Opportunity Ka-Partner Microfinance 2 Program
Program Title: Opportunity Ka-Partner Microfinance 2 (OK-MF 2) Program
Program Objective: To help enterprising individuals improve their business through access of additional working capital and acquisition of fixed assets for business use.
Eligible Borrowers:
- Must be between 21-64 years old during the time of application;
- Borrower must be in good health condition; and,
- At least 3 years residency if homeowner, and 5 years if “renter”.
Eligible Projects/Business:
- At least one year continuous business operation; and,
- Engaged in trading, manufacturing, processing and services.
Loan Purpose: For business use only (additional working capital, purchase of machineries and equipment, business site improvement/expansion, etc.)
Terms/Requirements:
Amount: P20.001.00 to P150,000.00
Interest Rate: Thirty percent (30%) per annum, straight computation and amortized over loan term
Maturity / Repayment:
- 3 to 12 months; semi monthly or monthly
- P20,000.00 to P49,999.00 – thru Bank Deposit Slip
- P50,000.00 to P150,000.00 – thru Post Dated Check (PDC)
Loan Charges:
a. Application fee of P100.00, paid outright upon loan application
b. Other charges deducted from the loan proceeds: o Service fee: 4% of the loan amount
- Documentary Stamp Tax (DST): P1.00 per P200 loan
- Mortgage Redemption Insurance (MRI): P0.92 per thousand peso loan
- Loan documents and forms fee: P150.00 per loan
- Microinsurance (Cocolife)
- Notarial fee: P150.00
Savings Requirement: 20% of the approved loan amount paid outright (not deducted from the loan proceeds)
Penalty:5% per month of the past due amortization (Principal+lnterest)
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
- Selven Raguro – local 131
- Irene Miguela – local 135
- Marianito Golla – local 151
Feb 2nd, 2009 at 8:26 pm
to whom it may concern:
are ur requirement to avail
Feb 2nd, 2009 at 8:32 pm
to whom it may concern:
do you accept provincial borrowers for the “Opportunity Ka-Partner Microfinance 2 (OK-MF 2) Program”. I am a business women from northern luzon area i am interested to financing scheme.
May I know what are ur other requirement?… Just send to may email: ladymae_85@yahoo.com
Hoping for immediate response.. Mae (Alaminos City, Pangasinan)
Apr 14th, 2009 at 11:52 am
hi im narciso cuntapay we have a small bussiness and we want to add other products and expand our bussinee i need an amount of 65k payable in 12months where and what are the requirements please do email me about it ASAP email add:nars8dc@yahoo.com.ph
Apr 30th, 2009 at 9:16 pm
I want to know the requirements for the expansion of my business
May 4th, 2009 at 8:04 am
Ms. De Lima,
May be my bank can help also. can you give me your email add. Mine is globalcity@bankofflorida.com.ph
Jun 13th, 2009 at 8:25 am
hi! im interested to avail of the loan for may business expansion. hope to hear from you soonest.
Jul 16th, 2009 at 12:51 am
good day!
Do you cater to borrowers here in cebu? i am engaged in the upholstery service. i need additional working capital. please email me at mb.upholstery@yahoo.com.ph
thanks.
Jul 17th, 2009 at 11:52 am
good morning!do you accept provincial borrowers? I am from Leyte and have an RTW business as retailer. I am expanding my business into a wholesaler and I need an additional capital. I am interested, and please can you send me full details of requirements to rich123_sabay@yahoo.com.
Hope to hear you very soon. Thank You
Sep 6th, 2009 at 3:42 pm
any gov. agency can help us or give us an idea to finance our project in housing … one of my relative own a 2500 sqm. lot and its vacant as of this time now we are planing to buy this property to sub divide it and build our own house in this area … we are compose of 20 pilipino who are planing to buy and have this property and we are willing to settle the terms of payment in 2 to 5 years to some gov. agency who finance our project.. small comunity housing …. hope any one here can give us an idea how we canget the suficient fund to build this small comunity dream possible. this project is costing around 2 million pesos only to buy the property and sub divide it and documentation needed. your not just helping us but it also helping pilipinos home less to have their own property. more power to all goverment agency in the philippines…
CONTACT INFO: 09187981011 OR email@ buz_man_6900@yahoo.com
Sep 24th, 2009 at 4:03 pm
Mr. Erwin Olazo,
Sep 24th, 2009 at 4:04 pm
Mr. Erwin Olazo,
I already send you a msg thru email anyway heres my email add mariceldelima@yahoo.com.Thanks & God Bless