BORROWER QUALIFICATION
Only bona fide members of PCGSLAI who have paid the required minimum capital contribution and has the capacity to pay shall be qualified to make a loan from the Association.
• BONA FIDE MEMBER- one that falls within the definition of membership as defined by the Articles of Incorporation and By-Laws.
• A member has the “CAPACITY TO PAY” when he/ she is able to show proof or evidence of regular financial source or incomesufficient to pay the obligation.