SEC

Form BP-FCLC
FINANCING AND LENDING COMPANIES
In Compliance with SEC Memorandum
Circular No. 3, Series of 2022

SECURITIES AND EXCHANGE COMMISSION
BUSINESS PLAN
[Date: Day/Month/Year, e.g., 05 May 2022]


[Name of Financing Company/Lending Company]

Certificate of Authority to Operate as a Financing/Lending Company No. [Number]
[Principal Office Address]
[Email Address per SEC Memorandum Circular 28, Series of 2020]


Instructions:

Fill in the fields with the required information and submit all annexes herein indicated. You
may continue on a separate sheet, if necessary. Avoid leaving any item blank. Write “N/A”
if the information required is not applicable or “NONE” if non-existent. In labeling the
annexes, place the label on the top right hand side of the document.


I. Plan of Operations

1. Company’s corporate goals within the next three (3) years

Increase Client to 3,000
________________________________________________________________________________________________________________

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2. Financial internal control procedures

________________________________________________________________________________________________________________

________________________________________________________________________________________________________________

________________________________________________________________________________________________________________

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Rev. 0 [Name of the Company]

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SEC Form BP-FCLC
FINANCING AND LENDING COMPANIES
In Compliance with SEC Memorandum
Circular No. 3, Series of 2022

3. Company’s marketing program

a Total Number of
Existing Borrowers1 1,200

b Target Market
(e.g., unbanked, MSMEs, OFWs, Micro Business
professionals)

c Area/s of Operation
(e.g., Region I, NCR, nationwide, CALABARZON
Pasay City)

d Promotion/Advertising
(e.g., social media [please None
specify], TV, radio, flyers)

e Mode of Distribution
(e.g., e-wallet, point of sale, over Bank Deposit
the counter bank)

4. Source of additional operating capital

None
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II. Credit Process

1. Credit Criteria (KYC process in assessing creditworthiness of borrowers)

(Please attach as Annex A)


2. Diagram/Workflow of Loan Application Process (walkthrough of the loan process)

A. Diagram/Workflow

(Please attach as Annex B-1)


B. Narration/Explanation

(Please attach as Annex B-2)

1 For existing financing and lending companies (FCs and LCs), cut-off date is 31 March 2022. For FCs and LCs
incorporated subsequent to 3 March 2022, cut-off date is 60 days from issuance of Certificate of Authority. For FCs
and LCs which will amend the SEC Form BP-FCLC, cut-off date shall be the date of the amendment.
Rev. 0 [Name of the Company]

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SEC Form BP-FCLC
FINANCING AND LENDING COMPANIES
In Compliance with SEC Memorandum
Circular No. 3, Series of 2022



3. Sample Copy of the Loan Disclosure Statement in compliance with the Truth in
Lending Act

(Please attach as Annex C)


4. Loan Products and Pricing Parameters

(Please use the template provided and attach it as Annex D)

5. Sample Computation of Effective Interest Rate (EIR) for loans covered by SEC
Memorandum Circular No. 3 Series of 2022

(Please use the template provided and attach it as Annex E; for companies with more than
one method of computing EIR, please continue in a separate sheet)



III. Collections/Customer Service Process

1. Diagram/Workflow of Collection Process

A. Diagram/Workflow

(Please attach as Annex F-1)


B. Narration/Explanation

(Please attach as Annex F-2)


C.
Customer Service Division/ Unit/ Personnel

(Please describe/explain the company’s policies and processes in handling customer
queries, concerns, and complaints, and attach the description/explanation as Annex F-3)


2. Third Party Service Providers (TPSPs)

Name of TPSP Registration Registration/ Accreditation
(Indicate the name of the (Indicate which government agency the Number and Date of Registration/
individual, partnership, law company is registered with, e.g., Securities and Accreditation
firm, corporation, etc.) Exchange Commission, Department of Trade
and Industry, Bangko Sentral ng Pilipinas.
If individual, indicate independent contractor)

a None

Rev. 0 [Name of the Company]

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SEC Form BP-FCLC
FINANCING AND LENDING COMPANIES
In Compliance with SEC Memorandum
Circular No. 3, Series of 2022

e


3. Compliance with SEC Memorandum Circular No. 18, Series of 2019 (Prohibition on
Unfair Debt Collection Practices of Financing Companies and Lending Companies)

(Please attach proof of compliance with Section 4 as Annex G)



