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

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