Cooperative Bank of Cavite Loans
Author: zendl
28
May
Financial program: Microfinance loan(Repormang Pangkabuhayan Laban sa Kahirapan 2); finance livelihood activities for micro; small and medium scale entrepreneurs; additional working capital for business P10,000 to P150,000; 24% per annum, payable semi-monthly; loan maturity of 9 months; regular loan; additional working capital; housing, transport, acquisition for real estate properties, industrial; P30,000 to P6 million; 15%, 17%, 19% per annum for cooperative members; loan maturity of 9 months; payable semi-monthly
Collateral/security: Real Estate Mortgage; chattel mortgage; machineries and inventories
Requirements: For microfinance loan; should be operating at least one year; documents: barangay clearance(original & for loan purposes); residence certificate; 4 pcs. 2×2 pictures; 2 valid ID’s; updated business permit; financial statement of cash flow; simple business plan; post-dated checks; co-maker(with income)
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