The Special Window and Interim Support to Nurture Hog Enterprises (SWINE) Lending Program is a financing initiative launched in 2021 through a partnership between the Land Bank of the Philippines and the Department of Agriculture (DA), supported by a P15-billion allocation to aid the country’s swine repopulation and recovery efforts after the African Swine Fever (ASF) outbreak. It aims to provide financial assistance to commercial hog raisers, cooperatives, SMEs, and corporations for swine production, feed milling, facility construction, equipment acquisition, and working capital, to support swine production and other related operations, while complying with DA biosecurity standards.
The program operates under the DA’s Integrated National Swine Production Initiatives for Recovery and Expansion (INSPIRE), helping stabilize pork supply, secure food availability, support hog raisers, and revitalize the agriculture and livestock sectors affected by the ASF outbreak and other economic challenges by supporting both individual agribusiness growth and national food security recovery efforts.
Program Overview
The SWINE Lending Program was introduced in 2021 to address the decline in hog production caused by the ASF outbreak. With an initial P15-billion fund, it supports the DA’s INSPIRE Program by providing affordable loans for swine production, feed milling, facility upgrades, and related agribusinesses. The program offers up to 80% financing of project costs, low fixed interest rates, flexible loan terms, and additional support such as biosecurity training, insurance, and marketing assistance.
Approved Loan Purposes
Eligible borrowers can apply for loans under the SWINE Lending Program for various purposes, such as:
- Swine production, including the acquisition or importation of semen and breeding animals
- Working capital needs
- Permanent working capital
- Building construction, improvement, or retrofitting following DA biosecurity protocols
- Land development
- Construction of sheds, stalls, piggery buildings (climate-controlled or conventional), and other facilities
- Development of biogas systems and lagoons
- Acquisition of fixed assets, such as machinery and equipment
Credit Facilities Available
It also offers two credit facilities:
- Short-Term Loan Line (STLL): Available for one year, renewable via Promissory Notes depending on the business cash cycle.
- Term Loan (TL): For permanent working capital, fixed asset acquisition, and construction.
Loanable Amount
Once approved, borrowers may get loans covering up to 80% of the total project cost.
Loan Terms
There are also multiple terms available under the program. These includes:
- Short-Term Loan Line: Valid for one year based on cash cycle.
- Term Loan:
- Permanent Working Capital: Up to 5 years.
- Fixed Asset Acquisition/Construction: Based on cash flow or payback period, but not exceeding the remaining economic useful life of assets or machines. Payments are scheduled quarterly or semi-annually.
- Grace period on principal and interest may be granted, depending on cash flow, with initial income to be deposited in a Debt Service Reserve Account (DSRA).
Interest Rates
The interest rates are:
- Fixed at 3% per annum for the first three years.
- After the initial term, interest rates will be repriced annually based on prevailing market rates, but will not fall below 3% per annum.
Collateral Requirements
To secure the loan, applicants must provide the following as collateral:
- Real Estate Mortgage (REM)
- Chattel Mortgage
- Other forms of collateral acceptable to Landbank
Credit Enhancers
Additional credit enhancement options are also offered and these include:
- Assignment of Receivables
- Insurance (PCIC, Credit Life Insurance)
- Guarantee cover (e.g., Credit Surety Fund – CSF)
- Post-Dated Checks (PDCs) for principal and interest payments
Who Can Apply?
The target borrowers for the SWINE Lending Program include:
- Cooperatives and Farmers Associations
- Small and Medium Enterprises (SMEs)
- Large Enterprises and Corporations
These borrowers must be engaged in commercial hog raising and be officially registered.
