SiPAG Loan
RBI Microloan under Pangkabuhayan program aims to financially assist individuals in need of a start-up or additional capital for small business/ livelihood programs including but not limited to Knitting clothes, peanut butter making, buy and sell of goods.
Criteria
- Spouses(wives/husbands) in need of capital to start or continue profitable livelihood projects.
- Must open a regular savings account and maintaining balance not lesser than Php 1,000.00
- Borrowers must be more than 3 members of any livelihood program.
Loan Amount
- Minimum of Php 5,000.00
- Maximum of Php 100,000.00 depends on member's performance
Loan Term
- 6 Months (23 weeks)
- 12 Months (50 weeks)
Basic Document Requirements of Each Member
- 2 Government issued IDs (Barangay Certificate is acceptable in case there is only 1 Valid ID)
- 2 pieces 2x2 picture
- Proof of billing
- Picture of product/goods production (if any)
Disclosure:
Other collateral documents will be required prior to loan booking and assessment of submitted initial requirements.
All loan application are subject to credit review and evaluation before approval.
