The BSP initiated the CSF Program in August 2008 as a credit innovation for MSMEs that cannot access bank credit due to lack of acceptable collaterals and credit information.
The CSF, through the issuance of a surety agreement, allows cooperatives and businessmen with viable business plans but limited capital to obtain loans from banks even in the absence of hard collaterals.
THE BANGKO Sentral ng Pilipinas-initiated Credit Surety Fund (CSF
) is a big help to micro, small and medium-sized enterprises (MSMEs), but it needs to be improved to provide a more solid boost to the Philippine economy, according to the Asian Development Bank (ADB).
Specifically titled "An Act Providing for the Creation and Organization of Credit Surety Fund Cooperatives to Manage and Administer Credit Surety Funds to Enhance the Accessibility of Micro, Small and Medium Enterprises, Cooperatives and Nongovernment Organizations to the Credit Facility of Banks and for Other Purposes", the new law institutionalizes the Credit Surety Fund (CSF
) Program initiated by the BSP in 2008 to help unbankable MSMEs gain access to formal sources of credit.
Johnson, Scholes and Whittington present CSFs
chiefly as "performance differentials"--things that will enable an organisation to win customers or supply the market more efficiently.
* Identify the CSFs
. A CPA or financial manager should help a company choose the most important one for each objective.
By the time the CSF
or Tricast formula has finished with them, what start out as SPs end up as something very different.
Ongoing studies in Australia, West Germany and the United States indicate that CSFs
accelerate bone marrow recovery in patients receiving radiation or chemotherapy.
is a credit enhancement program for micro, small and medium enterprises (MSMEs) that cannot access bank credit due to lack of hard collaterals and credit history.