Copra Loan

“Are you a coconut farmer or tenant that is in need of a quick solution for your financial crisis? Avail our COPRA LOAN now!

With as low as 0.67% (prepaid) monthly interest rate with loanable amount of 60% of
your farming income, payable up to 4 months.


HOW TO APPLY:

Qualifications:
1. Member’s with a minimum share capital of P4,000.
2. Must have history in selling your Copra with AIMCOOP

Validation and Classification Process:
1. Can avail after the evaluation of the purpose and proceeds fit in the loan category.
2. Approval is subject to 5C’s of Credit
3. 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.
4. No Co-Maker needed
5. Can avail up to 5 accounts (max) of copra loan. However, the strict evaluation of the copra output must be strictly observed.



Requirements:
1. Proof of Identification
>>Bring any valid ID
2. Filled up Copra Data Sheet


Processing Guidelines
1. Fills up Promissory Note Form
2. Loan process for approval
3. Release approved loan on the same day.
4. Applicant claims approved loan proceeds