFP
2
33.013
16.482
16.531
49.93%
GRAND TOTAL
293
745.212
257.41
487.803
34.54%
Since accounts under these terminated funding programs have long been overdue, DAR 
imposed penalties on these accounts in an effort to pressure the borrowers to settle their 
loan obligations. However, the borrowers are ow clamoring for the condonation of these 
penalties and surcharges, which have "sky-rocketed". Some are opting for compromise 
settlement surrender of assets, loan restructuring, etc. There are also some beneficiaries 
who have manifested their commitments to repay, if not the principal amount, any lesser 
amount their present economic conditions would allow.
4. Loans extended under these three programs (DDLFP, DRDAP & SPO-Direct) were interest 
free. In addition, under the agreements signed by and between DAR and the beneficiary- 
cooperatives, there was no specific provision imposing penalties and surcharges. There 
was a provision only in the Manual on the Project Account Management on penalty for 
delay in Repayment, wherein the borrowers shall be charged the penalty of one percent 
(1%) per month of delay, the imposition of which shall commence after the five-year 
repayment period has lapsed. As such, the DAR may not proceed with the imposition of 
penalties and surcharges to alleviate the plight of the borrower-cooperatives.
5. In the case of the accounts under the DAR-SPO/DBP Program, the borrowers signed 
promissory notes, which are considered legal documents and thus, are binding. Although 
loan restructuring may be affected to help cope with financial difficulties, full condonation 
of the penalties/surcharges may require legal process.
6. In view thereof, DAR has been referring these cases to the Commission On Audit (COA) 
which is mandated to collect indebtedness due to the government and has authority to 
compromise claims such as the COA decisions quoted hereunder:
a.
b.
COA decision No. 260 (1981) which stated that "The power to condone interests or 
penalties is vested exclusively in the COA pursuant to Sec. 36 of PD1445, xxx".
COA decision No. 259 (1981) which states that " It is significant to note that only 
settled claims or liability to a government agency may be compromised or released, 
xxx".


7. Nevertheless, the PARC, under R.A. 6657, may resolve and grant authority to DAR to 
condone the interests, penalties and surcharges imposed on the loan accounts, subject to 
guidelines to be provided for the purpose, inline with the national Government's efforts 
to enhance the quality of life of the farmers, promote social equity and to be responsive 
to their basic needs through the provision of support services in the form of rural 
infrastructure, credit facilities, market extension, organizational strengthening, capacity 
building and technology transfer.


APPENDIX B
Department of Agriculture- Agricultural Credit Policy Council (DA- 
ACPC)/QUEDANCOR
PROGRAM/ YEAR 
STARTED / YEAR 
TERMINATED
NO. OF
ACCOUNTS/
PARTNERS
TOTAL AMOUNT
OF LOAN
TOTAL
COLLECTION
BALANCE OF
LOAN (AS OF 
DECEMBER 2024)
Aurora Integrated
Area Development 
Project (AIADP) / 
(1993-1997)
2
accounts/banks;
1 accounts/coop
9,044,140.00
9,044,140.00
Agri-Fishery
Microfinancing
Program (AFMP)
BOHOL (2010-2013)
2
accounts/NGOs
9,400,000.00
7,950,000.00
1,450,000.00
Catanduanes 
Agricultural Support 
Program (CATAG) 
(1993-1997)
1 account/NGO;
1 account/bank
40,000,000.00
40,000,000.00
Central Cordillera 
Agricultural Program 
(CECAP) (1990-1997)
12
accounts/cooper
atives
13,872,809.50
55,000.00
13,817,809.50
Various Programs 
(Shallow Tube Well, 
Farm
Mechanization, PNPL, 
etc.) (1970-1997)
15 DA- 
RFUs/44,965 
individual
borrowers
2,465,959,216.54
238,227,255.69
2,227,731,960.85
Development
Assistance Program 
for Cooperatives and 
People's Organizations 
(DAPCOPO) (1992- 
2001)
7 accounts/coop
10,474,991.60
1,266,666.68
9,208,324.92
Direct Market Linkage 
Development Program 
(DMLDP) (2010-2013)
2 accounts 
under 1 NGO
23,000,000.00
2,242,732.00
20,757,268.00
Micro Credit For Rural 
Ent. Dev't (MCRED)
1 account/NGO
4,500,000.00
50,000.00
4,450,000.00
Various DCPs and 
AMCFP Programs 
(1990-2013)
20
programs/accou 
nts under 
QuedanCor
2,733,893,689.62
408,285,362.17
2,325,608,327.45
Agrarian Production 
Credit Program (APCP) 
(2012-2021)
525 accounts of 
124
cooperatives
936,841,629.37
0.00
936,841,629.37
TOTAL DORMANT
ACCOUNTS
6,246,986,476.63
658,077,016.54
PhP5,588,909,46
0.09


