General Objectives

To support government efforts to alleviate poverty by empowering the marginalized sector towards economic growth.

Specific Objectives

1. To expand the Bank’s outreach to the poor who do not have access to formal financing system;
2. To promote the active participation of MFIs in the credit delivery system;
3. To promote savings mobilization of poor households; and I
4. To strengthen partner-MFIs in their microfinance operations and help deliver capability building support to micro-enterprises.

Mode of Delivery

Landbank shall provide funds to the following MFI-Retailers which, in turn, lend the same to microfinance sub-borrowers:

1. Cooperatives (Co-ops)
2. Countryside Financial Institutions (CFIs)
3. Non-Government Organizations (NGOs)

Eligibility Requirements

1. Passed the Risk Asset Acceptance Criteria (RAAC) of the Bank;
2. New MFIs and other MFIs without existing credit line/loan with PCFC or existing MFI clients of PCFC whose credit requirement is in excess of P100 Million;
3. Duly registered with CDA in case of co-ops; BSP and SEC in case of CFIs, and SEC in case of NGOs;
4. With at least three (3) consecutive years experience in lending, including one (1) year (most recent) on microfinance operations;
5. With audited financial statements (FS) for the last three (3) years (audit conducted by a reputable external auditor);
6. With capacity to engage in microfinance, as evidenced by the following:

• a. Functioning MIS/loan tracking system (will allow regular monitoring of microfinance operations as evidenced by timely generation of basic financial, loans tracking, and aging reports using Portfolio at Risk [PAR]);
• b. With savings mobilization program and microfinance guidelines/operations manual in place;
• c. With microfinance business plan for at least three (3) years as approved by its Board of Directors;
• d. At least two (2) members of its Board of Directors (BODs)/officers with one (1) year experience in microfinance and/or intensive training on microfinance (minimum of 7 days training) in accredited/reputable training institution/s;
• e. With a separate unit to handle microfinance operations;
• f. At least three (3) full-time and trained microfinance officers/staff (minimum of 5 days microfinance training in accredited/ reputable training institutions); and,
• g. With a continuing staff development/training program on microfinance.

Program Features

a. Credit Facility Available

1. Short Term Loan:  Working Capital and Rediscounting
2. Term Loan

Basic Lending Policies

1. Loan Purpose

• a. Working Capital
• b. Rediscounting

2. Term of loan

• a. Short Term Loan – One-year credit line
• b. Term Loan – Five (5) years

3. Availability

• a. Short Term Loan – Up to 360 days PNs
• b. Term Loan – Maximum of 3 tranches, but to be availed within one (1) year from the date of signing of loan agreement.
• c. Maximum Loanable Amount
  • For Co-ops – up to 6 times of its networth
  • For CFIs – not to exceed its Allowable Expansion in Risk Assets (AERA)
  • For NGOs – should be equal to the requirement of borrowers but not to exceed twice its existing loanable funds (exclusive of borrowings)
• d. Rediscounting Rate – Up to 85% of the current outstanding balance of the PNs rediscounted
• e. Interest Rate – Prevailing interest rate at the time of availment

Collateral Requirement

a. For Short Term Loan

• Working Capital – R£M or Hold-out on deposit, and/or government securities
• Rediscounting – Assignment of sub-PNs, and sub-borrowers’ underlying collaterals, guarantee cover, JSS of principals, Post Dated Checks (PDCs)

b. Term Loan – RBM or Hold-out on deposit, and/or government securities

Basic Documentary Requirements

1. Certified true copy of the certificate of registration with: CDA, in case of co-ops; BSP and SEC, in case of CFIs; and SEC, in case of NGOs;
2. Certified true copy of Articles of Cooperation (for Coops), and Articles of Incorporation for CFIs and NGOs;
3. Information Sheet of the Board of Directors and Officers;
4. Board Resolution authorizing the MFI to borrow, and designating at least two (2) officers to negotiate loan with LBP and sign loan documents with their specimen signature and pictures, and
5. Audited FS for the last 3 years plus latest interim FS at the time of application.

