Upload
others
View
40
Download
0
Embed Size (px)
Citation preview
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