National Observances for the Month of May. Read here.
Extended Banking Hours for the 2023 Annual Income Tax Filing Deadline. Read here.
Advisory to the Public Against Vishing Attacks. Read here.
Advisory to the Public Against Illegal Solicitation. Read here.
Advisory on Clickable Links in E-mails or SMS. Read here.

Water for Every Resident (WATER) Program

The WATER Program supports the Philippine Development Plan (PDP) 2017-2022 in its aim to
increase the percentage of households with access to safe water supply. It also supports the United Nations’ Sustainable Development Goal (SDG) No. 6: Ensure access to water and sanitation for all. By 2030, the Program is expected to have financed Php 30-Billion of investments in water supply projects.

Program Objectives

    1. To contribute to the provision of safe and affordable water supply through financing to help achieve inclusive growth and poverty reduction
    2. To provide credit assistance to water service providers in their investment requirements in
      order to provide safe, reliable and affordable water services

Eligible Borrowers

      • Local Government Units (LGUs)
      • Water Districts
      • Private Corporations
      • Private Water Service Providers

Eligible Projects

      • Source development for distribution or for bulk water supply.
      • Water transmission and/or distribution system rehabilitation, expansion and upgrading.
      • Development/installation of water treatment facilities/equipment.
      • Investment for Non-Revenue Water reduction or other efficiency-enhancing measures, such as but not limited to computerization of accounts, billing and collection system, installation of energy-saving equipment.
      • Purchase of necessary tools and equipment such as but not limited to generator sets, service vehicles, trucks, water leak detector including construction or rehabilitation of existing non-network facilities (e.g. office building, warehouse) to improve efficiency and service delivery.
      • Investment for Climate Change Adaptation Technologies (e.g. rain water collection system)

Eligible Expenditures

      • Capital Investment
      • Working capital requirement
      • Interest during construction
      • Refinancing of existing loan
      • Consultancy services
      • Project Preparation Activities (i.e. feasibility study, detailed engineering design)

Loan Features

Equity Participation

      • Private corporations – minimum of 20% based on total project cost
      • Water Districts, Local Government Units, Associations and Cooperatives – minimum of 10% based on total project cost

For Water Districts and LGUs, DBP may finance up to 100% of the proposed project provided that safety measures are in place, such as, the loan is fully secured, all receivables are assigned in favor of DBP, ADB requirement is imposed, DBP is a major depository bank, etc.

Interest Rate

Interest rate shall be based on the existing DBP circulars on lending rates while the credit spread shall be based on the Borrower Risk Rating (BRR).

Loan Term

The term of the loan shall be based on the project cash flows or depending on the source of fund. The mode of repayment shall be monthly or quarterly depending on the cash flow of the project and/or the business

Documentary Requirements

The checklist of requirements for the technical due diligence of the proposed project under the WATER Program is listed under Annex B.

Download brochure

For more program information, please contact:

Program Development and Management I Department
Tel. Nos.: (02) 8818-9511 local 2348

For loan application, you may contact the lending units near you:

Metro Manila Lending Groups
Corporate Banking Group

Ma. Lourdes B. Gumba
Head, Corporate Banking Group
Tel. Nos.: (02) 8812-6536

Lea Vanessa C. Delos Reyes
Head, Corporate Banking I Department
Tel. Nos.: (02) 8893-8940

Raquel C. Atienza
Head, Corporate Banking II Department
Tel. Nos.: (02) 8813-2730

Suzanne S. Aquino
Head, Financial Institutions Department
Tel. Nos.: (02) 8815-1528

Gerard Boz C. Tungol
Head, Public Sector Department
Tel. Nos.: (02) 8815-1520

Jeanne D. Adamos
SME Retail and Mid-Market Lending Group
Tel. Nos.: (02) 8893-1177

Arturo S. Pedregosa
Head, Middle Market I Department
Tel. Nos.: (02) 8893-1177

Christian Joseph Presa
Head, Middle Market II Department
Tel. Nos.: (02) 8840-5566

Myra G. Almogino-Calara
Head, SME-NCR Department
Tel. Nos.: (02) 8812-9932

Provincial Lending Groups

Kindly proceed to this link.