flc ksa jeddah ppt [compatibility mode]
DESCRIPTION
TRANSCRIPT
![Page 1: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/1.jpg)
Financial Literacy CampaignFinancial Literacy Campaign
The Philippine Consulate GeneralThe Philippine Consulate GeneralJeddahJeddah
Kingdom of Saudi ArabiaKingdom of Saudi Arabia24 April 200924 April 2009
![Page 2: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/2.jpg)
InvocationInvocation
![Page 3: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/3.jpg)
National AnthemNational Anthem
![Page 4: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/4.jpg)
Welcome RemarksWelcome Remarks
Consul General Ezzedin H. TagoConsul General Ezzedin H. TagoPhilippine Consulate GeneralPhilippine Consulate General
JeddahJeddah
![Page 5: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/5.jpg)
Audio Visual PresentationAudio Visual Presentation
Paghahanda Sa KinabukasanPaghahanda Sa Kinabukasan
![Page 6: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/6.jpg)
The BSP’s The BSP’s Financial Learning Financial Learning Campaign (FLC)Campaign (FLC)
DEPUTY GOVERNOR DIWA C. GUINIGUNDODEPUTY GOVERNOR DIWA C. GUINIGUNDO
2222--25 April 200925 April 2009
Kingdom of Saudi ArabiaKingdom of Saudi Arabia
![Page 7: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/7.jpg)
88
OutlineOutline
I.I. ImportanceImportance ofof RemittancesRemittances
II.II. SignificanceSignificance ofof FinancialFinancial PlanningPlanning
III.III. TypesTypes ofof FinancialFinancial InstrumentsInstruments
IV.IV. Source of Financing for Business Source of Financing for Business
![Page 8: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/8.jpg)
11
Importance ofImportance ofRemittances Remittances
![Page 9: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/9.jpg)
Benefits of RemittancesBenefits of Remittances
•• Promote economic activity through higher Promote economic activity through higher consumption consumption
•• Generate employmentGenerate employment
•• Increase foreign exchange supplyIncrease foreign exchange supply
•• Contribute to savingsContribute to savings
•• Provide Provide additional funds for the governmentadditional funds for the government
![Page 10: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/10.jpg)
Remittances can be harnessed for investments, in theform of:
� human resource capital investments through education and
health care for beneficiaries;
� physical capital investments through acquisition of real
properties, including land purchases and home construction;
� financial capital investments through savings in bonds and
other financial instruments; and
� investments in business ventures such as in small- and
micro- enterprises (SMEs).
1111
![Page 11: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/11.jpg)
22
Significance ofSignificance ofFinancial PlanningFinancial Planning
![Page 12: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/12.jpg)
1313
ImportanceImportance
1.1. ToTo savesave forfor thethe futurefuture
2.2. ToTo acquireacquire protectionprotection againstagainst unforeseenunforeseenuntowarduntoward eventsevents
3.3. ToTo achieveachieve financialfinancial independenceindependence
FINANCIAL PLANNINGFINANCIAL PLANNING
![Page 13: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/13.jpg)
Three STEPS to achievingThree STEPS to achievingFINANCIAL FREEDOMFINANCIAL FREEDOM
11PlanPlan
22SaveSave
33InvestInvest
![Page 14: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/14.jpg)
SettingSetting--up Family Goalsup Family GoalsFamily goals are usually centered on the following:
a. Education
b. Housing
c. Health
d. Retirement
e. Protection against unforeseen events
![Page 15: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/15.jpg)
YOUR FINANCIAL PLANYOUR FINANCIAL PLAN
IMMEDIATELYIMMEDIATELY
Graduation FundGraduation Fundfor Child 1for Child 1
(P 50K)(P 50K)
2 years2 years
Build DreamBuild DreamHouseHouse
(P 3 Mn.)(P 3 Mn.)
10 years10 years
Funds forFunds forBusinessBusiness
UndertakingUndertaking(P 100K)(P 100K)
TIMELINETIMELINE
LIFE LIFE GOALSGOALS RetirementRetirement
FundFund(P 3 (P 3 MnMn.).)
