11Jan/091
Sustainable Waste Management Eco-Enterprise Program (SWEEP)
Program Title: Sustainable Waste Management Eco-Enterprise Program (SWEEP)
Program Objective: To provide technical and business development support and financial services to stimulate and accelerate the development of viable and ecologically sound entrepreneurial activities in the waste management sector.
Eligible Borrowers:
- Non-Government Organizations (NGOs), People's Organizations (POs), Cooperatives, Federations, Unions, Industry Associations
- Private Individual/Single Proprietor
- Private Corporations
Financial Products and Services:
- Loan (Term Loan, Credit Line)
- Guarantee
- Equity/Joint Venture
Terms/Requirements:
Amount: Minimum of P500.000.00; Maximum of P15.0 Million (Maximum of P5.0 Million for first time borrowers)
Interest Rate:
- For NGOs, POs, Coops & Unions - prevailing 364-day Treasury Bill Rates + 2% SF + RVAT
- For Private Social Enterprise - prevailing 364-day Treasury Bill Rates + 4% SF + RVAT
Maturity / Repayment: One to five years maturity in monthly, quarterly, semi-annual, or annual payments
Security:
- 75% Real Estate Mortgage or
- Chattel Mortgage Deed of Assignment
- Joint and Several Suretyship (JSS) Agreement
Contact Details:
Mr. Augusto Camba
Associate Executive Director
Phone/Fax: (632) 928.8671
E-mail: ac@fssi.com.ph
Web: www.fssi.com.ph
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February 9th, 2009 - 19:09
Dear Sir,
I’d like to inquire about this program. We are salvaging a sunken vessel at zambales, and we need additional capital to lift the scrap metal from under the sea. Buyers are waiting for us to deliver, and some are willing to pick it up ones ready. Kindly email me, if we are qualified to borrow.
Respectfully,
Maryann G. Agana
+639272727391