Program Title: Negosyo Credit Program for Government Employees (“Puhunang Pangnegosyo Para sa Kawani ng Gobyerno”)

finance photo
Photo by Sole Treadmill

Program Objectives:
* To provide government employees thru their cooperatives and/or employee associations, access to GFIs/GOCCs negosyo
funds to finance alternative livelihood projects which the employee and/or his family wish to engage in;
* To support government thrust of providing income augmenting negosyo projects to government employees.

Eligible Borrowers:
* Conduit – Government Employee Cooperatives or Government Employee Associations
* Sub-borrower – regular permanent employees

Accreditation Criteria:
* For Government Employee Cooperatives
o Coop must be in operation and profitable for the last 2 years
o With membership of at least 50
o Debt equity ratio of 6:1 after financing
o Liquidity ratio of 1:1
o Past due ratio of not more than 15%
o Risk asset ratio not less than 10%
o Certificate of good standing from CDA (as to compliance to basic requirements) acquired at most 2 years prior to
application

* For Employee Association
o Has relending authority
o Must be in operation and registered positive net worth for the last 2 years
o With committed and active membership of at least 50;
o Presence of management team; complete and well managed records, accounting, and internal control systems
o Satisfactory financial standing based on evaluation of wholesale funder

Loan Purpose: For livelihood projects of employee and/or their families. Loans are not meant for consumption.

Basic Features:
* Wholesale lending program to be implemented by GFIs/GOCCs with government employee cooperatives/ associations as
relending institution;

* Proposed lending program will follow normal lending procedures/ requirements for microfinance, e.g.:
o Uncollateralized loans starting at P3,000 given in cycles of 3 -6 months
o Gradual increase in loan size based on project success/ repayment record, etc.
o Group or individual liability
o Bi monthly or monthly repayments

* Loan repayment automatically deducted from employee’s salary;
* Interest rate and service fees shall be according to existing practice.

Terms/Requirements:

Loan Amount:
* GFI to Employee Coops/Associations – based on evaluation
* Employee Coops/Associations to End-Clients – maximum of P150 Thousand per employee

Interest Rate:
* GFI to Employee Coops/Associations – 12% per annum
* Employee Coops/Associations to End-Clients – based on existing lending policies of the cooperative/ association

Repayment Term / Mode of Payment:
* GFI to Employee Coops/Associations – maximum of 2 years; eight quarterly amortizations for a 2 year PN
* Employee Coops/Associations to End-Clients – maximum of 2 years; mode of payment is based on existing lending policies of the cooperative/association

Security:
* GFI to Employee Coops/Associations – Post dated checks of the coops; Deed of Assignment of end clients’ PN
* Employee Coops/Associations to End-Clients – based on existing lending policies of the cooperative/association
Basic Documentary Requirements for Government Employee

Coops / Associations:
* Certificate of Registration with CDA (for government coops) or SEC (for government employee associations)
* Copy of Articles of Incorporation and By – Laws
* Information sheet of BDO and Officers
* Board Resolution authorizing cooperatives/ associations to borrow and designating at least 2 officers to negotiate and sign loan documents
* Financial Statements for the last 2 years and interim FS at time of application
* Copy of the Cooperative’s/ Association’s lending policies

Participating Agencies:
* Development Bank of the Philippines
* Land Bank of the Philippines
* People’s Credit and Finance Corporation
* Quedan Rural & Credit Guarantee Corporation
* Small Business (SB) Corporation

Contact Details:
DEVELOPMENT BANK OF THE PHILIPPINES (DBP)
Head Office: Sen. Gil J. Puyat Ave. cor. Makati Avenue, Makati City

Dulce Q. Ranosa
Senior Assistant Vice President
DBP-Head Office
5th Floor, DBP Building
Makati Ave. cor. Gil J. Puyat Avenue
Ext., 1200 Makati City
Direct Line : (632) 840.5356
Trunkline : (632) 818.9511 local 2557
Fax: (632) 894.4927
E-mail: dqranosa@devbankphil.com.ph

Eduardo Z. Rivera
Acting RMC Head/Asst. Vice President
RMC-Northeastern Luzon
2nd Floor, DBP Building
Osmena, National Highway
Ilagan, 3500 Isabela
Direct Line : (6378) 624.0877; 622.2273
Fax: (6378) 622.2272/2273
E-mail: rmc-nel@devbankphil.com.ph

Perla S. Soleta
RMC Head/Sr. Asst. Vice President
RMC/Northwestern Luzon
2nd Floor, DBP Building
M. H. Del Pilar St.
2400 Dagupan City
Direct Line : (6375) 515.8937; 523.7836
Fax: (6375)
523.7835/246.0742
E-mail: rmc-nwl@devbankphil.com.ph

Ma. Teresita S. Tolentino
RMC Head/Vice President
RMC-Metro Manila
2nd Floor, DBP Building
Commonwealth Avenue
1121 Quezon City
Direct Line : (632) 920.4781; 920.4715
Fax: (632) 920.4776/920.4903
E-mail: rmc-mm@devbankphilc.com.ph

Herminio C. Catahan
RMC Head/Sr. Asst. Vice President
RMC-Central Luzon
Dona Isa Fel Building
Dolores, McArthur Highway
San Fernando City, 2000 Pampanga
Direct Line : (6345) 961.0003; 961.4782
Fax: (6345) 963.1231
E-mail: rmc-cl@devbankphilcom.ph

