Microfinance

UPLIFT provides easy access to capital to its Partners through its methodology of offering individual loans with no collateral and no joint or group liability. A Partner can avail of loans starting from Php2,000-Php5,000 with a monthly interest rate of only 3%.

To instill the value of saving, UPLIFT creates for each Partner-Loaner a Capital Build-Up (CBU) Account to which 25% of their loan amount is deposited. The Partner's CBU account can earn from 2% to 5% annual interest rate.

Loan Applications

Applicants must be of legal age, live within the areas where UPLiFT branches operate and must have sound business plans.

Loan Conditions:

• Individual loans
• 3% monthly interest
• Average amount of first loan is P2,000 to P5,000
• Average length of repayment is three months; maximum of one year
• Home - based weekly collection of loan repayment for Caloocan - Manila Program.
• Group Collection for Bulacan – Quezon City Program

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