Savings

For an initial deposit of only Php50, a beneficiary can open a voluntary CBU account and become a Partner-Saver. The annual interest rate of 2% to 5% is offered to Partners who want to save first and acquire loans later.

Capital Build Up (CBU)

To instill the value of savings among its partners, UPLiFT collects from its partners a certain amount for CBU or savings. Partners determine the amount to be saved, which are then collected together with the repayment for the loan principal and interest. Upon full payment, the CBU is transferred to an individual passbook.

CBU Conditions:

• Compulsory and Voluntary Savings
• At least 25% of the loan principal (for Loaners)
• Interest rate of 2% to 5% per annum
• Serves as collateral for reloan

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