8Dec/080
Lending Program on Environment
Program Title: DBP Lending Program on Environment
Program Objective: To support investments in projects that contribute to the improvement of the quality of environment through reduction or prevention of pollution.
Eligible Borrowers:
- Private enterprises, at least 70% Filipino-owned Local Government Units (LGUs)
- Government Owned & Controlled Corporations (GOCCs)
- Non-Government Organization (NGOs)
- Participating Financial Institutions (PFIs)
Eligible Projects:
- Industrial pollution prevention/reduction projects
- Cleaner technology investments
- Pollution abatement technologies
- Solid waste management
- Open to controlled dumpsites
- Sanitary landfill
- Materials recovery facilities
- Waste segregation/reduction
- Efficient use of natural resources
- Watershed/Forest management
- Eco-tourism
- Carbon emission reduction/carbon sequestration projects
Loan Purposes:
- Purchase of equipment
- Initial working capital
Terms/Requirements:
Amount:
- For LGUs - up to 90% of total project cost
- For Private Enterprises - up to 80% of total project cost
Interest Rate: Prime Fixed Rate
Maturity / Repayment: Up to 15 years with grace period of up to 3 years
Commitment Fee: 0.25% to 0.50% of undisbursed loan amount
Program Partners: Please inquire with DBP Head Office and Branches forthe requirements and for the list of the DBP-accredited Participating Financial Institutions (PFIs).
Contact Details: Same as the contact details of the DBP Lending Program for Micro, Small and Medium Enterprises.