Small General Loan is a product which is offered to a female entrepreneur only. The core objective of this product is to empower women to improve their economic status and well-being.
The key features of this loan are:
- The loan is for expansion of an existing business.
- Helps underprivileged to overcome the dependency on moneylenders.
- Develops a self-help mentality and self-employment capacity of entrepreneurs.
- Makes the underprivileged communities self-reliant through involving in income generating activities.
Loan Ceiling (1st loan) | Php 7,000.00 – 40,000.00 |
Follow-on Loan | Up to Php 5,000.00 |
Insurance/loan processing fee | NIL |
No. of Instalments | 23 |
Loan duration/Period | Six months |
Processing time for 1st loan | One week |
Grace Period | One week |
Age Limit | 18 – 65 years old |
Maximum loan limit | Php 40,000.00 |
In case of death of a relative living in the same house of the borrower, sickness and calamities | One week moratorium |
Collateral requirement | Not required |