Community-Based Forest and Mangrove Management Project (CBFMMP)

Description

Re-lending program to Local Government Units (LGUs)

Eligible Borrowers

Local Government Units in Panay & Negros

Loan Purpose

  • Infrastructure and/or livelihood activities supportive of Natural Resource Management

Amount of Loan

  • Based on investment requirement but not to exceed the maximum loan amount of PhP 15 million or Net Borrowing Capacity whichever is lower. (Loan in excess of PhP 15 million maybe funded by internal funds/ other programs.

Term of Loan

  • Based on investment requirement but not to exceed 15 years with a maximum of 2 years 3 quarters grace period on principal

Loan Security

  • Assignment of the 20% of the LGU’s IRA
  • Real Estate Mortgage
  • Chattel Mortgage

Contact Person/ Number

Mr. Enrico Samaniego / 522-0000 local 2785

Note

Fund Fully Committed