PONDO SA PAGBABAGO AT PAG-ASENSO

01 Providesmicroenterprisesanalterna1vesourceoffinancing.

02 Micro entrepreneurs who do not have access to credit or access it at very high cost

03 Targetsthe30poorestprovinces

04 P3fundsarechanneledthroughpartnerconduits

05 2.5%

interest monthly

06 P5,000 to P100,000

loanable amount

Type of Organizations

Regulating Agency

Business Track Record

Organizational Capability

Corporations, Cooperatives or Banks (with license to engage in lending)

May include SEC, CDA, BSP

AtleastoneyearasanMFI

WithBoardofDirectors,withmanagementteamandwithretaillendingunitinplace

WholesaleLendingtoMicrofinanceIns4tu4ons

QUALIFICATION CRITERIA FOR MFIs

Net Income

Asset Size

Minimum Capitalization

Past Due Rate

Posi1veforthelast12months

Up to P5.0 Billion

AtleastP500.0thousand

20%netofprovisioning

WholesaleLendingtoMicrofinanceIns4tu4ons

QUALIFICATION CRITERIA FOR MFIs

Permits/Registration Requirements

DTI Registration, Mayor’s Permit Baranggay Certification, or MFI Certification, if applicable

QUALIFICATIONCRITERIA

FORMICROSUB-BORROWER

Livelihood Track Record

At least 6 months track record in the activity to be financed; may be start-up provided

they undergo training or recipient of starter kit from the MFI,

LGU or other government

agencies

Asset Size

Not more than P 3.0M

Residence

Within 2 hours distance from the lender by public transport

Nature of Livelihood

Wide ranging, may include agricultural activities

Citizenship

Filipino, in good standing with the community

Personal Status

In god health and able To perform his/her livelihood activities

Documentation

Valid government ID and Baranggay Clearance

ForpartnerconduitsLoanfeatures

2%perannum

Upto24monthsMonthlyorQuarterly

NottoexceedP500MCREDITLINELIMIT

1yearsubjecttoannualreview

CREDITLINETERM

INTERESTRATE

PNTERM/REPAYMENTTERM

ForMicro-endborrowersLoanfeatures

Upto2.5%permonthallin(savingsorcapitalbuild-up,insurancepremiumandotherdeduc4onsfromtheloanreleasethatdonotaccruetotheMFIbutbenefitsthmicroborrowerarenotpartofthe2.5%cap.

P5,000toP100,000;maybeuptoP200,000withatleast1full4meworker

LOANABLEAMOUNT

INTERESTRATE

01

04 03

02 Scheduleofborrowingsincludingdetailsontermsofpayment,collateralcoverandcredit.

BoardResolu1ontoborrowfromSBCorpanditsauthorizedsignatories

Validbusinessregistra1onpapers

AuditedFSnotmorethan18monthsold;Interimfinancialstatementsnotmorethansixmonths

05

DocumentaryRequirementsForMFIS-WholesaleLendingforMFIs

06 Proofoforganiza1onalcapability.

Dulyaccomplishedloanapplica1on