BUSINESS PLAN

MICRO-FINANCING PROGRAM
KASAY MARINE PROTECTED AREA INC.

Prepared by:

Mari Hidalgo
Judy Munar
Hilario Toralba
Rizzvill Espina

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EXECUTIVE SUMMARY

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 I. EXECUTIVE SUMMARY

The Kasay Marine Protected Area Inc. is a non-stock corporation and an accredited organization whose
primarily purpose is to protect and conserve the established marine sanctuary in the City Waters of Kasay,
San Fernando City, La Union is making a significant steps to enhance and uplift the socio-economic well-
being of its members by establishing Micro-Financing Program. The said program helps bridge the huge
shortfall of financially underserved community members regarding access to the traditional financial
system. Moreover, the Kasay Micro-Financing Program is convenient and offers a reasonable interest rate
to cater to the financial shortcoming of the market.

To fund the program, the Kasay MPA will utilize some portion of its general fund and will Loan-
Revolving Fund (LRF) offered by the Institute of Social Order. In addition, Kasay Marine Protected Area
will partner with different stakeholders like CENRO, ISO, BLGU, and other Peoples’ Organizations to
sustain the program.

II. INTRODUCTION

Lending plays a big role in supporting the financial incapacity of many individuals. In the Philippines,
many lending companies offer different kinds of loans contingent on the needs of the people and their
capacity to return the amount owe. The practice of providing small loans to the poor is an increasingly
common tool intended to fight poverty and promote economic growth. Micro-financing became an
avenue for investors by helping impoverished individuals in third world countries particularly in rural
areas to borrow money for business, agricultural and educational purposes.

Financially distressed individuals choose to avail loans from underground lending like Bombay or often
called 5,6, which offers as high as 20% interest rate, which makes borrowers sunk from their financial
obligations, and in the long run, it doesn’t really help them for their financial shortcomings. Micro-
financing is small loans made to the working poor or other needy individuals who cannot borrow money
through traditional routes due to a long list of requirements and sophisticated procedures in availing
loans. It helps bridge the huge shortfall regarding access to the traditional financial system. Micro-
financing has expanded and evolved and often looks like traditional retail or small business lending where
for-profit lenders extend individual liability credit in increasingly urban and competitive settings. The
motivation for the continued expansion of micro-finance is the presumption that expanding credit access
is an efficient way to fight poverty and promote growth.

The engagement of Kasay Marine Proected Area Inc. to Micro-Financing is expected to support its
members in the area, such as the need to support studies, basic needs, small businesses & etc. This could
be a profitable business segment of the association if the proper management of funds and control of risks
are in place. Running such a venture can give a favorable return of capital or investment. KMPA is
expecting more people to want to borrow money amidst the economic crisis. The loans allow borrowers
to diversify and be creative in utilizing the borrowed capital. They will work hard for everything that
they received. In Micro-lending program, the individuals must give back what they have borrowed. This
helps ensure a high repayment rate.

III. BUSINESS OPERATION

The business operation shall be called Micro-Financing Program. Its primary objective is to provide
microloans at a reasonable price to the members of the organization.

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 IV. PROJECT LOCATION

The proposed location of the project would be the livelihood building of Kasay Marine Protected Area at
Barangay Canaoay. The office is fully furnished.

V. PROJECT TYPE

The project shall be in the form of a Non-Stock Corporation (Association). The members shall contribute
cash to a common fund to finance the project. The cash contribution is equivalent to the paid membership
fee. To increase capitalization, the project shall borrow money from outside creditors.

TECHNICAL ASPECT

I. ENTITY CREATION

The project shall secure papers and basic documentary requirements as provided by laws to legally
implement the project. To name those documents and requirements, the project will establish an
organization or non-stock corporation and secure a licenses to operate from the Securities and Exchange
Commission (SEC), and Local Government Unit (LGU) where the business is situated.

II. PRIOR ACTIVITIES

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In order to achieve project sustainability, some officers of Kasay Marine Protected Area Inc. shall attend
the following trainings to be conducted by the Institute of Social Order as one of the steps in securing
Loan-Revolving Fund with the latter:

a) Business plan development on social enterprise upscaling/ expansion/ COVID-proofing.

b) Financial Management and Basic Bookkeeping.
c) Learning Session on Basic Computer Operations.

