PON ONDO S O SA P PAGBA BABA BAGO A O AT P PAG-ASENSO O 04 - - PowerPoint PPT Presentation
PON ONDO S O SA P PAGBA BABA BAGO A O AT P PAG-ASENSO O 04 P3 funds are Provides 01 channeled microenterprises through an alterna1ve partner source of financing. condui ts Micro 02 05 2.5% entrepreneurs interest who do not
PON ONDO S O SA P PAGBA BABA BAGO A O AT P PAG-ASENSO O
Provides microenterprises an alterna1ve source of financing.
Micro entrepreneurs who do not have access to credit or access it at very high cost
Targets the 30 poorest provinces
P3 funds are channeled through partner conduits
2.5% interest monthly
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 At least one year as an MFI With Board of Directors, with management team and with retail lending unit in place
Wholesale Lending to Microfinance Ins4tu4ons
QUALIFICATION CRITERIA FOR MFIs
Net Income Asset Size Minimum Capitalization Past Due Rate
Posi1ve for the last 12 months Up to P5.0 Billion
At least P500.0 thousand 20% net of provisioning
Wholesale Lending to Microfinance Ins4tu4ons
QUALIFICATION CRITERIA FOR MFIs
Permits/Registration Requirements
DTI Registration, Mayor’s Permit Baranggay Certification, or MFI Certification, if applicable
QUALIFICATION CRITERIA FOR MICRO SUB-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
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
For partner conduits
2% per annum Up to 24 months Monthly or Quarterly Not to exceed P500 M CREDIT LINE LIMIT 1 year subject to annual review CREDIT LINE TERM INTEREST RA TE PN TERM/REPA YMENT TERM
For Micro-end borrowers
Up to 2.5% per month all in (savings or capital build-up, insurance premium and
loan release that do not accrue to the MFI but benefits th micro borrower are not part of the 2.5% cap. P5,000 to P100,000; maybe up to P200,000 with atleast 1 full 4me worker LOANABLE AMOUNT INTEREST RA TE
Schedule of borrowings including details on terms of payment, collateral cover and credit. Board Resolu1on to borrow from SB Corp and its authorized signatories Valid business registra1on papers Audited FS not more than 18 months old; Interim financial statements not more than six months
For MFIS - Wholesale Lending for MFIs
Proof of organiza1onal capability. Duly accomplished loan applica1on