To extend the necessary assistance and alleviate the condition of those severely affected by typhoon “Lawin”, MEMABA is offering a Calamity Loan to all members whose provincial address are located in provinces declared under state of calamity such as Cagayan , Mountain Province, Ilocos Norte, Ilocos Sur, Kalinga, Apayao and
The maximum loanable amount is Php30,000.00 subject to the 10% THP (Take-home-pay) policy. The loan shall incur an interest rate of 4.5% per annum, payable up to a maximum of three (3) years. MEMABA is waiving the requirement of submitting a Barangay Certificate .
To avail of this loan, a member must submit a duly accomplished MEMABA Loan Application Form on or before November 18, 2016.