Microfinance Eco-Enterprise Program
Program Title: Microfinance Eco-Enterprise Program (MEEP)
Program Objectives:
- To assist community finance institutions (CFIs) set up windows of financing schemes for the entrepreneurial poor and micro-enterprises entering and participating in eco-enterprise ventures;
- To create CFI models that are community oriented, economically viable and integrate ecological concerns in their operation; and
- To increase the participation of the entrepreneurial poor and micro-enterprises in the Sustainable Waste Management Sector, Coco Coir Sub-Sectors and other Eco-Enterprises through microfinance.
Eligible Borrowers: Non-Government Organizations (NGOs), Cooperatives, Federations, Unions, Community Financial Institutions such as micro-finance oriented banks
Financial Products and Services:
- Loan (Term Loan, Credit Line) Developmental Deposit
- Guarantee
- Equity/Joint Venture
Terms/Requirements:
Amount: Minimum of P500.000.00; Maximum of P15.0 Million.
Interest Rate For Loan:
- For NGOs, Cooperatives & Unions, Banks, Cooperative Banks – prevailing 364-day Treasury Bill Rates + 2% SF + RVAT
- For Private Social Enterprise – prevailing 365-day Treasury Bill Rates + 4% SF + RVAT
Interest Rate For Deposit:
- For NGOs, Cooperatives & Unions, Banks, Cooperative Banks and Private Social Enterprise – Above Inflation Rate, net of tax
Maturity / Repayment:
- For loan – one (1) to five (5) years maturity in monthly, quarterly, semi-annual, or annual payments
- For Deposit – annual maturity; monthly or semi-annual payments
Security: (For loan)
- 75% Real Estate Mortgage
- Chattel Mortgage
- Deed of Assignment, and
- Joint and Several Suretyship (JSS) Agreement
Contact Details:
Foundation for a Sustainable Society, Inc. (FSSI)
Unit E, 46 Samar Avenue corner Eugenio Lopez Street
South Triangle, Quezon City
Ms. Ann Marie Torres
Senior Program Officer
Phone/Fax: (02) 928.8671 local 24
E-mail: atorres@fssi.com.ph
Web: www.fssi.com.ph
Sep 6th, 2009 at 3:46 pm
any gov. agency can help us or give us an idea to finance our project in housing … one of my relative own a 2500 sqm. lot and its vacant as of this time now we are planing to buy this property to sub divide it and build our own house in this area … we are compose of 20 pilipino who are planing to buy and have this property and we are willing to settle the terms of payment in 2 to 5 years to some gov. agency who finance our project.. small comunity housing …. hope any one here can give us an idea how we canget the suficient fund to build this small comunity dream possible. this project is costing around 2 million pesos only to buy the property and sub divide it and documentation needed. your not just helping us but it also helping pilipinos home less to have their own property. more power to all goverment agency in the philippines…
CONTACT INFO: 09187981011 OR email@ buz_man_6900@yahoo.com
Nov 1st, 2009 at 9:02 pm
If you want to start a business or having an existing business and you want to avail a loan. The following documents must be prepared:
* Project Feasibility Study of the proposed business or exisitng business
* Business Name, Business Permits (Mayor, Brgy, BIR, etc)
* Collateral(Real Estate)
– Title
– Tax Declaration
– Tax Reciepts
– Tax Clearance
– Location Map, Boundary Survey
* Market Contract
* Letter of Intent
I am engaged in consultancy services and I can assist you in facilitating the requirements of your loan
You can contact me at 09085946641/09277922945 Dario Quitan
or email me at dcquitan@yahoo.com