Microfinance Program – PCFC
Program Title: People's Credit and Finance Corporation (PCFC) Microfinance Program
Program Objective: To provide the poor with access to livelihood credit and other microfinance services through accredited partner microfinance institutions (MFIs).
Eligible Borrowers / Sub-Borrowers:
- Borrowers (Accredited MFIs) - Non-Government Organizations (NGOs), Cooperatives, Rural and Cooperative Banks, Thrift Banks duly organized, with either a track record of lending operations or with proven capabilities in implementing microfinance programs that can augment the income of targeted poor clients.
- Sub-borrowers - Households below the poverty threshold level as defined by the National Economic Development Authority (NEDA) and as identified by the Government's Social Reform Agenda through the National Anti-Poverty Commission (NAPC).
Loan Purposes:
- Borrowers/MFIs
- Investment Credit - a revolving credit line for relending to sub-borrowers to finance their livelihood projects.
- Institutional Credit - for capability building activities of MFIs.
- Sub-Borrowers - working capital for income generating activities (livelihood).
Terms/Requirements:
Amount:
- Borrowers/MFIs - Based on evaluation/credit needs.
- Sub-Borrowers in Groups or Centers or Individuals - Up to a maximum of P150.000.00 depending on sub-borrowers' requirements and cash flows.
Interest Rate:
- Borrowers/MFIs
- Investment Credit: 12% per annum + 1% service charge
- Institutional Credit: 3% per annum + 1% service charge
- Sub-Borrowers - Subject to guidelines of the MFI Borrowers.
Maturity / Repayment
a. Borrowers/MFIs
- Investment Credit (per drawdown):
- Institutional Credit: Short 2 yrs, Medium: 3 yrs, Long: 4-7 yrs
b. Sub-Borrowers - Six months to One year term; normally payable weekly or as per policy of the MFI.
Security
a. Borrowers/MFIs
- Investment Credit: Deed of Assignment of Promissory Notes (PNs) of Sub-Borrower - clients and underlying collaterals, if any.
- Institutional Credit: Mortgage of assets to be acquired from loan proceeds, if any.
b. Sub-Borrowers - Essentially no collateral.
Program Partners or MFIs: Please inquire from the following PCFC officials.
Contact Details:
People's Credit and Finance Corporation (PCFC)
Accelerando Building, 395 Sen. Gil J. Puyat Avenue, Makati City
Fax: (02) 325-0448
Email: info@pcfc.ph
Web: www.pcfc.gov.ph
Regions 1, 2, and CAR: Mr. Dennis A. Monong, AVP-AMGI, (02) 752-3745
Regions 3 and 5: Mr. Ariel M. Tatlonghari, AVP-AMG2, (02) 752-3747
Regions 4 and NCR: Ms. Jessica A. Barrun, AVP-AMG3, (02) 752.3746
Regions 6, 7, and 8: Mr. Jose Rico C. Coligado, AVP-AMG4, (02) 897-9673
Regions 9, 10, 11, 12, CARAGA, and ARMM: Mr. Erwin M. Idong, AVP-AMG5, (02) 897-9680
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January 26th, 2009 - 10:52
Hi, Im a pastry chef planning to open a bakery business. I have a complete bakery equipments but dont have a start up capital yet. Can u pls help me on how to start this business. How and what are the necessary requirements?.. Thanks and God Bless.
March 22nd, 2009 - 19:15
I’d like to inquire about your requirements and how much amount to loan out. God bless and more power.
March 27th, 2009 - 04:29
Good Day I’m planning to put up direct selling distribution center in our place but don’t have enough capital. I don’t have also collaterals. Where can I inquire about this? Thanks
April 23rd, 2009 - 07:51
Good am. I am Eric Tablizo, planning to put up Hamburger Sandwich business in schools. I dont enough capital to start. I dont have any assets. Can you please help me.
April 28th, 2009 - 15:43
Good day. I’m Bernard Acenas, wanted to buy even 2nd hand computers for my online job but i don’t have enough money. Can you help me where to borrow with small interest only. Thanks.
May 9th, 2009 - 19:45
I am a returning OFW and I have already a concept of my grille-food-kiosk. In fact I’m lookiing for a micro-finance who can give me a start-up capital of 75-100k payable within 5-6 months. Any recommendations will be very much appreciated.
June 1st, 2009 - 15:57
hi gudday.. i am planning to put up internet shop. my husband is an ofw and we wanted to put business for future retirement.. can u help us to where to get a loan for capital. thank you for any help.
June 10th, 2009 - 13:00
hi! I am pastry enthusiast and I would like to put up a small business for pastries and other baking products, and looking for a micro-financing who can help me to start-up..please help me where to apply a load…thanks..
June 10th, 2009 - 13:01
hi! I am pastry enthusiast and I would like to put up a small business for pastries and other baking products, and looking for a micro-financing who can help me to start-up..please help me where to apply a loan…thanks..
June 12th, 2009 - 10:31
Magandang umaga,
Meron po akong maliit na Mushroom Production nais ko po sanang palawakin ito sa pamamagitan ng inyong programa almost 3 years na po ako sa negosyong ito. Maari nyo po ba akong matutulungan sa pamamagitan ng inyong programa?
Thank you!!
Teddy Laurie
R.E.J.L. MUSHROOMCARE
09192033178
June 30th, 2009 - 15:52
Ang aking komunidad ay isang katutubo at kami ay may lupaing ninuno, nais sa naming mag tanim ng high breed na niyog subalit wala po kaming mapagkukunan ng seedling.
Saan po ako maaring magpatulong?
July 16th, 2009 - 01:17
hi! i have an upholstery shop business here in cebu. i need additional working capital to purchase a heavy duty sewing machine and for bulk-order servicing. can you give institutions here that don’t require collateral? please email me at mb.upholstery@yahoo.com.ph
thanks.
July 16th, 2009 - 18:02
gud day! im about to start my water refilling station business, have the unit already, but i still need additional capital, can u help us? How can we apply for loan?
August 1st, 2009 - 10:39
Hi guto ko po sana magpatulong financial para sa business ko eto po ang email ko orquejod@yahoo.com or yo maycontact me at +63 917 3050 566 or 036 6530056
August 1st, 2009 - 10:41
Hi guto ko po sana magpatulong financial para sa outsoursing business ko po san antique eto po ang email ko orquejod@yahoo.com or yo maycontact me at +63 917 3050 566 or 036 6530056
August 5th, 2009 - 18:51
hi Im ruthilia from cagayan de oro city.. I am planning to have my own bigasan business but I dont have enough capital to start with..Gusto ko po sanang i ask kung saan pwede maka loan na walang collateral..Tnx
November 5th, 2009 - 15:28
Hi good day,I’m Rodolfo Castro Jr., student of Isabela State University. Can you help me with my problem? Can you please provide me the list of program partners or MFI which are members of PCFC. This is part of my requirements in finance 30. I hope you can help by now. Thank you.
November 16th, 2009 - 09:49
Good day! I would like to put up a Tapsilog business, I just want to ask how can I be qualified for lending, I only need something like 100T to start up. Thanks and hear from you soon!