MIDAS Project Highlights
Fully utilized USAID Loan Fund of ~Php132 million.
30,000 micro-enterprises reached in two years, with an average borrowed amount of Php5,760
Assistance covers rebuilding of sari-sari stores as part of the grant component.
4% per annum interest rate (maximum) to end borrowers, payable in 6-12 months
Total outstanding loan paid back in intact by 2017.