Aurora Integrated Area Development Project 
(AIADP)/(1993-1997)
"The AIADP is a credit program implemented by 
the Department of Agriculture. The credit funds 
were transferred to the Rural Bank of 
Casiguran, Cooperative Bank of Nueva Ecija 
(CBNE), and the Maria Aurora Development 
Cooperative (MADECO) for lending to farmers 
in the province. CBNE is a closed bank, and 
under PDIC receivership.
Any remaining credit funds and loans collected 
under the program shall accrue to the BTr - 
Agro-industry Modernization Credit and 
Financing Program (AMCFP).
All accounts under RB Casiguran and MADC are 
dormant since 2004.
For CBNE which is under PDIC receivership 
since 2010, the latter continues to impose 
additional interest and penalties on past due 
loans of borrowers under the program. 
Recommending for the condonation of these 
finance charges
The AIADP is not recorded in the books of 
ACPC, but with DA's book of accounts, hence 
the writing off may be done by the DA."
Agri-Fishery Microfinancing Program (AFMP) 
BOHOL (2010-2013)
AFMP-Bohol is a completed credit program 
under the umbrella of AMCFP. The credit fund 
was sourced from the collection of receivable 
balances of terminated agri-DCPs, in view of 
the consolidation of all terminated agri-DCPms 
into the AMCFP. The program was 
implemented by 2 NGOs in Bohol, and the 
funds were lent to fishers; however, both 
organizations have already ceased operations. 
The accounts are 10 years past due and are 
recommeded for writing-off in ACPC's book. 
The NGOs may have imposed interests and 
penalties to overdue accounts. As such, these 
are recommended for condonation.
Catanduanes Agricultural Support Program 
(CATAG) (1993-1997)
CATAG is a program implemented by the 
Department of Agriculture, where credit funds 
were transferred to the Agricultural and Rural 
Development for Catanduanes, Inc. (ARDCI) and 
Vision Bank. Upon its termination and 
consolidation into the AMCFP, a series of 
meetings were conducted with the two 
proponents; however,no payments were made, 
and remains past due for more than ten years. 
The account is not recorded in the books of 
ACPC, but with the DA's book of accounts; 
hence the writing off may be done by the DA.,
8


and the interest and penalty charges may be 
requested for condonation.
Central Condillera Agricultural Program (CECAP) 
(1990-1997)
"CECAP is another program impmemented by 
the DA in the late 1990's, that grants interest- 
bearing credit funds lent to various 
cooperatives located in the 6 provinces in the 
Cordillera Region. Said credit funds were used 
as working capital of the cooperative, or lent 
out to its member- farmers.
After programme termination in 2004, most of 
the cooperatives ceased operations, and loans 
to 12 cooperatives and NGOs located in Kalinga 
and Ifugao were left outstanding and are all 
considered past due.
The account is not recorded in the books of 
ACPC, and the DA may request that this be 
written off."
"Various Programs (Shallow Tube Well, Farm 
Mechanization, PNPL, etc.) (1970-1997)"
"These programs are included in the directed 
credit programs (DCPs) that was terminated in 
2003 by virtue of RA 8435.
The programs were directly implemented by 
the DA-RFUs in the 1990's, and a list of 44,965 
borrowers were submitted to ACPC. The 
borrowers consist of farmers who received 
loan funds under the Shallow Tube Well, Farm 
Mechanization and Machineries, Plant Now Pay 
Later, and other credit programs.
As part of the consolidation of these programs 
into the AMCFP, ACPC started its collection 
activities with the assistance of a few collecting 
agents, however, minimal collections from the 
subject borrowers were only attained, due to 
the age of the account, among others. To date, 
for more than ten years, no collections were 
received from the borrowers despite the 
collection efforts made by the Collecting 
Agents, the DA-RFUs, and ACPC.
The balances are recorded in the respective 
books of the DA-RFUs which they may 
recommend for writie-off.
The DA-RFUs did not impose any interest and 
penalties to farmer-borrowers."
Development Assistance Program for 
Cooperatives and People's Organizations 
(DAPCOPO) (1992-2001)
"The program is a directed credit program 
(DCP) that was terminated by virtue of RA 8435. 
The program, implemented in 1992, benefited 
seven cooperatives, and the loans matured in 
2001. The funds were lent to farmer-borrowers, 
in which the cooperatives have imposed 
interests and penaltiies.


