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Coco Coir Business Integration and Development Program (COCOBIND)
Program Title:Coco Coir Business Integration and Development Program (COCOBIND)
Program Objectives:
- To contribute to the creation of business and employment opportunities for the coconut farmers and their families.
- To contribute to the further development of the coco-coir industry in the country.
Eligible Borrowers:
- Non-Government Organizations (NGOs), People's Organizations (POs), Cooperatives, Federations, Unions, Industry Associations
- Private Individual/Single Proprietor
- Private Corporations
Financial Products and Services:
- Loan (Term Loan, Credit Line)
- Guarantee
- Equity/Joint Venture
Terms/Requirements:
Amount: Minimum of P500.000.00; Maximum of P15.0 Million (Maximum of P5.0 Million for first time borrowers)
Interest Rate:
- For NGOs, POs, Coops & Unions - prevailing 364-day Treasury Bill Rates + 2% SF + RVAT
- For Private Social Enterprise - prevailing 364-day Treasury Bill Rates + 4% SF + RVAT
Maturity /Repayment: One to five years maturity in monthly, quarterly, semi-annual, or annual payments.
Security:
- 75% Real Estate Mortgage or
- Chattel Mortgage
- Deed of Assignment
- Joint and Several Suretyship (JSS) Agreement
Contact Details:
Foundation for a Sustainable Society, Inc. (FSSI)
Unit E, 46 Samar Avenue cor. Eugenio Lopez Street,
South Triangle Quezon City
Mr. Ariel Nones
Phone/Fax: (632) 928.8671
Email: fssi@fssi.com.ph
Web: www.fssi.com.ph
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