Minimum Documentary Requirements1. Board Resolution duly signed by the Board of

Directors or Board of Trustees (whichever is applicable) or duly notarized Secretary’s Certificate: - Authorizing the Fl to borrow funds, negotiate

and enter into agreement with the Bank, and designating at least two (2) officers of the Fl {with their respective specimen signatures;

- Authorizing the designated signatories to sign, endorse loan documents, Deed of Assignments, Notes and other documents pertaining to the loan obtained from DBP;

2. List of lncumbent Members of the Board of Directors/Trustees and Principal Officers indicating therein their respective educational attainment and work experience as of recent date;

3. List of existing principal shareholders and their stockholdings (with 10%) or more of total shares;

4. Audited Financial Statements {FS) (i.e Balance Sheets and lncome Statements) for the past three (3) years and latest interim FS, which should not be more than six (6) months old;

5. Brief Company Profile;6. Articles of lncorporation/Corporation and By-laws

including amendments thereto, if any;7. Certificate of Registration with Securities and

Exchange Commission (SEC) and/or Certificate of Authority to Operate from the BSP (if applicable);

8. Deed of Assignment;9. Copy of year-end and latest quarterly Risk-Based

Capital Adequacy Ratio (RBCAR) Report as submitted to BSP; and

10. Borrower shall execute a Data Privacy Consent Form or Credit lnformation Authority.

Per Loan Availment:1. Promissory Note2. Disclosure Statement3. Notice of Availment4. Deed of Undertaking

During Liquidation:1. Utilization Report2. Supplement to Deed of Assignment

Additional documents may be requested by DBP to facilitate proper evaluation of the borrower’s loan application.

Lending Center:

For more information, please contact:

Rallen O. VerdaderoHeadProgram Development and Management II DepartmentTel. No.: (02) 8818-9511 local 3327E-mail: roverdadero@dbp.ph

Gracely Lux G. ItumProgram OfficerProgram Development and Management II DepartmentTel. Nos.: (02) 8818-9511 local 2330E-mail: glgitum@dbp.ph

The DBP RESPONSE-MSME RECOVERY is a sub-program of the Bank’s Rehabilitation Support Program on Severe Events

(RESPONSE) which is designed to help accelerate the recovery of MSMEs affected by the COVID-19 pandemic.

Created in compliance with Republic Act No. 11494 or the Bayanihan to Recover as One Act, the Development Bank of the Philippines (DBP) offers this low-interest loan program at flexible terms for the operating expenses of affected businesses, with priority given to those engaged in agri-fishery and non-essential businesses1, including but not limited to, start-ups and cooperatives.

Eligible BorrowersFinancial institutions (FIs) which provide credit to start-up or micro, small and medium enterprises (MSMEs) in agri-fishery and non-essential services: a. Rural banksb. Thrift banksc. Microfinance-oriented banksd. Non-Bank Financial lnstitutions (i.e. Cooperatives,

Microfinance lnstitutions, etc.)

Eligible sub-borrowers:Any duly registered micro, small and medium enterprises that are engaged in agri-fishery and non-essential services with preference for MSMEs, including start-ups and cooperatives

Eligible Loan Purposes- For re-lending to agri-fishery and MSMEs- Loan purpose of sub-borrowers must be for

working capital/financing of operational expense requirements only

Eligibility CriteriaMust meet the following minimum requirements:1. CAMELS rating of at least “3”2. Three (3) years track record of profitable operations3. Ratio of Past Due Loans or Non-Performing Loans

(NPL), whichever is applicable, plus items in litigation to Gross Loan Portfolio is not in excess of the industry average plus 2% for rural banks; or plus 5% for thrift banks, but not to exceed 25% based on the quarterly report of BSP

4. Positive results on yield cost gapping5. Minimum capital prescribed under X111.1 of

the MORB, and Capital Adequacy Ratio (CAR) as required under applicable and existing capital adequacy framework

6. Accredited by the Philippine Guarantee Corporation (Philguarantee) and all sub-loans should be guaranteed by Philguarantee (a mandatory requirement if not compliant with any of the items 1-5 above)

In no case shall an Fl with a negative capital position or with capital ratios below the BSP requirement (as applicable) be eligible under this Program.

Credit FacilityTerm Loan

Loanable AmountBased on the Fl’s computed borrowing capacity

lnterest Rate2.5% per annum fixed for three (3) years, provided that the lending rate to the sub-borrowers should be reduced by the equivalent of savings on cost of funds

Grace PeriodMaximum of twelve (12) months grace period on principal only

Loan TenorMaximum of three (3) years including grace period

Loan Security Conditionsa. FIs that cannot comply with the Risk Assessment

Acceptance Criteria (RAAC) or pre-qualifying criteria should be guaranteed by Philguarantee. Proceeds shall be endorsed in favor of DBP.

b. Assignment of sub-PNs at 100% of Principal amount. Custody of sub-PNs shall remain with the borrower. Substitution of fully paid sub-PNs or those that are past due is required.

Mode of ReleaseLump sum / Staggered

Standard FeesService fees - waivedGRT - for the account of the borrowerDST - for the account of the borrower1 Non-essential businesses are those that are not allowed to operate at

100% capacity under ECQ as defined by DTI Memorandum Circular No. 20-44 s. 2020.

DBP RESPONSE-MSME RECOVERY - Wholesale Lending