Type of Facility |
Credit Line |
Target Conduit |
- Small community cooperatives
- Small non-government organizations (NGOs)
- People’s organizations (POs)
|
Purpose of Loan |
Re-lending to micro borrowers |
Loan Amount |
Minimum of P200 Thousand
Maximum of P10 Million on the first year with SBC
Maximum of P20 Million for the succeeding years |
Line Drawdown |
Minimum of P100 Thousand; up to 30% of credit line |
Term and Line Expiry |
One year credit line, subject to renewal |
Repayment Term per Drawdown |
360 days, payable quarterly; may be up to two years, if justified by nature of micro-borrower’s business as in the case of graduating micros |
Security |
- Continuing Surety Agreement of principals (must)
- Hard collateral may be required
|
Other Terms of Financing |
Conduit must be willing to monitor its micro borrowers and be monitored by SBC |
Micro Financing Program