For more information and/or assistance, please visit or call the nearest LBP Lending Centers or

Program Management Department
28th Floor, Landbank Plaza
1598 M.H. del Pilar cor. Dr. Quintos Sts., Malate, Manila
Tel Nos. (02) 522-0000, 551-2200, 405-7001 Locals: 2783 or 7427

The AFMP is one of the lending programs under the Agro-industry Modernization Credit and Financing Program (AMCFP) – the government’s umbrella financing program for agriculture and fisheries.

Program Objective

To improve the incomes of small farm and fishing households through improved access to financial services that can help enable them to diversify income sources and/or improve the profitability of their main agricultural or fishing activities.

Program Scheme

Under the AFMP, the DA renders technical advice as to the appropriate technologies and production costs and returns of farm/fishing activities to be given assistance by the Program.

The Land Bank of the Philippines (LBP) provides portfolio re-discounting, working capital and term loans to qualified borrower organizations/institutions. Borrower organizations/institutions may be (a) organizations with farmer/fisherfolk members that will utilize the credit funds to finance value chain activities of small farmers/fisherfolks or (b) credit retailers that will extend agri-fishery microfinance loans to small farming/ fishing households.

The ACPC reviews, approves and conducts validation of loans charged against the DA-ACPC Agri Micro Fun

Program Features

A. Borrower Organizations / Institutions

1. Eligible Organizations/Institutions

• 1.1 Bank Accredited Cooperatives (BACs) and other Accredited Conduits of LBP {Type 1). These are institutions that are currently accredited with Land Bank and have passed the Risk Asset Acceptance Criteria (RAAC) for microfinance.
• 1.2 BACs and other Accredited Conduits that have yet to pass the RAAC {Type 2). These are institutions that are currently accredited with Land Bank but have yet tp pass the RAAC for microfinance.
• 1.3 Non-BACs/Potential Newly Accessing Cooperatives (PNAC) and other Organizations {Type 3). These institutions are not accredited with Land Bank but are considered critical in the delivery of financial services in the agri-fisheries sector.

2. Types of Financing Facilities

• 2.1 Portfolio Rediscounting. Through a credit line provided by Land Bank, the borrower organization/institution can lend to individual borrowers whose promissory notes (PNs) are endorsed to Land Bank for 100% rediscounting.
• 2.2 Working Capital Loan. A short term loan to cover the operational and management expenses of an income-generating project proposed by a borrower organization/institution.
• 2.3 Term Loan. A loan with a longer period of repayment schedule to enable the borrower organization/institution to expand its project’s operational capacities and to increase its profits over a definite period of time.

* For Types 1 and 2 organizations/institutions, the additional loan to be extended shall be on top of existing approved lines provided that such borrower organization/institution does not exceed the absorptive capacity limits set by Land Bank.

3. Financing terms

3.1 Credit Limits

• Type 1 organizations/institutions : Regular Land Bank limits shall apply
• Type 2 organizations/institutions : Regular Land Bank limits shall apply
• Type 3 organizations/institutions : Up to 85:15 debt to equity ratio but not to exceed P10.0 Million

3.2 Interest Rate

• The applicable interest rate for all types of borrower organization/ institution shall be based on the prevailing interest rates of Land Bank.

3.3 Loan Maturity

• Portfolio Rediscounting : Up to 180 days
• Working Capital Loan : Up to 360 days
• Term Loan : Up to 3 years

3.4 Security/Collateral

• Assignment of sub-borrower Promissory Notes including underlying collaterals
• Other securities as may be required by Land Bank

3.5 Mode of Payment

• Portfolio Rediscounting:  Principal and interest payable upon PN maturity
• Working Capital Loan :  Upon PN maturity but with interest paid monthly or quarterly
• Term Loan : Amortized quarterly on principal Interest (with grace period on rincipal of 6 months)

B. Sub-Borrowers

1.  Eligible Sub-borrowers

• Eligible sub-borrowers are the spouses, household heads or adult working members of small farming/fishing households. Only one member per household is allowed to borrow at a time.

2. Loan Facilities

• 2.1 Microfinancing Micro loans to support any or a combination of farm, off-farm/ non-farm activities.
• 2.2 Value Chain Financing Loans to finance any of the value chain activities (production, processing and marketing) with direct forward or backward link with small farmers/fisherfolk.

