Jefanie Genilla
PuhunanKO Loan is BPI’s microcredit product launched in partnership with Globe BanKO, the country’s first and leading mobile savings bank. This is an initiative created in cooperation with some of the nation’s leading retail companies.
PuhunanKO is a credit type designed to respond and support the growing financing need of Filipino micropreneurs. The purpose of this loan is to help the local community and overall economy start and grow businesses at a grassroots level.
PuhunanKO’s mission is to empower Filipino entrepreneurs, helping them start a small enterprise that will help them improve their quality of life.
What’s This Loan Type All About?
The monthly interest rate is as low as 2.5% and a monthly effective interest rate at 2.5%. This credit line is valid for one year with a 30-day payment term. The loan also boasts of its 30-day payment maturity. Late payments may incur the borrower an additional charge of 5% of the principal.
Aren’t you interested yet in getting a PuhunanKO loan? These perks might be enough to convince you to go to the nearest BPI branch and start your application ASAP:
- Suppliers are paid in cash
- Affordable interest rate
- Payment term allowance
- Availability of a credit line that may increase the borrower’s cash for working capital
BPI is one of the Philippine’s oldest banks and it’s one of the banks who’ve witnessed the plight of Filipino entrepreneurs over the years. The bank sees the entrepreneurial spirit of the Filipinos and has become more eager in helping out aspiring business owners start their own small micro-enterprises.
Who Can Apply?
PuhunanKO is available to all those who’re planning to open a micro-store in their locality. Apart from the generic requirements, the bank may also interview the borrower on how they’re going to run and manage their enterprise.
What are the Requirements Needed?
Are you now interested in getting a PuhunanKO Loan? Just prepare and submit these requirements to start your application:
- Income statement or payslip
- Age requirements, which is least 21 to 70 years old
- Proof of citizenship
The Loansolutions PH’s Way of Helping
As the country’s largest and leading lending providers’ hub, Loansolutions PH is considered the go-to firm for loan product reviews and comparison chart. We offer an objective discussion of each loan solution available on the market today. Apart from that, we also assist clients in their application process. Specifically, we’ve launched our 3-Step Online Application Scheme to give clients a convenient way of submitting their requirements. Your credentials will go through our agents first for evaluation. This will allow us to match you up with a suitable loan provider.
