Sustainable Partnership for Eco-Enterprises Development (SPEED)

Program Objectives:
– To harness the entrepreneurial capacities of the marginalized sector through direct and effective delivery of financial and enterprise development services that are appropriate to community-based enterprises, development organizations and social entrepreneurs.
-To provide assistance to those emerging enterprises that promote eco-enterprise principles.

Eligible Borrowers:
– Non-Government Organizations (NGOs)
– People’s Organizations (POs)
– Cooperatives and Coop-Federations
– Industry Associations
– Single Proprietor
– Private Corporations

Financial Products and Services:
– Loan (Term Loan, Credit Line)
– Guarantee
– Equity/Joint Venture

Terms/Requirements:

Loan Amount: Minimum of P500 Thousand
– Maximum of P5.0 Million for first time borrowers

Interest Rate: Prevailing 90-day TBill Rate + (5 – Project’s EEI rating) + Service Fee + VAT

Maturity/ Repayment: One to five years maturity; Monthly, quarterly, semi-annual, or annual payments of principal and interest

Security: (any or combination of the following)
– Real Estate Mortgage
– Chattel Mortgage
– Deed of Assignment
– Joint and Several Suretyship (JSS) Agreement

Contact Details:
FOUNDATION FOR A SUSTAINABLE SOCIETY, INC. (FSSI)

46-E Eugenio Lopez Street near corner Samar Avenue, South Triangle, Quezon City 1103, Philippines

Phone: (+632) 8928 8671

Phone: (+632) 7745 3206

By rd

One thought on “Sustainable Partnership for Eco-Enterprises Development (SPEED)”
  1. Dear Sir,
    I am a retired xray/scan technician from Fiji Islands, and have developed several ideas or products based around bamboo.
    As I am retired, I have no capital but sound business ideas i would like to develop and create, including machines for home and personal uses.I am interested if there were sources of funds or investors interested in funding ij manufacturing these new products.
    I would be grateful for your interest and reply.
    Sincerely,
    Jone Vatunilagi.

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