STEP 1
Proceed to our office and look for the EDC staff in-charge of loan application.
STEP 2
During the interview, provide the EDC staff with the following information: (1) Name of Individual/ Cooperative/Association/NGO-PO, (2) Exact Address, (3) Present Job/Source of Income, (4) Proposed Project (5) Business you are engaged in , and (6) Exact Business Address. This would take 5 minutes only.
STEP 3
Ask for a copy of the Form L-1 or the Application for Assistance Form from the interviewer.
STEP 4
You will be oriented with the qualifications, requirements for application, mode of payment and interest charges for the next 5 minutes.
STEP 5
Fill-up one copy of the Form L-1. Accomplish the form within 1 day.
STEP 6
For individual borrowers , submit the Form L-1 to the City Social Welfare and Development Office (CSWDO) for certification and clearance purposes.
STEP 7
Check the Form L-1 with the staff assigned at the Livelihood Beneficiaries Information System (LiBIS) for the next 5 minutes to verify your loan records.
STEP 8
For individual borrowers, submit the Form L-1 to the Community Development Foundation Incorporated (CDFI) for clearance. Application Form should be cleared within 5 minutes. |
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A QUICK GUIDE IN FILLING UP FORM L-1
1. Attach 2 copies 1x1 photograph
2. Fill-up all the blanks on the data box
3. Sketch the exact location of your residence and business address at the back of the form
4. Sign the form at the bottom part of the data box; and
5. Return the form to the interviewing officer.
STEP 9
The METRO PESO Credit Officer or Project Evaluation officer will conduct a credit investigation (CI) or project evaluation of the loan application.
STEP 10
After reviewing the Form L-1 and/or loan requirements, the ECDC Staff will submit it to the PESO Manager for approval in 15 minutes.
STEP 11
The City Mayor's Office through the
City Mayor will approve the Application for Assistance Form.
STEP 12
Preparation of attachments to the Form L-1 by the ECDC Staff follows after the approval of the application. Acoomplishing the attachments for each Form L-1 usually takes 30 minutes or less.
STEP 13
You can now sign the Business Plan and the Kasunduan (individual) or Project
Proposal and Promissory Note (cooperatives, associations, NGO's and PO's).
STEP 14
Within 15-30 minutes, the Section
Head validates and signs the attachments and submit it to the PESO Manager for approval. Upon approval of the PESO Manager, the eligibility of the applicant for a loan assistance is determined. |
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