20 years20 years
� Create a timeline on when you want it to happen
� Specify amount needed
![Page 16: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/16.jpg)
Why Families are not able to SaveWhy Families are not able to Save
a. Dependency on family member working overseas
b. Luxurious lifestyle
c. Other family issues that drain resources
� Early marriage� Family break-up� Lack of interest in school� Personal problems, vices
![Page 17: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/17.jpg)
1818
FINANCIAL PLANNINGFINANCIAL PLANNING
Income Income –– Expense = Expense = Savings Savings
Income Income –– Savings = Savings = ExpenseExpense
��������
��������
![Page 18: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/18.jpg)
1919
April 2009April 2009
IncomeIncome
Target Savings Target Savings xxxxxx
ExpensesExpenses
FoodFood
School AllowanceSchool Allowance
Electricity Electricity
WaterWater
TransportationTransportation
ClothingClothing
EntertainmentEntertainment
OthersOthers
Can be used for:Can be used for:
1.1. Tuition feesTuition fees
2.2. HousingHousing3.3. InvestmentsInvestments4.4. Business Business
ventureventure
![Page 19: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/19.jpg)
33
Types of Financial Types of Financial InstrumentsInstruments
![Page 20: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/20.jpg)
PESO REMITTANCEPESO REMITTANCE
CONSUMPTIONCONSUMPTION SAVINGSSAVINGS SMEs/MICROFINANCESMEs/MICROFINANCE
Bank instruments (TD/SD/Bank instruments (TD/SD/
Mutual funds/UITF)Mutual funds/UITF)
Savings in CooperativesSavings in Cooperatives
TD/SDTD/SD
Treasury instrumentsTreasury instruments
TT--bills, RTBs, Tbills, RTBs, T--notesnotes Stock MarketStock Market
Insurance (life, nonInsurance (life, non--life,life,
Education, pension)Education, pension) Real EstateReal Estate
OthersOthers
AgriAgri--businessbusiness
Retail businessRetail business
Lending businessLending business
OthersOthers
2121
![Page 21: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/21.jpg)
2222
1.1. Savings DepositSavings Deposit
2.2. Time Deposit Time Deposit
3.3. TreasuryTreasury--bills bills
4.4. Retail treasury bonds (RTBs) Retail treasury bonds (RTBs)
5.5. LongLong--term Negotiable term Negotiable Certificates of Deposit Certificates of Deposit (LTNCD) (LTNCD)
LOWER YIELD BUT LOWER YIELD BUT GUARANTEED RETURN GUARANTEED RETURN
OF PRINCIPALOF PRINCIPAL
HIGHER YIELD BUT NO HIGHER YIELD BUT NO GUARANTEED RETURN OF GUARANTEED RETURN OF
PRINCIPALPRINCIPAL
1.1. MutualMutual FundsFunds
2.2. UnitUnit InvestmentInvestment TrustTrustFundsFunds (UITFs)(UITFs)
3.3. StocksStocks
4.4. InsuranceInsurance
![Page 22: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/22.jpg)
RTBs TBills UITFs Mutual Funds
Variable Insurance
Who May Buy
Individual
Institutional
Where to Buy
GSEDs GSEDs Banks •Brokers
•Banks
•Ins.
agents
Insurance
cos.
Minimum Investment
P5,000 P100,000 P10,000 P1,000 ---
�������� �������� �������� �������� ��������
�������� ����������������
INVESTMENT INSTRUMENTS
As of February 6, 2009
![Page 23: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/23.jpg)
RTBs TBills UITFs Mutual Funds
Insurance
Yield Fixed-
rate
coupons
Zero
coupon
NAVPU NAVPS NAVPU
Guaranteed Return of Principal
Yes Yes No No No
Tax Feature 20% 20% 20% --- ---
Holding Period
3 and 5
years
91-, 82-,
364- days5 to 365
days
--- ---
INVESTMENT INSTRUMENTS
![Page 24: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/24.jpg)
RETAIL TREASURY BONDSRETAIL TREASURY BONDS
P30,000P30,000(investment)(investment)
x 5.875%x 5.875%(coupon rate p.a.)(coupon rate p.a.)