Despite exerting all efforts to collect, only very 
minimal payments were received. The age of all 
the loan receivables are more than ten years, 
and these are recorded in ACPC's books, which 
will be recommended for write-off."
Direct Market Linkage Development Program 
(DMLDP) (2010-2013)
"Herb's Best International Inc. (an ABE partner) 
is the lone proponent that received the loan in 
2010/2011, which matured in 2013 (more than 
ten years). The company ceased operations 
due to problems in production and marketing. 
The credit fund was sourced from the AMCFP, 
and the receivable balance is recorded in the 
ACPC books of account, which will be 
recommeded for write-off, and the interest and 
penalty charges for condonation."
Micro Credit For Rural Ent. Dev't (MCRED) 
(2008-2014)
"The program is a directed credit program 
(DCP) that was terminated by virtue of RA 8435 
Kauswagan Livelihood, the lone proponent 
under the program that received credit funds 
for enterprise development, has already ceased 
operations. Said account is ten years past due 
and is recommended for writing off in the 
books of ACPC."
Various DCPs and AMCFP Programs (1990- 
2013)
"QUEDANCOR (an abolished GCC) implemented 
around seventeen agri-DCPS, such as Agri 
Business Dev't. Project, Micro-Credit Program, 
Rice and Corn Based Finacing System, Gintong 
Ani Rice and Corn Based Financing System, 
CCAP, Grains Production Enhance Program, 
Credit & CGP under Poverty Alleviatin Fund, 
Corn and Fishery Programs, Countryside 
Lending Conduit/SRT, Fisheries Integrated 
Livelihood, Ginintuang Masaganang Ani 
Programs, Programs with LGUs, Long Gestaring 
Crop Production, Makasama Corn, Micro Credit 
for Self Reliant Team, Sugar Farm 
Modernization, Tobacco Program, and other 
various restructured programs.
The funds were released starting 1990 and 
matured in years 2002 to 2014, which made the 
age of the accounts more than ten years..
Of the 2.33 Billion credit funds of QuedanCor, 
PI.16 Billion are recorded in the books of ACPC. 
Said amount were lent by QuedanCor to 
farmer-borrowers, and records and documents 
of these accounts are in the possession of 
QUEDANCOR.
Thes amounts are recommeded for write-off by 
both ACPC and QUEDANCOR., and the interests
10


and penalties may be included in the 
condonation."
Agrarian Production Credit Program (APCP) 
(2012-2021)
"The APCP was implemented in 2012 by the 
Landbank, and credit funds were sourced from 
the GAA
Interest-bearing credit funds were released by 
Landbank to agrarian reforn beneficiaries 
organizations (ARBOs) and lent out to agrarian 
reform beneficiaries (ARBs), who were also 
charged with interest and penalties for past 
due loans
Around 525 ARBOs have past due accounts 
aging 8 years or less covering a total amount of 
P936.84 million as of June 2023, out of the P 
200 M fund that was transferred 
Although the past due accounts is less than ten 
years, which cannot be recommended for 
write-off, the condonation of interest and 
penalties may be requested for condonation"
APPENDIX C
National Food Authority (NFA)
Name of Loan
Program: Farm Level
Grains Center (FLGC)
(1998-2019)
No 
of
Loan
Accounts
Total Amount of
Principal
Balance From
Principal
Interests,
Penalties,
Surcharges
Total Outstanding
Balance
11
35,257,037.83
22,485,516.52
56,312,650.42
PhP78,605,328.24
APPENDIX D
Cooperative Development Authority (CDA)
Name 
of
Loan
Program:
Cooperative
Development
Loan Fund
(CDLF)
(1973-1999)
a) No. of Loan
Accounts
(Cooperatives)
(with records)
Outstanding
Principal
Interest
Penalty
Outstanding Balance
137
77,981,823.50
219,368,178.23
42,347,914.44
343,550,829.51
11


b) No of Loan
Accounts
(Cooperatives)
(without
records)
81
39,239,114.69
n/a
n/a
24,091,489.17
TOTAL
PhP367,642,318.68
12


« NATIONAL roOD AUTHORnY
f Office of the Administrator
Visayas Avamie, Barangay VASRA, Diliman, Quezon City 1120
22 September 2022
DOMINGO F. PANGANIBAN
Senior Undersecretary 
DEPARTMENT OF AGRICULTURE 
Elliptical Road, Dillman, Quezon City
Undersecretary Panganiban:
ymyAagv.eb
is in response to your letter dated 20 September 2022 requesting tor submission 
of data and information requested by the Committee on Agrarian Reform relative to 
House Biit No. 1879.
Attached herewith is the status report, as of August 31, 2022, of the loans under the 
Farm Level Grains Centers (FLGCs) program, which was identified as one of the 
accounts covered by the condonation program.
A total of thirty-eight (38) FLGCs were granted nationwide intended for qualified 
beneficiaries with a total exposure of f127,328,089.11, summarized per status below:
Number of 
Farmer 
Organizations
Total FLGC Loan 
Principal
A. Completed Amortization Payment
11
P3$,409,223.06
B. Defaulting in Amortization Payment
11
35,257,037 83
C. Defaulting in Amortization Payment - 
Repossessed
14
53,098,161.89
D. Unfinished FLGCs
2
3,563,666.33
TOTAL
38
FI27,328,089.11*
* The total was later adjusted to account for corrections in valuation, as well m a subsequent repossession
As of report date, a total of F78.605,328.24 remains unpaid from eleven (11) 
beneficiaries, representing balances from the principal as well as 
interests/penalties/surcharges incurred, detailed as follows:
Principal F36,267,037.83
Balance from Principal
F22,485,516.52
Interests / Penalties / Surcharges
56,312.650.42
TOTAL Outstanding Balance
F78,605,328.24


Be informed that the same information wiil also be furnished to the Committee on 
Agrarian Reform as they have also reached out to our agency,
Very truly yours,
.
JUDl^ROLUDANSAL
"A f0od-$ecufc. fHififpin^s wtlli prtnih'f 0us ftinut'n: fnut fLi/uniofif"


