Entrepuhunan Loan is a loan product intended to be used as a starting and/or working capital for members’ micro and small business.
Loan Ceiling : Minimum of P10,000 ; maximum of P300,000
Maximum Term : 36 months
Mode of Payment :
a. Pay the principal and interest monthly
b. Pay interest monthly for the first year and pay principal and interest monthly on second year onwards.
Member-borrowers who maintain the required share capital deposit, willing to open a Power Savings Account and those who are engaged in businesses.
1. Additional capital for an existing business
1.1 Barangay or Mayor’s Business Permit/License for the current year or DTI or SEC business registration certificate whichever is applicable1.2 Latest Income Tax Returns or other proof of income related to type of business engaged in
2. For start-up capital
2.1 Barangay or Mayor’s Permit and a simple business plan2.2 Proof of existing source of income other than the proposed business
3. If loan applied is above P100,000:
2.1 Full disclosure of assets and liabilities as well as income and expenses on the “Personal na Impormasyon Mula sa Kasapi”2.2 Contracts with customers/exporters or any proof of existence of customer/supplier relationship such as invoices, delivery receipts, etc.
2.3 List of trade references (contact persons, addresses, tel. no. of at least 3 suppliers and customers)
4. Any government-issued identification (SSS, GSIS, Driver’s license, voter’s id, postal, and others)
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