3. Financing Term

3.1 Credit Limits

• Microfinancing Facility: The amount of sub-loan shall be com-^puted based on the assessed repayment capacity of the household’s cash flow but not to exceed Php 50,000
• Value Chain Financing: Amount shall not exceed Php 100,000

3.2 Interest Rate

• The applicable interest rate for sub-borrowers shall be based on * the prevailing interest rates’of the chosen conduit organizations/ institutions.

3.3 Loan Maturity and Mode of Payment

• Microfinancing: Not to exceed one year and the amortization schedule shall be based on the household’s cashflow. At least 30% of the loan should be amortized, frequency of which shall be at the shortest interval possible, but should not be longer than monthly.
• Value Chain Financing: Loan maturity shall be based on the sub-borrower’s capacity to pay but not to exceed one year.

3.4 Security/Collateral

• The chosen conduit organization/institution may require securities on the sub-loans as it may deem necessary. These may include deed of assignment of personal assets (e.g. equipment, vehicles, etc) or issuance of post-dated checks.

For more information, please contact:

DA – Agricultural Credit Policy Council
28/F One San Miguel Bldg., San Miguel Ave.
Ortigas Center, Pasig City
Tel: (02) 636-3392, 634-3320/21/26

Land Bank of The Philippines
Land Bank Plaza 1898 M. H. Del Pilar
cor. Dr. J. Quintos Sts., Malate, Manila
Tel: (02) 522-000, 550-2200, 450-7001

The AMP was established by virtue of ACPC Resolution No. 2, Series of 2009 as one of the programs under the Agro-industry Modernization Credit and Financing Program (AMCFP) – the government’s umbrella credit program for agriculture and fisheries.

Program Objectives

The program aims to reduce poverty and improve the quality of life of marginalized farmers and fisherfolk by financing agricultural projects and activities that will increase their productivity and incomes.

Program Scheme

Under the AMP, PCFC administers the provision of credit to eligible borrowing organizations. For PCFC-accredited banks and MFIs (Type 1 organizations/ institutions), PCFC processes, evaluates and approves the loan application. For non-bank MFIs that pass the accreditation criteria of PCFC for Type 2 organizations/ institutions, the ACPC-PCFC Program Management Committee reviews the loan application for endorsement to PCFC’s approving authority.

Loans charged against the AMP Fund are subject to review, approval and validation by ACPC.

The borrower-organizations either-extend (i) agri-fishery microfinance loans to eligible borrowers; and/or (ii) loans for value-adding and marketing activities of eligible small farmers and fisherfolk groups/organizations.

Program Feature

A. Borrower Organizations/Institutions

1. Eligible Organizations/Institutions

1.1. Microfinance institutions (MFIs) such as cooperative/ rural banks, cooperatives, non-government organizations (NGOs) and other people’s organizations that pass credit evaluation of PCFC (Type i).

1.2. Non-bank MFIs that meet the following minimum criteria (Type 2):

• Duly registered with the Securities and Exchange Commission (SEC) and/or the Cooperative Development Authority (CDA);
• Presence of accounting and internal control systems;
• No adverse findings; no past due loans and derogatory records on key officers based on the results of credit & background investigation;
• Presence of full-time manager, cashier and bookkeeper;
• At least 1 year lending experience; ;
• At least P500.000 net worth;
• Profitable for the current year;
• Not more than 20% Portfolio at Risk (PAR);
• At least 300 existing borrowers;
• At least P3 million in resources.

2. Types of Financing Facilities

• 2.1. Agri-Fishery Microfinancing. Credit funds for re-lending to eligible sub-borrowers to finance their income generating agri and agri-related activities.
• 2.2. Value Chain Financing. Credit funds intended to finance value chain activities and  acquisition  of assets for post production.

3. Financing Terms
3.1. Credit Limits

• Depends on the MFI’s absorptive capacity, work plan, and target areas to be covered, number of outreach, estimated credit needs and target portfolio.
• Type 1 organizations/institutions: Up to a maximum of P10 million per MFI.
• Type 2 oranizations/institutions: Up to a maximum of P5 million per MFI.

3.2. Interest Rate

• 10% – 12% per annum for all types of organizations/ institutions.

3.3. Loan Maturity

• Type  1   organizations/institutions: Maximum of 4 years.
• Type 2 organizations/institutions: Agri-Fishery microfinancing: Maximum of 2 years. Value-Chain microfinancing: Maximum of 3 years.

