Due to MOD’s objective in helping more VAs attend to their needs as an added incentive, be it an  updated computer, home repairs, emergency, school assistance and others, we have an existing loan program subject to VA’s eligibility. 


Term : minimum of 1 months, and maximum of 6

Loanable Amount : management’s prerogative, maximum of $1,000.00

Interest : 5% per month
To be approved, you have to:
  • Be a MOD VA for the past 6 months under 1 client with no issues, cases or memos 
  • Have a co-maker who is a fellow MOD VA who has been with MOD for no less than 1 year, and is willing to take over the loan should something happen to the borrower VA 
  • Have good VA standing (meaning, no memos or client issues, no cancellations or only cancellations resulting from client set-up or financial reasons, and should be an active participant in MOD gatherings). 

Below are the conditions:
  • Loans Manager (Lily Flor) will screen and approve the VA for eligibility (owners have the prerogative to reverse this approval) 
  • Amount of loan is also to be determined depending on the outcome of this screening 
  • Loan amounts over $400.00 will require a guarantor. Having no guarantor will merit disapproval. 
  • VA and guarantor are required to sign the promissory note, and VA will have it notarized and send back to HR (Quelly). 
  • Loan release date is by schedule depending on the availability of funds. 
  • Loan payment starts on the next payroll after loan release date.