EDUCATION COMMITTEE and VOLUNTEER AMPC-Ed.Com The great aim of - - PowerPoint PPT Presentation

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EDUCATION COMMITTEE and VOLUNTEER

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“The great aim of

education is not knowledge but action”

• Herbert Spencer

“in addition as Bob Schildgen said on “Co-op Education is About Cooperatives” …. Coop education has “to involve a much deeper

effort to raise members' awareness of what is going on in the world and how the co-op alternative can effectively make a difference.”

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Cooperative education must focus on “helping improve the quality of life

• f its members” which is

living out the Co-operative principles and values through its every day transaction and practice of the cooperative.

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MEMBERSHIP EDUCATION BRIEFING (MEB)

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Coop Origin, Philosophy and Concept of Cooperative

COOPERATIVE PHILOSOPHY

Not for PROFIT Not for CHARITY But for . . .

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COOPERATIVE UNIQUE IDENTITY

A COOPERATIVE HAS A UNIQUE IDENTITY: It is both an association of people and a business enterprise. It is not one or the

• ther; it is both. This dual nature of the

cooperative is important in preserving its

• essence. When a cooperative moves

away from this essence, to that extent it moves away from being a cooperative

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WHAT IS THE PURPOSE OF THE

COOPERATIVE?

A cooperative always starts with an economic

• bjective because it is

meant to address an economic need.

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• To acquire goods and services
• Participating in the affairs of the

cooperative

• Social Responsibility

Robert Owen (1771-1858) William King M.D. 1786-1865 Friedrich Wilhelm Raiffeisen 1818 – 1888

The Brains behind the Cooperative Movement.

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Filipinos travelling in Europe during the later part of the 19th century was impressed with the success of new economic movement in effecting the economic and social life of the people.

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Two names were noted:

• Dr. Jose P. Rizal and Teodoro Sandiko.

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Cont…

Cooperative movement has since then proliferated to other countries like

Germany, Belgium, Italy, Denmark, Sweden, Canada, Quebec, United States

• f America and many

more.

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• HOW THE COOPERATIVE

MOVEMENT

• STARTED LOCALLY?

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In 1916- The first rural credit association, Agricultural Credit Cooperative Association of Cabanatuan was

• rganized.

Cont....

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Teodoro Sandiko, then governor of Bulacan, prepared a bill that became a law, after the Reiffeisen type of credit union.. The first Agricultural Credit Cooperative Association was formed on October 18, 1916 in Cabanatuan, Nueva Ecija.

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It is in our statement of Values that we engage the hearts, conscience and loyalty of cooperative members. The first sentence of the values statement addresses our convictions about how to achieve a better society and what form that society should take.

(Dr.Ann Hoyt of the University of Wisconsin Center for Cooperatives)

WHAT are the Cooperative Values?

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Cooperative Values

• Equality
• Democracy
• Solidarity
• Social Responsibility
• Caring for others
• Self-Help
• Honesty
• Openness Equity
• Responsibility

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A cooperative is an :  autonomous  duly registered association of persons  with common bond of interest  who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations

WHAT IS COOPERATIVE?

(R.A. 9520 ART. 3)

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• 1. Voluntary & Open Membership
• 2. Democratic Member Control
• 3. Member Economic Participation
• 4. Autonomy & Independence
• 5. Education, Training and Information
• 6. Cooperation among Cooperatives
• 7. Consern for Community

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WHAT are the Cooperative Principles?

COOPERATIVE CO-OPERATION AMONG COOPERATIVES AUTONOMY & INDEPENDENCE EDUCATION, TRAINING & INFORMATION OPEN & VOLUNTARY MEMBERSHIP DEMOCRATIC MEMBER CONTROL MEMBER ECONOMIC PARTICIPATION CONCERN FOR COMMUNITY EQUALITY DEMOCRACY SOLIDARITY SOCIAL RESPON- SIBILITY CARING FOR OTHERS SELF-HELP HONESTY OPENNESS EQUITY RESPON

• SIBILITY

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COOPERATIVE LAWS

It can be construed as an abridgement to Coop Member’s (members, elected and appointed representatives, managers, and employees) right & privileges on education, training and

• information. (Art4, RA 9520, 5th Cooperative

Principle, Coop Bylaws). In line with the Primary objectives and goals of a cooperative; “to help improve the quality of life

• f its members” (Art 7, RA 9520)

When cooperatives drifted from its real purpose:

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 In 1990- Pres. Corazon C. Aquino signed into law RA 6938 – The New Cooperative Code of the Philippines and R.A. 6939- The Act creating the Cooperative Development Authority (CDA ).

