Ermay Lending Corp. is the first microlending franchise offering salary loans and other loan products such as seaman's loan, small business loan, and pensioner's loan.
Ermay Lending Corp. is offering a SINGLE unit franchise for the operation and development of a unit within a trade area.
The average initial investment for an Ermay Lending Corp. franchise for a unit of 30 sq.m. costs ₱ 2.5- 4.2M inclusive of the Franchise Fee of ₱ 350,000, but exclusive of VAT.
The total investment covers the following:
The franchise owner and the designated management team and outlet personnel will be given extensive training both at the franchisor headquarters, as well as the franchisee store. including a dry-run or soft opening. The training will be conducted within 7 days before the grand opening of the franchisee store. Covering all aspects of the business operation and management as well as customer service.
As our franchisee, you will receive continuing support from us during the term of the franchise as follows:
You will not be granted an exclusive territory. Ermay Lending Corp. shall grant a single unit franchise for every 50,000 population in a given trade area. However, the franchisor will see to it that each site will service the population to the fullest to make the business viable.
The initial term of the franchise agreement is 6 years, renewable to 2 additional terms of 3 years each for a total of 12 years.
The franchisee searches for their location and submits the sketch location map and details of the proposed location to the franchisor for evaluation and approval.