As of 31 May 2023, the National Electrification Administration (NEA) extended a total of PhP450.66 Million worth of loans to 16 electric cooperatives (ECs).

Latest data from the NEA Accounts Management and Guarantee Department (AMGD) showed that PhP225.81 Million was used for the capital expenditure projects of 13 ECs. These are First Laguna Electric Cooperative, Inc. (FLECO), Quezon I Electric Cooperative, Inc. (QUEZELCO I), Sorsogon I Electric Cooperative, Inc. (SORECO I), Iloilo III Electric Cooperative, Inc. (ILECO III), Northern Negros Electric Cooperative, Inc. (NONECO), Leyte V Electric Cooperative, Inc. (LEYECO V), Zamboanga del Norte Electric Cooperative, Inc. (ZANECO), Misamis Oriental I Rural Electric Service Cooperative, Inc. (MORESCO I), Bukidnon Second Electric Cooperative, Inc. (BUSECO), Siasi Electric Cooperative, Inc. (SIASELCO), Basilan Electric Cooperative, Inc. (BASELCO), Siargao Electric Cooperative, Inc. (SIARELCO) and Surigao del Sur I Electric Cooperative, Inc. (SURSECO I).

Four (4) ECs availed working capital loan amounting to PhP162 Million namely Central Pangasinan Electric Cooperative (CENPELCO), First Laguna Electric Cooperative, Inc. (FLECO), Antique Electric Cooperative, Inc. (ANTECO) and Lanao del Norte Electric Cooperative, Inc. (LANECO).

Misamis Oriental I Rural Electric Service Cooperative, Inc. (MORESCO I) borrowed PhP12.85 Million for a modular generator set, while Lanao del Norte Electric Cooperative, Inc. (LANECO) availed of PhP50 Million short-term credit facility loan.

The NEA has been offering financial assistance to ECs through its Enhanced Lending Program, which consists of regular, calamity and concessional loans, stand-by and short-term credit loans, single-digit system loss, renewable energy and modular generator set loans.