NATIONAL FOOD AUTHORITY
Visayas Avenue, Barangay VASRA, Diliman, Quezon City 1128
www.nfa.qov.ph
STATUS REPORT 
ON OUTSTANDING LOANS
FROM THE FARM LEVEL GRAINS CENTER (FLGC) PROGRAM
As of August 31, 2022
I.
ANTECEDENT FACTS
The National Food Authority (NFA) is one of several government agencies supporting 
the Gintong Ani Program of the Department of Agriculture. The NFA’s involvement was 
through the provision of postharvest facilities (PHFs) and marketing assistance to 
farmer organizations through various projects, foremost of which is the establishment of 
Farm Level Grains Centers (FLGCs). Initiated in 1998, the major policy underlying the 
FLGC is to enable the Filipino farmers produce better quality of grains products through 
the provision of accessible and viable postharvest facilities that will which will eventually 
lead to better prices and competitiveness.
The FLGC is a farm-based grains center designed to be compact and complete with 
PHFs and equipment. It is meant to be a self-sustaining farm-level facility capable of 
servicing primarily the needs of small grains farmers within a 2.5 km radius situated in 
the identified key grains areas. Beneficiaries of the project are viable farmers’ 
organizations (FOs) or cooperatives capable of amortizing the FLGC loan package. It is 
categorized as FLGC-1 (3,000 bags capacity payable in 15 years), FLGC-II (5,000 bags 
capacity payable in 15 years), and FLGC-III (10,000 bags capacity payable in 20 years). 
Ancillary facilities such as ricemills, dryers and threshers, and equipment such as 
platform scale, moisture meter, pallets, tarpaulin, and rice probes are payable in 5 
years.
A total of thirty-eight (38) FLGCs constructed nationwide intended for qualified FO- 
beneficiaries with a total exposure of PI 27,328,089.11, summarized per status below;
Number of
Farmer
Organizations
Total FLGC Loan 
Principal
A. Completed Amortization Payment
11
P35,409,223.06
B. Defaulting in Amortization Payment
11
35,257,037.83
C. Defaulting in Amortization Payment - 
Repossessed
14
53,098,161.89
D. Unfinished FLGCs
2
3,563,666.33
TOTAL
38
P127,328,089.11


The total amount of exposure was later adjusted to P124,055,763.20 for the following 
reasons:
a. Reduced / corrected amount of a repossessed FLGC of Botoc MPC in 
Pinabacdao, Samar on a lease-to-own scheme to Pinabacdao LGU from 
P3,567,799.91 to P1,097,474.00.
b. Deducted P800,000.00 after repossession of a ricemill awarded to Saranay 
Savings Credit Cooperative in 2005
Further details on the FLGC Loans are detailed in Annex 1.
II. STATUS OF FLGC LOANS AS OF AUGUST 31, 2022
The monitoring of the FLGC program was assigned to the Industry Services 
Department (ISD). With the implementation of the NFA Restructuring plan, 
pursuant to RA No. 11203, the department was abolished.
The updated reports submitted by the regions and the last known report from 
the ISD dated June 30, 2019 are the basis of summarized status of FLGC 
loans below.
A. FULLY-PAID AMORTIZATIONS
The following are FLGC beneficiaries who have completed their amortization 
payments:
FLGC Beneficiaries
Total FLGC Loan
1. Saranay Savings Credit Cooperative, Inc.
Alfonso Lista, Ifugao
P1,722,890.81
2. Aiay Kapwa Multi-Purpose Cooperative
Solano, Nueva Vizcaya
3,104,179.70
3. Bantug Primary Multi-Purpose Cooperative
Solano, Nueva Vizcaya
2,210,669.48
4. St. Anthony Credit Cooperative
Gubat, Sorsogon
2,200,000.00
5. Botoc MPC
Pinabacdao, Catbalogan, Samar
1,097,474.00
6. Sultan Kudarat Federation of Cooperatives
Lebak, Sultan Kudarat
3,976,145.17
7. Farm Cooperative
Sumilao, Bukidnon
2,010,480.45
8. Isabela Seed Growers MPC
Cauyan, Isabela
4,208,000.00
9. Naujan MPC
Naujan, Oriental Mindoro
3,680,136.99
10. Paglaum MPCI
Looc, Plaridel, Misamis Occidental
4,300,207.90
11. MangioyMPC
Compostela Valley, Davao del Norte
3,899,000.00
TOTAL
P32,409,184.50*
Note that the total differs from the first table on summary of all FLGC loans granted as this list contains 
adjusted exposure also mentioned earlier.
the


