26/03/2026
Livelihood Assistance Program โ Group-Based Soft Loan Facility
The Cooperative proudly launches the Livelihood Assistance Program (LAP), a group-based soft loan initiative designed to support small entrepreneurial activities among members and their communities.
โจ Program Objectives:
Promote income-generating activities and sustainable livelihoods
Provide accessible financing with affordable loan terms
Encourage collective responsibility through group-based lending
Support poverty alleviation and community economic growth
Program Highlights:
Group Structure: 5โ10 members per group with elected officers (Leader, Treasurer, Secretary)
Loan Amount: โฑ20,000 โ โฑ200,000 per group, based on project viability
Interest Rate: 12%โ18% per annum (soft rate)
Loan Term: 6โ24 months, depending on the livelihood activity
Repayment Options: Monthly, bi-weekly, or seasonal amortization
Group Liability: All members sign a Joint and Solidary Liability Agreement to ensure repayment
Additional Support:
Financial literacy and business management training
Ongoing monitoring, mentoring, and technical assistance
Potential partnerships with LGUs or development agencies for capacity building
This program is designed to empower members, strengthen group accountability, and foster sustainable livelihoods while promoting responsible borrowing and financial discipline.