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DBP-Credit Surety Fund (CSF) Credit Facility

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The DBP Credit Surety Fund (CSF) Credit Facility is a special lending window in support to the CSF program of Bangko Sentral ng Pilipinas, which aims to support growth of micro, small and medium enterprises (MSME) which are short of acceptable collateral.

Eligible Borrower

  1. Cooperatives and NGOs which are contributors to the CSF
  2. SME members of the above contributing Cooperatives and NGOs
  3. Partnership whose majority partners, including the capitalist partner are members of the CSF-participating cooperative/NGO
  4. Corporation with at least 67% or 2/3 of its shares of stocks is owned by a member of a CSF-participating cooperative/NGO.

Eligible Loan Purpose

  • Finance entrepreneurial business activities
  • Relending/Sub-loan to members

Loanable Amount

Maximum of up to 10 times of the member’s contribution or the maximum eligible for CSF Surety Cover, whichever is lower.

Loan Tenor

Based on the Cooperative’s cash flow. Maximum term for credit line is up to 360 days, renewable annually.

Interest Rate

Prevailing interest rate

Collateral Security

Credit Surety Fund cover with a risk-sharing ratio of 80:20 (Surety vs DBP)

Documentary Requirements

  1. Specific Requirements for Cooperatives
    • Certificate of Registration from CDA
    • By-laws and Articles of Cooperation, including amendments (if any)
    • List of incumbent Board of Directors, addresses and contact numbers
    • Certificate of Good Standing issued by CDA
    • Endorsement Letter from Oversight Committee indicating contribution to CSF
    • Financial Statements (Past 3 years)
    • Customer Record Form / Customer Information Sheet (DBP Form)
  1. Specific Requirements for NGOs
    • Certificate of Registration from SEC
    • By-laws and Articles of incorporation, including amendments (if any)
    • List of incumbent Board of Directors, addresses and contact numbers
    • Endorsement Letter from Oversight Committee indicating contribution to CSF
    • Financial Statements (Past 3 years)
    • Customer Record Form / Customer Information Sheet (DBP Form)

For inquiries, feel free to contact:

Joseph Angelo Diamante
Program Development and Management II
(02) 818-9511 local 2330
pdm2@dbp.ph

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Would you like to inquire further about these products and services?
Call Customer Service at (02) 683-8324 or Email: customerservice@dbp.ph

 

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