3.4. Mode of Payment

Type 1 organizations/institutions – Principal and interest : Quarterly

Type 2 organizations/institutions:

• Agri-Fishery microfinancing:
  • Principal : Semi-annual
  • Interest : Quarterly

• Value-Chain microfinancing:
  • Principal : Based on the cashflow of the project .
  • Interest : Quarterly

3.5. Security

Assiqnment of sub-borrowers’ Promissory Notes and other underlying collaterals/guarantee cover.

B. Sub-Borrowers

1. Eligible Borrowers

1.1 Agri-Fishery Microfinancing
Household heads, spouses or adult working members of small farming/ fishing households. Only one member per household is qualified to borrow at a single time under the project.

1.2 Value Chain Financing Facility
Microfinance groups/organizations with or without juridical personality that meet the following criteria:

• Composed of at least five (5) members;
• Engaged in any post production/agri-enterprise/ agribusiness/project;

2. Loan Facilities

2.1 Agri-Fishery Microfinancing
Loans shall be used to support any or a combination of farm, off-farm/non-farm income generating activities.

2.2 Value Chain Financing Facility
Loans shall be used for any of.tbe following purposes:

• Working capital; and
• Acquisition of assests for agri/fishery product marketing or inputs trading.

3. Financing Terms

3.1. Credit Limits

• Agri-Fishery Microfinancing: Up to a maximum of P50.000 per sub-borrower.
• Value-Chain Microfinancing: Up to a maximum of P1 million per sub-borrower group/organization but not to exceed P150,000 per member, whichever is higher.

3.2. Interest Rate

The applicable interest rate shall be based on the prevailing interest rates of the conduit organizations/institutions.

3.3. Loan Maturity and Mode of Payment

• Agri-Fishery Microfinancing: Maximum of one (1) year. The amortization schedule shall be based on the household’s cashflow. At least 20% of the loan should be amortized either weekly or monthly and the remaining balance to be paid upon loan maturity.
• Value Chain Financing: The loan shall be payable based on the cash flow of the business but not to exceed three (3) years.

3.4. Security

Any or a combination of the following:

• Deed of assignment of acquired assets (i.e. equipment, vehicles, etc.)
• Joint and Several Signatures;
• Issuance of post-dated checks;
• Marketing Agreement (If applicable); and/or
• Any other acceptable form of collateral/security.

For more information, please contact:

DA – Agricultural Credit Policy Council
28/F One San Miguel Bldg., San Miguel Ave.
Ortigas Center, Pasig City
Tel: (02) 636-3392, 634-3320/21/26

People’s Credit and Finance Corp.
2/F Accelerendo Bldg., 395 Sen. Gil Puyat Ave.
Makati City

The FFP is one of the lending programs under the Agro-Industry Modernization Credit and Financing Program (AMCFP) – the government’s umbrella financing program for agriculture and fisheries.

Program Objectives

To develop and implement innovative credit modalities applicable to the different production and value adding technologies of the fisheries industry and its stakeholders.

To identify and tap potential conduits that are familiar with , the fisheries industry.

Program Scheme

Through the FFP, Land Bank implements the provision of credit to eligible borrower organizations/institutions. The ACPC reviews, approves and validates loan releases charged against the FFP Fund. Funds from the program are used by borrower organizations/ institutions to finance value chain activities of small fisheries stakeholders or to extend microfinance loans to small fishing households. The BFAR, on the other hand, provides technical and marketing assistance Jo the program beneficiaries. The program’s implementation is also monitored and evaluated by the Acpc.

Program Features

A. Borrower Organizations/Institutions

1. Eligible Organizations/Institutions

Organizations/institutions that are potential conduits but not yet accredited with Land Bank. These institutions are considered critical in the delivery of financial services in the fisheries sector.

2. Types of  Financing Facilities

• 2.1. Portfolio Rediscounting. Through a credit line provided by Land Bank, the borrower organization/institution can lend to individual borrowers whose promissory notes (PNs) are endorsed to Land Bank for 100% rediscounting.
• 2.2. Working Capital Loan. A short-term loan to cover the operational and manage-ment expenses of an income-generating project proposed by a borrower organization/institution.
• 2.3. Term Loan. A loan with a longer period of repayment schedule to enable the borrower organization/institution to expand its project’s operational capacities and to increase its profits over a definite period of time.