III. DESCRIPTION OF OPERATION AND PROCESS

Procedures in availing loans

1. Members who wish to borrow money from the micro-credit operation should secure a loan
application form from Kasay Secretary to be accomplished or fill out personally by the borrower.
The form contains the basic personal information of the borrower and the reason/s of borrowing.
2. File the accomplished form to the Livelihood Team Leader.
3. The Livelihood Team Leader is responsible for approving and disbursing the loan. He must
assess whether the borrower can apply for a loan or whether the borrower has an existing loan to
settle, which may default him from borrowing.
4. If the loan is approved, the cash loan shall be released immediately or upon the availability of
cash. Release of cash loan shall be on a “first-come, first-served” basis.

Terms and conditions of Loan

 5% Interest Fee shall be applied to the value of the Loan.

 The suggested term of the loan is one month however the borrower can renew it for a maximum
of three months.
 The interest fee shall be deducted immediately from the initial loan proceeds. If the loan term is
extended, the borrower shall provide the payment of interest based on the loan's outstanding
balance.
 The borrower shall pay the principal and interest to the credit officer during reasonable office
hours.

Loan Application Form

The loan application form indicates the borrower's personal information, such as complete name,
residential address, and contact details. It is a two-page form. Loan details and undertaking of the
borrower are found on the first page The second page serves as a statement of account that shows the
loan's current balance. In addition, in every periodic payment made by the borrower, he/she should
provide a signature in the portion provided in the form as proof and validity of the transaction.

A transaction sequence is posted in the upper right corner of the application form. The series will start
from 20210000. The first four digits indicate the current year. Therefore, the sequence will be replenished
every year. When the loan application form is damaged or simulated, the credit officer shall mark it as
“void.”

In the lowest part of the loan/transaction form is a checklist containing a “radio buttons”: “Partial” and
“Completed.” The authorized officer will mark it depending on the status of the loan on the time of

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posting in the accounting system or database. “Partial” is when the loan is not yet fully paid out. Tickle
the “Completed” option when both criteria are met:
a) The loan is fully extinguished by the repayment of entire principal, interest and other fees and;
b) Updated in the accounting the system then amount outstanding thereby is ZERO.

When completed, the form is disregarded in the custody of the collecting officer and stored in the Kasay
Building or designated desk.

Terms mentioned in the Loan Application Form

a) Parties- The Loan Agreement is made between the KMPA and to its specific borrower Date of
Agreement -The Agreement is effective on the date (when the cash loan was released).
b) Period of Loan - The loan shall stand for a period of 1 month calculated from the (Date of
Agreement).
c) Principal - The face amount of the desired loan.
d) Interest -The Borrower shall be obliged to pay interest at the rate of 5 percent (%) per month
e) Payment Period -One (1) month.

Purpose of availing loan

In the loan form, the borrower should indicate the purpose of making a loan so that the Loan Officer can
draw an assessment of whether to provide or reject the application. The following are the examples of
reasons which are eligible for loan assistance:
1. small businesses
a) Wholesale or retail
b) Processing (food and non-food)
c) Buying and selling of Goods
d) Livestock
2. support studies
3. basic needs
4. Savings
5. Hospitalization
6. Unplanned emergency expenses

Borrower’s requirement

The credit officer must be skeptical in considering the qualifying factor for the loan approval:
1. The borrower has been an active member for at least of 3 months. It will be based on his/her
personal appearance or participation in any activities of Kasay being called to them.
2. Member should have paid at least the membership fee of the association.
3. Have a good track record in the community. If the credit officer is unconvinced with the
credentials of the borrower, he should seek assistance from BOT, or in any elected officials of the
barangay where the borrower is residing.
4. And must show a valid id to be presented and indicated in loan application form: (SSS,TIN,
PHILHEALTH, PASSPORT, DRIVER LICENSE or any government-issued ID and Company
ID)

Currency

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The Philippine Peso shall be the functional and presentation currency to be used by the business. If the
borrower pays in currency other than the peso, the collecting officer should not accept the payment
because of inconsistent exchange rates.