IV. Online Lending Platforms (OLPs)

1. List of existing OLPs owned, operated, and utilized by the company

Name of Launching Social media or OLP logos Digital distribution
OLP date of OLP websites platform
(Indicate URL) (e.g. Google Play, App
Store)

a
None

2. Compliance with SEC Memorandum Circular No. 19, Series of 2019 (Disclosure
Requirements on Advertisements of Financing Companies and Lending Companies
and Reporting of Online Lending Platforms)

(Please attach previously submitted SEC Form 1/ Form 2 [on or prior to 2 November 2021] as
Annex H, if applicable)

Rev. 0 [Name of the Company]

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SEC Form BP-FCLC
FINANCING AND LENDING COMPANIES
In Compliance with SEC Memorandum
Circular No. 3, Series of 2022


Mariam Life Lending
Aquilina M. Oca Incorporated
I, ________________________, President of ___________________________ (the “Corporation”), hereby
(name) (name of company)
certify that all the information set forth in the above report is true and correct to the best of my
own knowledge and belief.

On behalf of the Corporation, I hereby undertake to timely apprise the Securities and
Exchange Commission (the “Commission”) of all relevant changes in the submitted information as
they arise. I further undertake, on behalf of the Corporation, to submit an Amended Business Plan
(SEC Form BP-FCLC) containing the new information within ten (10) days before implementing
the changes in such form and manner prescribed under the rules and regulations implemented
and as may be subsequently promulgated by the Commission.



Aquilina M. Oca
___________________________________________________
Signature of the President over Printed Name



REPUBLIC OF THE PHILIPPINES )
IN THE CITY OF ) S.S.



SUBSCRIBED AND SWORN TO before me this ____ day of ______________, _____ the above
affiant exhibiting to me his/her Tax Identification Number ______________ issued at
____________________ on ____________________.



NOTARY PUBLIC


Doc. No. __________
Page No. __________
Book No. __________
Series of __________

Rev. 0 [Name of the Company]

Page 5 of 5
 ANNEX D

Template for II (4) Loan Products and Pricing Parameters

Type of Loan Minimum Loan Monthly Other Fees Monthly Fees/Penalties Total Cost5 Mode of Payment
(e.g., payday loan, and Tenor1 Nominal and Charges3 Effective for Late Payment (indicate the (e.g., online bank
salary loan, amount) transfer)
Maximum (e.g., 30 days, Interest (indicate the fee Interest Rate4 or Non-payment
business loan, car 2 months) and its
Loan Value Rate2 (e.g., 15%) (e.g., 5% per month on
loan, general corresponding
(e.g., Php5,000 - (e.g., 6%) outstanding scheduled
purpose loan, rate/amount, e.g.,
Php10,000) amount due)
unsecured) Processing Fee -
Php200)

Processing Fee
Capital Loan 5,000-4,000 18 weeks 4.44% 4.44% None None Bank
1.5% of total
Deposit
Loan

1 Loan tenor refers to the length of time to repay the principal loan amount with total interest and other fees and charges.
2 Nominal Interest Rate refers to the contractual rate or the price paid for the use of money and is expressed as a percentage of the total amount borrowed without considering other
fees and charges.
3 Other fees and charges refer to additional fees, imposed on top of the nominal interest charges. Examples of these are processing fees, service fees, notarial fees, origination fees,
transfer charges, documentary stamp tax, and disbursement fees, among others, but excluding fees and penalties for late payment and non-payment.
4 Effective Interest Rate (EIR) refers to the total nominal interest paid plus other fees and charges, excluding penalty and late payment fees, expressed as the rate that exactly discounts
estimated future cash flows throughout the life of the loan to the net amount of loan proceeds. It shall follow the calculation models implemented in the Truth in Lending Act.
5 Applies to all interest, other fees and charges, and penalties.
 ANNEX E

Template for II (5) Sample Computation of EIR for loans covered by SEC Memorandum Circular No. 3 Series of 2022

Tenor (days)
No. of repayments
Principal amount
Nominal Interest rate (per month)
Nominal Interest rate (per
day)
Other fees and charges
Other fees and charges
(% of Principal Amount)

Repayment Gross Loan Cash Flow Principal Nominal Other fees Effective Principal Outstanding
period Interest Interest repayment Balance
0
1
TOTAL

Summary
Effective Interest Rate = =
(using excel IRR function)

Monthly Effective Interest Rate = % per month
(MEIR) =
(using excel IRR function) (% per day)