In addition to its broad selection of loan products, FICOBank simultaneously introduced its Todo Ani Loan to its target market in Northeast, Central and Northwest Luzon on June 6, 2011. This latest agricultural loan product of the Bank is designed for small farmers and fisherfolk who are engaged in food production projects/activities.

With the Todo Ani Loan, the underserved segment of the agriculture sector—the small crop-growers, the small livestock- and poultry-raisers, and the small fisherfolk—that is long neglected by the banking institutions will be able to get enough financial assistance (without any collateral) for any demand-driven agri-fishery project from FICOBank. This competitively-priced loan product can help the cash-strapped small farmers and fisherfolk unleash the full potential of their respective agribusiness projects/activities for grains, vegetable, high-value crop, poultry or livestock production, or for marine culture, coastal fishing or fishpond operation. Through the Todo Ani Loan, to include, but not limited to, the vital natural, technological and transactional factors, the agribusiness projects/activities of the loan clients will surely reach the peak of success.  

Todo Ani Loan has the following salient product features: (i) loan amount is up to P500,000.00, dependent on the project cost; (ii) loan term is up to one year, contingent on the production cycle; payment may either be made in lump-sum or amortization basis; (iii) interest on loan is comparatively low; and (iv) no hard collateral is required. It is distinctively positioned in the minds of the target clients as “Agring-agree ang agribusiness mo; Kolateral ay di sagabal sa Todo Ani Loan.”

This segment of the market, which is once ignored by the formal banking industry, has now the one-of-a-kind opportunity to escape from the pit of deprivation through this latest loan product of FICOBank. Thus, it will not be hard for the Bank’s Todo Ani Loan to create a niche in the market, as a socially-responsible loan product.