the Social Enterprise Investment Fund (SEIF), a set of financial products that
can be accessed by social enterprises with the goal of reaching economic
viability, ecological soundness and social equity.
Who are eligible to apply for our products and services?
We support social enterprises that undertake the development, production, processing and marketing of commodities. These social enterprises shall qualify to our people, planet and profit bottomlines criteria and take the form of the following organizations:
Cooperatives
Microfinance NGOs
NGOs and POs
Corporations
Partnerships
Sole proprietorships
What are the products and services we offer?
LOAN
FSSI extends loans to enhance the capacities of social enterprises to meet their increasing demand for financial investment that is necessary to help ensure growth and sustainability. Loans are provided for a specific business proposal or business activity and can be classified according to types:
- Microfinance program
- Start-up enterprise
- Bridge financing/PO-financing
- Enterprise
- Agri-credit
- AIF business incubation
- Business development
- Agro-enterprise
- Capital assets
- Renewable energy
Interest rate: 8% to 12.5%
Maturity: Up to 5 years (depending on business design and cash flow)
Terms of payment: Monthly, quarterly, semi-annually or lump-sum (based on
business/projected cash flow)
Processing time: Monthly processing for amounts up to Php5 million and quarterly processing for bigger amounts
DEVELOPMENTAL DEPOSIT
Developmental deposits is invested in community financial intermediaries to help strengthen their financial condition and sustain their financial services to smaller community financial intermediaries.
Eligible organizations to apply for developmental deposits are secondary cooperatives/cooperative federations, cooperative banks and rural banks.
Maturity: 1-3 years
Terms of payment: Monthly payment for interest
EQUITY
Equity is the venture capital of FSSI to a social enterprise.
GRANT
Grant assistance is provided to civil society organizations (CSOs) and CSO-based social enterprises that are involved in initiatives towards economic viability, ecological soundness and social equity. Grants can be classified as:
- Start-up enterprise grant
- Capacity building grant
- Advocacy grant
Eligibility: NGOs, POs, Cooperatives
HOW DOES FSSI SUPPORT HELP THE COMMUNITY?
FSSI
Resource Institution
Loans Grants Equities Developmental deposits Capacity building Consultation
Social Enterprise
Cooperatives SMEs NGOs POs
Employment Training Dividend Patronage refund Network
Community
Farmers Fishers Indigenous People Persons w/ Disabilities Women Enterprising Poor