• P3 WHOLESALE
    Partner Accreditation Criteria:

    • Should have license to engage in lending
    • At least 1 year operating as an MFI
    • Minimum Capitalization: At leastP500T
    • Asset size Limit: Up toP5.0B
    • Net Income is positive for the past 12months
    • Microfinance Portfolio at Risk: PAR – 30 days should not be more than 20% net of provisioning
    • Past Due Portfolio Quality: 20% net of provisioning
    • Capital Adequacy Ratio (CAR): 15%
    • Debt-to-Equity Ratio (DER): Not to exceed 80:20 after loan
    • Liquid Asset to Deposit Ratio: 10% but low liquidity shall not be a disqualifying factor
    • Borrower Risk Rating (BRR): BRR 5 or up
    • Regulating Agency: SEC, CDA and BSP

    LOAN FEATURES: SB CORP. TO CONDUIT

    • Credit Line Amount: Based on SB Corp. assessment
    • Credit Line Term: 1 year subject to annual review
    • PN Term: Up to 24months
    • Repayment Term: Monthly or Quarterly
    • Interest Rate: 2%p.a.
    • Grace Period/ Pre-payment Penalty/ Rebates: No grace period on principal; No pre-payment penalty; Simultaneous payment of principal and interest; No rebates
    • Penalty Fee for Late Payment: 0.5% per month
    • No Collateral Requirement
    • Service Fee: 0.5% per loan release
    • Manner of Loan Release: Via bank or check
    • Schedule of Loan Release: Advance drawdown (loan amount not yet secured by sub-PN of end- borrowers) depending on financial profile of the MFI but not to exceed 50% of the approved loan amount at any point.

    LOAN FEATURES: CONDUIT TO MICRO ENTERPRISE BORROWER

    • Loan Limit: Up to P100T to end-borrower
    • Manner of Loan Release/ Schedule of Loan Release/ Repayment Term/ Tenor/Collection System: Conduit free to determine
    • Interest Rate and service Fees: Up to 2.5% per month all-in