Internal Reporting and Presentation

Financial Reports and Financial Statements shall be made monthly by the Livelihood Team Leader and
the Treasurer. It will be presented monthly during the Regular Management Council Meeting of Kasay
Marine Protected Area Inc. The following financial statements, which will have to be signed by
Treasurer, Auditor, and President, are the stable documents of the project.
a. Statement of Financial Performance (P/L)
b. Statement of Financial Condition (Balance Sheet)
c. Statement of Cash Flow

Dispute Resolution

Where any dispute arises among the Parties as to the performance or interpretation of this Deed, the
Parties will resolve the dispute in the following manner:
First, the Party raising the dispute must notify the other Party of the dispute immediately, providing a
reasonable amount of information about the nature of the dispute.
Second, the Parties will meet as soon as possible in person and attempt to resolve the dispute by
discussion.
Third, if such negotiation fails, the Parties will refer the dispute to a mutually acceptable mediator as soon
as possible, to be resolved in accordance with an accepted code of mediation practice.

Definition of Terms

a. Micro-financing program – an activity to give or allow the borrower the use of a sum of money
on the condition that the same or its equivalent will be returned with interest. (Micro-loans)
b. Borrower – an individual or organization that takes out fund via credit.
c. Loans – A sum of money that is borrowed and to be paid back with interest and other fees.
d. Interest rate – an amount charged to the borrower, expressed as a percentage of the principal.
e. Interest Income- an income derived from lending a money.
f. Fees – are amount charged to originate a loan, usually calculated as a percentage of the total
loan amount.
h. Principal - a sum of money originally lent. (total loan amount)
i. Term - the period of time identified for a loan to be completely paid off.
j. Financial Statements - Financial statements are formal records of the financial activities and
position of a business in a point in time.
k. Bad Debts – An amount of loan that is considered uncollectible. A loan can only be charged to
bad debt expense upon the approval of the majority of the Board of Trustees.

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 ORGANIZATIONS AND MANAGEMENT ASPECTS

I. TYPE OF ORGANIZATION

The proposed business will be in form of Non-Stock Corporation.

II. ORGANIZATIONAL STRUCTURE

Chairman of the
Board of Trustees

Board of
Trustees

President

Management
Council

Credit Officer

Clerk

III. PERSONNEL COMPONENT

1. Secretary (Ms. Mari Hidalgo):

a) Responsible for issuing loan application forms.
b) Responsible for assessing the status of the member, whether active or inactive.
c) Responsible for conducting community investigation regarding the tract of the borrower.

2. Livelihood team Leader (Mr. Hilario Toralba):

a) Responsible for releasing and accepting payments of loans
b) Analyzes borrower’s financial & credit status to determine whether the loans will be granted
or denied
c) Provides financial report and present it to KMPA EXECOM

3. Treasurer:
a) Understands, manages, and supervises all aspects of cash flow.
b) Ensures all collections are deposited and accounted.

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 c) Ensures all disbursements are approved by authorized personnel before processing.
d) The one is responsible for making periodic payment to ISO.

4. Auditor:
a) Responsible for overseeing the performance in processing loans documents.
b) Monitor the program
c) Inspect the financial reports

5. Officers
a) Responsible for notifying the borrower whose loan aged more than 90 days.
b) Serve as disputing body
c) In charge of marketing the program

6. President
a) Represent the association in all social and economic activities.
b) Exercise general supervision on the overall activities of the project.

IV. OTHER PARTIES

1. Members – The Kasay Marine Protected Area Inc. members are the target market of the
Micro-Financing Program. Members are the top priority to be provided with loans.

2. Outside Members –Those not members of the association who wish to borrow money from
Kasay.

3. Institute of Social Order (ISO) – A partner Non-Government Organization of Kasay Marine

Protected Area Inc. in implementing Community-Based Coastal Resources Management (CBCRM). ISO
will provide additional capital thru Loan-Revolving Fund to activate the MFP.

