5. 2. Cocoa Industry development progress, opportunities and finance needs
6. Recent Philippines Cocoa Development Projects Project/Activity Location Duration Value USD SUCCESS Alliance Phase I Palawan, Nth Luzon, Zamboanga del Norte 2002-2005 USAID: 0.5 million SUCCESS Alliance Phase II Palawan, Nth Luzon, Western Mindanao, Davao City, Panay, Sth Luzon 2006-2010 USDA: 2.6 million CoCoPAL Farming Systems Project: cocoa, coconuts, food crops. Southern and western Mindanao 2010-2013 USDA:5.4 million Project/Activity Location Duration Value USD SUCCESS Alliance Phase I Palawan, North Luzon, Western Mindanao 2002-2005 USAID: 0.5 million CocoaPhil and HVCCDP Palawan, Cebu, Luzon, SMIN 2006-onwards ?? SUCCESS Alliance Phase II Palawan, N & S Luzon, Western Mindanao, Davao City, Panay, 2006-2010 USDA: 2.6 million CoCoPAL Farming Systems Project: cocoa, coconuts, food crops. Southern and Western Mindanao 2010-2013 USDA: 5.4 million
14. THE COCOA CHALLENGE 2020 Annual rate cocoa replanting: 7 million clones per year Tree profile 2020 58 Million bearing trees Farmer Profile 2020 130,000 cocoa farmers Cocoa production DBE 100,000 tonnes Value production at USD 2500/t USD 250 million Estimated value major inputs USD 38 million Number of Cocoa Driers 1900 Number Cocoa Fermentaries 270 Number of Organic Fertiliser Facilities 355 Number of cocoa nurseries 2013 65 Number Bud wood gardens 69
15. To meet the 2020 Challenge we need inputs: Major Input supply needs acc to 2020 Equals 9 billion pesos over next 10 years conservative estimate of inputs needed
17. 3 . How Cocoa farmers get credit now and the problems they face .
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21. Some indicative products and conditions Provider Product/ Service Conditions GREEN BANK OF CARAGA Agri Loan type 1 3 years, 5 million, 15%, land title ONE NETWORK BANK Farm loans 18%, land title, for existing crops only, not new crops DEVELOPMENT BANK OF THE PHILIPPINES SEED High Value Crops Financing Programs Priority crops inc cocoa, 10-12%, SEC /CDA registration with land title ENTERPRISE BANK Small Business Loan 18%, with security, 3 mths to 60 mths, numerous reqs to be met LAND BANK Agriculture Credit Support Project (ACSP): Production loan Prevailing comm. rates of interest, short/long term, collateral can include produce (deed of assignment)
22. 4. Aligning CoCoPAL to facilitate micro finance value chain growth for cocoa farmers
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