FOUNDATION FOR A SUSTAINABLE SOCIETY, INC. (FSSI)
Unit E, 46 Samar Avenue corner Eugenio Lopez Street South Triangle, Quezon City

Program Title: MICROFINANCE ECO-ENTERPRISE PROGRAM (MEEP)

Program Objectives:
* To assist community finance institutions (CFIs) set up windows of financing schemes for the entrepreneurial poor and micro-enterprises entering and participating in eco-enterprise ventures;
* To create CFI models that are community oriented, economically viable and integrate ecological concerns in their operation;
* To increase the participation of the entrepreneurial poor and micro-enterprises in the Sustainable Waste Management Sector, Coco Coir Sub-Sectors and other Eco-Enterprises through microfinance.

Eligible Borrowers:
* Non-government Organizations (NGOs)
* People’s Organizations (POs)
* Primary Cooperatives and Coop-Federations
* Rural Banks and Cooperative Banks

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

Terms/Requirements:
Amount: Minimum of P500 Thousand
(Maximum of P5.0 Million for first-time borrowers)

Interest Rate:
Loan: prevailing 90-day TBill rate + (5 – Project’s EEI rating) + Service Fee + VAT
Deposit: Negotiated rate (floor rate is 90-day TBill rate)

Maturity / Repayment:
Loan: Maximum of Three years; monthly, quarterly or semi-annual payment of principal and interest
Deposit: One year term; monthly, quarterly or semi-annual payment of interest

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

Contact Details:

Ms. Ann Marie Torres
Program Manager
Phone/Fax: (632) 928.8671 local 24
E-mail: atorres@fssi.com.ph
URL: www.fssi.com.ph

Mr. Amado Reclusado, Jr.
Project Officer
Phone/Fax: (632) 928.8671 local 22
E-mail: areclusado@fssi.com.ph
URL: www.fssi.com.ph

* Project EEI Rating: Eco-Enterprise Index (EEI) Rating from Project Appraisal (Lowest Rating is 1; Highest Rating is 5) *EEI: based on the triple bottomline criteria of FSSI, (1) Economic Viability, (2) Social Equity or Community Participation, and (3) Ecological Soundness