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(NAR) VOL. 11 NO.3 / JULY – SEP. 2000

[ 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



Circular No. 090, Series of 1998 on DA-QUEDANCOR Agrikulturang MakaMASA for Rice Production Techno-Demo (Agrikulturang MakaMASA — RICE TECHNO — DEMO) is hereby amended with respect to the following:

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

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