DBP Financial Assistance to Overseas Placement Agencies (For Borrower-Conduit) 1

Program Title: DBP Financial Assistance to Overseas Placement Agencies (For Borrower-Conduit)

DBP SUPPORT TO FAME’s* Paglingap ng Bayan sa OFW PROGRAM THRU FINANCIAL INSTITUTION- CONDUITS (* Federation Association of Manpower Exporters, Inc.)

Program Objective: To provide financial assistance to Overseas Placement Agencies (OPAs) on the recruitment training and business development activities for a more efficient deployment of Overseas Filipino Workers thus enhancing their image in the eyes of the OFWs in particular and the public in general.

Eligible Borrowers:
* SEC Registered financing company with at least 2 years profitable operations Financial Institutions
o Banks-thrift banks, rural banks, microfinance banks, cooperative banks
o Non-banks – with at least 2 years profitable operations, NGOs & Cooperatives

Minimum Risk Acceptance Criteria: The borrower conduit should have existing or proposed program for OFWs with savings component similar to the FAME’s Paglingap ng Bayan sa OFW Program.


Loan Amount:
* DBP to Borrower-Conduit – based on the required amount established and be proposed by the eligible borrower
* Borrower-Conduit to Sub-Borrower – based on the actual requirement of an OPA

Interest Rates:
* DBP to Borrower-Conduit – prevailing DBP rate based on wholesale pricing shall be applied
* Borrower-Conduit to Sub-Borrower – prevailing market rate but not to exceed 3% per month

Repayment: Maximum of 360 days for working capital, renewal will be allowed.

Collateral: Loans should be secured by any or a combination of the following:
* Hold-out on bank deposit
* OWWA and/or other government guarantees
* Real estate and/or chattel mortgage
* Other collateral/security acceptable to the Bank.

Other Conditions:
* DBP shall be the borrower’s official and principal depository bank.
* All payroll-related remittances of the sub-borrower’s OFWs including loan amortization must be coursed through the DBP Remittance Center.
* The average daily balance of the borrower’s deposit account shall be equivalent to at least two (2) amortizations.
* Payment of amortization shall be through automatic debit of the borrower-conduit’s deposit account.
* The sub-borrower OPA should be a member in good standing and duly endorsed/certified by the respective association.
* The POEA required escrow account deposit of the sub-borrower OPAs shall be deposited with DBP.

Basic Requirements: The borrower shall submit loan proposal together with other documentary requirements to DBP Microfinance Resource Center (MFC) and/or other marketing units including
* Letter of Intent
* Loan/project proposal/feasibility study
* Board Resolution authorizing the borrowing and designating authorized signatories for the loan
* Certificate of Registration/By-Laws and Articles of Incorporation/ Cooperation (or any equivalent documents)
* Customer Information Report (DBP Form)
* Confidential Information Sheet (DBP Form)
* Audited Financial Statements (last 3 years), if applicable
* Income Tax Returns (last 3 years), if applicable
* List of migrant workers (land or sea-based) for deployment
* Other documents that maybe necessary in the loan evaluation

Contact Details:

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)
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
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