Wholesale Microfinance Program
A lending facility of Small Business Corporation to microfinance institutions (MFIs) which have the organizational capability or strength to provide sustainable credit access to borrowers in the livelihood sector.
Target End-Borrowers: Pre-enterprise micros, which are either startup or graduating micros
Type of Facility: Credit Line
Target Conduit:
- Medium Micro Finance-Oriented Institutions (with asset size of at least P15 Million and not more than P100 Million)
- Large Micro Finance-Oriented Institutions (with asset size of at least P100 Million)
Minimum Qualifications for Medium MFIs:
- At least 3 years in microfinance operations
- At least 3,000 microfinance clients; if wholesaler, at least 10 conduits
- Must have a manpower of at least 20 exclusively for microfinance operations; if wholesaler, at least 10
- At least 60% microfinance portfolio
- If bank, CAMELS rating of at least 3
- Latest Financial Ratios
- Borrower Risk Rating of "5" or better per SBC evaluation
Minimum Qualifications for Large MFIs:
- At least 10 years in microfinance operations
- At least 20.000 microfinance clients; if wholesaler, at least 20 conduits
- Must have a manpower of at least 100 exclusively for microfinance operations; if wholesaler, at least 20
- At least 60% microfinance portfolio If bank. CAMELS rating of at least 3
- Latest Financial Ratios
- Borrower Risk Rating of "5" or better per SBC evaluation
Loan Purpose:
- Retail re-lending to micro-borrowers
- Wholesale relending to MFIs
Terms and Requirements
Loan Amount:
a. Medium MFIs:
- Minimum of P3 Million
- Maximum of P50 Million on the first year
- Maximum of P100 Million for the succeeding years
b. Large MFIs:
- Minimum of P15 Million
- Maximum of P100 Million on the first year
- Maximum of P200 Million for the succeeding years
Line Drawdown: Minimum of P100 Thousand but up to 30% of credit line per drawdown
Term and Line Expiry : One year credit line, subject to renewal
Repayment Term per Drawdown: 360 days, payable quarterly; may be up to 2 years, if justified by nature of micro-borrowers' business
Interest Rate: Available upon request
Contact Details:
SB Corporation Head Office
17th Floor, 139 Corporate Centre Valero St., Salcedo Village, Makati City
Phone No. (632) 751.1888 Fax No.: (632)894.1677 • 813.5726
Web: www.sbgfc.org.ph
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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