V. MANAGEMENT RESPONSIBILITY

Mr. Hilario G. Toralba, the Livelihood Team Leader of Kasay has been designated to manage the micro-
credit operation and shall execute his duties in accordance with the agreed-upon policies and procedures.
He shall manage the operation with diligence of a good father in terms of safekeeping of cash and faithful
recording of transactions. The status of micro-credit operations shall be reported during monthly
meetings. Before presenting a financial report, it must be examined and approved, respectively, by the
auditor and president. The micro-credit operation is exclusive to its qualified members and shall only
accept outside borrowers after 2 years of positive operation or upon the request and decision of the Board
of Trustees.

The Management Council is responsible for making regular and on time payments of loan to ISO. The
coordination and communication between the parties is either face-to-face or online/sms. In addition, the
Board of trustees, together with the assistance of Management Council may devise internal control
procedures to safeguard the operation.

FINANCIAL ASPECT

I. FINANCING

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As an accredited people’s organization, the Kasay Marine Protected Area Inc. will avail the Loan
Revolving Fund (LRF) offered by Institute of Social Order (ISO). The amount to be borrowed as an
additional capitalization for Micro-financing Program is Thirty Thousand Pesos (30, 000.00). The
principal repayment and interest are to be provided monthly for a period of twelve months or one year.
The kasay MPA has to make a fixed monthly payment of 2,843.16, composing the principal repayment
and interest. The loan rate is 1% per month and is computed based on the outstanding balance of the
Loan’s principal. Kasay will re-apply for a new loan with the same party when there is a deficiency of
fund and high demand.

ISO’s Project Officer shall monitor the operation once a month and provide assistance in preparing
monthly financial reports. The payment of principal including the interest will be paid every seventh
working day of the succeeding month. All payments due to ISO shall be made thru direct deposit or
transfer to the bank account specified below:
1. Account Name: INSTITUTE OF SOCIAL ORDER INC.
2. Account Number: RCBC# 7589783926

The Kasay MPA has to utilize its current general fund amounting to 20,000.00 as a beginning capital for
this specific segment or program so the total capital for MFP is 50,000.00

II. BASIC ASSUMPTION

Demand
The proponent will assume that the average monthly borrowers during year 1 is twenty-five (25), and it
will increase every year by five borrowers. The average monthly loan provided to members during the
first year of operation is one thousand five hundred. That amount will increase by two hundred pesos
every year. The schedule is presented thru accounting calendar year.

YEAR 1

Proposed Monthly
Average Number of Average Loan
Month Interest (INCOME
borrowers per month Amount
EARNED)
January 25 1,500.00 1,875.00
February 25 1,500.00 1,875.00
March 25 1,500.00 1,875.00
April 25 1,500.00 1,875.00
May 25 1,500.00 1,875.00
June 25 1,500.00 1,875.00
July 25 1,500.00 1,875.00
August 25 1,500.00 1,875.00
September 25 1,500.00 1,875.00
October 25 1,500.00 1,875.00
November 25 1,500.00 1,875.00
December 25 1,500.00 1,875.00
Total     22,500.00

YEAR 2

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 Average Number of Proposed Monthly
Month Average Loan Amount
borrowers per month Interest

January 30 1,700.00 2,550.00

February 30 1,700.00 2,550.00
March 30 1,700.00 2,550.00
April 30 1,700.00 2,550.00
May 30 1,700.00 2,550.00
June 30 1,700.00 2,550.00
July 30 1,700.00 2,550.00
August 30 1,700.00 2,550.00
September 30 1,700.00 2,550.00
October 30 1,700.00 2,550.00
November 30 1,700.00 2,550.00
December 30 1,700.00 2,550.00
TOTAL     30,600.00

YEAR 3
Average Number of Average Loan Proposed Monthly
Month
borrowers per month Amount Interest
January 35 2,000.00 3,500.00
February 35 2,000.00 3,500.00
March 35 2,000.00 3,500.00
April 35 2,000.00 3,500.00
May 35 2,000.00 3,500.00
June 35 2,000.00 3,500.00
July 35 2,000.00 3,500.00
August 35 2,000.00 3,500.00
September 35 2,000.00 3,500.00
October 35 2,000.00 3,500.00
November 35 2,000.00 3,500.00
December 35 2,000.00 3,500.00
TOTAL   24,000.00 42,000.00

EXPENSES:
The project is projected to incur a 12,000 total expenses for the year 1 or an average of 1,000.00 per
month. The said figure is to increase with 5% every year.

