Section II. LOAN PRODUCTS and POLICIES
A. 1. Regular Loan
- for capital or additional capital for small business
- x2 of Share Capital for the first three loans
- x3 of Share capital on the 4th loan
- loan ceiling – Php 20,000.00
- has paid 50% of the providential loan
Consumer Loan – Groceries/Rice
- Rice – one sack payable in 30 days
- Groceries – maximum of Php1,000.00 – payable in 30 days
B. 1. Providential Loan
- equal to Share Capital only - loan ceiling – Php 20,000.00
Appliance Loan
- x2 or x3 of Share Capital
- has paid 50% of Regular Loan and 50% of Providential loan, if any
- loan ceiling – Php 12,000.00
Emergency Loan
- for hospitalization of immediate family members
- for those directly affected by calamities
- equal to Share Capital only
- must be approved by the Board of Directors
- loan ceiling – Php 10,000.00
Equipment Loan – Motorcycle and Computer
- has a share capital of Php 15,000.00
- 2 non-delinquent co-makers
- co-makers cannot avail the same loan unless the principal borrower is fully paid
- loan ceiling – Php 50,000 with down payment
Note: Members are limited to avail of only two loan products at the same time except for Consumer Loan