3. Financing Terms

• 3.1. Credit Limits. Up to 85:15 debt to equity ratio but not to exceed P10.0 Million
• 3.2. Interest Rate. The applicable interest rate for all types of borrower organization/institution shall be based on the prevailing interest rates of Land Bank.
• 3.3. Loan Maturity:
  • Portfolio Rediscounting : Up to 180-days
  • Working Capital Loan : Up to 360 days
  • Term loan : Up to 3 Years
• 3.4. Security/Collateral. Assignment of sub-borrower promissory notes including underlying collaterals.

B. Sub-Borrowers

1. Eligible Sub-Borrowers

Eligible sub-borrowers are the household heads, spouses, or adult working members of small fishing households. Only one member per household is allowed to borrow at a single time.

2. Types of Financing Facilities

• 2.1. Microfinancing. Loans for fishery and fishery-related activities, microenter-prises, and other livelihood projects of small fishing households.
• 2.2. Value Chain Financing. Loans to -finance any of the value chain activities (production, processing and marketing) with direct forward or backward link with small fisherfolk

3. Financing Terms

3.1. Credit Limits

• Microfinancing:   The sub-loan amount shall depend on the repayment capacity of the sub-borrower based on his household’s cash flow but not to exceed Php 50,000 per borrower.
• Value Chain Financing: The limit per sub-borrower is Php100,000.

3.2. Interest Rate

The applicable interest rate for sub-borrowers shall be based on the prevailing interest rates of the conduit organizations/institutions.

3.3. Loan Maturity and Mode of Payment

• Microfinancing: Not to exceed one year and the amortization schedule shall be based on the household’s cashflow. At least 30% of the loan should be amortized, frequency of which shall be at the shortest interval possible,  but should not be longer than monthly.
• Value Chain Financing: Loan maturity shall be based on the borrower’s repayment capacity but not to exceed a term of one year.

3.4. Security/Collateral

The chosen conduit organization/institution may impose securities on the sub-loans as they may deem necessary such as deed of assignment of personal assets (e.g. equipment, vehicles, etc) or issuance of post-dated checks.

For more information, please contact:

DA – Agricultural Credit Policy Council
28/F One San Miguel Bldg., San Miguel Ave.
Ortigas Center, Pasig City
Tel: (02) 636-3392, 634-3320/21/26

Land Bank of The Philippines
Land Bank Plaza 1898 M. H. Del Pilar
cor. Dr. J. Quintos Sts., Malate, Manila
Tel: (02) 522-000, 550-2200, 450-7001

BFAR – Industry Dev. and Support Division
2/F PCA Annex Bldg., Commonwealth Ave.
Diliman, Quezon City
Tel: (02) 929-9741, 474-4188

Micro-enterprise Access to Banking Services, 18 to 60 yrs old, P3,000 to P500,000, 25% Interest rate, Maturity of 2 months to 2 yrs, Payable daily, weekly, bi-monthly, monthly, quarterly

Collateral / Security:

• REM
• Chattel
• Co-makers

Requirements:

• Community Tax Certificate
• 2pcs. 2×2 picture
• Barangay Clearance
• Proof of Billing
• Two (2) valid IDs

Contact:

Exequiel M. Avengoza, General Manager
#19 to 21 Pedcor bldg., Zamora Street, Naga City, Camarines Sur
Phone: (054) 473-6378
Fax #: (054) 811-6459
Email: coopbankcamsur@yahoo.com

Agricultural Loan, Commercial, Industrial, Salary, Microfinance, 18 to 70 yrs old, P3,000 to P150,000, based on the project and ability to pay, 24% per annum for Microfinance, 28% per annum for Micro-Agri, maturity of 6 months, 1 yr up to 2 yrs at the most, payable weekly, monthly, bi-monthly upon maturity, depends if the borrower is already capable of paying

Collateral / Security:

• Promissory Notes and Collaterals (hard)
• Chattel Mortgage

Requirements:

• Must have at least 2 yrs residency in the area;
• Must have Good Moral and Social records in their community;
• Must have willingness to join and become a co-maker in the group
• Documents: Barangay Clearance; Co-makers; Ownership of Land or Agreement to till the Land (for Micro-Agri), Promissory Note

Contact:

Carmelita B. Bilaoen, President and Ceo
Barangay 5, San Francisco, Agusan del Sur
Phone: (085) 343-8529
Fax #: (085) 839-1445
Email: Pbc1024@yahoo.com; eabpbc@yahoo.com

Program Objectives:

• To improve access to better educational facilities by providing long-term financial assistance to private educational institutions through the SSS accredited conduit banks / participating financial institutions (PFIs);
• To enhance the country’s economic productivity thru the development of a larger pool of professionals and skilled workers to support the country’s industrial and agricultural expansion; and
• To complement the government’s aim to achieve a better distribution of educational institutions nationwide.

