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The Agri-Ara Reform Credit Act of 2009, Republic Act No. 10000 (Philippines)

The Act requires all banking institutions, both government and private, to set aside at least 25% of their total loanable funds for agriculture and fisheries credit in general, of which at least 10% of the loanable funds shall be made available for agrarian reform beneficiaries. 

Agriculture and agrarian reform credit consists of loans to finance activities including:

  • Agricultural production
  • Promotion of agribusiness and exports
  • Acquisition of work animals
  • Farm and fishery equipment and machinery, among others

It shall be for the benefit of farmers, fisherfolk, and other agrarian reform beneficiaries. The benefit shall also be extended to cooperatives and associations in good standing, and shall be based on the feasibility of their projects and paying capacity.