B. DEFAULTING FLGC BENEFICIARIES
The following FLGC beneficiaries have failed to settle their amortization for more 
than four (4) consecutive periods, and are therefore considered in default.
Further details on the defaulting beneficiaries are on Annex 2.
FLGC
Beneficiaries
Principal
Balance from 
Principal
Interests/
Penalties/
Surcharges
TOTAL
Outstanding
Balance
1. Aiacaak
Development
Multipurpose
Cooperative
Bgy. Aiacaak,
Sta. Cruz,
Occidental
Mindoro
3,847,786.25
1,352,983.34
1,397,477.82
2,750,461.16
2. New
Convenant
Multi-Purpose
Cooperative,
Inc. Bgy. 
Abaroan,
Roxas, Palawan
3,758,038.30
3,333,708.87
4,970,848.67
8,304,557.54
3. Mauban
Farmer's Multi-
Purpose
Cooperative
Bgy. Baao, 
Mauban,
Quezon
2,633,776.92
1,702,868.89
9,007,500.94
10,710,369.83
4. Albay
Federation of 
Agri-based
Coop Ligao
City, Albay
3,240,500.00
2,209,808.37
6,375,738.61
8,585,546.98
5. Bula Farmers' 
Irrigators Multi 
Purpose 
Cooperative 
Camarines Sur
3,391,209.50
2,432,760.65
7,306,018.61
9,738,779.26
6. KPBL
Development
Cooperative
Agpo, Lagonoy, 
Camarines Sur
2,700,076.70
1,752,316.93
4,777,560.57
6,529,877.50
7. Capuy-Basud 
Multi-Purpose 
Cooperative 
(CABAMUCO)
Capuy,
Sorsogon
2,042,248.38
1,639,958.58
3,249,567.13
4,889,525.71
8. Managok 
Multi-Purpose 
Cooperative
Simaya,
3,555,173.79
2,808,600.70
599,631.81
3,408,232.51


!
Malaybalay
City, Bukidnon
9. Bialong MPCI
Bialong, Mlang, 
North Cotabato
3,642,857.40
3,016,345.96
12,488,465.09
15,504,811.05
10. Maligaya
Farmers MPCI
Lambayong, 
Sultan Kudarat
3,484,370.59
2,043,325.53
6,139,841.17
8,183,166.70
TOTAL
P35,257,037.83
P22,485,516.52
P56,312,650.42
X P78,605,328^247
C. REPOSSESSED FLGCS
Per report of the then ISD as of June 30, 2019, the following fourteen (14) 
FLGCs were voluntarily surrendered to NFA for failing to operate and pay their 
loan amortizations. No further repossessions have been reported thereafter.
More details on the repossessed FLGCs are attached as Annex 3.
FLGC Beneficiaries
Principal
Outstanding
Balance
(Principal plus Interests, 
Penalties and 
Surcharges)
1. Sta. Monica MPC (FLGC III)
San Luis, Pampanga
P3,749,983.00
P 3,652,606.00
2. Taiimundok-Marimia MPC (FLGC iii)
Conception, Tarlac
3,430,304.00
3,201,354.00
3. FEPACOM (FLGC Hi)
Franza Munoz, Nueva Ecija
3,054,046.00
3,054,046.00
4. Silangan Sta. Cruz Irrigators Assn, Inc. 
(FLGC III) Napo, Sta. Cruz, Marinduque
3,595,000.00
3,595,000.00
5. The New Covenant MPC (FLGC III)
San Jose, Roxas, Palawan
3758038.30
11,794,348.43
6. Hamtic MPC (FLGC III)
Hamtic, Antique
3,546,891.48
3,531,515.57
7. Carmen MPC (FLGC III)
Katipunan, Carmen, Bohol
3,675,035.62
3,212,128.92
8. Ma. Asuncion MPCI (FLGC III)
Ma. Asuncion St. Bernard, So. Leyte.
4,518,229.89
4,435,338.25
9. Guitran - Dumingag F.I.I. Coop (FLGC ill)
San Pedro, Dumingag, Zamboanga Sur
4,155,097.80
3,163,530.90
10. Siay Farmers MPCI (FLGC)
Poblacion Siay, Zamboanga Sur
4,060,497.80
4,060,497.80
11. Titay MPC (FLGC III)
Ipil, Zamboanga Sur
4,155,097.80
8,479,990.38
12. Maragusan Valley Dev't Coop (FLGC III)
Marasugan, Poblacion, Davao Norte
3,900,000.00
3,900,000.00


1
13. Biaong MPCI (FLGC III)
Bialong, m'lang. North Cotabato
3,642,857.40
3,060,024.58
14. Malaya Agrarian Reform Community 
Coop. (FLGC III)
Maligay, Banga, South Gotabato
3,857,082.80
3,832,382.28
TOTAL
P53,098,161.89
P62,972,763.11
D. UNFINISHED FLGCs
The following FLGCs have not been completed nor turned over to the intended 
beneficiaries due to a case filed by NFA with the building contractor. As the case 
progressed, the existing structures were left to deteriorate and no funding was left to 
continue the construction. Further, the beneficiaries refused to accept the FLGC on an 
as-is-where-is basis, as they did not have funds to complete the project either.
FLGC Beneficiaries
Principal
1. Kili-Kili MPCI
Wao, Lanao del Sur
FI ,612,502.90
2. Christian Village MPC
Wao, Lanao del Sur
1,951,163.43
'.A food'-seciin' 'Philippines villi prosperous f<inncrs and' fislierfofh"


