National Livelihood Support Fund (NLSF)
Program Title: NLSF Microfinance Program
Program Objective: To provide livelihood and enterprise development assistance to small farmer beneficiaries in the Agrarian Reform Communities (ARCs) and members of the marginalized sectors by providing access to micro credit through accredited NLSF program partners/conduits, supported by capability building/institutional development interventions.
Eligible Borrowers:
a. Program Partners/Conduits
- Rural Financial Institutions (RFIs)
- Cooperatives
- Non-Governmental Organizations (NGOs)
b. End-Borrowers
- Small farmer households and their organizations in the ARCs
- Enterprising poor in the marginalized communities, including coconut farmers/workers under the Credit Assistance for Coconut Famers (CACF) Program; youth graduates (18-35 years old) of entrepreneurial or skills training programs of TESDA and NYC (preferably out-of-school youth).
Loan Purposes:
a. Omnibus Credit Line - funds for relending to finance the livelihood project requirements of end-borrowers.
b. Soft Loan - intended to finance the logistic support expenses of the client in implementing the NLSF-funded credit program. The loan can be used specifically for the following:
- Conduct of capability-building/training programs for all the staff of the conduit handling the NLSF livelihood credit program and the conduct of social preparation activities for the sub-borrowers.
- Logistic support expenses as allowed by NLSF and depending on its assessment of the needs of the client.
Terms/Requirements:
a. Amount:
a1. Program Partners
- Omnibus Credit Line- Depends on the credit evaluation, program plans and number of target end-borrowers but not to exceed its total asset base.
- Soft Loan - depends on the needs of the Program Partner as assessed by NLSF but not to exceed 10% of the approved credit line. There must be at least 50% availment from the credit line for relending before the soft loan could be availed of.
a2. End-Borrowers - Maximum of P50.000.00 per sub-borrower.
b. Interest Rates:
b1. Program Partners
- Omnibus Credit Line- 9% per annum
- Soft Loan - 4% per annum; loan duration shall depend on the nature of the soft loan utilization but not to exceed three (3) years.
c. Security:
c1. Program Partners
- Continuing Deed of Assignment of sub-borrowers' Promissory Notes and their underlying collaterals
- Post-dated Checks
- Chattel or Real Estate Mortgage, if any.
c2. End-Borrowers - no collateral
d. Application Requirements
- Accomplished NLSF application form
- Registration and Incorporation papers
- Board Resolution authorizing the borrowing from NLSF and designating the officers to sign the documents Personal Data Sheet of the Board of Directors and Principal Officers including 2'X2' pictures
- List of top 20 stockholders or regular members for coops or active/ founding members for NGOs
- 3 Years Audited plus latest interim Financial Statements Latest Microfinance Project Status Reports
Contact Details
4th Floor Mansion Building, Emerald Avenue Ortigas Center, Pasig City
Phone: (02) 631-2955/57/44/47, (02) 914-7290 to 97
Fax: (02) 631-2953/54
Email: nlsf@nlsf.gov.ph
Web: www.nlsf.gov.ph
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March 5th, 2009 - 13:35
Sa namahala po ng NLSF,
Maaari po banag malaman kung ang aming Presidenteng si Mrs. Maria Belen hernandez ay nagfile o naghulog sainyo ng aming mga contribution sa Mahal Foundation Inc. sa project for livelihood program to Camarines sur Chapter. Nais lang po naming mga myembro na maintindihan kung ang aming pinaghirapan ay may patutunguhan sa project na nasabi.
Hihintayin po namin ang inyong balita ukol dito. Matagal na po namin itong hinihintay. Sa totoo lang gusto ko na pong pumunta ng maynila para derechong magtanong sa inyong tanggapan kaya lang po di po namin alam ang inyong opisina at wala pa kaming balita sa aming kontribusyon.
Hiling po namin at ng aming mga kasmahan ang inyong madaliang kasagutan sa aming tanong.
maraming salamat po.
Ms. Francia Otares
Santiago Young, nabua Camarines sur
cp # 09074379216
July 21st, 2009 - 10:52
May i request from your good office to look our Land title bearing lot P-12700,was made our Colateral for our Loan from NLSF last 1984 up to present i followed up at the Presidential Managament Staff Davao City.
pls. contact me at this number…
09207295581
heirs of Basiawan Moro
September 1st, 2009 - 14:42
gud day po, ask lng po ako di p po kmi kasal ung husband ko nasa saudi arabia pwede po b kmi mk loan pano po ang procedure and documents needed were planning to have a small bussines hbang nandun cia mk operate ako dito s pilipinas meron po bng ibang type of loan without collateral ano po ang pwede kc po 2yrs p lng cia dun wl p kmimg properties anong type of loans po b ang pwede at pno ang sample computation salamt sna po matulongan nyo kmi
September 29th, 2009 - 14:19
To whom this may concern please:
Kindly assist us in searching the details of the loan granted by your agency about 8 to 10 years ago for a piggery project in Barangay Villa Santos,Munoz (Science City of Munoz now), Nueva Ecija in the amount of about P400,000.00.Said loan was arranged and had approved by Former Sangguniang Bayan Member Mauricio Corpuz In coordination with a “Male Korean Consultant and a Lady” whose names we cannot recall but we’re in the process of checking this out.
Please help us because a parcel of land serving as collateral is nowhere to be found and the owner, Mr. Jose “Peping” Domingo is very worried about the plight of his land.
The borrowers are willing to pay said loan in exchange for the land title. Please give this matter your priority attention.
Thank you very much !
November 25th, 2009 - 09:02
good day po at present i do hog,poultry rasing business may konti din po baka may farm kami na 3 hec. pano ho ako maka engage ng loan sa inyo ano po ang mga requirements gusto ko po kc i expand ang hog and poultry business namin thaks po
March 4th, 2010 - 16:11
We are a foundation with 10 local churches under our Organization. Can we avail of a soft loan to assist our members in starting a micro business as part of our Livelihood Program?
Kindly assist us on this matter.
Helen D. Rivera
Executive Officer/Secretary
March 14th, 2010 - 08:59
Magandang Araw po, ask lang po ako kong paano kami maka avail sa inyong mga programa, kaming mga farmers dito sa gingoog city. extend po ninyo sa amin ang inyong services…
maraming salamat po,
santos nueva
09194256575