Cont…

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AMPC ORGANIZATIONAL STRUCTURE

Representative Assembly

Board of Directors

Management Staff

Audit Committee Election Committee

Ethics Committee Mediation/ Conciliation Committee

Secretary Treasurer

Credit Committee Education Committee Other Committee 26

REPRESENTATIVE ASSEMBLY

 The highest policy-making body of the Cooperative  Composed of AMPC members’ representatives or delegates in good standing elected by each district and are eligible to participate in the electoral process  Assembled for the purpose of exercising such powers and prerogatives being the highest governing body of the Cooperative

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DISTRICT ASSEMBLY

 The Cooperative is divided into three (3) districts composed of not less than one thousand (1,000) members entitled to vote for each district.  Composition of Each District: 1.District 1 – Agdao branch, San Pedro branch and C.M. Recto branch 2.District 2 - Toril branch, Ulas/Mintal branch, Matina branch and Calinan branch

• 3. District 3 – Buhangin/Cabantian branch,

Sasa branch and Samal branch

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WHO CAN ATTEND DISTRICT ASSEMBLY MEETING

 A bonafide member of the district of the cooperative where he belongs and is a member entitled to vote  Must have a share capital of not less than Fifteen Thousand (P15,000.00) Pesos  Not delinquent as to payment

• f

any

• bligation to the cooperative at least one (1)

month before any assembly

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AMPC HISTORY

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For our members, AMPC excels in the delivery of locally responsive and globally competitive financial services, in giving superior and optimum returns on investment and in making their total cooperative experience exceptional. For our employees, AMPC nurtures their development and help them reach their maximum potential as professional, accountable and productive individuals.

AMPC VISSION and MISSION

A World-class cooperative in the Philippines.

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• S
• E
• R
• V
• I
• C
• E

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AMPC CORE VALUES

AMPC TODAY

• Members
• Savings
• Share Capital
• No. of Branches
• Total Assets

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AMPC AWARDS

• Main the FOCCUS

Brand by Model

Cooperative Network Federation

• FIRST Century

Cooperative in Mindanao by

National Cooperative Movement & Phil. Cooperative Federation

BELIEVE WE CAN

AMPC

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• FIRST Billionaire Cooperative in Davao City

Cooperative Development Authority and Cooperative City Council

AMPC AWARDS

Susan C. Bungabong Chairperson

AMPC BOARD OF DIRECTORS

Marcosa B. dela dela Cruz Vice-Chairperso son Ruby Socorro Calderon – BOD Member Jasmine M. Rivera BOD Member Atty. . Marvin S. Pulido BOD Member Antonieto to V. Remolar BOD Member Albin O. Respuesto sto BOD Member Alfred T. Allaga BOD Member

AMPC BOD & OFFICERS

Dominador Dizo BOD Member Redindo E. Bangca caya ya Secreta tary y Elsie L. Porquilio Treasu susr srer Romeo Patromonio General Manager

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MEMBERSHIP

WHO CAN BE A MEMBER?

 Open to all Filipino citizens  18 to 65 years old (but not more than sixty five years old

at the time of original membership).

 Who are residents and/or workers in the Philippines  With capacity to enter a contract and possess all the qualifications prescribed in the By-laws

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WHO CAN BE A MEMBER?

 Prospective members shall:

• a. Pledge to undertake the

responsibilities of Membership;

• b. Complete the prescribed pre-

membership awareness briefing, seminars and membership training programs; and

• c. Use or anticipation to use the services
• f the cooperative

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HOW TO BECOME A MEMBER?

