Unlocking Private Debt Financing: Evaluating the Creditworthiness of Transport Cooperatives

Varsolo Sunio; Zion Yuson; Renzo del Rosario; Jannielle Tubo; Leonard Ubanan; Tere Rose Lumawig

doi:10.2991/978-94-6463-972-8_7

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Unlocking Private Debt Financing: Evaluating the Creditworthiness of Transport Cooperatives

Authors

Varsolo Sunio¹^{, *}, Zion Yuson², Renzo del Rosario², Jannielle Tubo², Leonard Ubanan², Tere Rose Lumawig²

¹Industrial Engineering Program, University of Asia and the Pacific, Pasig City, Metro Manila, Philippines

²Department of Transportation, Mandaluyong City, Metro Manila, Philippines

^*Corresponding author. Email: varsolo.sunio@uap.asia

Corresponding Author

Varsolo Sunio

Available Online 29 December 2025.

DOI: 10.2991/978-94-6463-972-8_7 How to use a DOI?
Keywords: Transport Financing; Jeepney; Global South; Transport Cooperative
Abstract: This study investigates the challenges and opportunities in unlocking private debt financing for transport cooperatives (TCs) in the Philippines, focusing on their role in the modernization of informal public transport (IPT). TCs, operating with fragmented ownership and limited creditworthiness, struggle to secure financing for fleet replacement under the 2017 Public Transport Modernization Program (PTMP) of the Philippine government. Using the 5C’s of credit framework—Character, Capacity, Collateral, Capital, and Conditions—we evaluated the creditworthiness of ten TCs. While cooperatives meet criteria for “Character” and “Collateral”, they face challenges with “Capacity”, “Capital”, and “Conditions” due to fluctuating cash flows and unfavorable loan terms. Government interventions, including service contracting and equity subsidies, are proposed to enhance credit access. The findings highlight strategies to improve cooperatives’ financial profiles, bridging funding gaps, and advancing IPT reform in the Global South.
Copyright: © 2025 The Author(s)
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the 14th Asia-Pacific Conference on Transportation and the Environment (APTE 2025)
Series: Atlantis Highlights in Engineering
Publication Date: 29 December 2025
ISBN: 978-94-6463-972-8
ISSN: 2589-4943
DOI: 10.2991/978-94-6463-972-8_7 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - Varsolo Sunio
AU  - Zion Yuson
AU  - Renzo del Rosario
AU  - Jannielle Tubo
AU  - Leonard Ubanan
AU  - Tere Rose Lumawig
PY  - 2025
DA  - 2025/12/29
TI  - Unlocking Private Debt Financing: Evaluating the Creditworthiness of Transport Cooperatives
BT  - Proceedings of the 14th Asia-Pacific Conference on Transportation and the Environment (APTE 2025)
PB  - Atlantis Press
SP  - 61
EP  - 71
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-972-8_7
DO  - 10.2991/978-94-6463-972-8_7
ID  - Sunio2025
ER  -

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