Eligible Projects
Aside from being members of these groups, those who seek financial assistance under the program must be involved in the following projects:
- Swine production: Breeder and grow-out of wean-to-finish hogs
- Feed milling operations
- Allied businesses: Abattoirs, meat processing, and related enterprises
Documentary Requirements
To apply, they will need the following:
General Requirements for All Borrowers
- Certification from Bureau of Animal Industry (BAI) indicating the project area is released from ASF quarantine
- Certification from DA RFO TWG on Swine Recovery, Rehabilitation, and Repopulation, confirming compliance and authorization to restock
- LGU Certification for at least Level I Biosecurity classification
- Comprehensive project proposal/business plan including:
- Financial projections
- Source of equity
- List of suppliers, markets, and buyers
- Contact details
- Contract Growing/Breeding Agreement (if applicable)
- Training certifications on swine breeding/rearing and biosecurity management from recognized institutions (DA-ATI, integrators, feed companies, etc.)
Specific Loan Requirements
Depending on the loan purpose, there are other additional documents required from the applicants and these include:
- Production Loan: Farm Plan and Budget
- Construction/Repairs/Renovation:
- Cost estimates
- Building plan and specifications
- Bill of materials and work program
- Building permit
- Acquisition of Machinery/Equipment: Price quotation of equipment
- Existing Businesses:
- BIR-filed audited financial statements for the past 3 years
- Latest interim financial statements
Collateral Documentation
Applicants will also need the following documents depending on the collateral they are putting forward:
- REM Photocopies:
- Title
- Tax Declaration
- Real Estate Tax Receipt (RETR) and Clearance
- Location/vicinity map
- Building plans and architectural designs
- Bill of materials for land development and improvements
- Chattel Mortgage:
- Evidence or affidavit of ownership of machinery or equipment (e.g., OR/CR of vehicle)
Additional Legal Documents
Additional documents will also be required depending on the business type:
- Single Proprietorship: Certificate of Registration with DTI
- Cooperatives/Associations/Corporations:
- Certificate of Registration with CDA or SEC
- CDA Certificate of Compliance (for cooperatives)
- Articles of Cooperation/Incorporation and By-laws
- Certified list of members (for cooperatives/associations)
- Certified list of board of directors and key officers with bio-data and TIN
- Board Resolution authorizing borrowing and designating authorized signatories
How to Apply
To apply for the SWINE Lending Program, here are the steps you need to follow:
Step 1. Prepare and complete all required documents listed above.
Step 2. Visit the nearest Landbank Lending Center for application submission.
Step 3. The Landbank Lending Center will evaluate your loan application, verify documents, and conduct credit investigations.
Step 4. Upon approval, Landbank will release the loan and provide monitoring support.
Step 5. Borrowers must comply with repayment terms and participate in monitoring activities to ensure loan compliance and project success.
Program Support
The DA works closely with Landbank to implement the SWINE Lending Program. Through the INSPIRE Program, the DA also provides support services such as:
- Training on hog breeding, rearing, and biosecurity management
- Certification of ASF-free zones
- Agribusiness and marketing assistance
Qualified borrowers may also receive:
- Technical assistance
- Hog insurance
- ASF biosecurity support
Video: SWINE Lending Program
The SWINE Lending Program not only offers much-needed financial assistance to hog raisers in the Philippines, but by supporting swine production, feed milling, and allied businesses, the program also helps strengthen the country’s pork supply and stabilize food security. Commercial hog raisers, cooperatives, SMEs, and large corporations engaged in livestock are encouraged to take advantage of this opportunity to expand their businesses and contribute to the recovery of the agriculture sector, especially after the recent ASF outbreak and other crisis brought about by other factors which greatly impacted the food security in the country. To learn more about the program, watch this video below:
Contact Information
For more information and loan applications, contact:
Landbank Lending Center:
- Customer Care Hotline: (+632) 8-405-7000
- PLDT Domestic Toll-Free: 1-800-10-405-7000
- Email: customercare@landbank.com
- Website: www.landbank.com
Landbank Programs Management Department I:
- 27th Floor, Landbank Plaza, 1598 M.H. del Pilar cor. Dr. J. Quintos Sts., Malate, Manila
- Tel. No.: (+632) 8405-7450
- Fax No.: (+632) 8528-8542