RETURN ON INVESTMENT

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Based on the projected income statement of the business, the total interest earned in year 1 is of P22,500.
The projected expenses incurred in that same year is P12,000.00. To get the ROI the illustration is drawn
below:
ROI = (22,500 –12,000) / 50,000 x 100%
ROI = 20% (the operation is fairly profitable)

CONCLUSIONS
Establishing of Micro-Credit operation appears to be feasible as shown on the evaluation of Return on
Investment of 20% on its first year of operation. Furthermore, as per experience by the proponent, having
a lending operation in the area will aid the financially underserved members during times of emergencies.

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APPENDICES

KASUNDUAN PARA SA LIVELIHOOD REVOLVING FUND PROJECT

ALAMIN NG SINUMANG MAKAKABASA NITO:

Ito ay isang Kasunduan na ginawa at pinagkasunduan ngayon ika-_________________,

dito sa tanggapan ng Institute of Social Order Inc. (ISO) ng mga sumusunod:

INSTITUTE OF SOCIAL ORDER, INC. (ISO), isang non-government organization

na nakarehistro sa Securities and Exchange Commission (SEC) at may tanggapan sa Benigno
Mayo Hall, ISO Complex, Ateneo de Manila University, Katipunan Avenue, Loyola Heights,
Quezon City, na kinakatawan ni BB. LIZA L. LIM, Direktor ng ISO;

KASAY MARINE PROTECTED AREA INC. (KMPA), isang samahan na

nakarehistro sa Securities and Exchange Commission (SEC) na may tanggapan sa Poro Barangay
Hall, Poro, City of San Fernando, La Union na kinakatawan ni JUDY S. MUNAR, Pangulo ng
KMPA;

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Ang Kasunduang ito ay nagpapahayag ng pagkakasundo sa mga sumusunod:

ARTIKULO I – RESPONSIBILIDAD NG ISO

1. Na ang ISO ay magpapahiram ng kaukulang Kapital o puhunan na nagkakahalaga ng

Tatlongput dalawang libongg Piso (PhP 32,000.00) para sa proyektong “Micro-credit
Operation” na pamamahalaan ng KMPA sa ilalim ng proyektong “Enhancing the Social
and Economic Safety Nets of Fisherfolks in Culion, Palawan and City of San Fernando,
La Union”;

2. Na ang ISO ay magsasagawa ng kaukulang paghahanda at patuloy na pag-aaral at

pagsasanay patungkol sa tamang pamamaraan at pamamahala ng proyekto para sa mga
pinuno, kasapi at kawani ng KMPA, kasama dito ang pagbibigay ng tulong teknikal na
may kinalaman sa proyekto;

3. Na ang ISO ay mag-aatas sa KMPA na magsumite ng mga ulat pinansyal patungkol sa

mga gastusin nito pati na rin ng mga ulat hinggil sa kalagayan ng proyekto;

4. Na ang ISO ay magsasagawa ng regular na buwanang pagsubaybay (monitoring) sa

proyekto lalong lalo na sa paggamit nito sa kapital (fund utilization). Ito ay magsasagawa
rin ng pagsusuri (evaluation) sa pagpapatupad ng proyekto at pagtutuos (accounting) ng
mga pinansyal na tala at ulat ng KMPA;

5. Na ang ISO ay may karapatang bawiin o kunin ang kapital na ipinahiram sa sandaling
ang kapital o ang proyekto ay hindi maayos ang pamamahala o di kaya ay ginamit sa
ibang bagay ang kapital na walang pahintulot ang ISO at maaaring ilipat ng ISO sa ibang
samahan na kabilang sa mga benepisyaryo ng proyektong ito;

6. Na ang ISO ay may karapatan na maghain ng legal na aksyon laban sa KMPA kung
mapapatunayang mayroon itong materyal na paglabag sa mga probisyong nakasaad sa
Kasunduang ito;

ARTIKULO II – RESPONSIBILIDAD NG KMPA

1. Na gagamitin lamang ng KMPA ang pondong hiniram mula sa ISO bilang kapital sa
pagtataguyod ng “Micro-Credit Program”;

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2. Na ipapatupad nito ang mga proyekto nang naaayon sa itinakdang halaga ng kapital,
gastusin, at takdang panahon ng implementasyon batay sa nabuong plano ng
pagpapatupad nito

