• With asset size of not more than P3.0 Million; and
• Total loans inclusive of the PFI's is not more than P500 Thousand.

Consideration Granted on the Sub-borrower:

• May be on clean basis in terms of collateral cover
• Any valid permit will suffice as business registration
• Financial information simply based on the certification of the PFI will suffice, in the absence of full financial statements

Validity Period: The graduating micro may be funded by SBC under these relaxed terms for a period of not more than four years.

Miscellaneous Guidelines:

• The PFI may avail in batches of less than P500 Thousand under the window, but the loan floor of P100 Thousand per sub-borrower shall remain.
• Any micro-enterprise that complies with all the standards of SBC on collateral cover, on business registration with DTI or SEC and on the full financial statements may be funded under the regular SME Wholesale Lending Program.
• In addition to banks and to NBFIs, the Window is also open to microfinance institutions such as cooperatives and nongovernment organizations that have graduating micro-borrowers.

Pass-on Rate:

• 360 days and below - 7.3% p.a. if compliant with standard collateral requirement 7.5% p.a. if otherwise
• More than 360 days - 7.8% p.a. if compliant with standard collateral requirement 8.2% p.a. if otherwise

No processing fee shall be charged regardless of the term of the loan.

• May be on clean basis in terms of collateral cover
• Any valid permit will suffice as business registration

Contact Details:

SB Corporation Head Office
17th Floor, 139 Corporate Centre Valero St., Salcedo Village, Makati City
Phone No. (632) 751.1888 Fax No.: (632)894.1677 • 813.5726
Web: www.sbgfc.org.ph

Target End-Borrowers: Pre-enterprise micros, which are either startup or graduating micros

Type of Facility: Credit Line

Target Conduit:

• Medium Micro Finance-Oriented Institutions (with asset size of at least P15 Million and not more than P100 Million)
• Large Micro Finance-Oriented Institutions (with asset size of at least P100 Million)

Minimum Qualifications for Medium MFIs:

• At least 3 years in microfinance operations
• At least 3,000 microfinance clients; if wholesaler, at least 10 conduits
• Must have a manpower of at least 20 exclusively for microfinance operations; if wholesaler, at least 10
• At least 60% microfinance portfolio
• If bank, CAMELS rating of at least 3
• Latest Financial Ratios
• Borrower Risk Rating of "5" or better per SBC evaluation

Minimum Qualifications for Large MFIs:

• At least 10 years in microfinance operations
• At least 20.000 microfinance clients; if wholesaler, at least 20 conduits
• Must have a manpower of at least 100 exclusively for microfinance operations; if wholesaler, at least 20
• At least 60% microfinance portfolio If bank. CAMELS rating of at least 3
• Latest Financial Ratios
• Borrower Risk Rating of "5" or better per SBC evaluation

Loan Purpose:

• Retail re-lending to micro-borrowers
• Wholesale relending to MFIs

Terms and Requirements

Loan Amount:

a. Medium MFIs:

• Minimum of P3 Million
• Maximum of P50 Million on the first year
• Maximum of P100 Million for the succeeding years

b.  Large MFIs:

• Minimum of P15 Million
• Maximum of P100 Million on the first year
• Maximum of P200 Million for the succeeding years

Line Drawdown:  Minimum of P100 Thousand but up to 30% of credit line per drawdown

Term and Line Expiry : One year credit line, subject to renewal

Repayment Term per Drawdown: 360 days, payable quarterly; may be up to 2 years, if justified by nature of micro-borrowers' business

Interest Rate: Available upon request

Contact Details:

SB Corporation Head Office
17th Floor, 139 Corporate Centre Valero St., Salcedo Village, Makati City
Phone No. (632) 751.1888 Fax No.: (632)894.1677 • 813.5726
Web: www.sbgfc.org.ph

Eligible Borrowers:

• PCFC to MFI - accredited MFI partners
• MFI to Borrower MFI employees (priority to microfinance program staff)

Loan Purpose:

• PCFC to MFI - to finance the MFI's loan program for its employees
• MFI to Borrower - multi-purpose loan e.g. livelihood, salary loan, educational, emergency, appliance loan, house repair, hospitalization, etc.

