The Productivity Enhancement Program (PEP) is a project financing facility being implemented by the National Economic and Development Authority (NEDA) using its 20% share from the RP-Japan Grant Assistance for Underprivileged Farmers (GAUF), formerly known as the KR2 Grant.  It aims to foster economic and social development at the national and local levels by providing funding support to small scale, short-gestating productivity-enhancing projects, especially in marginal rural areas.