PROJECT PROPOSAL TO PHILIPPINE VETERANS BANK

PROJECT INFORMATION

Company Name:

SENIORRS & ASSOCIATES FINANCIAL CONSULTANCY (SAFC)

Project Title:

PVAO LOAN (EXTENDED 5-YEAR TERMS) PROGRAM

FOR YOUNG WIDOWS & AFP RETIREES

PROJECT SUMMARY:

We present this project to propose for the expansion of the radius of your
services for young widows and AFP retirees who are just turning 65 year-old entitled
to PVAO pension. SAFC has been in the industry of marketing the PVAO pensioners
in partnership with Rural Bank of Cardona, and in the span of five (5) years, we were
able to inject 80Million pesos production. SAFCs objective is inclined with your
slogans EMPOWERING TODAYS HEROES, EMPOWERING YOU. In helping our
todays heroes, their surviving spouses and heirs to patronize the services of their
own, in this way, theyre also upholding the legacy of our past heroes.

PROJECT BACKGROUND:

In our past experience in dealing with these newly young widows, we

observed that they are in dire financial problem and in need of big amount of
money that will defray the burial expenses of their husband that has been demised,
while others are have been focused on how to survive the educational expenses of
their children. We have also found out that these newly AFP retirees are also in
need of bigger amount of money to use as capital for their business, while some
others are also in need for educational expenses of their grandchildren who wishes
them to finished their studies, some will use it to funds the house renovation.
Because of the above situation, these PVAO pensioners resorted to transfer
their existing bank account to another banks/SLAIs such as CWSLAI and AUB on the
ground that these banks/SLAIs are offering longer terms of loan (for your kind
perusal, the sample loan voucher, amortization schedule of AUB and CWSLAI are
made forms part hereof).
Based on the research that we have conducted we found out on the database of PVAO, it reflects the total statistics of active pensioners as of February 2015
is Two Hundred Nineteen Thousand Seven Hundred Six (219, 706). The breakdown
of the PVAO active pensioners, are as follows:
A.
B.
C.
D.

AFP Retirees :
AFP Spouse :
WWII Veterans
WWII Spouses

58,000
37,550
:
77,200
:
46,600

Additional information for the last six (6) months, the newly approved pension
was in total of 9,136 which are breakdown as follows:
Month

Number of NOTICE OF APPROVAL (NOA)

September 2014:
October
November
December
January (2015)
February (2015)
Total :

815
560
501
942
804
338
9,136

SAFC has the list of names and complete address of the above newly approved
PVAO Pensioners.

PROJECT OBJECTIVE
The main objective of this project is to solve the financial problem of these
young widows (PVAO Pensioners) and AFP retirees who are just starting to receive
pension at the age of 65, by extending them loan up to 5year terms for them not
to transfer their existing PVAO savings account from PVB to other banks/SLAIs , by
giving them five (5) year terms of loan;
The main objectives of SAFC are:

Market the product

Increase the sales
Maintaining higher collections
Assist the PVB in risks management plan

PROJECT METHODOLOGY

PVB will finance the PVAO Pension Extended Five Year Terms Loan
Program.

The SAFC will undertake the marketing through product promotion and
awareness.
PVB will pay the SAFC of 5% of the loan value, as marketing/consultant
fee, for every approved loan transaction.
The SAFC will conduct the initial screening to prevent fake loan done
by unscrupulous fixers.
The SAFC is dedicated to increase the sales by setting and achieving
monthly quota.
PROJECT RISK MANAGEMENT PLAN
The SAFC will help to reduce the risks of uncollectible by reason of
death of young widow and AFP retirees PVAO pensioner through
acquiring credit redemption insurance.
The SAFC will help maintaining high collections, by assisting the
pensioners for updating and validation in PVAO.
The SAFC will protect the PVB from fake loan if any uncollected loan
transaction due to fake pension, the SAFC will pay for the fake loan
deducted to the marketing fee.
CONCLUSION