IS it Legal?
LAST MARCH 16, 2012 APPROVED BY:SEC. DIRECTOR BENITO CATARANGlobal Money Inc. now has its newly registered mother company.ECC LIVELIHOOD SOCIAL SERVICES INCORPORATED.CERTIFIED SEC. REGISTRATIONNUMBER: CN201205430CERTIFIED BIR. REGISTRATIONNUMBER: 008-248-539
Who is the Company Owner?
Ed C. Caceres Jr.
Owner of Caceres Lending Investor Company
2nd Level Margarita Commercial Center, Mariquita Pueblo Street
Dita Sta. Rosa City, Laguna Philippines
WHAT IS MEMBER’S BENEFITS?
YOUR 1,000 pesos Investment gives you:
1.Life Insurance (Lifetime)
P100,000 Accidental Death
P100,000 Total and Permanent Disability
P24,000 Monthly Cash Allowance ( P2,000 x 12 months ) if incapacitated due to accident.
P12,000 Monthly Grocery Provision (P1,000 x 12 months ) if incapacitated due to accident
P10,000 Burial Assistance due to Accidental Death
P25,000 Unprovoked Murder & Assault
NOTE: The company will be the one to pay for the renewal of the insurance
This is yearly and no need to worry about renewal since the company will cover the renewal and will get the P100 from your ECC-LSSI -Fund, which is a monthly allowance of P500.
To avail of the medical benefit simply coordinate with the office.
The Monthly Cash Allowance and Monthly Grocery Provision are given to the Member who got disabled as well as the family of the Member who passed away. This is monthly and only lasts for 12 months.
This is yearly and no need to worry about renewal since the company will cover the renewal and will get the P100 from your ECC-LSSI-Fund, which is a monthly allowance of P500.
P500 (Hospitalization/Medical Reimbursement)
- Month allowance for hospitalization and medical reimbursement increases as number of Downlines increases. Maximum of P2,500.
Doctors Prescription REQUIRED and the Official Receipt from the drug store.
P500 = 20 downlines
P1,000 = 40 downlines
P1,500 = 60 downlines
P2,000 = 80 downlines
P2,500 = 100 downlines
(General Membership Contribution)
- When a Member dies, the beneficiary gets financial assistance.
- P50 is deducted from the income of earning Members for the week, if two or more
Members die, the fund is shared by 2 beneficiaries.
Ex. 50,000 members X 50.00 = 2,500,000
Member's beneficiary will receive it.
4. Cash Assistance – (PAUTANG) Zero Interest 0%
- P5k ( 30 days processing / 2 months to pay)
- P10k ( 7 days processing / 4 months to pay)
- P50K ( 7 days processing / 10 months to pay)
- P100K ( 7 days processing / 10 months to pay)
1.Life Insurance (Lifetime)
All these from just your P1,000 investment!
Requirements for Cash Advanve is just xerox of any valid ID like SSS, PRC, Passport or Drivers License or ATM Card.
A Member must at least have 2 new recruits to avail of the 1st cash assistance. The Member must have at least 2 new recruits first to get the next cash assistance and so with the succeeding cash assisstance.
If Member has no ID, the usual checking will be done to simply verify address. Member's business or employment background will not be asked. Member will need to get a Baranggay Clearance as well. A "proof of billing address" like Meralco, PLDT or Maynilad billing statements will be sufficient. If the Member is just renting the house or apartment, the member may ask for a certification from the landlord that he or she is a legitimate tenant or occupant of the house.
Cash Assitance/Cash Advance payments may be deposited through BPI account of ECC - LSSI.
ECC - LSSI has also added the service of BPI to support our payment transaction needs. Payments can be made in any BPI branch across the country. . BPI doesn't charge any service fee or transaction fee in any deposit made in any branch across the country unlike other banks who usually charge P50 or P100. Loan payments may be made on or before every 15th and 30th of the month.
Length of payment (2 months for 5K, 4 months for 10K and 10 months for 50K) will be upheld to protect the flow of cash advance releasing and ensure that all will have the chance to avail of the cash assistance. You can pay the in advance but you will wait for the duration of the whole term to complete before you can file your next loan. You also need to recruit 2 new recruits to get the loan.
Penalty for late payment will be adding the number of days as late to the pre-approved processing days (30 days for 1st loan, 7 days for the 2nd and succeeding loans). Example is that if the payment is late by 30 days, it will be added to the normal processing period of 7 days. So, the processing period for that Member's next loan will be, 7 + 30 = 37 days. No penalty charges will be imposed.
Keep all your payment receipts too for your protection and record-keeping.
For those who failed to pay their cash advance, they will be terminated from the Membership. The company will forfeit in favor of the company their income from their network growth to recover from the loss.
Reschedule of Cash Advance Release - Since our cash advance are processed automatically once the member gets 2 new recruits and meets the other criteria, a Member may opt to reschedule the release of the next cash advance if he or she wants to or when the cash advance is not needed yet. This ensures that the cash advance is properly utilized and will enable the Member to properly manage it. The Member must inform the office about the reschedule of cash advance release.
The mission of the ECC_LSSI is to rescue its Members from the enslavement of financial debt by giving them a business opportunity to earn enough to support their family well, so they won’t need to borrow money anymore. The cash advance is designed to simply give the Members, while starting in this business, the needed jumpstart and fix their current liabilities or urgencies. The mission involves securing their family from the burden of a sudden heavy expenditure when a Member dies, through the life insurance benefit and the "ECC_LSSI Heart Fund".
5. ECC_LSSI ID Card
No Renewal of Registration
Potential Income (Unlimited P500)
ECC_LSSI is using a ONE-LEGGED system, where you earn from one side of your down line, in our example from Leg-B. NOT PAIRING BONUS to earn.
You start by completing a pair of recruits under you which is A & B. In the example, once you complete the pair, you automatically earn P500from your Leg-B and from there you establish your One legged system. (Note: everyone must start first with their Leg-A then Leg-B)
Then you earn more for every Leg-A under your Leg-B. that's what we call Infinite P500
In this example, you already earn P1,000 just by getting 3 recruits which was your initial investment. And by recruiting 3 more, you already earn P2,500 which is 150% of your initial investment!
It's SIMPLE and EASY! You can either choose to wait for your down-line to recruit their own A's & B's or you can recruit yourself and place them under Leg-A It's your choice.
How do the people under you earn money? Just like you, they will need to start with their own A & B leg. in fact, they can already earn the P1,000 membership that they invested just by recruiting 3 people.
> Then they will have to work on their Leg-B and recruit more people to be placed under Leg-A / Infinite P500
When can you get your first cash advace of P5,000? Since you are a new member, there will be a 30-day processing time for your first loan. We understand that this might be a long wait but think of it as the best time for you to recruit and establish your down-line. you won't even notice that you are already generating income while waiting for your cash advace . Who knows, the profit you can get from your down-line could be even more than your first cash advace!
How/When do you get your Profit? The cutoff for all profits will be every Friday, and payout will be every Monday.
7.Bonus Income P20,000
- 200 Members on each side = P20,000
- Every time the number doubles & paired on opposite side = P20,000
Loyalty Income P50,000
- 500 Members on each side = P50,000
- Every time the number doubles & paired on opposite side = P50,000
Profit Sharing P100,000
Assuming the whole group belonging to your Direct Upline has reached 1,000 Members,
your Direct Upline, You and your Crossline will earn P100,000 each.