Loan Products

Loan Products vary by country.  We lend in local currency equivalent of US$ 2,000 – US$ 50,000.

 

Working Capital Loan – intended to augment the business revolving capital for regular operation with a duration of 6-24 months.

 

Fixed Asset Acquisition Loan – intended for fixed asset acquisition or improvement of production facilities.  Loans shall be repayable monthly over a period of 3 – 36 months. Security requirement is assignment or Chattel Mortgage in the equipment or machinery acquired through the loan.

 

Purchase Order Loan – These loans are made for up to 70% of the purchase order value and are designed to be short term to help businesses meet orders from their clients. VS provides rapid service and make loans for 1 – 12 months. Security requirement is the assignment of Purchase Order receivables to be financed by the loan.

 

High Impact Project/High Output Project (HIP HOP) – The HIP refers highly preferred projects or enterprises either because it benefits a priority sector or group (High Impact) like people with disabilities, indigenous people out-of-school youth, ex-convicts, etc. The HOP on the other hand refers to projects involving the production of a unique or specialized product like waste recycling, organic products, renewable energy and the likes.

 

Line of Credit – these loans are available to repeat clients who have already repaid five loans on time.

 

Additional loan products are under review.