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LENDING FIRMS NCR

• CENTER FOR COMMUNITY TRANSFORMATION (CCT)

Who may borrow: For business loan, borrower must be 18 to 50 years old with viable income-generating livelihood

Loan amount: For business loan, minimum of P4,000 and maximum of P50,000

Collateral/Security: None

Interest Rates and fees: 12.5% flat rate for a 4-month loan cycle and 20% flat rate for a 6-month loan cycle

Terms of payment: Loan term is 4 months and 6 months; loan is payable weekly

Contact Details: Ruth S. Callanta, president; 5/F Joshua Center, 1428 Taft Avenue, Ermita, Manila. Telephones: (02) 524-1819, (02) 524-8101, (02) 400-6909. Faxes: (02) 524-1819, (02) 524-8108. Email: ho@cct.org.ph, Website: http://www.cct.org.ph/

• EUROCREDIT COOPERATIVE

Who may borrow: Coop members with initial membership of 5 shares, par value of P500

Loan amount: Minimum of P10,000 and maximum of P100,000

Collateral/Security: Promissory note with 2 co-makers, affidavit of voluntary surrender, real estate morgage, and chattel mortgage

Interest Rates and fees: 4 percent per month based on diminishing balance

Terms of payment: Loan term is 3 to 6 months; loan is payable on a weekly or postdated checks basis

Contact Details: Atty. Alfea D. Vivas, president; G/F Sunrise Centre, 488 Pablo Ocampo St., Malate, Manila. Telephone: (02) 536-2960, Fax: (02) 404-0031. E-mail: alfievivas@yahoo.com

• FIRST COUNTRY BANK

Who may borrow: Enterprising poor women aged 18-60 years old; must be a Pasig City Resident

Loan amount: Minimum of P6,000 and maximum of P150,000

Collateral/Security: None

Interest Rates and fees: 26% per annum

Terms of payment: Loan term is 6 months; loan is payable weekly

Contact Details: Luningning Gloria S. Sanduco, Microfinance manager; UG-6 Mega Plaza, ADB Ave., Ortigas Center Pasig City. Telephone: (02) 643-9333. Fax: (02) 687-3199

• NATIONAL LIVELIHOOD SUPPORT FUND (NLSF)

Who may borrow: For NLSF-MP, conduits are rural financing institutions, cooperatives, and NGOs; the end-borrowers are small farmers, enterprising poor, youth graduates of TESDA and NYC (preferably out-of-school youth). For LDPO, all active members and former OWWA LDPO borrowers with good repayment records can avail of the program

Loan amount: For NLSF-MP, loan amount of program depends on the credit evaluation, program plans, and number of target end-borrowers but not exceeding its tiotal asset; end-borrowers can loan a maximum of P50,000. For LDPO, the individual borrower can loan a maximum amount of P200,000; and an organized and registered group of five members can loan a maximum amount of P1 million

Collateral/Security: For NLSF-MP program partners, continuing deed assignment of sub-borrower's promissory notes and underlying collaterals, post-dated checks and chattel properties,stock inventories, receivables, insurance/pre need policies or other types of collateral accepted by the NLSF conduits

Interest Rates and fees: For NLSF-MP, omnibus credit line is 9% per annum and soft oan is 4% per annum. For LDPO, (NLSF to program partners) interest rate is 3% per annum to be amortized with principal, and the service fee is 1% per annum to be amortized with principal and the service fee is 1% per annum; for conduits to OFW, the interest rate is 9% per annum to be paid on maturity of short-term loan, service fee of 2% per annum payable upon release, and facilitation fee of 2% per annum payable upon release, and facilitation of 3% one time payment for the entire loan term

Terms of payment: For NLSF-MP, loan term depends on the nature of the soft loan utilization but not exceeding 3 years

Contact Details: Gondelina G. Amata, axecutive director; 4/F Hanston Bldg. F Ortigas Jr. Road, Ortigas Center Pasig City. Telephone: (02) 914-7290 to 97, (02) 631-2955/57/44/47. Faxes: (02) 631-2953 to 54. E-mail:nlsf@nlsf.gov.ph

• PRODUCERS RURAL BANKING CORPORATION

Who may borrow: Women aged 18-60 years old with existing business and a resident of the barangay for at least 1 year

Loan amount: Minimum of P10,000 and maximum of P150,000

Collateral/Security: Real estate mortgage or chattel mortgage, 2 co-makers, assignment of savings account and daily or weekly pick-up of deposit

Interest Rates and fees: 2.5% per month

Terms of payment: Loan term is for a maximum of 6 months, payable monthly

Contact Details: Jove I. Tapiador, vice president, Corporate Support Services; One San Miguel Bldg., San Miguel Ave. cor. Shaw Blvd., Ortigas Center, Pasig City. Telefax: (044) 600-4645. Email: prbc_mfmg@yahoo.com. Website: http://prbc.awardspace.com/

• AHON SA HIRAP, INC.

Who may borrow: A group of 5 bottom poor women

Loan amount: Minimum of P1,000 and maximum of P50,000

Collateral/Security: Loan insurance or micro-insurances

Interest Rates and fees: 25% per annum

Terms of payment: Loan term is 25 to 100 weeks depending on members' capacity to pay; the loan is payable weekly

Contact Details: Emmeline P. Ardeño, communication officer; 76 8th Ave., Cubao Quezon City. Telephone: (02) 912-0688. E-mail: mmbunker@i-manila.com.ph

• KASAGANA-KA DEVELOPMENT CENTER, INC.

Who may borrow: Entrepreneurial poor between 18 and 65 years old with existing business

Loan amount: Minimum of P5,000 and maximum of P100,000

Collateral/Security: None

Interest Rates and fees: 2.5% per month

Terms of payment: Loan term is 3 months, 6 months, 9 months, and 12 months; the loan is payable weekly

Contact Details: Maricel dG. Barro, operations assistant; 9 Don Rafael St. Don Enrique Heights, Holy Spirit, Quezon City. Telefax: (02) 931-4335. E-mail: kasagana_ka@yahoo.com

• NORFIL FOUNDATION, INC.

Who may borrow: Able and disabled entrepreneur women

Loan amount: Minimum of P3,000 and maximum of P150,000

Collateral/Security: None

Interest Rates and fees: 36% to 40% per annum

Terms of payment: Loan term is 6 months, 1 year, 1 and 1/2 year and 2 years; loan is payable weekly

Contact Details: Ma. Teresa R. Niqui, executive director; Gertrudes C. Capito, program manager; 16 Mother Ignacia St. corner Roces Avenue, Quezon City. Telephone: (02) 372-3577 to 79. Fax (02) 373-2169. Email: norfil@philonline.com.ph. Website: http://www.norfil.com.ph/

• KABALIKAT PARA SA MAUNLAD NA BUHAY, INC. (KMBI)

Who may borrow: Filipino women aged 18 to 63 years old and operating a micro-business that generates daily or weekly income

Loan amount: Minimum of P4,000 and maximum of P20,000

Collateral/Security: None

Interest Rates and fees: 3.33% per month

Terms of payment: Loan term is 6 months, payable weekly

Contact Details: Rosemarie C. Castro, Executive director; KMBI Bldg., 12 San Francisco St., Karuhatan, Valenzuela City. Telephone: (02) 291-1484 to 85. Fax: (02) 292-2441. E-mail: kmbi@pldtdsl.net. Website: http://www.kmbi.org.ph/

SOURCE: Entrepreneur Magazine AUGUST 2006 issue

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