3. Na ang mga benepisysaryo ay magmumula sa mga kasapi ng KMPA at mamamayan ng

mga barangay na bumubuo ng Kasay;

4. Na ipapatupad ng KMPA ang proyekto ng naaayon sa kanyang nabuong polisiya, sistema

at patakaran para sa isang masinop, maayos at epektibong pamamahala;

5. Na magsusumite ang KMPA sa ISO ng buwanang ulat ukol sa pagpasok at paglabas ng

pera (Cash Receipts and Disbursement), taunang ulat pampinansyal at ulat hinggil sa
katayuan ng proyekto tuwing makatlong buwan;

6. Na magsagawa ang KMPA ng mga kinakailangang pagtatala sa libo ng mga pondong

pumasok at lumabas sa proyektong ito;

7. Na sisiguruhin ng KMPA ang kanyang kaakibat na “taya” o “counterpart” (halimbawa:

labor/manpower, pondo o kapital kung kinakailangan lalao sa pagkumpuni o maintenance
ng tindahan) upang maging lalong maayos ang pamamahala at upang masiguro din ang
sinseridad ng bawat kasapi;

ARTIKULO III – KAPITAL AT PAGBABAYAD

1. Ang kabuuang kapital na ipahihiram sa KMPA para sa proyektong “Micro-financing

Program” ay Tatlongput dalawang libongg Piso (PhP 32,000.00). Nakapaloob sa kapital
na ito ang pondo para sa micro-credit program.

2. Narito ang takdang panahon ng pagbibigay ng kapital at halaga na ibibigay sa KMPA:

Proyekto Takdang Panahon ng Pagbigay Kabuuang Halaga
(Schedule of release)
Micro-credit program August 2021 Php 32,000.00

3. Ang termino ng pagbabayad ay isang taon (1 year) at ito ay papatawan ng isang

porsyentong tubo kada buwan base sa balance ng loan (PMT). Ang paraan ng
pagbabayad ay buwanan na kasama ang kapital at tubo. Ang pagbabayad ay magsisimula
pagkaraan ng apat buwang palugit (4-month grace period) mula sa petsang tinanggap ang
pondo. Narito ang takdang panahon ng pagbabayad: (Tunghayan ang kalakip Table1:
Takdang Panahon ng Pagbabayad)

4. Anumang kabayaran na lagpas sa terminong ito ay papatawan ng karampatang multa o

penalty. Ang kaukulang multa o penalty ay ipapataw kung sakaling ang pagbabayad ay
lumagpas sa takdang panahon ng termino ng pagkakautang. Ang multa ay isang
porsyento (1%) kada buwan batay sa halaga na dapat ibayad.

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 ARTIKULO IV – SUSOG O PAGBABAGO

Anumang nais na susog o pagbabago sa mga probisyong nakasaad sa Kasunduan ito ay

dapat kinakailangang may pagkakasundo ng magkabilang panig at dapat ay nakasulat sa
anumang bahagi ng kasunduang ito. Ang nasasabing pondo o kapital ay muling ipapahiram sa
KMPA batay sa magiging kasunduan ng bawat panig o maaaring ilipat sa iba pang samahan na
sa ilalim ng proyekto.

ARTIKULO V – PAGKABISA

Ang Kasunduang ito ay magkakabisa sa sandaling malagdaan ng magkabilang panig.

Na ang magkabilang panig ay matibay na sumasang-ayon at lumagda sa mga probisyong
nakasaad sa Kasunduang ito ngayon ika-_________________, dito sa tanggapan ng Institute of
Social Order, Inc.

INSTITUTE OF SOCIAL ORDER, INC. (ISO) KASAY MARINE PROTECTED

AREA, INC. (KMPA)

LIZA L. LIM JUDY S. MUNAR

Executive Director Pangulo

ACKNOWLEDGEMENT

Republic of the Philippines )

Province of ____________________)
City of ________________________)
X-----------------------------------------------)

BEFORE ME, a Notary Public for and in ________________ this _____ Day of
_______________,

NAME TIN

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 JUDY S. MUNAR 939-157-742
LIZA L. LIM 164-360-536

Known to me and to me known to be same persons who executed the foregoing

instrument and acknowledged to me that the same is their free and voluntary act and deed and of
the entities they respectively represent.

