FACTS ABOUT CWSLAI LOYALTY INCENTIVE (CLI)
Q: What is CWSLAI Loyalty Incentive or CLI?
A: CLI is an incentive given by the Association to its member-borrowers for loyalty and continuous patronage of our loan products.
Q: When was the CLI approved?
A: CLI was unanimously approved by the BOT during the Regular Board Meeting held on January 29, 2015.
Q: Who are entitled to CLI?
A: All members with existing loan on a CURRENT Status as of December 31, 2014, provided said loan was granted before 2014.
Illustration: List of loans (Borrower A)
Q: How do we compute for the CLI using the illustration above?
A: CLI for entitled loan is computed by multiplying the Interest paid for 2014 by 3% (as approved by the BOT) in this case;
CLI for 60ML of the borrower is equals to P300.00.
P10,000.00 x 3%=P300.00
Q: Since his 60EL did not qualify for CLI for 2015 when can he be qualified to receive CLI?
A: His 60EL shall be qualified for 2016 CLI. (5,000.00 x 3%=150.00)
Q: Are terminated accounts after December 31, 2014, qualified for CLI?