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MfiMH D
eOQFERATIVI DEVELOPMENT AUTHORITY ------
Ha/ 
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nufSHtr MM 
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•AfiOMO t>H»mA3
30 January 2025
HON. CYNTHtA A. VILLAR
Senator, Republic of the Philippines
and Chairman, Senate Committee on Agriculture, Food and Agrarian Reform 
GSIS Bldg., Financial Center, Diokno Blvd., Pasay City 
senateaari.aaracommittee@amail.com
Attention:
ATTY. PHILIP LINA
Committee Secretary 
Senate Committee on Agri-Agra
Subject: 
REPORT ON THE COOPERATIVE DEVELOPMENT LOAN FUND (CDLF)
Dear Senator Villar,
Greetings!
The Cooperative Development Authority (CDA) is pleased to submit to your good Office the 
Report on the CDLF, including our comments on the Proposed House Bill 5702 and Senate 
Bill 2744.
We hope the report will provide sufficient information as required. Thank you.
Sincerely,
ASECTSANTIAGO s. lim
Administrator
OMte0 of the Choiinisin v {02|i 0?21>532O 
(02J fl72il-S324 
OlIlCO of the A<)mi«istrator : (02)1 072I-O633
Officer of the Day - (02) 6726-3764 | TUVhhainiancI j
Meti»»0mor»l rg,
SyMoni 
IS0900t:20tS
«5 »10W7O7i»3


STATUS OF CDLF LOANS:
a) Based on the inventory conducted, the CDA has the following CDLF loan accounts as 
December 2024:
With records available 
Without records available
137 cooperatives 
81 cooperatives
The loan accounts without records were based on the list/inventories transferred from tt 
past agencies that handled such accounts.
The details of the loan accounts per region are hereto attached as Annex A.1 and A.2. 
b) In summary, the total amount of CDLF Loans with available records are the following:
OUTSTANDING CDLF LOANS (WITH RECORDS)
No. of Cooperatives
137
Outstanding Principal
77,981,823.50
Interest
219,368,178.23
Penalty
42,347,914.44
Outstanding Balance
343,550,829.51
From the 137 cooperatives with outstanding loans, seven (7) have secured their loai 
with collateral, to wit:
Name of Coop- 
Beneficiary
Address
Outstanding
Principal
Interest
Penalty
Outstanding
Balance
Status
Nueva Ecija 
Confederation of 
Coops,
Nueva
Ecija
7,000,000
21,000,000
0
28,000,000
Non­
operating
Masbate 2nd 
District
Federation of 
Cooperative
Matungo,
Tugbo,
Masbate,
Masbate
4,865,000
13,023,600
15,632,248.33
33,520,848.33
still
operating 
and with 
payments
Sorsogon
Integrated
Development
Cooperative
Sip-ac
Cabid-an,
Sorsogon,
Sorsogon
2,038,484.20
4,613,998.60
4,732,082.26
11,384,565.06
Non
operating
Antique
Federation of 
Cooperatives
SAn Jose, 
Antique
350,000
2,075,705.23
1,206,366.67
3,632,071.90
Compliant
Cooperative
Banks of Negros 
Occidental
Mabin-
Margarita
Sts.,
Libertad,
Bacolod
City
458,333.33
953,333.33
0
1,411,666.66
Can not 
be
located


Cooperative
Bank of Lanao 
del Sur
3,750,000
12,478,250
12,170,750
28,399,000.00
Non
operating
Federation of 
NPC-PICOP 
Assisted Tree 
Planters
1,500,000.00
4,160,000.00
0
5,660,000.00
Non-
Existing/N
on-
Operating
c) For CDLF loans without available records, the total amount of CDLF Loans are tl 
following:
OUTSTANDING CDLF L(DANS (WITHOUT RECORDS)
No. of Cooperatives
81
Total Principal Amount
39,239,114.69
Total Payments Made
13,247,625.52
Total Balance
24,091,489.17
From the 81 cooperatives with outstanding loans, three (3) have secured their loans wi 
collateral, to wit:
Name of Coop- 
Beneficiary
Address
Amount
Released
Payments
Balance
Status of the 
Cooperative
Co
Isabela
Polytechnic
College
Isabela
5,000,000
3,750,000.00
1,250,000.00
not a
cooperative
Capiz 1st 
Federation of
United
Cooperatives
Avenue Mart, 
Roxas 
Avenue, 
Roxas City
2,500,000.00
0
2,500,000.00
compliant
Negros
Occidental 
Federation of 
Agri-based Coop.
Araneta St., 
Bago City, 
Negros 
Occidental
987,500.00
0
987,500.00
Non-operating
1
PART II
CDA’s Comments to HB 5702 and SB 2744:
This Office commends the proponents of House Bill No. 5702 and Senate Bill No. 27^ 
for crafting a legislative measure geared towards allowing the farmers, fisherfolk 
agrarian reform beneficiaries, CDA-registered cooperatives, agrarian reform beneficia 
organizations and farmer organizations, who shall thereafter be referred to as “delinque 
borrower” (for purposes of the law), regained access to government and commerci 
credit facilities” thereby ensuring their viability.
Nevertheless, this Office cannot overlook the fact that such delinquency has cause 
government losses through unpaid obligation. To simply condone or allow tf


