SERVICES
Our company offer a wide range of cutting-edge technology services designed to help businesses of all sizes achieve their goals.
Savings
All group members will be encouraged to save regularly by:
- a group cashbox in which people can deposit or withdraw money once per week.
- a SCPI individual saving account in which people can deposit or withdraw money at any time when coming at the branch office or once per month during a group meeting.
- Interest for SCPI savings account at 6% per annum.
Loans
Group members can access a SCPI loan to start or develop their activity.
- Partners can benefit from group training and savings services, even if they do not access a loan from SCPI.
- All group members are informed about the risk of over-indebtedness as a result of training organized before loan release and accurate loan analysis.
- The loan is adapted to each group member’s needs and repayment capacity; especially to households earning irregular revenues
- Interest rate at 2.5% monthly and frequency of payment are monthly or bullet (lump sum) No barriers on loan. (meaning no collateral, no surcharge and no joint liability/ co-maker).
Trainings
Every month, one hour of group training organized for all group members in the area on specific business, social or agri- cultural topics
- to build group members’ capacities to be successful when running their activities.
- to develop new competencies and gain new ideas to improve their activities.
- to address social or sanitary issues at home.
Community-Managed Microfinance Scheme
SCPI rolled-out its highly innovative microfinance model known as Community-managed microfinance scheme (CMS) in the remote villages of Northern Samar particularly in the municipalities of Catarman, Lope de Vega, Bobon, Mondragon, and San Roque. Under the model, CMS Groups are organized and trained on how they operate their own microfinance program. It builds assets of the poor mainly through savings and other CMS risk-managing financial services.