ATTEND ND A PRE-MEMBERSH RSHIP EDUCATION N SEMINAR NAR FILL-UP APPLI LICATION N FO FORM FO FOR MEMBERSH RSHIP SUBMIT FO FORM TOGETHE HER R W/ THE HE REQUIRE REMENT NTS S (Valid d I.D., Pro roof f of Ad Address ress such h as water er and d light ht billings, s, recent ent colore red d photos, s, 1x1 and 2x2, marr rriage ge contra ract for marri ried ed and birth h certifi ficate e for singl gle IF APPRO ROVE VED, PAY THE PRESCRI SCRIBED FEES S (mem embersh bership, share re capital, savings gs, mortuary, coop pass ssbook book and I.D. PART RTICIPATE IN THE SAVINGS S MOBILI LIZA ZATION N and CAPITAL AL BUILD LD-UP UP

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Photo ID (1 piece 1x1 & 2x2) Photo copy of any one valid ID (SSS ID, BIR/TIN, Voters ID, Senior Citizen ID Driver’s license, passport, Postal ID, etc. Marriage contract ( Married )  Birth Certificate ( Single ) 55 & above is required to have a medical certificate

MEMBERSHIP DOCUMENTARY REQUIREMENTS

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Membership FEES

Regular Youth Saver Share Capital P 1, 000.00 P 50.00 Initial Savings 500.00 50.00 Mortuary Fund 500.00 Membership Fee 200.00 Coop Passbook/ID 100.00 50.00 TOTAL P 2,300.00 P 150.00

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No application for membership shall be approved without the accompanying requirements herein set forth.

DUTIES AND RESPONSIBILITIES

Pay in full the share capital subscribed

• f sixty (60) shares

amounting to Fifteen Thousand Pesos (P15,000.00), within a period of three (3) years from date of admission of membership;

Pay the loan amortization as it falls due;

DUTIES AND RESPONSIBILITIES OF A MEMBER

Obey the laws, by-laws, policies, and its implementing rules, regulations and procedures;

Pay the P400 monthly capital build- up;

Attend and participate in all meetings of the cooperative where attendance and participation is required,

• bserving at all times

proper decorum and discipline;

Cont…

Promote and Patronize at all times the aims and purposes as well as the products and services of the Cooperative and be mindful always of all activities and endeavors toward the total and full development of all its members and not for a single or group of individuals only

Participate in the membership education programs;

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SAVINGS DEPOSIT AND OTHER ALLIED PRODUCT & SERVICES

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REGULAR SAVINGS

SAVINGS DEPOSIT

 Interest rate is 3-5% & Tax Free  Minimum Deposit of P100 to P500.00

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SAVINGS DEPOSIT

EDUCATION SAVINGS SAMPLE COMPUTATION

Initial deposit required 500 Monthly contribution 100 savings period 60mos Interest rate 5% Total deposit 6,500.00 Total Interest earned 1,100.44 Deposit Balance Interest Total 1st year 1,700.00 85.00 1,785.00 2nd year 2,985.00 149.25 3,134.25 3rd year 4,334.25 216.71 4,550.96 4th year 5,750.96 287.55 6,038.51 5th year 7,238.51 361.93 7,600.44

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RETIREMENT SAVINGS SAMPLE COMPUTATION

Initial deposit required 500 Monthly contribution 300 savings period 60mos Interest rate 5% Total Deposit 18,500.00 Total Interest earned 3,025.03 Deposit Balance Interest Total 1st year 4,100.00 205.00 4,305.00 2nd year 7,905.00 395.25 8,300.25 3rd year 11,900.25 595.01 12,495.26 4th year 16,095.26 804.76 16,900.03 5th year 20,500.03 1,025.00 21,525.03

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HOME EQUITY SAVINGS SAMPLE COMPUTATION

Initial deposit required 500 Monthly contribution 500 savings period 60mos Interest rate 5% total deposit 30,500.00 Total Interest earned 4,949.62 Deposit Balance Interest Total 1st year 6,500.00 325.00 6,825.00 2nd year 12,825.00 641.25 13,466.25 3rd year 19,466.25 973.31 20,439.56 4th year 26,439.56 1,321.98 27,761.54 5th year 33,761.54 1,688.08 35,449.62

