Coco Coir Business Integration and Development program (COCOBIND)
Program Objectives:
- To contribute to the creation of business and employment opportunities for the coconut farmers and their families.
- To contribute to the further development of the coco-coir industry in the country.
Eligible Borrowers:
- Non-Government Organizations (NGOs)
- People’s Organizations (POs)
- Primary 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: 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)
Unit E, 46 Samar Avenue cor. Eugenio Lopez Street South Triangle, Quezon City
Mr. Ariel Nones
Program Manager
Telefax: (632) 928.8671
E-mail: ariel@fssi.com.ph
URL: www.fssi.com.ph
Source: Business Diary Philippines
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