PROGRAMS AND SERVICES

TSPI PROGRAMS AND SERVICES

TSPI offers a broad range of financial and social services programs which integrate spiritual values formation as well as financial literacy and livelihood skills development. The programs are designed to equip clients to become God-fearing and socially responsible microentrepreneurs. In the process, solidarity and collective responsibility are also instilled among them.

LIVELIHOOD LOAN PROGRAMS

serves as financial tools that supports the sustainability and growth of client’s microenterprises and farm production activities that enable them to maximize business opportunities.

TSPI SIKAP LOAN PROGRAM (TSLP) is a livelihood assistance program that provides loans requiring small working capital ranging from Php 1,000 to Php 4,999 payable in three to six months on a weekly basis.  It is offered to new clients, existing clients and Balik-TSPI clients who want to re-start or sustain existing livelihood. The required documents are simplified and loan applications are processed within 24 hours.  The individual should be a member of a group that is committed to collective responsibility. Members are also provided with micro insurance benefits and access to other loan programs such as healthcare, education and housing and sanitation.

TSPI KABUHAYAN PROGRAM (TKP) is a livelihood assistance program that provides collateral-free loans of up to Php 50,000, payable in three to six months on a weekly basis. To qualify, individuals with livelihood or microenterprise operating for at least three months must join other borrowers to form a group of up to 30 members. The group is committed to collective responsibility on individual loan of members, as a way of instilling credit discipline and fostering group solidarity. Members are also provided with microinsurance benefits and access to other loan programs such as healthcare, education, housing and sanitation.

 

TSPI MAUNLAD PROGRAM (TMP) is a loan program offered to microentrepreneurs who have higher capital requirement. It is open to both existing TKP clients and new clients with business that has been continuously operating for at least two years and a business capital of at least Php 60, 000. TMP offers loans ranging from Php 30, 000 to Php 300, 000, payable in three to 24 months. The repayment schedule is flexible with weekly, semi-monthly and monthly options based on client’s cash flow. Collateral is required only for loans above Php100, 000. Members are also provided access to microinsurance benefits and other loan programs such as healthcare, education, housing and sanitation.

 

TSPI PROGRAMANG PANG-AGRIKULTURA (TPP) is an agriculture lending program that offers production loan for rice, corn and high-value crops. It provides small farmers with more affordable funds for the cost of farming inputs and labor up to Php 200,000 for a maximum of five hectares. Generally, the loan is payable in lump sum at the end of the cropping season or in multiple payments during harvest for high-value crops. To qualify, members must be part of a group with maximum of 30 members. The group is committed to collective responsibility on individual loan of members, as a way of instilling credit discipline and fostering group solidarity. Members are also provided with micro insurance and crop insurance benefits. They also have access to other loan programs for water pump installation, other agri-related livelihood activities, healthcare, housing, and sanitation.

 

SOCIAL LOAN PROGRAMS

help our clients address the basic needs of their household. They also contribute to higher productivity and protect clients’ capital for livelihood through access to other financial facility for non-business related needs.

HOME IMPROVEMENT AND SANITATION LOAN PROGRAM (HISLP) is a loan facility for housing and toilet improvement, water source installation and electrical connection fee. Loan amount ranges depending on the available maximum exposure per program payable in six months to three years.

 

HEALTHCARE LOAN PROGRAM is offered to clients in partnership with Philhealth through its program for organized groups. This gives members and their dependents access to personal healthcare services. Clients have the option to pay their health insurance premium through TSPI, either in the form of cash deposit, withdrawal of capital build-up (CBU) or loan payable up to six months, with weekly repayment.

 

EDUCATIONAL LOAN ASSISTANCE PROGRAM offers loans for any school-related expenses of clients’ children who are in pre-elementary to post-graduate level. The amount of loan depends on the educational level, at a maximum of P20,000 payable in three to six months, with a weekly repayment schedule. Special training courses for clients and immediate family members can also be covered by this program.

 

LIFE INSURANCE AND CREDIT LIFE INSURANCE PROGRAMS Microinsurance Services are offered to our employees, members and their immediate families through TSPI Mutual Benefit Association, Inc. to help cushion the effects of disability or death of family members.

 

Microinsurance Products

TSPI MBAI insurance plans are called “KAAGAPAY PLANS”. The term “kaagapay” is a combination of the Filipino words “ka” meaning associate/fellow and “agapay” which means to assist or to be by one’s side. Members can avail the following: 

Kaagapay Basic Life Insurance Plan (BLIP) – It is a mandatory insurance with a premium of P240 per annum. The coverage includes death and accidental death benefits, accidental dismemberment/disablement and total and permanent disability. It covers both the member and qualified dependents. Members have equity value equivalent of P120 or 50% of the premium.

Kaagapay Life Plus Insurance Plan (Life Plus) – It is an optional plan with a premium of P240 per annum and a benefit twice as that of BLIP. It can be availed up to 5 units per member at any given time.

Kaagapay Life Max Insurance Plan (Life Max) – It is an optional plan with a premium of P650 per annum. The coverage includes death, accidental death, hospital income and total and permanent disability benefits. It can be availed up to 5 units per member at any given time.

Kaagapay Golden Life Insurance Plan (GLIP) – It is an optional plan for those who have been BLIP members for at least six (6) years prior to reaching the age of 66. The premium of P9,950 is payable in 10 years. The coverage is up to age 100.

Kaagapay Credit Life Insurance Plan (CLIP) – It is a mandatory credit plan for members that offers both life and credit life insurance benefits. The premium is P1 per thousand of loan availed per week.

Kaagapay Mortgage Redemption Insurance (MRI) – It is a mandatory credit plan for members that covers the outstanding loan amount of the client. The premium is P10 per thousand of loan availed per year.