Consumable Loan

Consumable Loan

For low income individual or family who doesn’t have collateral asset and need small money for general use to support immediate need.

 Product Design 

Currency type

Loan size

Interest rate

Loan term

Repayment type



  Up to $100.00


100% per year

Up to 06 Months

Equal monthly interest and principal payment (Annuity)

Not required


     Disbursement and repayment:      At the office or transfer via transfer agent such as E-Money, Wing....


Client’s criteria to get loan

  •  Legitimate individual aged from 18 year old.
  •  Have specific business or job.
  •  Have specific address or resident.
  •  Have personal telephone that can contact all time.
  •  Have good character and willingness to repay loan.
  •  Have not involved with any crime.
  •  Have co-borrower or guarantor.

Document Requirement

  •  Documents identify borrower and co-borrower such as ID card, passport...
  •  Documents identify address of borrower and co-borrower such as family book, resident book...
  •  Labor Card for staff/worker of the company/garment.
  •  Photo of borrower and co-borrower.

Other Requirement

  •  Must repay timely following schedule repayment.
  •  Must pay penalty on late repayment.
  •  Must agree all point in loan contract and make thumbprint in front of credit officer.
  •  Ensure to provide information and all related documents accurately, sufficiently, legally when the MFI needed.
  •  Did not require collateral but must have co-borrower or witness or guarantor.
  •  Co-borrower has to acknowledge loan borrowed by borrower. In case borrower have not paid repayment following schedule payment timely,    Co-borrower have to :
    •  Reimbursement instead of borrower.
    •  Accept for selling personal or family wealth to repay loan of borrower.
    •  Accept to repay loan instead of borrower when borrower died or escape.

Repayment Condition

Client can repay apart or full amount of loan at early maturity date. If repayment amount over installment, the surplus amount will be kept in client’s account to offset the next installment. If client pay off the loan, The MFI will not charge the remaining interest.

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