Providing easy access to credit for non-bankable entrepreneurs
Micro Enterprise Loan (MEL)
We offer financing from PHP 5,000 up to PHP 300,000! We provide working capital to micro-entrepreneurs with one year business experience.
Frequently Asked Questions
What is a Micro-enterprise Loan?
Existing SMEs that need additional capital.
How can I apply for a Micro-enterprise Loan?
Kindly contact us (036) 520-7185 or visit our office at 2502 Burgos Street Ilawod, Roxas City, Capiz.
What are the eligibility criteria for a Micro-enterprise Loan?
With existing business that need additional capital.
How much money can I borrow with a Micro-enterprise Loan?
We offer from 10,000 up to 300,000.00.
What is the interest rate for Micro-enterprise Loans?
26% PA
What is the loan repayment term for Micro-enterprise Loans?
Weekly, semi-monthly, monthly
Do I need collateral to get a Micro-enterprise Loan?
Yes! For 50,000 up (PDC)
What is the application process like, and how long does it take to get a decision?
3 to 5 days upon submission of complete documents.
Are there penalties for early repayment of Micro-enterprise Loans?
No! We give rebates for early payment.
Is there support or guidance available for managing my micro-enterprise finances?
None
Can I apply for multiple Micro-enterprise Loans?
No!
Is there a limit on how many Micro-enterprise Loans I can receive?
Yes! Only one account should be active.
How do I contact your organization for more information or assistance regarding Micro-enterprise Loans?
Just visit the nearest branches we have.