Eligible Borrowers: New or existing private educational institutions in the elementary, secondary, or collegiate/university level which are duly licensed by the Department of Education (DepEd) or the Commission on Higher Education (CHED), may borrow under the program and the borrowing institution must:

• Be at least 60% Filipino-owned;
• Have a proven track record of profitability;
• Maintain a debt-to-equity ratio of 75:25 after financing;
• Be an SSS member-employer of good standing; and,
• Not have defaulted in the payment of any loan obligations or securities.

Loan Purposes:

• Construction of new school buildings including gymnasium, library and other facilities related to school’s operations (sports complex, multi-purpose hall, covered court, track and field, etc.);
• Completion or improvement of existing school buildings; Acquisition or repair/upgrading of school equipment and machinery;
• Repair and reconstruction of school buildings damaged by recent calamities; and
• Acquisition of land.

Terms/Requirements:

Amount: The maximum loanable amount shall be 75% of the total project cost but not to exceed P150.0 Million for primary and secondary schools, P250.0 Million for colleges, and P350.0 Million for universities.

For land acquisition, the loanable amount is up to 40% of its cost but not to exceed 40% of SSS loan.

Interest Rates : Subject to review every five years

Maturity / Repayment: The loan is payable within ten (10) years including a grace period of three (3) years on the principal. The principal balance will be amortized monthly, quarterly or semi-annually together with the interest based on the cash flow projections.

Security: Preferably by a Real Estate Mortgage on the borrower’s property or any collateral acceptable to the PFIs.

Contact Details:

Social Security System (SSS)
Institutional Loans Department (ILD)
SSS Building, East Avenue, Diliman, Quezon City
Phone: (02) 927.8249, 920-6401 locals 5115 or 5118
Email: marquezls@sss.gov.ph

Program Objectives:

• To facilitate the establishment of and to help maintain hospitals and related institutions “for the sick, aged and infirm members and their families” by making funds available through the SSS accredited conduit banks / participating financial institutions (PFIs);
• To improve hospital care delivery to the general population and to SSS members and their dependents by making adequate hospital care accessible and affordable to low-income employees; and,
• To support the national government’s program of attaining a much better distribution of hospital facilities throughout the country that will be more responsive to the needs of particular localities and their inhabitants.

Eligible Borrowers: All categories of hospitals licensed by the Department of Health (DOH), either primary, secondary, or tertiary may borrow under the loan program and must:

• Be at least 60% Filipino-owned;
• Have a proven track record of profitability;
• Maintain a debt-to-equity ratio of 75:25 after financing;
• Be an SSS member-employer of good standing; and,
• Not have defaulted in the payment of any loan obligations or securities.

Loan Purposes:

• Construction of new hospital buildings and institutions for the sick, aged, and infirm individuals;
• Completion or improvement of existing hospital buildings;
• Acquisition or repair/upgrading of hospital equipment and machinery;
• Repair and reconstruction of hospital buildings damaged by recent calamities;
• Construction, expansion and improvement of doctors’ clinics as part of the hospital building complex; and
• Acquisition of land.

Terms/Requirements:

Amount:

• Maximum amount shall be 75% of the project cost but not to exceed P150.0 Million for primary and secondary hospitals and P350.0 Million for tertiary hospitals.
• For repair and construction projects in declared calamity areas, the maximum amount shall be 100% of the project cost but not to exceed P150.0 Million for primary and secondary hospitals and P350.0 Million for tertiary hospitals.For doctors’ clinics, the loanable amount is equivalent to 50% of the project cost, but not to exceed P150.0 Million.
• For land acquisition, the loanable amount is up to 40% of its cost but not to exceed 40% of SSS loan.

