PAGASA -Philippines Lending Company, Inc

Lumalawak na ngayon ang coverage ng Pagasa Lending sa buong Pilipinas. Kung kayo ay naghahanap ng mauutangan, pakibasa po ito hanggang sa kataposan para maliwanagan at ma guide kayo paano maging member at maka avail ng kanilang services.

As of  December 31, 2017

Description Count/Amount

Total number of branches              ----------251

Total number of program officers   ---------1,063

Total number of active groups        ---------17,563

Total number of active members    ---------311,995

Total number of active borrowers   ---------282,508

Total outstanding amount               ------1,913,440,255

GOALS

To provide sustainable financial services to the entrepreneurial poor, to enhance their enterprises, thereby, making them economically self-reliant.

OBJECTIVES

To provide small loans to entrepreneurial poor clients;

To provide an opportunity to accumulate alternative capital for their enterprises; and

To create employment opportunities for the clients by encouraging them to engage and/or enhance their existing enterprises

PAGASA Philippines Lending Company Inc. (PPLCI) seeks to pursue its mission to provide micro credit services to its members. It aims to empower the enterprising poor by helping them access credit for their income generating activity, helping increase family income that will eventually improve the economic conditions of their families and finally become social investors in community development. PPLCI also aims to create employment for the community and/or locality supporting the micro projects to the members and job placement in the company.

PAGASA Philippines Lending Company Inc. (PPLCI) is duly registered company with Securities and Exchange Commission (SEC) and serving a low-income or economically poor Filipinos through microfinance program which is provision of affordable credit and replicating the very well known ASA Methodology. The company was registered in 2007 and started its operations in Metro Manila and gradually expanded its operation in nearby provinces and later opened more branches in Luzon as well as in Mindanao. The company is directly affiliated with ASA International.

WAY FORWARD

Five years from now, PAGASA Philippines shall establish itself as a center of excellence in the Philippine microfinance industry covering all the regions. To this end, PAGASA Philippines aims to establish more than 350 branches servicing half a million poor Filipino families within the next five years.

Financial Services

The loan program aims to improve the personal and social value of the clients in the family and in the community by involving themselves in income generating activities through the process of providing micro-credit loans for additional capital, reduce poverty through job creation in poor communities, help low-income people to overcome the dependency on money lenders (5/6 or Bombays) and eventually develop capabilities and economic independence of borrowers.

Loan Products – PPLCI currently offers three (3) credit programs; Small General Loan, Small Business Loan and Small Entrepreneurship Loan. All loans have 15% interest and are payable for twenty-three (23) weeks or  six (6) months. Loanable amount is based on the borrower’s capacity to pay. Loans are offered to individuals but borrowers are encouraged to be part of a locally-organized groups to avail of the loan products.

Loan Collateral Build-Up (LCBU) – Members are encouraged to deposit their weekly LCBU of P20-P100. This serves as a non-interest bearing collateral to the loans availed by the clients as well as an alternative capital and investment when client decides to withdraw from the loan program. During the loan term, borrowers can withdraw from their LCBU during group meetings provided that they maintain LCBU balance of at least 10% of the loaned amount.

CLIENT BENEFITS

LOAN

No hidden charges

Lower interest rate

No upfront fee/deduction

No other charges such as service fee, BARB fee, loan application fee, etc.

Lifetime membership fee of P 50.00 only

Different loan products based on business and special loan program in case of emergency

No double/advance payment during holiday

There is moratorium/excuse from amortization payment during emergencies

Short group meeting time (maximum of 30 minutes)

Opportunity for early loan renewal

No collateral

Few and affordable requirements

Monthly update of borrowers account statements through SMS

Transparent account and policy

East payment terms and processing

Graduating opportunity for clients with good business

No group liabilities (individual approach)

Door step service

Other Services & CSR

Technical ASlide4ssistance (Training and Consultancy)

We provide training to other MFIs on staff enhancement and development, effective microfinance operations, as well as propagating the ASA Methodology.

Corporate Social Responsibility (CSR) Programs

The “One Scholar per Branch” program aims to provide financial assistance to 100 children of active borrowers who are in their last year of college (4 or 5 year program) or diploma (2-year program) course.

We provide assistance to members who have been affected by natural calamities or disasters. Moratorium in loan payments is also implemented to help clients recover their livelihood faster.

Areas of Operation

PPLCI operates 251 branches in 13 regions, 49 provinces, 218 cities and municipalities nationwide.

NCR

Cities of Quezon, Mandaluyong, Pasig, Manila, Caloocan, Valenzuela, Paranaque, Taguig, Las Pinas, Pasay and Muntinlupa

Luzon

Provinces of Pangasinan, La Union, Ilocos Sur, Ilocos Norte, Mt. Province, Abra, Nueva Ecija, Bulacan, Pampanga, Zambales, Bataan, Tarlac, Rizal,  Cavite,  Laguna, Batangas, Quezon, Camarines Norte, Camarines Sur, Albay, and Sorsogon

Mindanao

Provinces of Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay, Bukidnon, Lanao del Norte, Misamis Oriental, Misamis Occidental, Davao del Norte, Davao del Sur, Davao Oriental, Davao Occidental, Compostela Valley, Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur, Saranggani, Cotabato, North Cotabato, South Cotabato, and Sultan Kudarat

Visayas

Provinces of Aklan, Antique, Capiz, Iloilo, Negros Occidental, Negros Oriental, and Cebu