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
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.