Quedan & Rural Credit Guarantee Corporation (QUEDANCOR)
I. AGENCY DESCRIPTION
REPUBLIC ACT 7393 - An act reorganizing the Quedan Guarantee Fund Board, renaming it as Quedan and Rural Credit Guarantee Corporation, enlarging its powers and resources to support farmers and rural enterprises, and for other purposes.
II. MANDATE/FUNCTION
It shall be the policy of the State to accelerate the flow of investments and credit resources into the countryside so as to trigger the vigorous growth and development of rural productivity, employment and enterprises thereby generating more livelihood and income opportunities for the disadvantaged rural populace. Pursuant to this policy there shall be set up convenient credit-support mechanism and reliable guarantee system that shall effectively:
(a) Improve the bankability of and access by rural workers, their cooperatives and small rural enterprises to format credit institution.
(b) Provide incentives for the banking sector to focus upon and enlarge the flow credit funds and investments into rural areas.
(c) Institutionalize the quedan or warehouse receipt and other negotiable instruments, evidencing stored agri-aqua produce in bonded warehouses, as the more convenient collateral for obtaining credit financing;
(d) Prioritize financing support to agrarian reform beneficiaries and their cooperatives for their production inputs and labor costs and their acquisition of farm equipment and post-harvest facilities;
(e) Support dynamic cooperativism, capital formation and savings mobilization among the rural populace;
(f) Increase farm income by promoting a system that by-passes unnecessary layers of middlemen and links producers more closely to end-users through auction market, trading centers, consumers cooperatives and the like; and
(g) Harmonize and coordinate with all government institutions, non-governmental organization, private voluntary organizations, self-help groups and other aggrupations involved in providing support services to rural inhabitants.
III. CONTACT INFORMATIONS
NAME OF OFFICE TEL. NO. E-MAIL ADDRESS
1. REGIONAL OFFICE NO. III 045-861-0960 quedancor_region@yahoo.com
2. Bataan 047481-4641 bataan_district@yahoo.com
3. Bulacan 044-662-6210 bulacan_district@yahoo.com
4. Nueva Ecija 044-600-0694 quedancor_cabanatuan@yahoo.com
5. Pampanga 045-860-3820 quedancor_pampanga@yahoo.com
6. Tarlac 045-800-0889 quedancor_tarlac@yahoo.com.ph
7. Zambales 047-811-3784 quedancor_zambales@yahoo.com
