LOAN PORFOLIO OF THE DEVELOPMENT BANK OF THE PHILIPPINES DISCUSSED BY MR. ENRICO R. LANZANAS, JR OF DBP

Our guest speaker last August 27, 2008, MCCI General Membership Meeting is from the Development Bank of the Philippines. He has thoroughly discussed with the members, present, the Loan Porfolio of the DBP.

The Loan Features are:

Eligible Loan Purposes

All project-related expenditures;
For LGUs, funding may be for common service facilities (including but not limited to, farm to road networks, markets, pasalubong centers, OTOP display centers, terminals, warehousing facilities, machineries and equipment, etc.) for the benefit of the OTOP entrepreneurs, in the locality. LGUs may use loan proceeds for relending to DTI-assisted OTOP entrepreneurs.

Amount of Loan

Up to 90% of project cost, depending on fund source and borrowing capacity;
For LGUs loan amount shall based on limitations borrowings set forth by the Local Government Code.

Funding Source

IGLF/SSS/ODA Funds/Bank Funds, depending on project eligibility

Repayment Term

Term of the loan shall be based on projected cashflows, but not to exceed:

180 days for export packing credit.
One (1) year for production credit.
Five (5) years for permanent working capital
Ten (10) years for capital expenditures.
Maximum grace period shall not exceed 1 year for working capital and 3 years for fixed asset acquisition/building construction.

Interest Rate

8% to 10% per annum; fixed for 3 years; depending on Borrower Risk Rating (BRR);
With premium of 1% for loans over 3 years up to 5 years and 2% for loans over 5 years.

Mode of Payment

Loan shall be payable monthly, quarterly or semi-annually depending on the cashflow of the project.

Collateral

The loan shall be secured by any or a combination of the following:

Real Estate/Chattel Mortgage.
Hold-out on deposit.
For LGUs, Deed of Assignment of specified portion of IRA.
Co-marketship, Joint and Solidary signature.
Assignment of project income, Purchase Orders, export receivables, etc.
Guarantee from Philexim/SBGFC/LGUGC/ endorsing organization. The strength of cash flow and cash capture mechanism shall be the overriding considerations in requesting waiver of the collateral requirement.

The general membership meeting also included the participation of the following; 1st Vice President Moralde B. Arrogante (Emce & Welcome Remarks), Exec. Dir. Bernie M. Olalia (Introduction of Special Guest), Mr. Jun Angeles of A-Z Direct Mrktg., Corp. (Introduction of Special Guest).

BIRTH DAY CELEBRANTS FOR THE MONTH OF SEPTEMBER

ERNESTO Z. MEDINA--------------------Sept. 03
Adviser and Consultant
Majesty Guards, Inc.

REMEDIOS A. GUDA---------------------Sept. 06
Finance & Admin. Manager
LITTON & COMPANY, INC.

GIRLIE M. PAMATMAT-------------------Sept. 10
General Manager
THE CULINARY EXCHANGE, INC.

VANESSA SUATENGCO--------------------Sept. 14
Resident Manager
EDSA SHANGRILA - MANILA

ANTONIO M. CLAPAROLS-----------------Sept. 14
President
JRS BUSINESS CORPORATION

REN A. PARAS-------------------------Sept. 17
Asst. Marketing Manager
JJED PHILIPPINES, INC.

ARLENE I. REYES----------------------Sept. 18
Operating Manager
LIFELINK, INCORPORATED

EDUARDO T. FRONDOSO------------------Sept. 20
Director
SUPERIOR GAS & EQUIPMENT CO. INC.

LUIS MIGUEL M. ROCES-----------------Sept. 20
President
THE CULINARY EXCHANGE, INC.

RICHARD L. LEE-----------------------Sept. 26
President
UNIVERSAL MOTORS CORPORATION

RODRIGO T. JANEO, JR.----------------Sept. 26
AVP-Marketing
UNIVERSAL MOTORS CORPORATION

MILAGROS S. CALAQUIAN----------------Sept. 28
Administrative Manager
PRIMEX PRINTERS, INC.

JONATHAN L. GO-----------------------Sept. 29
Chairman/President
AIMOGO, Inc.

MA. TERESITA S. HIPOLITO-------------Sept. 30
Executive Vice President
LIFELINK, INCORPORATED

BOWLING TOURNAMENT SCHEDULE

September 11, 2008---(Thursday)---7:00 pm---SM Megamall Bldg. A Bowling Center

September 18, 2008---(Thursday)---7:00 pm---SM Megamall Bldg. A Bowling Center

September 25, 2008---(Thursday)---7:00 pm---SM Megamall Bldg. A Bowling Center

October 9, 2008------(Thursday)---7:00 pm---SM Megamall Bldg. A Bowling Center

October 16, 2008-----(Thursday)---7:00 pm---SM Megamall Bldg. A Bowling Center

CALTEX-MCCI-MBF MENTOR PROGRAM Mandaluyong Chamber of Commerce and Industry (MCCI)

Your Chamber in partnership with Chevron Phils., Inc. and the Mandaluyong Business Foundation recently successfully concluded its 7th Reading Mentor Program with the Hulo Elementary School from August 2 to 30, 2008 for four (4) consecutive Saturday mornings. 65 non-readers from Grade 2,3 and 4 participated in the program mentored one-on-one by 55 volunteers from MCCI member companies. Pos-tests conducted showed a 52% improvement for Grade 2 students and 90% for Grade 3 and 4 participants. The parents of these 65 students also joined the Educhild Parenting Course on how to be better parents for their children. At the end of five (5) sessions, the parents were awarded a certificate of participation given by Educhild Foundation Inc.

The following MCCI member firms participated in the just concluded mentor program:

Seven (7) participants from Edsa Shangri-la Hotel
Two (2) participants from Philippine General Merchandising Corp.
Fourteen (14) participants from Pharma Dynamic Inc. Eleven (11) participants from A-Z Direct Mrktg., Corp.
Two (2) participants from Primex Printer, Inc.
Five (5) participants from Pacific Concord, Inc.
Two (2) participants from San Felipe Neri Church c/o Mr. Bernie Olalia
One (1) participant from JRU

Future Public Elementary Schools in Mandaluyong to be visited by the MCCI-MBF-Caltex Program within the year will be Nueve De Pebrero Elementary School and Isaac Lopez Integrated School.