Type of Credit Facility: One year revolving credit line

Terms/Requirements

Loan Amount:

• PCFC to MFIs - based on credit needs of MFI staff at 85% of value of sub-PN as indicated in the MFI Employees Credit Availment Plan (MECAP)
• MFI to Borrower - based on net take-home-pay of staff and/or household cash flow but not to exceed P50 Thousand per employee in accordance with MFI guidelines

Interest Rate and Service Charge:

• PCFC to MFI
  • For Promissory Notes with term of up to 1 year - 11% p.a. plus 1% service fee
  • For PNs with terms of more than 1 year - 12% p.a. plus 1% service fee
• MFI to Borrower - based on MFI's guidelines

Maturity and Mode of Payment:

• PCFC to MFIs - up to 3 years PN; quarterly amortization
• MFI to Borrower - based on MFI's policies/guidelines but not to exceed 3 years PN; payroll deduction every 15 days

Contact Details:

People's Credit and Finance Corp.
2/F  Accelendro Bldg.  395 Sen. Gil Puyat Ave., Makati City
Phone (632)897.8521 : 752.3745 Local 125 Local 134 Local 144 Local 156
e-mail: info@pcfc.ph
Web: www.pcfc.gov.ph

Eligible Borrowers:

• PCFC to MFI - accredited MFI partners
• MFI to Borrower - Low Income families in urban and rural areas

Loan Purpose:

• PCFC to MFI - to finance the MFI's relending program for its end-clients
• MFI to Borrower - to finance home improvement (repair, renovation, completion, expansion)

Type of Credit Facility: Term loan (non-revolving) available within one year from approval of credit facility

Terms/Requirements

Loan Amount:

• PCFC to MFIs - based on 85% of credit needs of end clients as indicated in the Housing Availment Plan (HAP)
• MFI to Borrower - in accordance with MFI's credit policies and end-clients repayment capacity (cash flow) but shall not go beyond P150 Thousand inclusive of end-clients other loans with the MFI. (Labor may be provided as counterpart of end-clients.)

Interest Rate and Service Charge:

• PCFC to MFI
  • For PNs with term of 1 year and below -11% p.a. plus 1% service fee
  • For PNs with terms of more than 1 year - 12% p.a. plus 1% service fee
• MFI to Borrower - based on MFI's credit policies and guidelines

Maturity and Mode of Payment:

• PCFC to MFIs - up to 5 years inclusive of 6-month grace period on principal for PNs with terms of 2 years or more; quarterly amortization on principal and interest
• MFI to Borrower - based on MFI's credit policies and guidelines but not to exceed 5 years

Contact Details:

People's Credit and Finance Corp.
2/F  Accelendro Bldg.  395 Sen. Gil Puyat Ave., Makati City
Phone (632)897.8521 : 752.3745 Local 125 Local 134 Local 144 Local 156
e-mail: info@pcfc.ph
Web: www.pcfc.gov.ph

• PCFC to MFI - accredited MFI partners
• MFI to Borrower - Low Income families in urban and rural areas (Suggested priority areas are households in an un-energized barangays and un-energized households in "energized" barangays.)

Loan Purpose:

• PCFC to MFI - to finance the MFCs micro-energy program for its end-clients
• MFI to Borrower - to finance the acquisition of small scale renewable energy solar home system/solar lanterns of poor individual households

Type of Credit Facility: Term loan (non-revolving) available within one year from approval of credit facility

Terms/Requirements

Loan Amount:

• PCFC to MFIs - based on 85% of credit needs of end clients as indicated in the Solar Availment Plan (SAP)
• MFI to Borrower - in accordance with MFI's credit policies and end-clients repayment capacity (cash flow) but shall not go beyond P150 Thousand inclusive of end-clients other loans with the MFI.

Interest Rate and Service Charge:

• PCFC to MFI
  • For Promissory Notess with term of up to 1 year - 11 % p.a. plus 1% service fee
  • For PNs with terms of more than 1 year - 12% p.a. plus 1% service fee
• MFI to Borrower - based on MFI's credit policies and guidelines

Maturity and Mode of Payment:

• PCFC to MFIs - up to 5 years PN; quarterly amortization
• MFI to Borrower - based on MFI's credit policies and guidelines but not to exceed 5 years

Contact Details:

People's Credit and Finance Corp.
2/F  Accelendro Bldg.  395 Sen. Gil Puyat Ave., Makati City
Phone (632)897.8521 : 752.3745 Local 125 Local 134 Local 144 Local 156
e-mail: info@pcfc.ph
Web: www.pcfc.gov.ph

Target Clients:

• All active and former member-OFWs of the Overseas Workers Welfare Administration (OWWA)
• OFWs' immediate family members (but only one family member per OFW can avail)
• Former OWWA LDPO borrowers with good records of repayment

Loan Purposes and Repayment Period:

• For short-term operating capital of new or existing business -two-year revolving credit line to be availed of via 30 to 180 days promissory notes.
• For permanent working capital for purchase of stock inventory or cost of franchise - 3 years repayment including one-year grace period on the principal
• For asset acquisition or construction (except for purchase of land) - payable in 3 to 5 years including one-year grace period on the principal

Terms/Requirements

Loan Amount:

• Individual Borrower - maximum loan of P200.000
• Organized and Registered Group of at least five members -maximum of P1.0 Million.

