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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1378 |
The President/Chief Executive Officer Home
Development Mutual Fund
The Administrator, KKK-PCA
The National Action Officer, KKK Kasipagan Homes
Pursuant to Letter of Instruction No. 1368 declaring as government policy the Self-Reliant Home Movement or the Kilusang Sariling-Sikap, the following are hereby directed:
A.
A Pag-Ibig-cum-KKK Livelihood Kasipagan Loan Program for Pag-Ibig
members is hereby established subject to such rules and regulations as
may be promulgated by the HDMF Board of Trustees and the KKK National
Secretariat and subject further to the following guidance:
1.
The Program shall have two components: the Pag-Ibig Minor Home
Improvement and the Small Livelihood Loan Components.
2. The Minor
Home Improvement shall have a loan ceiling of P5,000 per member; the
Livelihood Component shall have a loan ceiling of P2,000 per member.
3. Interest
rate for both components shall initially be at 12% per annum.
4. Maximum
term of both loans shall be two years.
5. The Program
shall be implemented in several phases with the personnel of the
Ministry of Education & Culture and Sports and the Armed Forces of
the Philippines as the initial beneficiaries.
B. The HDMF and the KKK National Secretariat/PCA are hereby directed to set aside One Hundred Million Pesos (P100M) and Forty Million Pesos (P40M) respectively from their funds to finance this Program.
C. The HDMF and the KKK National Secretariat shall issue the appropriate guidelines for the efficient implementation and use of funds of the Program.
Done in the City of Manila this 14th day of February, in the year of Our Lord, nineteen hundred and eighty-four.
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Since 19.07.98.
