Credit

Edited

BUSINESS LOAN PRODUCTS

SIKAP 1

This loan is primarily for working and project capital of members that can generate weekly income.

SMALL BUSINESS LOAN

Small Business Loan (SBL) is developed with a view to assist the micro-entrepreneurs  and support the micro-enterprise of rural, semi rural and city areas. Small Business Loan  (SBL) has a direct impact on employment creation and the production process.

AGRI-MICROFINANCE PROGRAM

This loan is granted to finance agricultural production and related activities such as acquisition of farm equipment and machinery,  establishment and operation of poultry and farming, livestock, fishery products, crops,  fruits and vegetables production, seedlings and ornamental plants production.

SIKAP 3

This loan is intended for individuals belonging to the indigenous groups.

SUPPLEMENTAL LOAN PRODUCTS

SIKAP 2

This loan is offered to members with existing projects require additional cash flow for their business operations. This ensures that the project implementation of the members will not be affected by lack of cash, capital or assistance.

HOUSING LOAN

The housing loan is offered to members who have been consistent in their 100% repayment rate with at least 90% attendance rate in the most recent three years of membership. Other requirements to be considered are the following: household capacity to pay weekly amortization, has an existing SIKAP-1 or any business loans, not a member of other MFIs, and has a commendable behavior during center meetings.

EDUCATIONAL LOAN – High School and College

This loan product is primarily designed to offer opportunities to the members in supporting their children and relatives by helping them through provision of affordable educational loan assistance.  A member who have relatives (brother, sister, nephew, niece, grandson or granddaughter) living with the same household and under his/her direct custody are also qualified to avail the educational loan.

EDUCATIONAL LOAN – Elementary (Zero Drop-Out Educational Scheme)

The loan product is primarily designed to offer  opportunities to the members in very poor communities and with children in the elementary grade (enrolled and/or not enrolled but are willing to go back to school).

HEALTH LOAN

Realizing that sickness and other health problems, being experienced by the members and their household members, remained to be one of the biggest threats in maintaining high portfolio quality and efficiency in over-all operations. CARD, Inc. initiated partnership with Philhealth in order to ensure access of the services of Philhealth to CARD, Inc. members and their families through facilitating payments and documentation requirements.

HAPINOY

This kind of Member’s Assistance Loan called HAPINOY or “Happy Pilipino”, aims to assist in building a strong and united small stores owners upholding the value of self-discipline, towards an earning business/project to help build a progressive community.

OTHER LOANS

SOLAR

In order to respond to the needs and interest expressed by Members in rural areas this  product was developed to provide comfort for the families in the community by providing affordable Solar Products.

SME – Working Capital

This is in response to ever increasing Member’s demand particularly in Zamboanga City  Area brought out the creation of SME-Working Capital.

BIOGAS

In line with the United Nations Environment Program Climate Finance Innovation Facility’s (UNEP CFIF) commitment for loans development related to Renewable Energy, CARD, Inc. introduced BIOGAS particularly in Luzon 2 (Batangas) Region.

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