The Bangko Sentral ng Pilipinas (BSP), through its Department of Loans and Credit, is currently holding a logo designing contest for its Credit Surety Fund (CSF) Program. The logo must translate and depict a robust and unified identity on the true spirit of the program. The contest is open to all members of the CSF and students of schools/universities.

Click the picture for the details of the contest.

The CSF Program was developed by the BSP in 2008 with a theme “Sustaining Economic Growth through Increased Credit Flows Specifically in the Countryside.” After its first launching in Cavite on 27 August 2008, the CSF is now established in 13 other provinces and cities nationwide. The CSF is a fund generated from contributions by well-capitalized and well-managed cooperatives with a counterpart contribution from the local government units, donor institutions such as Land Bank of the Philippines (LBP), Development Bank of the Philippines (DBP), and Industrial Guarantee and Loan Fund (IGLF).

The CSF is a credit enhancement scheme that aims to increase the credit worthiness of micro, small and medium enterprises (mSMEs) which are experiencing difficulty in obtaining loans from the banks due to lack of acceptable collaterals, lack of credit knowledge, and lack of credit track record. Through the CSF, mSMEs could access credit from banks even without collateral by way of surety cover issued jointly by the parties of the CSF in favor of the creditor bank.

Deadline for submission of entries will be on 28 February 2011 while the awarding of the prize shall be on 18 March 2011. For further inquiries, participants may contact Mr. Tim Santos, CSF Program Manager, at 306-2002 or 524-7011 locals 2450 and 2460.