Interest Rate:

• NLDC to Program Partners Interest: 3% per annum to be amortized with principal
• Conduits to OFW borrower Interest: 9% per annum to be paid on maturity of short term loan or amortized with principal in case of 3-5 year loans

Contact Details:

National Livelihood Development Corporation
4th Floor, Hanston Building, F. Ortigas Jr., Road Ortigas Center, Pasig City 1605
Phone: (632) 914.7290 to 97 • (632) 631.2955/57 Fax:     (632)631.2953/54
e-mail: nlsf-info@nlsf.gov.ph
Web: www.nlsf gov ph

• To assist community finance institutions (CFIs) set up windows of financing schemes for the entrepreneurial poor and micro-enterprises entering and participating in eco-enterprise ventures;
• To create CFI models that are community oriented, economically viable and integrate ecological concerns in their operation; and
• To increase the participation of the entrepreneurial poor and micro-enterprises in the Sustainable Waste Management Sector, Coco Coir Sub-Sectors and other Eco-Enterprises through microfinance.

Eligible Borrowers:

• Non-government Organizations (NGOs). People's Organizations (POs), Cooperatives, Federations. Unions, Industry Associations
• Rural Banks and Cooperative Banks

Financial Products and Services:

• Loan (Term Loan, Credit Line) Guarantee
• Developmental Deposit
• Equity/Joint Venture

Terms/Requirements

Amount: Minimum of P500 Thousand; Maximum of P35.0 Million (Maximum of P5.0 Million for first-time borrowers)

Interest Rate:

• For Loans - prevailing 364-day T-Bill Rates + (5 - Project's EEI rating) + 2% SF + RVAT
• For Deposits - prevailing 364-day T-Bill Rates + (5 - Project's EEI rating) + SF

Contact Details:

Foundation for a Sustainable Society, Inc. (FSSI)
Unit E, 46 Samar Avenue corner Eugenio Lopez Street South Triangle, Quezon City
Phone/Fax: (632)928.8671, Mobile: +639209539852
e-mail:  atorres@fssi.com.ph
Web: www.fssi.com.ph, areclusado@fssi.com.ph

• To support the government's efforts to alleviate poverty and attain sustainable economic growth and development in partnership with microfinance institutions (MFIs).
• To hasten the development and growth of MFIs as well as enhance their efficiency and effectiveness as conduits of development funds for micro-enterprise development by providing them direct and convenient access to DBP's credit and technical assistance specially designed to support their investment projects and capacity-building programs.
• To facilitate the access of micro-investment enterprises and the entrepreneurial poor to formal credit and banking services, that include but are not limited to training, market assistance, business consultancy, whenever possible, to hasten their growth and development.

Eligible Borrower-MFIs:

Bank MFIs

• Microfinance Banks - banks organized primarily for and granted a license by the BSP as microfinance banks.
• Microfmance-oriented Banks - banks which diversified into microfinance with 50% or more of their total loan portfolio devoted to microfinance.
• Banks authorized by the BSP to diversify into microfinance which MF loan portfolio has yet to attain the 50% requirement to be considered microfinance-oriented banks, and their existing or proposed principal transaction with the DBP is microfinance.

Non-Bank MFIs

• Non-government organization (NGO) with successful microfinance operations for 3 years or more for all types of MFC loans.
• Non-Government organization (NGO) with successful microfinance operations for a minimum of one (1) year but less than three (3) years for capacity-building loans only.
• Cooperatives - primarily savings and credit cooperatives with successful microfinance operation for a minimum of one year.

Terms/Requirements:

Loan Amount: The loan amount will always depend on the project funding requirements of the MFIs.

Interest Rates:

• Wholesale loans: Market rate
• Business Development loans: Market rate
• Capacity-Building loans: Lower than market rate, but not lower than cost of funds plus 2% administrative cost

Contact Details:

Development Bank of the Philippines
Head Office Sen. Gil J. Puyat Avenue, cor. Makati Avenue. Makati City
Head. Small & Medium Enterprise Department
Phone: 815-1520, 894-4927, 892-5727/2557/2357

Program Description: SEA-K Program is a capability building program of the DSWD and local government units which aims to enhance the socio-economic skills of poor families through the organization of community-based associations for entrepreneurial development.