x 5 yearsx 5 years = = P8,812.50P8,812.50(total income)(total income)
AfterAfter--tax Income:tax Income:
Example: 5Example: 5--year RTB with 5.875% coupon rateyear RTB with 5.875% coupon rate
P8,812.50P8,812.50(total income)(total income)
-- P1,762.50 P1,762.50 */*/
(20% tax)(20% tax)
= = P7,050.00P7,050.00
*/ Credited quarterly
![Page 25: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/25.jpg)
RETAIL TREASURY BONDSRETAIL TREASURY BONDS
Quarterly Coupon:Quarterly Coupon:
÷÷ 2020(# of quarters in 5 years)(# of quarters in 5 years)
= = P352.50P352.50/quarter/quarter
Return on Investment:Return on Investment:
= = P352.50P352.50 (proceeds per quarter)(proceeds per quarter) x x 100100P30,000P30,000 (initial)(initial)
P7,050.00P7,050.00(after(after--tax income)tax income)
= = 1.18% 1.18% per quarter for a 5per quarter for a 5--year RTB, year RTB, 5.875% coupon rate5.875% coupon rate
![Page 26: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/26.jpg)
TREASURY BILLSTREASURY BILLS
Selling PriceSelling PriceFormula: Formula: SP = PP + [(PP) (SP = PP + [(PP) (ii) (h/360)]) (h/360)]ii = (SP = (SP –– PP) / PP x (360/h)PP) / PP x (360/h)
Where,Where,SP: selling priceSP: selling pricePP: purchase price PP: purchase price */*/
ii : yield for holding period: yield for holding periodh : holding period h : holding period
*/*/ Calculated based on present value formulaCalculated based on present value formula
![Page 27: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/27.jpg)
TREASURY BILLSTREASURY BILLS
= = P18,005.25P18,005.25(discount/interest (discount/interest
earned)earned)
AfterAfter--tax Interest Earned:tax Interest Earned:
Example: 91Example: 91--day Tday T--bill at 13% yieldbill at 13% yield
P18,005.25P18,005.25(discount/interest earned)(discount/interest earned)
-- P3,601.05P3,601.05(20% tax)(20% tax)
= = P14,404.20P14,404.20
-- P981,994.75P981,994.75(selling price)(selling price)
P1,000,000.00P1,000,000.00(investment)(investment)
![Page 28: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/28.jpg)
TREASURY BILLSTREASURY BILLS
Return on Investment:Return on Investment:
= = P1,014,404.20P1,014,404.20 (proceeds)(proceeds) –– P1,000,000 P1,000,000 (initial)(initial) x x 100100P1,000,000P1,000,000 (initial)(initial)
= = 1.44% 1.44% for a 91for a 91--day Tday T--bill, 45bill, 45--day holding period, 13% yieldday holding period, 13% yield
![Page 29: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/29.jpg)
UNIT INVESTMENT TRUST FUNDUNIT INVESTMENT TRUST FUND
= 86,365.71= 86,365.71(units of participation)(units of participation)
Example: 30Example: 30--day UITFday UITF
÷÷ 1.1578671.157867(NAVPU)(NAVPU)
P100,000.00P100,000.00(initial investment on (initial investment on
Feb. 20, 2009)Feb. 20, 2009)
1.18671.1867(NAVPU)(NAVPU)
x 86,365.71x 86,365.71(units of participation)(units of participation)
P102,490.19 =P102,490.19 =(proceeds on investment (proceeds on investment
on March 22, 2009)on March 22, 2009)
![Page 30: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/30.jpg)
Return on Investment:Return on Investment:
= = P102,490.19P102,490.19 (proceeds)(proceeds) –– P100,000P100,000 (initial)(initial) x 100x 100P100,000P100,000 (initial)(initial)
= = 2.49% 2.49% for a 30for a 30--day UITFday UITF
UNIT INVESTMENT TRUST FUNDUNIT INVESTMENT TRUST FUND
![Page 31: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/31.jpg)
MUTUAL FUNDMUTUAL FUND
= 81,030.71= 81,030.71(shares)(shares)
Example: 60Example: 60--day Mutual Fundday Mutual Fund
÷÷ 1.23411.2341(NAVPS)(NAVPS)
P100,000.00P100,000.00(initial investment on (initial investment on
Feb. 20, 2009)Feb. 20, 2009)
1.26261.2626(NAVPS)(NAVPS)
x 81,030.71x 81,030.71(shares)(shares)