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AUTO SAVINGS SAMPLE COMPUTATION

Initial deposit required 500 Monthly contribution 500 savings period 60mos Interest rate 5% total deposit 30,500.00 Total Interest earned 4,949.62 Deposit Balance Interest Total 1st year 6,500.00 325.00 6,825.00 2nd year 12,825.00 641.25 13,466.25 3rd year 19,466.25 973.31 20,439.56 4th year 26,439.56 1,321.98 27,761.54 5th year 33,761.54 1,688.08 35,449.62

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LEISURE SAVINGS SAMPLE COMPUTATION

Initial deposit required 500 Monthly contribution 100 savings period 36mos Interest rate 5% total deposit 4,100.00 Total interest earned 450.96 Deposit Balance Interest Total 1st year 1,700.00 85.00 1,785.00 2nd year 2,985.00 149.25 3,134.25 3rd year 4,334.25 216.71 4,550.96

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TIME DEPOSIT

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TIME DEPOSIT SAMPLE COMPUTATION

Interest= P x % x # days 365 Term 3 mos 6 mos 9 mos 12 mos Principal 5,000.00 5,000.00 5,000.00 5,000.00 Interest 43.15 93.70 147.95 250.00 Total Savings 5,043.15 5,093.70 5,147.95 5,250.00

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INVESTMENT DEPOSITS

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 Open to regular members  Initial savings is P100.00 and monthly deposit of P100  Term (12mos, 18mos ,24mos, 30mos, 36mos and 48mos  Interest rate due is 9% per annum

INVESTMENT DEPOSITS

 Open to regular members  Initial savings is P 200.00 and monthly deposit of P200  Term (12mos, 18mos ,24mos, 30mos, 36mos and 48mos  Interest rate due is 9% per annum

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INVESTMENT DEPOSITS

• ID200 deposit plan can be paid by QUARTERLY,

SEMI-ANNUALLY OR ANNUALLY:

• Members may opt to open several or

combination of plans up to 20 units.

PLAN TYPE DEPOSIT AMOUNT ID 200Q (Quarterly) P 600 ID 200S (Semi-annually) P1,200 ID 200A (Annually) P2,400

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AMPC DIVERSIFIED PRODUCTS & SERVICES

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BILLS PAYMENT

• AMPC accept payment of the

following:

 Davao Light, Meralco, Veco, Dasureco, Ilo-ilo Electric Cooperative  PLDT, Bayantel,Globe,Smart, Suncellular  Skycable,Cignal,Planet Cable,CableLink  Credit Cards- AUB, BPI  AirLines- Cebu Pacific, PAL  NSO  Malayan Insurance  And many more

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ELECTRONIC LOADING CENTER

HEALTHCARE AND WELLNESS PROGRAM

INSURANCE PLAN

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GLAFI (Group Life & Accident with Fire Insurance)-

Designed to give protection for Individual Plan only.

COOP FAMILY PLAN

Designed to give protection to at least 5 members of the family

COOP AKSI

(Personal Accident Insurance)

KEYMAN PROTECTION PLAN

(accident insurance for white collar positions like executives, doctors, dentists, managers and coop leaders)

TRAVEL PERSONAL

Accident Insurance

STUDENT ACCIDENT INSURANCE

(accident insurance for student)

CHAIN INSURANCE

Covers daily hospital benefit in excess of twenty four (24) hours confinement due to sickness or accident

MOTOR CAR INSURANCE FIRE INSURANCE

(Residential and Commercial Building)

INSURANCE PLAN

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LTO SERVICES

• A. Renewal of Motor Vehicle

Registration (Davao city and

• utside Davao city )
• A. Transfer of Ownership on Motor

Vehicle Registration (Davao City & Outside Davao City)

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DAMAYAN SERVICES

Contribution

P15.00 Regular Member P5.00 Associate Member

(See Mortuary Fund Policy at the back

• f the Application for Membership

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DAMAYAN FUND POLICY

 Mortuary fund of Five hundred pesos (P500.00), shall be collected from coop members upon acceptance and approval of application.  It shall be a policy of AMPC to require all members to maintain a minimum monthly mortuary fund deposit of Two Hundred Pesos (P200.00) with an obligation to monitor that the same mortuary fund deposit shall not be depleted.

