The Sustainable Entrepreneurship Enhancement and Development Program (SEED) is DBP’s umbrella program for micro, small and medium enterprises (MSMEs). Consistent with the Bank’s developmental thrusts, the DBP-SEED Program aims to enhance the access of MSMEs to credit facilities and fast-track the credit process; bring SMEs to the mainstream of banking by implementing alternative ways of securing MSME loans; and maximize the Bank’s lending reach and help create employment and income opportunities.
Retail Lending for Micro and Small Enterprises
Priority Projects: All types of Micro and Small Enterprises
Eligible Borrowers: Single Proprietorship, Partnership, Corporation, Cooperative and other business entities with legal personality to engage in a business enterprise with capitalization of P 15.0 M and below
Terms: 3 to 5 years
Project Managers:
* Romeo B. Carandang
Assistant Vice President
8922357/8189511 local 2546 rbcarandang@dbp.ph
* Leonore L. Tianco
8922357/8189511 local 2546 ltianco@dbp.ph
SEED Organic Agriculture Program
Priority Projects: Organic Rice, Muscovado Sugar and Organic Vegetables / Processed Organic Vegetables (pickles, chunks, etc.)
Eligible Borrowers: Individuals, Partnerships, Corporations or Cooperatives duly registered with the Department of Trade and Industry / Securities and Exchange Commission or Cooperative Development Authority who own titled land or with tenurial arrangement on land suitable for planting to organic crops.
Terms: Repayment based on the project cash flow or payback period as determined by DBP but not to exceed 5 years inclusive of 3 years grace period
Project Managers:
* Romeo B. Carandang
Assistant Vice President
8922357/8189511 local 2546 rbcarandang@dbp.ph
* Leonore L. Tianco
8922357/8189511 local 2546 ltianco@dbp.ph
SEED High Value Crops Financing Programs
Priority Projects:
* Fruits : Banana, Pineapple, Mango, Durian, Pomelo, Calamansi, Pili, Lanzones, Papaya, Mangosteen
* Vegetables: Asparagus, Broccoli, Shallot, Cabbage, Celery, Cauliflower, etc.
* Plantation Crops: Rubber, Coffee, Oil Palm & Cacao
Eligible Borrowers: Individuals, Partnerships, Corporations or Cooperatives duly registered with DTI / Securities and Exchange Commission or Cooperative Development Authority who own titled land or with tenurial arrrangement on land suitable for planting to high-value commercial crops.
Terms: Repayment terms based on project cycle and cash flow but not to exceed 10 years inclusive of 3 years grace period.
Project Managers:
* Romeo B. Carandang
Assistant Vice President
8922357/8189511 local 2546 rbcarandang@dbp.ph
* Jose Pepito A. Yusingbo
8922357/8189511 local 2546 jpayusingbo@dbp.ph
SEED Cleaner Public Transport Program
Priority Projects: Public Transport Sector
Eligible Borrowers: Transport Operators (Tricycles and Jeepneys)
Terms: Maximum of 5 years inclusive of 3 months grace period
Project Managers:
* Romeo B. Carandang
Assistant Vice President
8922357/8189511 local 2546 rbcarandang@dbp.ph
* Leonore L. Tianco
8922357/8189511 local 2546 ltianco@dbp.ph
SEED One Town One Product Program
Priority Projects: OTOP Projects
Eligible Borrowers: MSMEs, OFWs with existing, start-up OTOP Projects, or projects supportive of OTOP endorsed by DTI.
Terms: 3 to 5 years
Project Managers:
* Romeo B. Carandang
Assistant Vice President
8922357/8189511 local 2546
rbcarandang@dbp.ph
* Leonore L. Tianco
8922357/8189511 local 2546
lltianco@dbp.ph
SEED CSF Credit Facility
Eligible Borrowers:
* Credit Surety Fund Member Cooperatives
* Individual MSMEs who are members of Credit Surety Fund member cooperatives
Project Managers:
* Romeo B. Carandang
Assistant Vice President
8922357/8189511 local 2546 rbcarandang@dbp.ph
* Jennifer L. Amparado
8922357/8189511 local 2549 jlamparado@dbp.ph
SEED Venture Capital Program
Eligible Projects:
* Technology-based
* Services (except financial)
* Manufacturing
* Franchise
* Post Harvest Facilities
* Agri-production (high value crops, organic agriculture and mariculture project)
Eligible Borrowers:
* For regular VCP: any duly registered small enterprise with asset size of not more than P15M
* For CSR: enterprises with higher asset size may be considered on the basis of their projects’ developmental impact.
Terms: Maximum of five (5) years, subject to two (2) years extension
Project Manager:
* Romeo B. Carandang
Assistant Vice President
8922357/8189511 local 2546 rbcarandang@dbp.ph
Livelihood
Priority Projects: Mariculture Park projects and their linkage industries:
1. Mooring systems, fish cages, fish cage facilities
2. Businesses related to activities in the Mariculture Park, such as:
– Accredited Support Businesses
– Post Harvest Services and Ancillary Services
Eligible: Business Corporations, Local Government Units, Micro, Small and Medium Enterprises, Proprietorships, Joint Ventures, Partnerships, Cooperatives, Associations
Terms:
* Maximum repayment term of ten (10) years depending on the amount of the loan
* Maximum of three (3) years grace period
Project Managers:
* Leopoldo A. Resmundo, Jr.
Senior Manager
8125703/8189511 loc. 2332
ljaresmundo@dbp.ph
* Aldwin Christian B. Yam
Assistant Manager
8125703/8189511 loc. 2332
acbyam@dbp.ph
How to get started and avail of DBP’s Microfinancing Programs? Click here.
Are you ready to apply for a loan from DBP? Click Here for the steps!
Source and Photo: DBP
Disclaimer: Pinoybisnes.com is not connected in any way with the listed financing programs being offered here. For more information and advice, please call directly the institution involved.
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