P102,309.37 =P102,309.37 =(proceeds on investment (proceeds on investment
on April 21, 2009)on April 21, 2009)
![Page 32: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/32.jpg)
MUTUAL FUNDMUTUAL FUND
Return on Investment:Return on Investment:
= = P102,309.37P102,309.37 (proceeds)(proceeds) –– P100,000 P100,000 (initial)(initial) x x 100100P100,000P100,000 (initial)(initial)
= = 2.31% 2.31% for a 60for a 60--day MFday MF
![Page 33: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/33.jpg)
MUTUAL FUNDSMUTUAL FUNDS
TypesTypesMedium to Medium to High RiskHigh Risk Low RiskLow Risk
Bond Funds (Fixed)
Money Market Funds
Equity (Stock Funds)
Balanced Funds
��������
��������
��������
��������
![Page 34: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/34.jpg)
= 12,500= 12,500(units of participation)(units of participation)
Example: OneExample: One--year Variable Insurance with a P750,0 00 face amountyear Variable Insurance with a P750,000 face amount
÷÷ 1.89241.8924(NAVPU)(NAVPU)
P23,655.00P23,655.00(regular annual premium (regular annual premium
payment on Jan. 10, payment on Jan. 10, 2009)2009)
1.98741.9874(NAVPU)(NAVPU)
x 12,500x 12,500(units of participation) (units of participation)
P24,842.50 =P24,842.50 =(proceeds on investment (proceeds on investment
on Jan. 10, 2010)on Jan. 10, 2010)
VARIABLE INSURANCE / INVESTMENT VARIABLE INSURANCE / INVESTMENT LINKED INSURANCELINKED INSURANCE
![Page 35: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/35.jpg)
Return on Investment:Return on Investment:
= = P24,842.50P24,842.50 (proceeds)(proceeds) –– P23,655P23,655 (initial)(initial) x 100x 100P23,655P23,655 (initial)(initial)
= = 5.02% 5.02% for a onefor a one--year Variable Insurance year Variable Insurance */*/
*/ */ Income could cover for future premiums Income could cover for future premiums
![Page 36: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/36.jpg)
44
SSource of ource of FFinancing inancing for for BBusiness usiness
![Page 37: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/37.jpg)
MICROFINANCE 101MICROFINANCE 101Broad range of financial services such as deposits, loans, payment services, money transfers and insurance products offered to the poor and low-income households for their small enterprises.
Unique Characteristics:• Open to small savers or micro-borrowers• Approval and disbursement of loans are fast • Individual borrowers can avail of loans • Grant of loans based on the borrowers’ and household’s expected project cash flow
• Small loans ranging from as low as P2,000-P5,000 to a maximum of P150,000 (collateral-free)
• Unsecured and short-term loans
![Page 38: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/38.jpg)
BanksBanksNo. of No. of BanksBanks
Micro Loans PortfolioMicro Loans Portfolio Savings Savings Component Component (in millions)(in millions)Amount Amount
(in millions)(in millions)No. of No. of
BorrowersBorrowers
Microfinance Oriented Banks
Rural Banks 5 724.10 128,494 445.76Thrift Banks* 4 192.93 57,780 57.95
TOTAL 9 917.02 186,274 503.70
“Regular” Banks with Microfinance Operations
Rural Banks 167 4,046.63 580,532 1,073.99
Cooperative Banks 25 913.28 88,198 167.34
Thrift Banks 19 342.53 10,170 4.04
TOTAL 211 5,302.44 678,900 1,245.37
TOTAL 220 6,219.46 865,174 1,749.07
SNAPSHOT OF MICROFINANCE IN THE BANKING SECTOR SNAPSHOT OF MICROFINANCE IN THE BANKING SECTOR (As of 31 December 2008)(As of 31 December 2008)
![Page 39: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/39.jpg)
CREDIT SURETY FUND PROGRAMCREDIT SURETY FUND PROGRAM
4040
• Allows MSMEs who are members of a cooperative to gain access to credit from banks in the absence of acceptable hard collaterals.