Interest Rates : Subject to review every five years

Maturity /Repayment: Payable within ten (10) years, including a grace period of three (3) years on the principal. Principal balance will be amortized monthly, quarterly, and semi-annually together with the interest based on the cash flow projections.

Security: Preferably by a Real Estate Mortgage on the borrower’s property or any collateral acceptable to the PFIs.

Contact Details:

Social Security System (SSS)
Institutional Loans Department (ILD)
SSS Building, East Avenue, Diliman, Quezon City
Phone: (02) 927.8249, 920-6401 locals 5115 or 5118
Email: marquezls@sss.gov.phph

Program Objectives:

• To contribute to the development of vocational and technical skills necessary to increase the overall productivity in the economy, thus help in accelerating the economic and social development of the country;
• To improve access of the general population and in particular, SSS members and their dependents, to better educational facilities by providing long-term financial assistance to private vocational and technical schools through the SSS accredited conduit banks / participating financial institutions (PFIs); and
• To create awareness and appreciation of the demand and potential earning capabilities of vocational and technical skills.

Eligible Borrowers:

• New or existing private vocational and technical schools duly licensed by an authorized agency such as the Department of Education (DepEd), Technical Education and Skills Development Authority (TESDA), and Commission on Higher Education (CHED);
• At least 60% Filipino-owned;
• Have a proven track record of profitability;
• Have a debt-to-equity ratio of not more than 75:25 after financing;
• An SSS member-employer of good standing; and,
• Not have defaulted in the payment of any loan obligations or securities.

Loan Purposes:

• Construction of new school buildings;
• Completion or improvement of existing school buildings;
• Acquisition or repair/upgrading of school equipment and facilities;
• Repair and reconstruction of school buildings damaged by recent calamities; and
• Acquisition of land.

Terms/Requirements:

Amount:

• Maximum of 80% of the total project cost, but not to exceed P75.0 Million;
• For repair and reconstruction projects in declared calamity areas, 100% of the project cost, but not to exceed P75.0 Million.
• For land acquisition, the loanable amount is up to 40% of its cost but not to exceed 40% of SSS loan.

Interest Rates : Subject to review every five years

Maturity / Repayment: Ten (10) years, in equal monthly, quarterly or semi-annual payments, including a grace period of three (3) years on principal payment.

Security: Preferably by a Real Estate Mortgage on the borrower’s property or any collateral acceptable to the PFIs.

Contact Details:

Social Security System (SSS)
Institutional Loans Department (ILD)
SSS Building, East Avenue, Diliman, Quezon City
Phone: (02) 927.8249, 920-6401 locals 5115 or 5118
Email: marquezls@sss.gov.ph

Program Objectives:

• To provide long-term financing to SSS members engaged in tourism projects through the SSS accredited conduit banks / participating financial institutions (PFIs) as a means of spurring economic growth and regional development;
• To contribute to the government’s program of generating more employment opportunities especially in the countryside; and
• To contribute to the country’s foreign exchange earnings.

Eligible Borrowers:

• New or Existing enterprises engaged in tourism business;
• At least 60% Filipino-owned;
• Must have a track record, experience and training on the project being proposed;
• Must have debt-to-equity ratio of not more than 75:25 before and after financing; and
• Must be an SSS member of good standing

Loan Purposes:

• Site development;
• Enhancement of existing facilities;
• Construction of building e.g. resort cottages;
• Acquisition of machinery and equipment, furniture, furnishings and fixtures; and
• Acquisition of land.

Terms/Requirements:

Amount: Depends on the requirements of the project/business but not to exceed P150.0 million.
For land acquisition, the loanable amount is up to 40% of its cost but not to exceed 40% of SSS loan.

Interest Rates : Subject to review every five years

Maturity / Repayment Maximum of ten (10) years, in equal monthly, quarterly or semi-annual payments, including a grace period on the repayment of principal of not more than three (3) years.

Security: Real Estate/Chattel Mortgage and other collaterals acceptable to the PFIs.

Contact Details:

Social Security System (SSS)
Institutional Loans Department (ILD)
SSS Building, East Avenue, Diliman, Quezon City
Phone: (02) 927.8249, 920-6401 locals 5115 or 5118
Email: marquezls@sss.gov.phh