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DAMAYAN FUND POLICY

Share Capital % of Mortuary Contributions @ Php15.00/member Amount of Contribution (Php15)

1,000-2,999 65% 9.75 3,000-4,999 70% 10.50 5,000-6,999 75% 11.25 7,000-8,999 80% 12.00 9,000-10,999 85% 12.75 11,000-12,999 90% 13.50 13,000-14,999 95% 14.25 15,000 and Above 100% 15.00 The bigger the amount of share capital, the bigger mortuary benefits assured.

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DAMAYAN FUND POLICY

Duration of Membership % of Mortuary Fund Benefit

less than 1 month 5% of MFB 1 month 8% 2 months 17% 3 months 25% 4 months 33% 5 months 42% 6 months 50% 7 months 58% 8 months 66% 9 months 74% 10 months 83% 11 months 92% 12 months 100%

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• Unclaimed mortuary benefits after the

considerable lapse of time despite the fact of death as evidenced by the pertinent certification shall be forfeited based on the following:

DAMAYAN FUND POLICY

Place of Death Days after the date of death Davao City 90 days Outside Davao City 180 days Abroad 360 days

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WORKSHOP

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LOAN PRODUCT & SERVICES

Loan Portfolio

• Loan portfolio is the total of the loans held

by the cooperative

• The objectives of achieving safe and

sound loan portfolio management are:

– To maintain confidence of depositing members – To protect the funds of the cooperative – To produce the major portion of the cooperative’s income

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Loan Portfolio

• Achieving objectives requires:

– Developing and adhering to policies and procedures – Exercising sound judgment with every loan granted

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Loan Portfolio

• Every loan contains an element of risk!
• Risk = the chance or probability of loss

due to uncertainty about future events; interest rates; market conditions and the borrowers ability to make payments

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Basic Questions

• With every loan application under

consideration, the same basic questions must be answered

• Purpose:

– What will the borrower use the money for? – Is the purpose acceptable according to cooperative policy?

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Basic Questions

• Borrower credit worthiness:

– How will the borrower repay? – Is there a clear source of income? – How consistent/steady is the income? – How financially skilled is the borrower? – What do the borrower’s budgets and cash flow projections show? – Is there a ‘track record’ for this borrower?

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Basic Questions

• Loan Structure:

– What length of loan is the borrower requesting? – Is it within cooperative guidelines for the loan purpose? – What frequency of payments suit the borrower? – What frequency of payments suit the cooperative? – What interest rate would apply?

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Basic Questions

• Risk Management:

– What is being offered as collateral/security? – Is the value of the collateral/security reasonable compared to the value of the loan? – If the cooperative had to seize the collateral to repay the loan, could the collateral be sold? Would the sale price pay off the loan? – What protection will the cooperative have against unforeseen circumstances?

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The 5 C’s of Lending

• Character
• Capacity
• Capital
• Credit
• Collateral

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Each of the basic questions, and each component of the 5 C’s of lending requires either information from the borrower,

• r analysis by the Loan Officer/BM/Lender

The Application Interview

• Member Identification

– Name; Address; – Phone Number(s) – Date of Birth – Valid identification number – Marital status – Name of spouse or life partner – Number of dependents (children or adults)

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The Application Interview

• Employment Information

– Current employment – How long? – Income? – Can the income be proven?

• Review sample application
• Discussion

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LOAN PRODUCT

• BACK TO BACK
• EMERGENCY
• BUSINESS LOAN
• COMMERCIAL
• SALARY LOAN
• VENDORS LOAN
• PENSION
• ASSET ACQUISITION

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BUSINESS LOAN

 The purpose of this loan is to finance the business requirements of the member and future member such as:

• a. Additional working capital,
• b. Business expansion capital,
• c. Purchase of equipment and

machinery,

• d. Purchase of real estate or

properties for commercial purpose and other business-related purpose and/or any other legal purposes.