• MSMEs defined (under Small and Medium Enterprise Development Council Resolution No. 01 Series of 2003 dated 16 January 2003)
By Asset Size:Micro : Up to Php 3,000,000Small : Php 3,000,001 -- Php 15,000,000Medium : Php 15,000,001 -- Php 100,000,000Large : above Php 100,000,000
Based on the number of employees:Micro : 1 -- 9 EmployeesSmall : 10 -- 99 Employees Medium : 100 -- 199 EmployeesLarge : More than 200 Employees
![Page 40: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/40.jpg)
CREDIT SURETY FUND PROGRAMCREDIT SURETY FUND PROGRAM
4141
• A multi-sectoral program composed of:
- Creation of a trust fund that will serve as security for the loans:(1) national government through the Industrial Guaranty and Loan Fund (IGLF)(2) the local government led by the Provincial Governor(3) MSMEs under the cooperatives
- Provision of loans:(4) participating banks
- Provision of rediscounting for up to 80% for the MSME loans(5) Bangko Sentral ng Pilipinas (BSP)
![Page 41: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/41.jpg)
CREDIT SURETY FUND PROGRAMCREDIT SURETY FUND PROGRAM
4242
• Granting of Loans:
- Managed and administered at the provincial level to be more responsive to the credit needs of the MSMEs in each province.
- Loans to be approved by the CSF Oversight Committee
- Loanable amount: depends on the evaluated project loan proposal
- Interest rate: 8-12% per annum
- Additional fee: guarantee fee of 2-5% of the loan
- In case of borrower default, CSF will cover the debt while cooperatives will run after their members.
- Banks that extend loans secured by the CSF can rediscount up to 80% of such loans with the BSP.
![Page 42: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/42.jpg)
CREDIT SURETY FUND PROGRAMCREDIT SURETY FUND PROGRAM
4343
• Participating Banks:
- Allied Bank- United Coconut Planters Bank- Land Bank of the Philippines- Development Bank of the Philippines- BPI Family Bank- Rural and cooperative banks with rediscounting line with the BSP
![Page 43: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/43.jpg)
CREDIT SURETY FUND PROGRAMCREDIT SURETY FUND PROGRAM
4444
• Provinces that launched the program:- Cavite- Aurora- Bohol
• Provinces to replicate the program:- Davao City- Davao del Sur- Cotabato- Batangas- Bulacan- Laguna- Quezon- Mindoro
![Page 44: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/44.jpg)
The Financial Learning Campaign is a flagship program of the BSP to promote Financial Planning, Savings and Investments
![Page 45: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/45.jpg)
PERANG PADALA, BIGYAN PERANG PADALA, BIGYAN NG HALAGA,NG HALAGA,
TIPIRIN, PALAGUIN AT TIPIRIN, PALAGUIN AT PAGYAMANIN,PAGYAMANIN,
PARA MAGANDA PARA MAGANDA KINABUKASAN NATINKINABUKASAN NATIN !!
4646
![Page 47: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/47.jpg)
Audio Visual PresentationAudio Visual Presentation
EntrepinoyEntrepinoy
![Page 48: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/48.jpg)
Remittance & Investment Remittance & Investment Protection TipsProtection Tips
Dottie M. BernasDottie M. BernasBank Officer IIIBank Officer III
Bangko Sentral ng PilipinasBangko Sentral ng Pilipinas
![Page 49: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/49.jpg)
Open ForumOpen Forum
Rosabel B. GuerreroRosabel B. GuerreroDeputy DirectorDeputy Director
Bangko Sentral ng PilipinasBangko Sentral ng Pilipinas
![Page 50: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/50.jpg)
Closing RemarksClosing Remarks
Juanita D. AmatongJuanita D. AmatongMonetary Board MemberMonetary Board MemberBangko Sentral ng PilipinasBangko Sentral ng Pilipinas
![Page 51: Flc Ksa Jeddah Ppt [Compatibility Mode]](https://reader034.vdocuments.mx/reader034/viewer/2022051314/54c957b24a79590d1c8b45a7/html5/thumbnails/51.jpg)
Thank YouThank You