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 have access monthly to credit or access it at very high cost 03 Targets the 06 P5,000 to P100,000 30 poorest loanable amount provinces

QUALIFICATION CRITERIA FOR MFIs Type of Corporations, Cooperatives or Banks Wholesale Organizations (with license to engage in lending) Lending to Microfinance Ins4tu4ons Regulating May include SEC, CDA, BSP Agency At least one year as an MFI Business Track Record With Board of Directors, with management team Organizational Capability and with retail lending unit in place

QUALIFICATION CRITERIA FOR MFIs Posi1ve for the last 12 months Wholesale Net Income Lending to Microfinance Ins4tu4ons Asset Size Up to P5.0 Billion Minimum At least P500.0 thousand Capitalization 20% net of provisioning Past Due Rate

Livelihood Track Record Permits/Registration Requirements At least 6 months track record in the activity to DTI Registration, Mayor’s Permit be financed; may be start-up provided Baranggay Certification, or they undergo training or recipient MFI Certification, of starter kit from the MFI, if applicable LGU or other government agencies Nature of Livelihood Asset Size Wide ranging, may include Not more than P 3.0M agricultural activities QUALIFICATION CRITERIA FOR MICRO Citizenship Residence SUB-BORROWER Filipino, in good standing with Within 2 hours distance the community from the lender by public transport Personal Status Documentation In god health and able To perform his/her Valid government ID and livelihood activities Baranggay Clearance

CREDIT LINE LIMIT Not to exceed P500 M CREDIT LINE TERM 1 year subject to annual review INTEREST RA TE 2% per annum PN TERM/REPA YMENT TERM Loan features Up to 24 months Monthly or Quarterly For partner conduits

LOANABLE AMOUNT P5,000 to P100,000; maybe up to P200,000 with atleast 1 full 4me worker INTEREST RA TE Up to 2.5% per month all in (savings or capital build-up, insurance premium and other deduc4ons from the Loan features loan release that do not accrue to the MFI but benefits th micro borrower For Micro-end borrowers are not part of the 2.5% cap.

Documentary 06 Requirements 05 Proof of organiza1onal For MFIS - Wholesale Lending for MFIs capability. 04 Duly accomplished loan applica1on 03 02 Schedule of borrowings including details on terms of payment, collateral cover and credit. 01 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