This document consists of five pages including this page where this acknowledgement is
written with all pages signed by the parties hereto and their witness on each and every page
including this page where this acknowledgement is written.

Doc. No. ________

Page No. ________
Book No. ________
Series of ________

SCHEDULE OF AMORTIZATION (PAYMENT TO ISO)

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 FIXED PRINCIPAL
PAYMENT MONTHLY INTEREST PAID
SCHEDULE PAYMENT BALANCE
(Fixed)
(A) (B) (A+B)
Aug-21 32,000.00
Dec-21 30,000.00
Jan-22 2,665.46 300.00 2,365.46 27,634.54
Feb-22 2,665.46 276.35 2,389.12 25,245.42
Mar-22 2,665.46 252.45 2,413.01 22,832.41
Apr-22 2,665.46 228.32 2,437.14 20,395.27
May-22 2,665.46 203.95 2,461.51 17,933.76
Jun-22 2,665.46 179.34 2,486.13 15,447.63
Jul-22 2,665.46 154.48 2,510.99 12,936.64
Aug-22 2,665.46 129.37 2,536.10 10,400.55
Sep-22 2,665.46 104.01 2,561.46 7,839.09
Oct-22 2,665.46 78.39 2,587.07 5,252.02
Nov-22 2,665.46 52.52 2,612.94 2,639.07
Dec-22 2,665.46 26.39 2,639.07 0.00
TOTAL 31,985.56 1,985.56 30,000.00

GRANT CHART: SEQUENCE OF EVENTS

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 Sequence of
2021  
Events
  May June July August September October November December
1. Preparation
of the feasibility
 
study/business
plan
2. Contribution
 
of Capital
3. Negotiation
with ISO
   
regarding the
LRF
4. Capacity
Building          
Activities
5. Acquire the
           
loan proceeds
6. Registration
       
with the SEC
7. Registration
with the Bureau
   
of International
Revenue(BIR)
8. Start of the
         
operation
9. Preparation
of Financial
Report and                
Assessment of
the operation

KASAY MARINE PROTECTED AREA INC.

LOAN APPLICATION FORM 20210001

PERSONAL INFORMATION

Last Name: ______________________First Name: _______________________ Middle

Name_________________
Date of Birth: ___________________ Age______ Gender: Male ( ) Female ( )
Permanent Address: ___________________________________________________________________
Mobile Number: _________________________ Land Line Number: _________________________

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 LOAN DETAILS
Desired Loan Amount: PhP
Loan Purpose:

1. Loan Amount: PhP ________________

2. Interest (5%): PhP ________________
3. Other Charges
Collector’s Fee: PhP ________________
Filing Fee: PhP ________________
4. Cash Received: PhP ________________
5. Term of the loan:
Date of loan approval: ________________
Due date: ________________

TERMS AND CONDITIONS OF THE LOAN

 5% Interest Fee shall be applied to the value of the Loan.

 Loan fees and charges are automatically deducted from cash released.
 The term of the loan is one month.

UNDERTAKINGS

I hereby certify that all information herein are true and correct based on my own knowledge and
further authorize the organization to obtain information as it may require concerning my loan application.
I also legally bind myself to the Terms and Conditions of the Loan.

_________________________________________ ___________________________
Borrower’s Signature Above Printed Name Date of Application

- - - - - - - - - - - - - - - - - - - FOR USE OF AUTHORIZED OFFICER - - - - - - - - - - - - - - - - - - -

Loan Status: ( ) LOAN GRANTED ( ) NOT GRANTED; Reason/s: ________________________

Collector’s Signature: ________________Date of agreement: __________________

STATEMENT ON LOAN/CREDIT TRANSACTION

Name of Borrower:
___________________________________________________________________________

PRINCIPAL OUTSTANDING SIGNATURE OF THE

DATE
REPAYMENT BALANCE BORROWER

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- - - - - - - - - - - - - - - - - - - posted in the system - - - - - - - - - - - - - - - - - - -

Partial

Completed

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