Philippine Guarantee Corporation
Last updated on 24 Feb 2024
Key facts
Development bank of the Philippines, which acts as an export credit agency. The previous ECA, PhilEXIM, was incorporated into this entity in 2018.
22nd - 24th Floors, BPI Philam Life Makati
6811 Ayala Avenue, Makati City
1209 Metro Manila
Philippines
+63 532-28137
www.philguarantee.gov.ph
6811 Ayala Avenue, Makati City
1209 Metro Manila
Philippines
+63 532-28137
www.philguarantee.gov.ph
PUBLIC
1977
Credit rating (sovereign) (S&P)
BB+
Foreign currency
Country trade data
2021 top export sectors
Machinery/electrical
63%
Metals
6%
Vegetable products
5%
Food products
4%
Transportation
3%
2022 export destinations
Products
- A guarantee facility that provides support to the financing needs of MSMEs granted by eligible lenders
- First loss guarantee, but a pro-rata risk guarantee of losses after reasonable collection efforts
- Eligibility:
- Eligible borrowers include companies involved in exports and import substitution
- Debt-to-Equity of a borrower shall not exceed 3:1 after financing
- Working capital or capital expenditure
- Cover:
- 50% for working capital
- Amount: Maximum of PHP 50 million per borrower
- Tenor:
- Term of loan: 10 years
- Term of guarantee: 1 year
- Fees:
- Guarantee fee of 1.25% p.a.
- Origination fee based on loan amount
- Amendment fee
- Medium- and large-enterprises credit guarantee facility:
- Loan guarantees for working capital (50% cover) and capital expenditures (80% cover)
- List of eligible sectors includes healthcare, logistics, utilities, and transportation
- Loan amounts between PHP 50 million and PHP 300 million
- Other priority sector guarantee programs include guarantee programs for power and green energy sectors
- Additional guarantee products are offered in the housing and agriculture sectors
News
- 2023: PHILGUARANTEE and the Center for Agriculture and Rural Development (CARD) partner to support agriculture sector
