Eligibility for Small Business:
- 21 – 65 years of age
- Must be a permanent resident of the Barangay for at least 2 years
- Business has been in existence for at least 1 year
Small Business Requirements:
- Photocopy of Mayor’s / Barangay / DTI Permit
- Original Copy of Barangay Clearance
- Photocopy of two (2) valid government ID’s
- Picture of business
- Latest proof of billing
- 3 pcs. ID Picture (one (1) 2×2 and two (2) 1×1)
- Financial Statement (if applicable)
- Bank Statement (if applicable)
- Other souce of income (if any, ex. Remittances)
You must have one (1) co-borrower and two (2) co-makers
Loanable Amount
Minimum: P5,000.00
Maximum: P300,000.00
Loan Term: Six (6) months to one (1) year
Interest Rate: 3% per month, diminishing
Processing Fee: 3% of the total loan amount granted