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Overview
| Donor: | Peace & Equity Foundation (PEF) |
| Application procedure: | Concept Note |
| Donor base: | Philippines |
| Reference number: | - |
| Eligible applicants: | Non-Profit Organisation, Social Business |
| Deadline: | ongoing |
Financial details
| Grant size: | Medium - up to $1,000,000 |
| Minimum grant size: | 1.000$ |
| Total available budget: | - |
| Funding type: | Equity, Grants, Loans, Other |
| Maximum grant size: | 750.000$ |
| Funding ratio: | up to 80% |
Sectors
- Agriculture & Rural Development
- Capacity Building
- Economic Development
- Education
- Energy
- Environment & Natural Resources
- Food Security
- Health
- Social Inclusion
- Water & Sanitation
Project Locations
Asia
Philippines
Description
1) Objective
The Peace and Equity Foundation (PEF) was founded in October 2001. The Foundation is the steward of an endowment fund and registered as a non-stock, non-profit organisation. It aspires to drive positive change in poor Filipino household communities by investing in social enterprises that will provide them with viable livelihood and better access to basic services. The Foundation works with partners who share their vision by developing models and best practices that will steer social enterprises to scale up.
PEF primarily supports partnerships and programs that will build, promote and scale up social enterprises, especially in the following:
- Agricultural social enterprises, with focus on: Cacao, Coffee, Coconut, Cane Sugar
- Basic Social Services: Water, Health, Housing, Renewable Energy
- Culturally-Responsive Financing: Islamic/Shariah Financing
- Disaster Risk Reduction, Relief and Rehabilitation
2) Eligibility
PEF works with non-profit civil society organisations such as cooperatives, people’s organisations, non-government organisations, faith-based groups, and academic and private sector foundations. In pursuit of its new strategic direction, PEF will also actively develop and support partnerships with “for-profit social entrepreneurs.”
3) Location
Funding is provided to projects implemented in the Philippines.
4) Budget
In financial partnerships, a 20% counterpart (cash, labor, materials, intellectual property valuations, research investments) on the total project cost is negotiated with the prospective partner. The need for security for financial loans will be handled on a project-to-project basis. Financial and business development services are the key thrusts in the development of and investment for social enterprises. PEF financing includes term loan, credit lines, joint ventures, equity partnerships and grants for non-revenue activities of the SE. Previous support has ranged from $1,000 to $750,000.
5) Application
Proponents may submit a Letter of Intent containing a summary of the proposed enterprise, organizational capacity and structure, and how the enterprise will benefit target poor households. Promising letters will then be jointly developed by PEF with business or SE experts to be selected by PEF and the prospective partner. The full SE Project Proposal must be approved by the board or decision-making unit of the prospective partner before it is finally submitted for the consideration of PEF. For the copy of your letter of intent, please send an email to pef@pef.ph.