This refers to the amortized cost of small loans granted to the basic sectors, as defined in the Social Reform and Poverty Alleviation Act of 1997 (Republic Act 8425), and other loans granted to the poor and low-income households for their microenterprises and small businesses so as to enable them to raise their income levels and improve their living standards. These loans are granted on the basis of the borrower’s cash flow and are typically unsecured.

 TERM:

Minimum  of  90 days on MF loans.

Maximum of one (1) year on MF loans.

NOTE: The mode of Payment can be daily, weekly, or monthly.