Financing Programs Loans and Financing Programs for Micro, Small and Medium Enterprises

10Jan/09146

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

Comments (146) Trackbacks (0)
  1. Dear Sir/Madam,

    I read your article. I have 10 hectares of coconut trees planted and we have a lot of waste on our coconut copra. May I know how to avail a lecture on coco coir. I am interested and I need financial assistance. Thanks a lot.

    evelyn

  2. Dear sir,

    Greetings!
    It is our desire to ingage in Coco Coir Business in our Barangay, since our main source of income is from Coconut product (copra).We have 40 hectares that had been planted with Coconut trees. We have plenty of waste Coconut husk which could only be burned during copra period, or even thrown it into the river during flooded rainy season,just to clear all waste Coconut husk from the area.The same thing done also to our neighbors who owned a big land in our area.
    In this manner,We would like to ask from your office, a person who can give us more information and technical assistance for making feasibility studies on this matter.
    Thank you for giving this matter with your preferential attention and hoping to receive your favorable reply.

    Best regards,
    doming

  3. hello!

    may i ask what is the demand and supply for coir here in the Philippines?

  4. Mr Lanoy

    I can assist you in the Feasibility Study of your coconut coir business. Please e mail me at dcquitan@yahoo.com or contact me at 09085946641 or 09277922945.

    Thank you.

    Dario Quitan

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