Wednesday, June 28, 2017
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Accreditation for New Program Partner

Type of Service  :  Accreditation of New Program Partner and Approval of Credit Facility
Type of Client    :  Rural Financing Institutions, Cooperatives, and Non-Government Organizations
Standard Processing Time : 30 – 45 Days

Step No.

Activity

Responsible Person

Responsible Unit

Time Frame

Forms / Needed Output

1

Client submits Pre-Evaluation Questionnaire (PEQ) to NLDC

Applicant / Potential Client

 

 

Filled-up PEQ and other Loan Documents such as:

  • Registration and Incorporations Papers
  • Board Resolution to Borrow and authorized signatories
  • Audited Financial Statements for the last 2-3 years and latest interim
  • History/Briefer about the organization
  • Data sheet of Board of Directors and Key Officers
  • Awards/Citations received from significant institutions

2

Review PEQ and check completeness of  submitted Loan Documents

Account Officer

AMED Unit covering the Client's area of operation

 4 hrs.

Table evaluation report to be submitted to Area Manager concerned

3

Conduct Organizational Assessment Analysis

Account Officer

AMED Unit covering the Client's area of operation

3 days

Call Report  covering :

  • Organizational History
  • Business Operation
  • Method of Micro-finance approach
  • Credit policies, Manual of Credit Operations,  Installed MIS
  • Financial/Accounting Records and System
  • Internal Control Systems
  • Collection System

4

Conduct CI/BI

Account Officer

AMED Unit covering the Client's area of operation

2 days

  • Character and Community-standing/ Affiliations  of Board of Directors and Key Officers
  • For Banks, Certificate of Good Standing from BSP
  • Current  Financial charges of client
  • Fidelity Bond of Key Officers
  • Trainings conducted for officers, staff and borrowers
  • Credit certifications from other creditors
  • Police and Court Clearance of Key Officers and Board of Directors

 

5

Prepare Credit Facility Proposal (CFP) and submit to Area Manager

Account Officer

AMED Unit covering the Client's area of operation

2 days

CFP and Loan Documents

6

Review and recommend CFP to AMED Head for Approval

Area Manager / AMED Head

AMED

1 day

CFP Signed by Area Manager and AMED Head

7

Approve Credit Facility Proposal

CRECOM
EXCOM
BOT

Depending on Amount of CFP:

CRECOM if  P30M and below

EXCOM if above P30M and less than P50M

BOT if  above P50M

Sched. is once a month

 

 

CRECOM/EXCOM/BOT Resolution Number

 

8

Notify Client

Account Officer / Loan Documentation Unit

 

1 day

Notice of Approval



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