Jaime V. Ongpin Microfinance Foundation, Inc.

 

ABOUT MICROFINANCE

 

PRODUCTS / SERVICES

 

NEWS & UPDATES

 

CONTACT US

 


 


ABOUT US

OUR PURPOSE

To implement a microenterprise development strategy and provide microfinance programs, products and services such as microcredit and micro-savings for the poor and low-income clients in the Cordillera Administrative Regions and other areas that the Foundation may expand to in the future.

SOCIAL MISSION

To provide entrepreneurs, whose businesses are not harmful to the environment, competitive products and services that will help them improve their well-being.

MEMBERSHIP / AFFILIATIONS
  • Microfinance Council of the Philippines, Inc.
  • Association of Financial Intermediaries of Baguio-Benguet.

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PRODUCTS AND SERVICES

 

CREDITS/ LOANS
 
LGF/SAVINGS
Types of Loans:

  • Regular Loan
  • Incentive Loan
  • Organic Agricultural Loan
  • 5% diminishing interest rate g.  5,000 interest is 680 / 7,000 interest is 960
  • 5 months terms, payable weekly
  • Php 3,000-Php 150,000
  • Individual liability
  • 1 week processing
 
  • Buffer for family emergency needs or family emergency needs
  • Mandatory savings of Php50/week
  • 7% interest rate annually on savings
  • Can be withdrawn during collection

 

 

 

 

 MICROINSURANCE
 
 CAPACITY BUILDING & OTHER SERVICES
1. Life Insurance

Benefits:

  • 50% Refund of Premium (after 3 yrs
  • 100% return on Retirement Savings Fund with 2% interest per annum
  • Death benefit or Total and Permanent Disability
  • Accident death benefit
  • Hospital reimbursement for vehicular accidents
  •  
  1. Credit Insurance (Upon death of borrower)

Benefits:

  • Cancellation of loan balance (cancellation of loan will only be for good payers)

Reimbursement of paid amortization

 
  • Organizational and technical to improve business
  • General Assembly
  • Trainings
  • Group Leaders’ Conference

Once a month meeting

 

 

 

 

 

 

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NEWS & UPDATES

 

 

 

 

 

 

 

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CONTACT US

Head Office / Baguio Branch:  

La Trinidad Branch:

 

Bauang Branch:

 

#288 Lower East Kennon Road
Camp 7, 2600 Baguio City, Philippines

Tel/Fax: (074) 446-2843, (074) 424-5090

 

Room 103, 2nd Floor,
New Public Market Building
Km.5, 2601 La Trinidad, Benguet,

 

2nd Floor, Riczon Building Central West
Bauang, La Union

 

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Manual of Operations of Jaime V. Ongpin Microfinance Foundation, Inc.

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