CORE GATEWAY COLLEGE INC.

Maharlika Highway, San Jose City

Nueva Ecija, Philippines CGCI

Financial Management:
Financial Institutions in San Jose City
TAM-AN BMPC
LGMC Lending Center Inc.

Aslain, Rehana
Arendela, Analiza
Bonifacio, Krisser Ann
Submitted by: Castelo, Nikki
Domingo, Jasmin
Domingo, Phola
Espanol, Maureen
Masupil, Rose Marie
Sixto, Desiree
Somera, Alyssa
Tumampo, Ernani
Valejo, James Ryan
Viloria, Vincent

Submitted to:
Franz Ervy D. Mallari
Financial Management Teacher
 TAM-AN BMPC
Address: Stall #8, New Belena Building21, Rafael Rueda Sr., San Joce
City, Nueva Ecija

A. HISTORY OF THE FIRM

The Tam-an Banaue Multi-Purpose Cooperative (Tam-an BMPC)started in 1989 when Mr.
Jose D. Tomas,Sr., after witnessing the positive effect of having an organization, the group
eventually established the Tam-an Multi-Purpose Cooperative (TMPC) on May 9,1991 with 30
members, P25,000 in assets and its main office located in Tam-an Banaue, Ifugao.

However, like any organization, TMPC was not without predicaments. The cooperative has
also experienced going through ups and downs. After experiencing being almost on the brink of
bankruptcy because members were not able to pay their loans and due to the economic crisis, no
banks were willing to lend them money.

Fast forward to about 29 years later, with close to two billion pesos in assets, TBMPC is
home to hundreds of thousands of members from the Cordillera Administrative Region, Central
Luzon and Cagayan Valley.

Furthermore, the advocacy of Tam-an Banaue Multipurpose Cooperative on saving has made
an impact in the mentality of the members especially in terms of acquiring loans. In fact, one of
the things the cooperative is proud of is that it was able to “save” those who often rely on loan
sharks for loans/credit. Even members would just use their deposit as operating capital and often,
for business expansion.

For this humble cooperative from the mountains of Banaue has not only increased in its
membership but has also made possible the attainment of numerous peoples’ dream, not only for
hog raisers but also those of farmers, businessmen, tricycle drivers, jeepney drivers, students, and
literally people from all walk of life – people like the cooperative’s CEO who, despite the
difficulties this life has to offer, would give all their shot and their best to rise above whatever
difficulties that come their way.

The target of the cooperative to reach its first billion asset in 2017. It already has achieved
in November 22, 2016 yet Tam-an BMPC did not stay complacent. It keeps soaring high like an
eagle and thought the synergy efforts of all branches, before 2018 ended, it has already reach P1.8
billion in assets. Come year 2020, the cooperative is looking forward to reaching an asset of P2.5
billion.
VISION

“Tam-an Banaue Multi-Purpose Cooperative invision a viable progress and professionally

managed cooperate providing quality, financial services and responding to the need of members
and the community”

Mission

“Tam-an Banaue Multi-Purpose Cooperative aims to extend financial services to entrepreneurial

poor to improve their quality of life”

T-Trustworthy N-Nobility in Service

A-Accessibility M-Maker of Dreams

M-Moral Upright P-Pillar of Progress

A-Accountability C-Committed to uplift lives

B. PRODUCT/ SERVICES OFFERED

 Regular Savings Deposit

- Minimum balance to earn interest of P1,000.00, withrawable anytime with 2% per
annum

 Pangarap Savings
- Minimum balance to earn interest of P1,000.00, withrawable after 1 year with 4%
per annum

 Tubong Kids Savings

- Minimum balance to earn interest of P1,000.00, withrawable after 5 year with 6%
per annum

 Time Deposit

Quick Loans they offered:

1. Regular Loan 3. Business and commercial Loans
4. Private Utility Vehicle (PUV) Loan
2. Market Vendors Loan
5. Public Utility Jeepney (PUJ) Loan
 6. Tricycle Loan 14. Agricultural Loan
7. Motorcycle Loan 15. Emergency Loan
8. Cellphone Loan 16. Farm Input Loan
9. Computer or Laptop Loan 17. Pangmatatag na negosyo Loan
10. Appliance Loan 18. Pandagdag puhunan Loan
11. Furniture Loan 19. Walang iwanan negosyo Loan
12. House Improvement Loan 20. Kabalikat Loan
13. Rice Loan

C.TARGET CLIENTS/ CUSTOMS

 Entrepreneurs
 Farmers
 Tricycle drivers
 Jeepney drivers
 Students
 All (no age limit)

D. CRITERIA OF THE LOAN APPROVAL/ DISAPPROVAL

 Character
 Capital
 Collateral
 Capacity
 Condition
 Common Sense

E. PROCESS OF LOAN AND REQUIREMENTS

Loan Application

Member

Verification

Approval

Releasing

Collection
Loan Requirements for Microfinance

- 4 pcs. 2x2 ID pictures (husband and wife)

- Photocopies of any valid ID (husband and wife)
- Sketch of permanent address
- Barangay clearance
- Electric bill or water bill
- CI/ BI fee

Loan Requirements for OR/ CR as Collateral

- 4 pcs. 2x2 ID pictures (husband and wife)
- Photocopies of any valid ID (husband and wife)
- Original certificate of registration
- Original official receipt
- Stencil of motor No./ chassis No.
- Picture of the collateral
- Special power of attorney (if the borrower is not the owner)
- Sketch of permanent address
- Barangay clearance
- Electric bill or water bill
- CI/ BI fee

Loan Requirements for Title as Collateral

- 4 pcs. 2x2 ID pictures (husband and wife)
- Photocopies of any valid ID (husband and wife)
- Original owners’ copy of title
- Sketch plan
- Tax declaration with latest tax receipt
- Tax clearance
- Special power of attorney ( if the borrower is not the owner)
- Affidavit of none – tenancy if the lot is over 1,000sq.m
- Picture of collateral
- Sketch of permanent address
- Barangay clearance
- Electric bill or water bill
- CI/ BI fee
Conclusion:
Therefore, we conclude that this lending institute that we interview is open to all kinds of people
to help. In terms of leading money. They ensure that the borrower had the capacity to pay their
monthly due. The said bank was putting 2% interest on the money that being saved on their
institution. While on the bank they only put 1% per annum.

LGMC Lending Center Inc.

Address: Unit 4, Nolasco Building, Bonifacio Street, Rafael Rueda, San Jose City, Nueva Ecija,
Philippines

Offers business loans for small business owners like bakeries, cafes and in the fish market

TARGET CLIENTS: Farmers and small business owners

CRITERIA OF LOAN APPROVAL:
1. Upon application the client will undergo CI report and the CI staff will visit the business or
land (horticulture and agronomy)

CRITERIA OF LOAN DISAPPROVAL

1. Does not have the capacity to pay
2. Depends on business, for example the business is just starting and has no assurance of success
3. Depends on lifestyle
REQUIREMENTS:
- Brgy. Clearance
- Police Clearance
- 2x2 picture
- Valid I.D (voters ID, LTO, Driver’s license)
Conclusion:
This institution our being private in terms of giving information for those who inquire, they only
release information you become a member. They also added that the given information is
confidential. The manager stated that their lending institution were newly open, so, they don’t
have information about the history. Therefore, we can say they aren’t that confident or
experience in promoting services.

Appendix:

Figure 1 Figure 2