Credit Builder Loan
| Share Capital Requirements | At least 50% of the required share capital: Regular – ₱2,500 Associate – ₱1,000 |
| Eligibility | OMSMPC Regular/Associate member in good standing: - No past due loans/obligations - Attended required orientations/trainings - Actively participated in coop activities |
| Loanable Amount | Starts at ₱5,000 |
| Condition | Must be facing a business setback/minimal sales; No credit history or aiming to repair credit history |
| Cash out | One month from the date of release/disbursement |
| Term | Minimum of 3 months up to 1 year (depending on loan amount) |
| Mode of Payment | Bank Transfer |
| Co-Maker Requirement | None |
| Interest Rate | 1% Diminishing |
| Penalty | 12% |
| Other Charges | ₱100 Processing Fee |
| Capital Build Up | NA |
| Approving Authority | General Manager |
| Requirement (Minimum) | - Duly accomplished application form - Valid ID (1 Primary or 2 Secondary) - Proof of Address (e.g., utility bill, barangay cert, tenancy cert) - Business permits/licenses - Proof of income |
| Collateral | None |
| Renewal | Allowed upon full payment with no default; may apply for a higher amount/longer term |
| Eligibility for other Loan Products | Allowed once the member reaches an acceptable credit score |
| Cash out (Total) | NA |