ACTIVITY SHEET 6 Written Work # 6 A. Identify whether the following illustrates a business loan or a consumer loan. Write BL if the situation shows business loan and CL if it states a consumer loan. 1. Mr. MJ Manuel plans to have a barbershop. He wants to borrow some money from the bank for him to buy the equipment and furniture for the barbershop. 2. Dan Anjelo is planning to take up Engineering as her college course. To support her, Mr. And Mrs. Alvar, her parents, borrowed money from the bank for her financial needs. 3. Because of his love for our country, Mr. Manalastas always conduct an Independence Day presentation to his barangay. But because of COVID - 19, he got a problem with his business and need extra money to finance his advocacy. He realized that he needs to borrow money from the bank to continue his annual Independence Day activity. 4. Mr. Daliva wants to have some improvements on their 100-year old ancestral house in Sariaya, Quezon which was also identified as a historical house in the province. He wants to repair the ceiling in preparation for the rainy season. He will borrow some money from the bank to finance this plan. 5. Mr. Rollie Valdez owns the Kakanin food cart business. He wants to out another food cart on a new mall in Tayabas City. He decided to have a loan amounting to P100,000.00 to establish the new business. 6. In preparation for the online learning of her children due to the COVID-19 pandemic, Mrs. Macaraeg decided to buy laptops for them and got an internet connection. But because of short in budget, she needed to borrow money amounting to P80,000.00 for this school preparation. 7. Instead of working as a Manager in a certain company, Mr. Lester Vic Pascua decided to leave his job and put up an internet cafe instead. To finance his business, he borrowed money from a Kabayan Bank. 8. Because Shiela believed that Filipinos are truly honest, she decided to put up an Honesty Bookstore in front of Excellence National High School. Everyone can get what they need and pay for it without anyone in the cashier. But before she can own this shop, she borrowed P1,000,000.00 from the bank to finance the expenses in putting up this bookstore. 9. Leslie excelled in Science and even won various competitions relative to Applied Science. At the back of her achievements are her supportive parents. Before she invented the COVID-19 scanning robot, her parents need to finance her project with a big amount. Because her parents believed in her, they even borrowed money from the bank just for her to finish her invention. 10. Doan Joy really loves her family. They supported her in all of her endeavors. As return of gratitude, she promised them that they will make a tour of great places in the world. To realize her promise, and to help her finance their tour, she applied for a personal loan amounting to P200,000.00 to Bank XY. B. Using the Venn Diagram, write words or statements that will compare go business from consumer loans. nivea Business Loan Consumer Loan