Rolando N. Gordovez
RMC Head/Asst. Vice President
RMC-Southern Tagalog
2nd Floor, DBP Building
Merchan St., 4301 Lucena City
Direct Line : (6342) 373.1917; 373.4404
Fax: (6342) 373.4404
E-mail: rmc-st@devbankphilcom.ph

Abelardo L. Monarquia
RMC Head/Sr. Asst. Vice President
RMC-RMC Bicol
3rd Floor, DBP Building
Quezon Avenue, 4500 Legaspi City
Direct Line : (6354) 472.4728; 472.4729
Fax: (6354) 472.4727
E-mail: amorbr@devbankphilcom.ph

Rodelio L. Labit
RMC Head/Sr. Asst. Vice President
RMC-RMC Eastern Visayas
2nd Floor, DBP Building
Corner Zamora and Paterno Sts.
Tacloban City, 6500 Leyte
Direct Line : (6353) 325.2958 to 2960
Fax: (6353) 325.2961
E-mail: rmc-ev@devbankphilcom.ph

Rosalio Dagondon
RMC Head/Vice President
RMC – Central Visayas
Mezzanine Floor, DBP Building
Osmena Blvd., 6000 Cebu City
Direct Line : (6332) 255.6310; 255.7410
Fax: (6332) 253.6951
E-mail: rmc-cv@devbankphil.com.ph

Rosalio Melanie Pama
Acting RMC Head/ Asst. Vice President
RMC – Panay
Mezzanine Floor, DBP Building
I. Dela Rama St., 5000 Iloilo City
Direct Line : (6333) 336.6432; 337.6330
Fax: (6332) 335.7567
E-mail: rmc-panay@devbankphil.com.ph

Ame Cris C. Toledo
RMC Head/Sr. Asst. Vice President
RMC – Negros
Mezzanine Floor, DBP Building
corner South Capital & Lacson Sts.
6100 Bacolod City
Direct Line : (632) 818.9511 local 2557
Fax: (632) 894.4927
E-mail: rmc-negros@devbankphil.com.ph

Edgar N. Seronay
RMC Head/Sr. Asst. Vice President
RMC-Northern Mindanao
2nd Floor, DBP Building
Corrales Avenue cor. Tirso Neri St.
9000 Cagayan de Oro City
Direct Line : (6388) 231.4266; 309.4266
Fax: (6388) 723.316
E-mail: rmc-cdo@devbankphilcom.ph

Sisinio S. Narisma
RMC Head/Sr. Asst. Vice President
RMC-Northeastern Mindanao
J. C. Aquino Ave. corner J. Rosales
Avenue, 8600 Butuan City
Direct Line : (6385) 815.6036; 341.5136
Fax: (6385) 815.1627
E-mail: amonem@devbankphilcom.ph

Neogen M. Chavez
RMC Head/Sr. Asst. Vice President
RMC-Southern Mindanao
2nd Floor, DBP Building
Roxas Avenue, General Santos City
Direct Line : (6383) 552.2328; 552.4514
Fax: (6383) 301.1688
E-mail: rmc-sm@devbankphilcom.ph

Fernando G. Lagahit
RMC Head/Sr. Asst. Vice President
RMC-Southeastern Mindanao
2nd Floor, DBP Building
C. M. Recto, 8000 Davao City
Direct Line : (6382) 221.2620; 222.3478
Fax: (6382) 221.2517
E-mail: amosem@devbankphilcom.ph

Catalina A. Marquez
RMC Head/Manager
RMC-Western Mindanao
DBP Building, Don P. Lorenzo St.
Port Area, 7000 Zamboanga City
Direct Line : (6362) 992.7865; 991.1316
Fax: (6362) 991.0359
E-mail: amowm@devbankphilcom.ph

One thought on “Negosyo Credit Program for Government Employees (“Puhunang Pangnegosyo Para sa Kawani ng Gobyerno”)”
  1. Ang pangalan ko ay Gng. Amalia Amangkurat, isang biyuda at nawala ko ang asawa ko 4 taon na ang nakararaan at nagmamalasakit ako sa mga bata, ngayon ay gumawa ako ng pera upang magbayad ng upa at utang ngunit wala akong pera upang magbayad, kamakailan lamang, nakakita ako ng isang patotoo online tungkol sa isang kaibigan na nakuha ng isang hindi secure na utang mula sa Rika ina. Gumawa ako ng mga katanungan at ako ay sinabihan na siya ay isang matapat na ina, kaya nag-aplay ako para sa isang utang na $ 50 milyon kaya pagkatapos ng proseso ng pautang, ang aking pautang ay inilipat sa aking account sa bangko at ngayon, nagkaroon ako ng isang tindahan na pinapatakbo ko ang aking negosyo at ngayon ay nabayaran ko ang aking utang at lahat ng aking mga bayarin, lahat salamat sa Rika Anderson Loan Company ay isang mahusay at tapat na tagapagpahiram kaya pinangakuan kong magpatotoo at ibahagi ang aking mabuting balita din. makipag-ugnay sa kanyang email rikaandersonloancompany@gmail.com,
    Whatsapp: +19147057484 makakuha ng impormasyon tungkol sa kung paano makakuha ng utang. Kung mayroon kang mga pagdududa o takot, maaari kang makipag-ugnay sa akin palagi sa pamamagitan ng amaliaamangkurat@gmail.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Optimized by Optimole