27Nov/08126
Micro-Lending Through Lead Micro Finance Institutions
Program Title: Micro-Lending Through Lead Micro Finance Institutions (MICRO-LEAD)
Eligible Borrowers:
- Large Micro Finance-Oriented Institutions
- Minimum track record in micro-finance: ten (10) years inclusive of prior organizational set-up
- Minimum number of micro-finance clients: 20,000; if wholesaler, 20 conduits
- Minimum manpower in micro-finance operations: 100; if wholesaler, 20
- Minimum asset size of P100.0 Million
- Minimum current ratio of 1:2
- Maximum debt-equity ratio of 70:30 after loan
- Medium Micro Finance-Oriented Institutions
- Minimum track record in micro-finance: 3 years
- Minimum number of micro-finance clients: 3,000; if wholesaler, 10 conduits
- Minimum manpower in micro-finance operations: 20; if wholesaler, 10
- Minimum asset size of P15.0 Million o Minimum current ratio of 1:2
- Maximum debt-equity ratio of 70:30 after loan
Loan Purpose: For re-lending to micro-entrepreneurs. Terms/Requirements:
Amounts:
- Large Micro Finance-Oriented Institutions - Minimum of P15.0 Million;Maximum of P100.0 Million for the 1st year with SB Corporation; double of first year for succeeding years with SB Corp.
- Medium Micro Finance-Oriented Institutions - Minimum of P3.0 Million;Maximum of P50.0 Million for the 1st year with SB Corporation; double of first year for succeeding years with SB Corp.
Loan Availment per Drawdown:
- Large Micro Finance-Oriented Institutions - Minimum of 5% of credit line; Maximum of 20% of credit line
- Medium Micro Finance-Oriented Institutions - Minimum of 5% of credit line; Maximum of 20% of credit line
Interest Rate:
- Large Micro Finance-Oriented Institutions - 2.5% points less than retail lending rate
- Medium Micro Finance-Oriented Institutions - 2.0% points less than retail lending rate
Service Fees:
- Large Micro Finance-Oriented Institutions:
- Evaluation Fee (once a year) - 0.05% of loan amount
- Availment Processing Fee - 0.1% of availment
- Out-of-town Processing Fee - same as retail lending
- Medium Micro Finance-Oriented Institutions:
- Evaluation Fee (once a year) - 0.05% of loan amount
- Availment Processing Fee - 0.1% of availment
- Out-of-town Processing Fee - same as retail lending
Total Effective Rate (excluding out-of-town processing fee):
- Large Micro Finance-Oriented Institutions - 9.15% per annum
- Medium Micro Finance-Oriented Institutions - 9.65% per annum
Contact Details
Ms. Luna C. David, OIC - Finance and Guarantee Sector
Small Business Corporation (Small Business Guarantee and Finance Corporation)
17 & 18 Firs, Antel Corporate Centre,
139 Valero Street Salcedo Village, Makati City
Phone: (02) 751-1888
Fax: (02) 813-5726, 894-1677
Email: ldavid@sbgfc.org.ph
Web: www.sbgfc.org.ph
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