Program Objectives:

• To enhance the socio-economic skills of poor families through the organization of community-based associations for entrepreneurial development

Program Components:

• Social Preparation - members are given group session modules on self-enhancement, volunteerism, leadership, etc. to build capabilities and confidence towards self-reliance.
• Formation of Groups and Association - involves the organization of 5 to 6 groups with five members per group to form a SEA Kaunlaran Association (SKA). This should have a total of 25-30 members.
• Capital Assistance - each SKA can avail of capital seed fund amounting to a maximum of P150 Thousand (P5.000 per member), which can jumpstart or sustain micro-enterprises. This is non-collateral and non-interest.
• Savings Mobilization - encourages members to save to enable them to extend financial assistance to their members and selected community members.
• Technical Assistance - the DSWD and its partner-agencies provide technical assistance to enrich the organizational and entrepreneurial knowledge and skills of individuals to effectively manage their micro-enterprise and their respective associations.
• Access to Other Social Services - enables members to access other social services, where SKAs and its members are trained on how they can access other services based on the needs through coordination and linkages with non-government organizations, peoples organizations, business groups and civil society.

Eligible Borrowers:

SEA-K is available to disadvantaged individuals who possess the following qualities (only 1 member of the family can be a SEA-K member at any one time):

• Must be 16 years old (with adult supervision) and above
• With monthly income of not more than P7.432.00 for a family of 6 members
• Without access to any formal lending institution
• Must be physically and mentally capable of implementing the micro-enterprise project being proposed
• Must be a resident of present community for the last 6 months, and who intends to stay in his/her community for the next 2 years
• With positive work attitude •    Must have good relations with his/her family and community
• With a good reputation in his/her community
• Must be concerned for the welfare of his/her family and community

Purpose of Loan / Capital Assistance:

• Micro-enterprise project
• Basic shelter and home improvement

Terms and Requirements:

• Loan Amount: Minimum of P5.000 and Maximum of P25.000 per individual member depending on the project being proposed
• Interest Rate: Non-interest loan
• Maturity I Repayment: Within 1-2 year period
• Collateral: Non-collateral loan
• Program Partners / Conduit: City or Municipal Social Welfare Development Office in the different local government units nationwide

Contact Details:
OIC-Livelihood Office
4F, DSWD, Batasan Pambansa Complex
Constitution Hills,  Quezon City
Phone (632) 951.7437
Fax: (632)951.2806
e-mail: livelihood@dswd.gov.ph

• To alleviate poverty among target workers through micro entrepreneurial activity:
• To support employment generation and promote entrepreneurship among workers; and
• To facilitate the access of workers to credit services to finance their livelihood and entrepreneurial activities.

Eligible Sub-Borrowers:

• Displaced workers in the formal, informal, and public sectors;
• Workers with existing micro-enterprise venture needing expansion; and
• Workers with no existing micro-enterprise but:
  • Are willing to engage in such endeavor; and,
  • Have participated in appropriate livelihood/entrepreneurial training.

General Criteria:

• At least one (1) year residency in the area;
• The micro-enterprise should have weekly or daily income;
• Must be 18-65 years old;
• One member per household can apply;
• Not presently employed or has no full-time employment;
• No existing loan with a microfinance institution (MFI)/People's Credit and Finance Corporation (PCFC); and
• Household monthly income of not more than P10,000 or below the poverty threshold.

Eligible Sub-Projects:

• Handicraft and small manufacturing (e.g. rug making, basket making, etc.);
• Services (e.g. tricycle operation, barber/parlor shop, repair shop, etc.)
• Food production/processing (e.g.. meat processing, candy making, bakery, etc.)
• Small agribusiness projects (e.g.. small piggery/poultry, cutflower production) and production loan for non-traditional crops (e.g.. vegetables) but should be supplemented by a business activity which yields a daily income; rice and corn and other traditional crops are excluded; and
• Market vending and small trading (e.g. sari-sari store, fish, vegetables vending)

Terms and Conditions

Loan Amount

• 1st loan - not more than P6.000.00
• 2nd loan to subsequent loans - upon evaluation of the MFIs, based on the previous performance of the sub-borrower
• A gradual increase may be given subject to the needs of the borrower and should be supported by a cash flow statement.
• The maximum loan amount is P150.000 00.

Interest Rate: Shall be based on market rate

Maturity: Shall be based on the sub-projects' cash flow and the sub-borrowers' overall repayment capacity.

Contact Details:

Bureau of Rural Workers
Phone (632) 527.5857 : 404.3336
Telefax: (632)527.5858
e-mail: brwmain@smartbroadband.net.ph
Web:  www.brw.dole.gov.ph