Financing Programs Loans and Financing Programs for Micro, Small and Medium Enterprises

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