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

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