Mechanics of the Program

Fund Administration
A Project Implementation Committee (PIC) composed of representatives from PBSP, Department of Finance, Department of Trade and Industry, Chamber of Thrift Banks, Rural Bankers Association of the Philippines, Land Bank of the Philippines, and Development Bank of the Philippines provides policy guidance for the program.










 

1. The Project Implementation Committee (PIC) approves the accreditation of Intermediary Financial Institutions (IFIs) upon the recommendation of the Project Management Team.
2. Accredited IFIs submit to PBSP-SMEC the subloan schedules in support of drawings against their credit lines.
3. PBSP releases the loan proceeds through a Trustee bank to the IFIs, which shall in turn, relend the same funds to eligible sub-borrowers.



For more information, contact:

The Executive Director
Philippine Business for Social Progress
or
The Group Director
Philippine Business for Social Progress -
Small and Medium Enterprise Credit

Telephone: (632) 527-7741 to 51
Fax: (632) 527-3743
Email: pbsp@pbsp.org.ph / smec@pbsp.org.ph
Web: www.pbsp.org.ph



 

“Before SMEC, we considered loans to SMEs as high risk. But SMEC funds made us very liquid and we could afford to reach out to them.”

- Virgilio Morada,
Lipa City Development Bank, Batangas