Wholesale Lending for Micro-Finance Institutions (MFIs) and Cooperatives

A Term Loan offered by the Bank to accredited Micro-Finance Institutions (MFIs) and Cooperative Banks which in turn re-lend the funds to eligible borrowers.

Product Features

Loan Amount Single Borrower's Limit (SBL) per accredited / qualified conduit bank.
Loan term Up to a maximum term of eighteen (18) months.
Repayment terms Minimum of 1 year to maximum of 7 years.

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Benefits

  • Provides a wider scale of lending opportunities to MFIs and Cooperatives.

Documentary requirements

  • Board Resolution from the borrower authorizing the loan transactions mortgage(s), signatory (ies), and Secretary's Certificate.
  • Articles of Incorporation and By-laws.
  • Sec Certification of Registration of the Articles of Incorporation and By-laws.
  • Certified List of Incumbent Officers.
  • Xerox copies of TCT's, OCT's, CCT's and TDS, (REM, CM, Pledge; Deed of Assignment).
  • Certified list of chattels offered and Collateral / Affidavit of Ownership.
  • Photo copies of existing Loan Agreements, MOAs and other contracts.
  • Certificate of Registration with DTI for Sole Proprietorship.
  • Others, such as:
    • Evaluation Report or Feasibility Study CI Report.
    • Appraisal Report
    • Confidential Information Sheet
    • Application Form
    • Audited Financial Statement
    • Mayor's Permit (for Php 50,000 Loan)