OMB-WFI Special Lending Window

By fm on November 22nd, 2008 464 views

Program Title: OMB Well Family Midwife Clinic Partnerships Foundation, Inc. (OMB-WPFI) Special Lending Window

Program Objectives:

To provide qualified Well-Family Midwife Clinics (WFMCs) access to credit for the improvement and expansion of clinics
To give midwives opportunities to increase their income thereby providing them alternative means rather than seeking overseas employment
To provide low-income municipalities with lower cost yet quality health and pre and post natal services

Eligible Borrowers:

Filipino citizen;
Legal age but not to exceed 65 years old at loan maturity;
Registered midwife with updated PRC license; and,
Member in good standing of WPFI for the last 6 months.

Loan Purpose:

Construction/renovation of physical facility (excluding land development and demolition of existing structure)
Acquisition of lot, clinic equipment, instruments, vehicle and other purposes necessary for the regular conduct of clinic business pursuant to the franchise standards of WPFI.

Terms/Requirements:

Amount: P50,000.00 to P500.000.00
Interest Rate: 21% per annum (diminishing balance)
Maturity/Repayment: 6 months – 36 months
Security: Chattel, Equipment, and/or Real Estate Mortgage
Mode of Payment: Semi-monthly or monthly through post-dated checks

Contact Details:

Opportunity Microfinance Bank (OMB)
OMB Building, Robinsons Homes East, Commercial Arcade-1
Robinsons Homes East, Circumferential Road
Barangay San Jose, Antipolo City

OMB Trunkline No.: 630-0141