Hope i've helped somehow.
8th April 2009 From Philippines
First, I would like to thanks for your sharing. Shall the loans be restricted to the said usages such as medical and education? It is hard to validate how employees use the money as there is no credit assessment conducted for the applicants/employees. We are providing interest free revolving loans. The max loan is capped at 6 month of the basic salary. Do you see any compliance issues in terms of the labor law or other relevant legitimate requirements?
12th April 2009 From Hong Kong, Kowloon