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BUSINESS LOAN

FEATURES SPECIFICATIONS

Who can avail?  AMPC Member with minimum paid-up capital of P30,000  Self-employed/businessmen with profitable registered business for 3 years Loan Amount  Minimum-P100,000  Maximum – P10,000,000 Repayment Term  Up to 60 months Interest rate  .98%/month flat rate Collateral  House and Lot;  Commercial/Residential Lot  Commercial lot and building;  Agricultural farm (except certificate of land

• wnership award or CLOA with in prohibited

period and patent with in prohibited period). Mode of Payment  Monthly or Semi-Monthly  PDC

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SALARY LOAN

 The purpose of this loan is to provide alternative funds to members needing such amount for business or any personal purposes such as:

• a. Purchase of consumer

goods,

• b. Personal property and

services,

• c. Debt consolidation,
• d. Home renovation,
• e. Tuition fees,

f. Planned vacation,

• g. Medical,etc.

The repayment is from the borrower’s wages or salary.

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SALARY LOAN

FEATURES SPECIFICATIONS

Who can avail?  Must be a member of AMPC with share capital of P1,000  Regular/Permanent employee of at least One (1) year of continued service  18-65 years old  Minimum Gross Monthly Income- P8000  Residence tenure- If renting, 1 year residency  Must have a residence or office landline/post-paid line Loan Amount  Minimum-P10,000  Maximum – P350,000 Repayment Term  Up to 60 months Interest rate  Up to 36mos.- 1.08% flat or 2% dim.  Up to 60mos.- 1.33% flat or 2.5% dim. Collateral  No Collateral Mode of Payment  Monthly or Semi- Monthly  Thru ATM Payroll card deduction or Salary deduction ( Group MOA) Co- Maker  Co-Maker is required, must be a member in good standing

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VENDORS LOAN

 Vendor’s Loan is a short term and unsecured loan which is scheduled to be repaid within a short time of period from 30 days to 90 days on a daily basis  This loan does not require collateral and the cooperative relies solely on the borrower’s credit history and credit score. It is intended to finance working capital requirements of members engaged in small scale entrepreneurship and

• ther related ventures with income on a daily basis

These loans are immediately delivered, enabling the borrower to operate with increased liquidity.

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VENDORS LOAN

FEATURES SPECIFICATIONS

Who can avail?  AMPC Member in good standing  Small-scale business entrepreneurs with businesses located near AMPC branches  Distant location is allowed provided that there is a minimum of 10 Vendor's Loan borrowers in that area. Loan Amount  Minimum-P5,000  Maximum – P20,000 Repayment Term  60 to 90 days Interest rate  2%/month flat rate Collateral  No Collateral Mode of Payment  Daily Savings Required? 

• Yes. Mandatory – Savings Mobilization of P10 to P20

which is included in the daily amortization Financial Education Required? 

• Yes. Mandatory

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BACK TO BACK LOAN

 Back-to-Back Loan is a standby loan available to existing Shareholder, Savings and Time Deposit account holders  Secured by time deposits, unencumbered savings deposit or share capital  It intends to bridge financial gaps for personal and business purposes  Payable with interest in fixed monthly or semi-monthly installments

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BACK TO BACK LOAN

FEATURES SPECIFICATIONS

Who can avail?  Member in good standing  Has no delinquent loan,  With share capital deposits, Time Deposit or savings deposits other than regular savings Loan Amount  Minimum-P1,000  Maximum – based on member’s deposits: Share Capital – 90% Time deposit - 100% Other deposits – 100% ( except regular savings) Repayment Term  Up to 36 months or depending on deposit maturity Interest rate  .88% per month flat rate Collateral  Hold-out deposits/Time deposit certificate Mode of Payment  Weekly, Bi-Monthly, Semi-Monthly, Monthly via Auto Debit/Over the Counter/ PDC Co- Maker  Co-Maker is not required

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PENSION LOAN

 The purpose

• f

this loan is to provide alternative funds to member- borrower who is pensioner needing such amount for business

• r any personal expenditures such as:
• a. Purchase of consumer goods
• b. Personal property and service

services,

• c. Home renovation,
• d. Planned vacation,
• e. Medical, etc.

