P3 WHOLESALE : Pondo sa Pagbabago at Pag-asenso

Partner Accreditation Criteria:

  • Should have license to engage in lending
  • At least 1 year operating as an MFI
  • Minimum Capitalization: At least PHP 500.0 thousand
  • Asset size Limit: Up to PHP 5.0 billion
  • Net Income is positive for the past 12 months
  • 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 24 months
  • Repayment Term: Quarterly
  • 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
  • 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 PHP 300.0 thousand 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