Required Documents
Basic Documentation for a Microfinance Loan
A microfinance loan typically requires valid identification, proof of income, and supporting business documents. Additional paperwork may be necessary depending on the loan amount and borrower’s financial status.
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Employed individuals
Provide valid identification, proof of income, and employment verification documents. Bank records may be requested for higher loan amounts.
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Self-employed individuals
Submit business permits, proof of earnings, and financial records. Other supporting documents may be required based on loan amount.
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Overseas Filipino Workers (OFWs)
Present a valid passport, proof of remittance, and employment contract. An SPA may be necessary for applications filed through a representative.
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Corporations or partnerships
Provide business registration, latest financial statements, and proof of business operations. An authorization letter from company officials may be required.