Directory of Financing Institutions In the Philippines
29 May
Financial program:Microfinance: PKK (group loan); entrepreneurs in need of additional capital for business start-up or expansion; P5,000 to P30,000; 32% per annum; loan maturity 6 months; payable weekly; METP(group loan); entrepreneurs in need of additional capital for business start-up or expansion; P20,000 to P75,000; 21% per annum; loan maturity 6 months; payable weekly; OK (individual loan), entrepreneurs in need of additional capital for business start-up or expansion; p15,000 to P250,000; 2% to 2.5% per month; loan maturity 3 months to 1 year; payable monthly.
Collateral/security: Group accountability or collateral
Requirements: The loan should be used to start and expand a business; documents: accomplished application form; community tax certificate; ID; priest or pastor’s recommendation.
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