Early-stage social ventures in the Philippines committed to the U.N.’s Sustainable Development Goals can tap close to $2 million from the U.N.
Development Programme’s regional Social Impact Fund and the government of Australia. A local bank to issue small loans of up to $150,000.
Startups need only have a business “blueprint” to be eligible for a loan and technical support. The purpose is to help social entrepreneurs in the Philippines “grow their operations and attract investments from global and local impact investors.”
Repayment timelines for the loans will range from five to six years.