restructuring of the loan on the sole basis of force majeure or market aberration may t 
disadvantageous for the government and unfair to the other debtors of the governme 
who obtained their loan through other financial programs not included under Section 5 
the proposed legislation.
1. On the Definition of Terms
- Condonation.
• For clarity, this Office suggests the adoption of the following definition 
Condonation:
“Condonation refers to the act of the National Government waiving 
or abandoning its right to collect from the delinquent borrower any 
unpaid interest, penalties, and surcharges, if any, arising from the 
grant of loans to them under any of the enumerated program in 
Section 5, hereof.”
However, since “condonation”, as used in the proposed legislation, on 
pertains to “unpaid interest, penalties, and charges, there is a need to clarif 
in the bill or in the Implementing Rules and Regulations to be crafted pursua 
thereto, on how the government agency (creditor) may at its own right claim1 tt 
principal obligation from the delinquent borrower.
If the intent is to still allow the CDA or other concerned government agency 
collect the unpaid principal obligation (free of any interest, surcharges, ar 
other penalties) then the insertion of an additional section giving ea< 
concerned agency an “Asset Recovery Fund” or “Exemption of Governme 
Agencies from Court Filing Fees and Other Relevant Expenses” is heret 
recommended.
This Office further recommends that a Fifty Million Pesos (Php 50,000,000.0' 
be included in the Annual Budget of each concerned governed agency to for 
part of their “Asset Recovery Fund”. Such a fund will ensure that each agenc 
will have sufficient budget to proceed with the foreclosure of whatevi 
securities were submitted in relation to the loan obtained. In the absence of c 
Asset Recovery Fund, exemption from court filing fees and other releVa 
expenses such as the cost for the transfer of title will also ensure that actic 
for collection, foreclosure of collaterals, and recovery of other loan securitie 
will be timely processed.
CDA-Registered Cooperatives
• For clarity and to avoid confusion, this Office recommends defining “CD> 
Registered Cooperatives” to refer to ‘any farmers, fisherfolks, and agrark


reform cooperatives duly registered before the Cooperative Developme 
Authority (CDA) who obtained loans under any of the programs enumerate 
in Section 5 of the proposed legislation’.. Consequently, its definition sh{ 
also be included in the Definition of Terms.
- Delinquent Borrower
• For clarity and consistency of terminologies, this Office recommends tf 
adoption of the following definition of “Delinquent Borrower”:
“Delinquent Borrower refers to farmers, fisherfolks, agrarian reform 
beneficiaries, CDA-registered cooperatives, agrarian reform 
beneficiary organizations and farmer organizations with at least three 
(3) consecutive unpaid amortizations or whose total unpaid 
amortization has reached twenty percent (20%) of the total 
outstanding balance of the loan regardless of the number of unpaid 
amortizations as of the effectivity of this Act.”
2. On Section 4. Condonation
Inasmuch as we recognize the contributions of our farmers, fisherfolk 
agrarian reform beneficiaries, cooperatives, agrarian reform beneficia 
organizations, and farmer organizations in the development of our country 
agricultural sector, we should likewise consider the consequent effect of tf 
condonation to the government’s existing loans with collaterals that ha\ 
acquired maturity and are in the process of foreclosure, hence demandable.
In this regard, we recommend that an additional qualification be inserted in th 
section or a separate provision, whichever is applicable, stating that the gra 
of one-time condonation should not cover secured loans that have become dr 
and demandable or have acquired maturity and are already enforceable befoi 
courts for foreclosure of collaterals or security, thus Section 4 shall now be rea 
as:
“Sec.4 Condonation - All unpaid interest, penalties, and surcharges 
of agricultural and agrarian reform credit secured by farmers, 
fisherfolks, agrarian reform beneficiaries, CDA-registered 
cooperatives, agrarian reform beneficiary organizations, and 
farmer organizations from the Department of Agrarian Reform 
(DAR), Department of Agriculture (DA), People’s Credit and 
Finance Corporation (PCFC), Cooperative Development Authority 
(CDA), National Food Authority (NFA), and the Quedan and Rural 
Credit Guarantee Corporation (QUEDANCOR) prior to the 
effectivity of this Act are hereby condoned upon approval of the 
application for condonation of a borrower qualified under this Act:
Provided, That the bases for condonation shall be limited to


cases involving force majeure or market aberration, and shall, in 
no case be applied to cases resulting from the willful default of the 
borrower to pay such loans: Provided, further. That accumulated 
payments of not less than two percent (2%) of the loan principal 
shall have been paid at the time of application for condonation; 
Provided, furthermore. That, a graduation process shall be 
followed in consonance with the plan of payment, such that a 
borrower shall be granted a one-time condonation only to 
encourage borrowing discipline and enhance credit worthiness: 
Provided, finally, That the condonation of unpaid interests, 
penalties, and surcharges from loans acquired through conduit 
banks, financial institutions, and the agencies mentioned above 
shall be in conformity with the applicable general banking laws and 
regulations of the Bangko Sentral ng Pilipinas. . Provided, 
however, that secured loans that have become due and
demandable and have acquired maturity and are already
before courts for foreclosure shall not be covered by this law.
Additionally, considering that condonation is granted only upon applicatic 
of the covered and qualified borrower, it is recommended that the procedui 
in availing the condonation be expressly outlined either in the bill itself or i 
the Implementing Rules and Regulations. Alternatively, the concerne 
government agency may also be instructed either in the bill or in the IRR1 
draft their respective Guidelines.
3. On Section 5, Coverage
In addition to the enumerated accounts covered by the condonation prograr 
this Office likewise recommends the inclusion of beneficiaries that are CD/ 
registered cooperatives, as used in this bill, under the following loan progran 
of the CDA:
a. Cooperative Rehabilitation and Development Loan;
b. Cooperative Support Fund;
c. Special Loan Fund;
d. Cooperative Marketing;
e. Congressional Initiatives Assistance;
f. 
Priority Development Assistance Fund; and
g. Countrywide Development Assistance Fund
Notwithstanding this suggestion, this Office defers to your Office’s judgme 
on whether the loans obtained through the above-enumerated progran 
should be considered in the proposed legislative measures.
4. On Section 6. Qualified Beneficiaries


