ASENSO Program

Description

A program jointly implemented by different GFIs in support of the National SME Development Plan. The Program adopts a unified procedure and terms and conditions in lending to SMEs.

Eligible Borrowers

  • Sole Proprietorship
  • Partnership
  • Corporation (at least 60% Filipino-owned)
  • Cooperatives

Eligible Projects

  • Manufacturing
  • Agri-business (except direct farm level agricultural production)
  • Services
  • Trading (except enterprises engaged in purely trading of imported commodities, in extractive industries, in vice generating activities and in real estate development

Loan Purpose

  • Working Capital
  • Fixed Asset Acquisition

 

Amount of Loan

 

Maximum of P5 M

Term of Loan

  • Short Term – 1 year
  • Long Term – maximum of 5 years inclusive of maximum of 1 year grace period on principal payment

Loan Security

  • REM
  • Chattel on Machinery & equipment
  • Hold-out on deposit
  • Deed of Assignment on inventory & receivable
  • JSS of principal stockholders/officers
  • Guarantee cover from SBGFC, PhilEXIM, etc.

Contact Number

405-7640 / 522-0000 local 2589 and 405-7198