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EXECUTIVE COMMITTEE MEETING ceo UPDATES

AUGUST 25, 2011 SEEDFINANCE OFFICE 10B7 FRANCESCA TOWERS. EXECUTIVE COMMITTEE MEETING ceo UPDATES. Assets. PhP678M AS OF 7-31-11 , UP BY PhP24M FROM PREVIOUS MONTH PHP155M INCREASE FROM YEAR-END 2010 PHP1M SHORT OF TARGET. Loans portfolio.

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EXECUTIVE COMMITTEE MEETING ceo UPDATES

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  1. AUGUST 25, 2011 SEEDFINANCE OFFICE 10B7 FRANCESCA TOWERS EXECUTIVE COMMITTEE MEETINGceoUPDATES

  2. Assets • PhP678M AS OF 7-31-11, UP BY PhP24M FROM PREVIOUS MONTH • PHP155M INCREASE FROM YEAR-END 2010 • PHP1M SHORT OF TARGET

  3. Loans portfolio • PHP444M A/O 7-31-11, UP BY PHP21M FROM PREVIOUS MONTH • PHP44M NET INCREASE FROM YEAR-END 2010 • PHP74.6M SHORT OF TARGET • PORTFOLIO QUALITY AT <3.25% PAR • APLL COVER AT 100%

  4. Liabilities / funding • INCREASE OF PHP119M FROM DECEMBER 2010 LEVEL • TOTAL APPROVED LINES : PHP600M • OUTSTANDING BALANCE: PHP581M • AVAILABLE BALANCE: PHP19M • RECENTLY APPROVED: US$1M FROM INCOFIN

  5. Other funding updates • SYMBIOTICS LINE REVIEW RECENTLY CONCLUDED A/O AUGUST 19, 2011 • PNB INVESTMENT BACK TO SQUARE ONE • ARE WE OPEN TO PHP40M INVESTMENT IN COMMON & THE REMAINING IN TERMS OF CO-FINANCING FACILITY • INCOFIN POSSIBLE TO PROVIDE GRANTS ALSO FOR T.A. TO BOTH SEEDFINANCE & SEEDFINANCE PFIs UNDER ITS RURAL OUTREACH FUND • SEEDFINANCE MAY BE ELIGIBLE FOR T.A. GRANT AFTER THE FIRST YEAR OF RELATIONSHIP, EVEN FOR OTHER MICROFINANCE RELATED INITIATIVES E.G. SUSTAINABLE DEVELOPMENT, FAIR TRADE, ETC.

  6. Equity • AT PHP87.5M A/O 7-31-2011 • INCREASE OF PHP35M FROM YEAR-END 2010 • PHP10M CONVERSION BY CARE

  7. Income • NET INCOME BEFORE TAX & DIVIDENDS OF PHP6.9M A/O 7-31-11 • SUBSTANTIAL CONTRIBUTION OF FOREX GAINS TO INCOME (PHP1.5M) • 10.5% OF ABOVE NET INCOME FROM CONSULTANCIES (PHP725K) • PHP2.9M OVER PROJECTED PHP4M

  8. Ratios • ROE – 12.6% • ROA – 1.16% • PORTFOLIO YIELD – 13% • D:E RATIO – 6.7% • CAR – 13.2%

  9. SMART IAP & SMARTowns • LAMAC MPC 18 BRANCHES ACCREDITED IN IAP • OCCCI FOR ACCREDITATION IN IAP • SMART MONEY FOR LOANS PILOTED AT FCCT BANTAYAN • IAP EXPANSION TO LUZON & TO PARTNER-RBs • IAP EXPANSION TO MIMAROPA • CONTINUING SMART COMMUNICATIONS SUPPORT IN MARKETING & PERSONNEL REQUIREMENTS

  10. ENCASH ATM Banking • ON DSWD 4Ps/CONVERGENCE PROGRAM, MAPPING OF SEEDFINANCE PFIs’ AREAS VIS-À-VIS 4Ps TARGET AREAS BEING FINALIZED • MOA WITH DSWD, LBP BEING PREPARED • SIPMPC ENROLLING IN HCBS • DMPC RECONSIDERING ON HCBS

  11. SF-MAX • ONGOING • KSBANK MOPP • SOEMCO MOPP • ASEMCO MOPP • BLAMPC MOPP • GMPC MOPP • PMEF VALIDATION/ASSESSMENT • VALUE CHAIN FINANCING FOR LMPC W/ PLANET • UPCOMING • RUMEPP CAPACITY BUILDING PROJECT THROUGH SBC • GDMPC ORE-LDP, WITH POSSIBLE GRANT FROM INCOFIN • CHANGE MANAGEMENT FOR 3 PCFC PARTNERS, THROUGH PDTF • VALUE CHAIN FINANCING T.A. FOR FCCT with PLANET FINANCE

  12. Social Performance Management • OIKO, MCPI, SF TO DO WORKSHOP FOR 3 SF-PFIs – ICTUS, FCCT, DMPC – FOR FINAL ACCREDITATION OF SF AS PROVIDER FOR SPM TRAINING • STRATEGY WORKSHOP FOR EACH, THEN ASSESSMENT OF SPM READINESS, THEN ONE PRIORITY CLIENT PROTECTION PRINCIPLE TO BE ADDRESSED BY EACH PFI • AFTER EACH PFI ASSESSMENT, SF TO SEE IF USE OF THE PROGRESS OUT OF POVERTY INDEX (PPI) MAY BE APPLICABLE • GRAMEEN FOUNDATION PHIL PROPOSAL FOR PPI IMPLEMENTATION, 2 YEARS, FOR SF & SELECT PARTNERS, FOR US$15K • OUTREACH MAPPING CONSULTATION AMONGST OIKO, ICCO, MCPI, PUNLA, GF-PHIL, SF UPCOMING SEPT 12 • FINANCIAL & SOCIAL RATINGS FOR 4 PFIs IN SPM IMPLEMENTATION ALMOST FINISHED • MICROFINANZA – DUMANJUG, MARANDING • PLANET RATING – GATA DAKU, PAGLAUM

  13. Mobile-BEAT • PHASE 1 WITH MCPI & MICRA DONE • PHASE 2 BEING READIED IN LINE WITH EXPANSION OF THE IAP & SMARTowns • INITIALLY, SMART TO SUBSIDIZE WHILE SF SOURCES OTHER GRANT FACILITIES TO ROLL OUT MOBILE BEAT 2

  14. Funding & networking • LENDWITHCARE • FCCT & LMPC PICKING UP SPEED • 5 PFIs SIGNED, FOR THE ROLLOUT – BLAMPCI, ICTUS, OFMPC, ZARC, SKBMPC • 3 MORE PFIs FOR SIGNING – MWIMPC, SEDF, UBVAS • COOP BANK UK • INTERVIEW DONE AUG 7 • PUBLICITY IN THE UK ON LWC/SF PARTNERSHIP ONGOING • OFW REMITTANCES & INVESTMENTS • SF TO PARTICIPATE IN SEPT 2011 SUMMIT ON DIASPORA INVESTMENTS, PER INVITATION OF CFO

  15. THANK YOU

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