To avoid redundancy, this Office recommends the removal of the woi 
“delinquent” prior to the word “farmers”. This would also emphasize the secor 
qualifier which pertains to “delinquent borrower”.
“Sec. 6 Qualified Beneficiaries - Farmers, fisherfolks, agrarian 
reform beneficiaries, CDA-registered cooperatives, agrarian reform 
beneficiary organizations and farmer organizations that secured 
agricultural and agrarian reform credit under any of the accounts 
enumerated in Section 5 of this Act and who are delinquent 
borrowers may apply for condonation of unpaid interests, penalties, 
and surcharges with the concerned government agency or 
corporation.”
5. On Section 7. Approval of Application for Condonation
Regarding the repayment period for the restructured loan, this Offic 
recommends that the period be determined based not only on the finarici 
capacity of the delinquent borrower but also on the amount of the principal loc 
obtained from the government agency. Furthermore, rather than listing specH 
delinquent borrowers eligible for the condonation and loan restructurir 
program, it is suggested to adopt the term “delinquent borrower” f 
consistency in terminology. Thus, it Section 7 shall now be read as:
“Section 7. Approval of Application for Condonation. - xxx. The 
period for payment of the restructured loan shall be determined 
according to the financial capacity of the delinquent borrower as 
well as the amount of the principal loan obtained at the time the 
application for loan condonation and restructuring is approved .xxx”
6. On Section 8. Collection of Payment
Currently, the CDA awards grants to certain qualified cooperatives. In th 
regard, this Office recommends that the loan payments from the Cooperativ 
Development Loan Fund (CDLF), be remitted to the CDA, instead of tf 
Bureau of Treasury (as originally provided in the draft bills) for use 
supporting its programs for cooperatives. Such an act is in line with its manda 
to promote the viability and growth of cooperatives as instruments of eqdit 
social justice, and economic development. Additionally, said loan paymen 
may also form part of the “Asset Recovery Fund” as earlier recommended.
7. On Section 11. Implementing Rules and Regulations
- In view of the Office of the President Memorandum Order No. 13 s.201 
directing the abolition of Quedan and Rural Credit Guarantee Corporatic


(QUEDANCOR), this Office recommends its removal under Section 11 as or 
of the agencies to be consulted in the crafting of the IRR.
- 
Moreover, it is also suggested that the Commission on Audit (COA) be include 
as one of the resource persons charged with the crafting of the Implementir 
Rules and Regulations.
- 
In addition, the proposed legislation provides that the condonation shall only t 
based on force majeure and market aberration. Although details of what me 
constitute force majeure or market aberration may be specified in tf 
Implementing Rules and Regulations, the proposed legislation shou 
determine the minimum requirements for proof that the default in the payme 
by the borrower of the loan is not willful but based on force majeure or mark 
aberration (which may also be included in the IRR).
8. Other Recommendations.
Although this Office supports the proposed legislative measures, it 
recommended that further studies and comparative research be conducted 
address its technical aspects and the treatment over loans that are due ar 
demandable with collaterals that are for foreclosure vis-a-vis those which c 
not have any securities but remain unpaid.
Additionally, it is suggested that input be solicited from other relevant agencie 
such as the Department of Finance in view of its technical expertise; as well c 
that of the Commission on Audit in view of its power to compromise undi 
Section 20(1), Chapter IV, Subtitle B, Title I, Book V of Executive Order N 
292 which states that "when the interest of the Government so require 
the Commission may compromise or release in whole or in part, ar 
settled claim or liability to any government agency not exceeding t€ 
thousand pesos arising out of any matter or case before it or within i< 
jurisdiction, and with the written approval of the President, it mav likewis
compromise or release any similar claim or liability not exceeding or 
hundred thousand pesos. In case the claim or liability exceeds or 
hundred thousand pesos, the application for relief therefore shall I: 
submitted, through the Commission and the President, with the 
recommendations, to the Congress xxx”.
Under this provision, the authority to compromise a settled claim or liabili 
exceeding PI00,000.00 involving a government agency is vested, not in tt 
COA, but exclusively in Congress. [Binga Hyrdoelectric Plant, Inc. v. CO 
and NPC, G.R. No. 218721, July 10, 2018)


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