Commodity Loan/Rice Loan

“In need of Rice? AIMCooP offers Rice Loan for you and your family, payable up to 5 months(1 sack is equivalent to 1 month).

COMMODITY LOAN/RICE LOAN:

HOW TO APPLY:

Qualification(s):
Member’s with a minimum share capital of P4,000.


Validation and Classification Process:

1. Can avail up to five (5) sacks (25 kilos rice)
2. MIGS Member
3. Approval is subject to 5 C's of Credit
4. If, with Outstanding Regular Loan: The current history of repayment of the loan is given emphasis in granting additional loan.
Ensuring that the member-borrower had at least paid the 1st installment of the other loan.
5. Can be availed at least once at a time.
6. If the member already availed an emergency loan, he/she cannot avail a commodity loan.
7. No Co-Maker needed.

Requirements:
1. Proof of Identification
>>Bring any valid ID

Processing Guidelines
1. Fills up Loan Application Form
2. Subject for Credit Investigation
3. Process for Approval
4. Applicants will be informed of the loan status thru call or text.
5. Applicant claims the approved loan proceeds.