DTI Rapid Growth Project

DTI Rapid Growth Project

Launched in 2019, the Rural Agro-enterprise Partnership for Inclusive Development and Growth or the RAPID Growth Project aims to stimulate agro-enterprise development in rural areas.  Anchored on selected Value Chains, it adopts a whole-of-government approach in the delivery of services, expands economic opportunities, creates more agro-enterprises, particularly in the rural areas, and facilitates easy access to market, and technology transfer, financing, and other business development support services.  

Project Goal 

The Project’s development goal is to increase the income level of small farmers and unemployed rural women and men across a selected agri-based value chain.  

Project Priority Areas

Supported by the International Fund for Agricultural Development (IFAD) through a US$62.9M loan and US$2.5M grant components, RAPID covers 21 provinces in 7 regions nationwide.  The selection was based on the growth potential of the selected priority agricultural value chains in the area, poverty incidence, and cluster operational efficiency considerations. 

Funding Partners

The project’s total cost is PhP 4.781B, taking into account the counterparts from the Government of the Philippines (GoP); Local Government Units (LGUs); Financial Service Providers (FSP) provide financing support to cover the counterpart of the project beneficiaries for the matching grant and the equity participation of project beneficiaries.

ABOUT THE COMPANY

Website:
www.dti.gov.ph/rapidgrowth
Company Email:
rapid.npco@dti.gov.ph
Office Number:
(082) 224-0511 / (082) 221-4952
Office Address:

 2/F Mintrade Building, Monteverde corner Sales Sts.,

 Davao City, Philippines, 8000

Services Offered:

Strengthening the backward linkages to farmers; providing strategic business development services across the value chain of four focus segments comprised of high-value crops, namely, coffee, cacao, coconut, and processed fruits and nuts; secure necessary access to raw materials; access to state-of-the-art technology and equipment; support to strategic investment projects through rehabilitation of vital farm-to-market road segments; and building commercial partnerships provide an enabling condition for businesses to grow and help sustain the agri-based MSMEs.

Commercial Partners such as corporations and MSMEs, also referred to as Anchor Firms, engaged in either processing or trading commodities belonging to the Project’s four high-value crops, are expected to provide marketing support and/or technical assistance to ensure that the quality of products meets the standards or quality requirements of the Anchor Firm or the market.