22Jan/09417
SME Lending Program
Program Title: SME Lending Program
Program Objective: To provide financing to small and medium enterprises for the maintenance and expansion of their business.
Eligible Borrowers:
- Sole proprietorships, partnerships, and corporations engaged in manufacturing, agribusiness, processing and services including trading and merchandising;
- Track record showing profitability for at least 3 yrs;
- Engaged in business for the last 3 yrs; and,
- Individual borrower must be 21-64 years old at the time of application.
Loan Purpose:
- Working capital for stock of raw materials, supplies & other requirements needed
- Acquisition of productive assets
- Construction, expansion, renovation & modernization of new and existing facilities
Terms/Requirements:
Amount: P151.000.00 to P5.0M
Interest Rate: 24% per annum (diminishing balance)
Maturity/Repayment: 6 months - 60 months
Security:
- Real Estate Mortgage
- Assignment of peso deposits
- Lease Right (if franchise)
Mode of Payment: Semi-monthly or monthly through post-dated checks
Contact Details:
Opportunity MicroFinance Bank (OMB)
OMB Building, Robinsons Homes East,
Commercial Arcade-1 Robinsons Homes East,
Circumferential Road, Barangay San Jose, Antipolo City
Trunkline No.: 630.0141
Bert Cabarloc - local 229
Babes Lagos - local 228
Nante Bulaon/lzza Romera - local 222
Carol Nadres/Fe Nasol - local 227
Recent Posts
- Wholesale Lending Window for Graduating Micros and BMBEs
- Wholesale Microfinance Program
- MFI Employees Loan Facility
- Micro-Housing Loan Facility
- Micro-Energy Credit Program
- Livelihood Development Program for OFWs
- Microfinance Eco-Enterprise Program
- Microfinance Program for NGOs and Cooperatives
- Self-Employment Assistance Program
- Microfinance Program for Rural Workers
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