| Loan Amount |
Maximum of ₱300,000 |
| Interest Rate |
3% per month (Diminishing) |
| Terms |
Maximum of 36 months (3 years) |
| Share Capital Requirements |
None, but encouraged to add share capital, especially for the first loan |
| Collateral to be Submitted |
None |
| Collateral Subject to Forfeiture / Foreclosure / Repossess Once Default in Payment |
None |
| Processing Time |
3 to 4 days after CIBI |
| Eligibility / Qualifications |
With ₱1,700 share capital, established business, and attendance of an entrepreneurial
seminar under the SMEC department |
| Age Limit |
Maximum up to 69 years old upon maturity |
| Insurable Age |
Up to 69 years old |
| Cash Out |
None |
