Thursday March 11 2010

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MICRO-PLUS as Micronomore

micronomore-as-micro-plusConsistent with the development perspective of bringing micro-entrepreneurs to the next level of economic growth, a new financial product was recently piloted to 3 cooperatives, namely: Lamac Multi-Purpose Cooperative, Metro Ormoc Community Cooperative and Paglaum Multi-Purpose Cooperative.

This SME financing product, named as Micro-Plus, is designed for the partners’ microfinance graduates who have successfully increased their asset size and expanded their business reach. Borrower Risk Rating (BRR) System, used by Small Business Corporartion (SBC) and several banks, is employed in selecting clients for the MICRO-PLUS.

It is a co-financing facility offered by SEEDFINANCE to partner institutions with existing SME clients. MICRO-PLUS is expected to be rolled-out nationwide on August 2009. Final product orientation with BRR and SME training was held on February 11-14 in Cebu City, Philippines.

Posted on April 17, 2009
Events, Investments, Micronomore | Leave a Comment

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