This loan program mainly focuses on barangay officials who are looking for capital to start or fund a small business. The Barangay Chairman and Barangay Council members are allowed to borrow this credit program.
Barangay Chairman & Barangay Council members (Kagawad, Secretary and Treasurer) who are not more than 64 years old and currently serving as Barangay Officials.
Amount of Loan
Maximum of P80,000.00 for the first availment
Maximum of P100,000.00 after first availment
One (1) year term; eleven (11) monthly of four (4) amortizations depending on the Schedule of Honorarium.
Two (2) years term; twenty two (22) monthly or eight (8) amortizations depending on the Schedule of Honorarium.
A. For the borrower
Current year Community Tax Certificate
Latest 2x2 ID Picture
Valid ID's or Oath of Office
Appointment paper issued by the DILG Office
Sketch of Residence
B. For the Barangay
Executions of Memonrandum of Agreement (MOA) between RBI and Brgy. Chairman and Treasurer
Latest Barangay Payroll
DILG ID of Brgy. Chairman & Treasurer
Appointment Paper of Brgy. Chairman & Treasurer
Schedule of Honorarium from the DILG Municipal or City (One(1) time only at MOA signing)