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

29Nov/082

Micro-Lending Through Small Micro Finance Institutions and Community Cooperatives

Program Title: Micro-Lending Through Small Micro Finance Institutions and Community Cooperatives (MICRO-LEAP)
Eligible Borrowers: NGOs/People's Organizations/Community Cooperatives

  • Community Cooperatives
    • Minimum track record in micro-finance: one (1) year lending to members
    • Minimum number of micro-finance clients: 20 members lent to
    • Minimum manpower in micro-finance operations: two (2), one of whom may be part-time
    • Minimum asset size of P500.000.00; with net worth of at least P300.000.00
    • Minimum current ratio of 1:2 o Maximum debt-equity ratio of 70:30 after loan
  • Lower Qualification Conduits
    • Minimum track record in micro-finance: one (1) year
    • Minimum number of micro-finance clients: twenty (20)
    • Minimum manpower in micro-finance operations: two (2), one of whom may be part-time
    • Minimum asset size of P300.000.00 (applicable to 20 priority provinces)
    • Minimum current ratio of 1:2 o Maximum debt-equity ratio of 70:30 after loan

Loan Purpose: For re-lending to micro-entrepreneurs.

Terms/Requirements:

Amounts:

  • Community Cooperatives - Minimum of P200.000.00; Maximum of P10.0 Million for the 1st year with SB Corp; Double of first year for succeeding years with SB Corp
  • Lower Qualification Conduits - Minimum of P200.000.00; Maximum of P5.0 Million for the 1st year with SB Corporation; Double of first year for succeeding years with SB Corp.

Loan Availment per Drawdown:

  • Community Cooperatives - Minimum of P100,000.00; Maximum of P2.0 or 20%, whichever is higher
  • Lower Qualification Conduits - Minimum of P100.000.00; Maximum of P1.0 or 20%, whichever is higher

Interest Rate:

  • Community Cooperatives - 1.5% points less than retail lending rate
  • Lower Qualification Conduits - 0.5% point less than retail lending rate

Service Fees:

  • Community Cooperatives:
    • Evaluation Fee (once a year) - 0.2% of loan amount but not less than P3.000.00
    • Availment Processing Fee - 0.5% of availment but not less than P1,000.00
    • Out-of-town Processing Fee - same as retail lending
  • Lower Qualification Conduits:
    • Evaluation Fee (once a year) - 0.5% of loan amount but not less than P3,000.00
    • Availment Processing Fee - 0.5% of availment but not less than P1,000.00
    • Out-of-town Processing Fee - same as retail lending

Total Effective Rate (excluding out-of-town processing fee):

  • Community Cooperatives - 10.7% p.a.
  • Lower Qualification Conduits - 12.0% p.a.

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

Comments (2) Trackbacks (0)
  1. Ako ay se Emmanuel Rolly A Galicio, nakatera sa 39 Ilaya St. Barangka Mandaluyong City, ako po ay 43years old Nagtratrabahu sa San Miguel Corp,

    Gusto ko sana maka avail sa inyo ng loan, for additional fund para sa dalawa kong tendahan, Business adrrss ko po ay sa Laong Northern Samar, Capital of caterman, my store was run by my Wife Miguel Enero Galicio, kong papanu at kong ano ang maitotolong nyo sa akin para maging business partner ko kayo sa darating na panahon, Office phone# 826-5542 to 45 cell# 09282485562.

    maraming salamat at sana maging partner tayo sa nigusyo ng mahabang panahan, god bless..

  2. gud p.m po ask ko lng po kung paano po mag loan ng business loan,ang aking po negisyo ay abaka fiber po,sana po ay matulungan ninyo po ako Contact no#09276680803 email@crrn_ronald@yahoo.com


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