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

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