The repayment is from the member’s pension.

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PENSION LOAN

FEATURES SPECIFICATIONS

Who can avail? Member of good credit standing with no booked/availed pension loan in other financial institution such as:  Pensioners (SSS, GSIS, PVAO/USAFE, AFP, PNP, Pension- Survivor) Loan Amount  Maximum of P100,000 Repayment Term  Up to 36 months

• P50,000 and below – 18 months
• P51,000 to P100,000 – 36 months

Interest rate  Up to 12mos. – 2% dim./mo.  More than 12mos. – 2.5% dim./mo. Collateral  No collateral, only ATM Card deposited Mode of Payment  Monthly or Semi- Monthly  Thru ATM Payroll card deduction or Salary deduction ( Group MOA) Co- Maker  Co-Maker is not required

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EMERGENCY LOAN

 This type of loan is a short term loan intended for “Emergency” purposes

• r event that could not

be reasonably expected to occur, and is unlikely to occur again

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EMERGENCY LOAN

FEATURES SPECIFICATIONS

Who can avail?  Member in good standing  Has no delinquent loan Loan Amount  Maximum of P10,000.00 only Repayment Term  Up to 3 months Interest rate  3% diminishing rate Collateral  No collateral Mode of Payment  Monthly or Semi-Monthly  Thru PDC, Over the Counter Co- Maker  Co-Maker is not required

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ACQUIRED ASSET LOAN

Acquired Asset loan is a special window loan for repossessed/acquired properties of Agdao Multipurpose

• Cooperative. The property shall also

serve as the collateral for the loan acquired

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ACQUIRED ASSET LOAN

FEATURES SPECIFICATIONS

Who can avail?  Member in good standing  Has no delinquent loan, Loan Amount  Depends on the sale value of the Acquired property of the Cooperative Repayment Term  P50,000 – up to 12 mos. to pay  P50,001 and up – up to 36 mos. to pay Interest rate  Real Estate – 1.1% dim. Rate  Appliances/Motor Vehicle:

• P50,000 & up – 1% dim. rate
• below P50,000 – 0.5% dim. rate

Collateral  Acquired property Applied Mode of Payment  Weekly, Semi-Monthly, Monthly via Auto Debit/Over the Counter/ PDC Co- Maker  Co-Maker is not required

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REGULAR LOAN The purpose of this loan is to provide alternative funds to members needing such amount for providential

• r

productive purposes

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REGULAR LOAN

FEATURES SPECIFICATIONS

Who can avail?  Must be a member of AMPC with share capital of P1,000  With Visible Source of Income  Existing loan must be updated  Must be physically fit Loan Amount  Minimum-P1,000 Repayment Term  Up to 36 months Interest rate  Up to 12mos.- 2% dim.  Up to 36mos.- 2.5% dim. Collateral  Chattel/Real Estate Mode of Payment  Daily, Weekly, Monthly or Semi- Monthly Co- Maker  Co-Maker is required, must be a member in good standing and with capacity to pay

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DISTRIBUTION of DIVIDEND and PATRONAGE REFUND

How to compute dividend and patronage refund? Dividend Rate = Amt appropriated for dividend ∑ of members’ ave share capital Patronage = Amt appropriated for patronage refund refund rate Total interest paid by members (AMPC’s by-laws allows up to 70% of distributable surplus to be appropriated for dividend)

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NET INCOME TO BE RETURN TO MEMBERS

Distribution of Net Surplus Revenue - Int income on loans Service fee Other income Gross Revenue Total Expenses Net Surplus Distribution: General Reserve Fund Not less than 10% Education Fund Not more than 10% Community Dev Fund Not less than 3% Optional Fund Not more than 7% Available for Dividend and Patronage refund

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