ADFIAP, partners meet to actualize MOA on green financing and advocacy

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Representatives of ADFIAP, the Development Bank of the Philippines (DBP) and the European Chamber of Commerce of the Philippines (ECCP) met at the ADFIAP Headquarters in Manila on April 18, 2012 to map out strategies to effectively undertake the roles of each organization covered under their recently signed Memorandum of Agreement (MOA) on green financing and advocacy. The initiative is envisioned to benefit small and medium enterprises (SMEs), local government units (LGUs) and green investors in the country.

Initially, although not exclusively, business membership organizations (BMOs) involved in the SMART Cebu project, i.e., those of the furniture, fashion accessories as well as the gifts, toys and housewares sectors, and their member-SMEs will be the beneficiaries of this tri-partite green program.

Salient points covered during the meeting include DBP’s provision to finance the marketing and promotional activities of these SMEs such as participation in international trade fairs, prototype production, and production of booked sales orders/purchase orders, which are among other areas identified as where the financing gap is. ECCP, for their part, will immediately conduct a survey to assess the demand for financing of the above activities, identify prospective borrowers, and serve as the main contact point of BMO members who are interested to avail of the DBP financing. ADFIAP, through its consulting arm, will take the lead in organizing hands-on financing workshops for prospective borrowers on project proposal preparation and loan requirement compliance to facilitate filing of loan applications. The first milestone that the partnership is aiming at is financing the collective participation of the SMART Cebu furniture companies in the Furniture Asia 2012 Expo in Shanghai on September 11-15, 2012.

The EU-grant funded SMART Cebu Project www.smartcebuproject.com/ aims to increase the competitiveness and productivity of Cebu SMEs through their respective BMOs by instituting sustainable consumption and production (SCP) related processes and practices in, among others, cleaner production, energy and resource efficiency, as well as to contribute to an overall greener environment of Cebu province. ADFIAP is part of a consortium of partners that is implementing the 3-year project.

Attending the meeting were DBP officials VP Paul Lazaro, AVP Annie Salayon and Ms. Marichelle Corachea; ECCP’s VP Gerry Constantino; and the ADFIAP Consulting Team of Ms. Cora Conde, Ms. Cecile Ibarra and Ms. Arlene Orencia.

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