Small and Medium Enterprise (SME) Loan (Non-collateralized)

Loan Use

  • Clients who are Small or Medium-sized Enterprise Entrepreneurs

Loan Package 

  • Individual Loan
  • Microsavings
  • CAP Benefits
  • Micro Insurance Program
  • Client Wellness Program
  • Training Activities
  • Monthly Transformation Activities 

Loan Term

  • Will be based on capacity and cash flow
  • 3 months minimum
  • 12 months maximum

Mode of payment

  • Monthly
  • Advance payments are accepted

Minimum Amount

  • 1st loan; Php10,000.00

Maximum Amount

  • 1st loan; Php20,000.00 (The amount can be higher subject to approval)
  • Reloan: up tp 100,000.00 depending on Pre Qualification Visit and RCA

Nominal  Interest

  • 4% monthly on declining balance computation

Charges

  • Paid before Loan Release
    • Loan Service Fee - 3.5%

Qualifications

  • 25-60 years old
  • Must be engaged in small or medium enterprise.
  • Physically capable to meet demands of business.
  • Permanent resident of the barangay (at least 1 year stay)
  • With thriving business for at least 2 years that is earning daily, weekly or monthly
  • With good moral character
  • With credit from a maximum of 2 MFI’s
  • Willing to attend 1 orientation session only
  • Passed the pre qualification visit

Requirements

  • Barangay clearance - for the current year with dry seal
  • Business Permit - photocopy
  • Picture - 4 copies 1.5 x 1.5 colored ID picture
  • Picture - of  business together with the client 
  • Co-maker - 1 co-maker only, 2 co-makers may be required if needed. Co-makers are not clients.
  • Notarized Promissory note