11Jan/09213
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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