[ QRCGC CIRCULAR NO. 097, SERIES OF 1999, May 03, 1999 ]
DA-QUEDANCOR-PHILRICE AGRIKULTURANG MAKAMASA FOR RICE PRODUCTION TECHNO-DEMO (AGRIKULTURANG MAKAMASA - RICE TECHNO - DEMO) AND TEKNOBINHI 100 PROGRAM
x x x
4. SCOPE
x x x
TECHNO-DEMO Project shall cover 20 hectares per municipality while the TEKNOBINHI 100 Program will finance a maximum of 100 hectares per province to ensure the availability of seed suppliers for farm-users.
5. STATEMENT OF POLICIES
x x x
5.6 Interest and Service Fees
x x x
5.6.2 A non-refundable service fee of 2.5% per annum of the loan amount shall be charged and deducted from the conduit s loan proceeds.
x x x
5.7 Term and Mode of Payment
The loan shall be paid by the lending conduit to Quedancor within 200 days from date of loan release while the beneficiaries to lending conduit/Quedancor within 185 days.
x x x
6. MECHANICS OF IMPLEMENTATION
x x x
6.2 Clientele Accreditation
x x x
6.2.5 Paid subscription of 100 shares of Quedancor s share of stock amounting to P10.00
6.3 Input Supplier Accreditation
x x x
6.3.5 Paid subscription of 500 shares of Quedancor shares of stock amounting to P500.00.
6.4 Lending Conduit Accreditation
6.4.1 RBs and CRBs
x x x
6.4.1.5 Paid subscription of 500 shares of Quedancor shares of stock amounting to P500.00.
6.4.2 FPOs
x x x
6.4.2.8 Paid subscription of 500 shares of Quedancor shares of stocks amounting to P500.00
x x x
This guideline shall take effect immediately.
Adopted: 03 May 1999
(SGD.) GALO B. GARCHITORENA
President & CEO