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AMPC-Ed.Com
EDUCATION
COMMITTEE and
VOLUNTEER
AMPC-Ed.Com
“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.”
AMPC-Ed.Com
Cooperative education
must focus on “helping
improve the quality of life
of its members” which is
living out the Co-operative
principles and values
through its every day
transaction and practice of
the cooperative.
AMPC-Ed.Com
66
MEMBERSHIP
EDUCATION BRIEFING
(MEB)
AMPC-Ed.Com
Coop Origin,
Philosophy and
Concept of Cooperative
COOPERATIVE PHILOSOPHY
Not for
PROFIT
Not for
CHARITY
But for . . .
8
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 other; 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
9
WHAT IS THE PURPOSE OF THE
COOPERATIVE?
A cooperative always starts
with an economic
objective because it is
meant to address an economic need.
10
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.
11
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.
12
Two names were noted:
Dr. Jose P. Rizal and Teodoro Sandiko.
13
Cont…
Cooperative movement
has since then proliferated to other countries like
Germany, Belgium, Italy, Denmark, Sweden, Canada,
Quebec, United States of America and many more.
14
•HOW THE COOPERATIVE MOVEMENT
•STARTED LOCALLY?
15
In 1916- The first rural credit
association,
Agricultural Credit
Cooperative
Association of
Cabanatuan was
organized.
Cont....
1616
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.
17
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?
18
Cooperative Values
Equality
Democracy
Solidarity
Social Responsibility
Caring for others
Self-Help
Honesty
Openness Equity
Responsibility
19
A cooperative is an : autonomous duly registered association of persons with common bond of interest who have voluntarily joined togetherto achieve their social, economic, andcultural needs and aspirations
WHAT IS COOPERATIVE?(R.A. 9520 ART. 3)
20
1. Voluntary & Open Membership 2. Democratic Member Control3. Member Economic Participation 4. Autonomy & Independence 5. Education, Training and Information6. Cooperation among Cooperatives 7. Consern for Community
21
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 EQUITYRESPON
-SIBILITY
AMPC-Ed.Com
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
of its members” (Art 7, RA 9520)
When cooperatives drifted from its real
purpose:
24
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…
25
AMPC ORGANIZATIONAL STRUCTURE
Representative Assembly
Board of
Directors
Management Staff
Audit
Committee
Election
Committee
Ethics
Committee
Mediation/
Conciliation
Committee
SecretaryTreasurer
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
27
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
28
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 of any
obligation to the cooperative at least one (1)
month before any assembly
29
AMPC-Ed.Com
AMPC HISTORY
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.
33
• S• E• R• V• I• C• E
34
AMPC CORE VALUES
AMPC TODAY
Members
Savings
Share Capital
No. of Branches
Total Assets
35
AMPC AWARDS
Main the FOCCUS Brand by Model
Cooperative Network
Federation
FIRST Century Cooperative in
Mindanao by National Cooperative
Movement & Phil.
Cooperative
FederationBELIEVE WE
CAN
AMPC
36
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 Cruz
Vice-Chairperson
Ruby Socorro
Calderon – BOD
Member
Jasmine M. Rivera
BOD Member
Atty. Marvin S. Pulido
BOD Member
Antonieto V. Remolar
BOD Member
Albin O. Respuesto
BOD MemberAlfred T. Allaga BOD
Member
AMPC BOD & OFFICERS
Dominador Dizo
BOD Member
Redindo E. Bangcaya
Secretary
Elsie L. Porquilio
Treasusrer
Romeo Patromonio
General Manager
AMPC-Ed.Com
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
42
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; andc. Use or anticipation to use the services of the cooperative
43
HOW TO BECOME A MEMBER?
ATTEND A PRE-MEMBERSHIP
EDUCATION SEMINAR
FILL-UP APPLICATION FORM
FOR MEMBERSHIP
SUBMIT FORM TOGETHER W/ THE
REQUIREMENTS (Valid I.D., Proof of
Address such as water and light
billings, recent colored photos, 1x1
and 2x2, marriage contract for married
and birth certificate for single
IF APPROVED, PAY THE
PRESCRIBED FEES
(membership, share capital,
savings, mortuary, coop
passbook and I.D.
PARTICIPATE IN THE
SAVINGS MOBILIZATION and
CAPITAL BUILD-UP
44
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
45
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
46
No application for membership shall be
approved without the accompanying
requirements herein set forth.
DUTIES AND
RESPONSIBILITIES
Pay in full the share capital subscribed of 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,
observing 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;
AMPC-Ed.Com
SAVINGS DEPOSIT
AND OTHER ALLIED
PRODUCT &
SERVICES
REGULAR
SAVINGS
SAVINGS DEPOSIT
Interest rate is 3-5% & Tax Free
Minimum Deposit of P100 to P500.00
52
53
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
54
RETIREMENT SAVINGSSAMPLE 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
55
HOME EQUITY SAVINGSSAMPLE 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 year6,500.00
325.00 6,825.00
2nd year12,825.00
641.25 13,466.25
3rd year19,466.25
973.31 20,439.56
4th year26,439.56
1,321.98 27,761.54
5th year33,761.54
1,688.08 35,449.62
56
AUTO SAVINGSSAMPLE 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
57
LEISURE SAVINGSSAMPLE 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
58
TIME DEPOSIT
59
TIME DEPOSITSAMPLE COMPUTATION
Interest= P x % x # days365
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
60
INVESTMENT DEPOSITS
61
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
62
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
63
AMPCDIVERSIFIED PRODUCTS &
SERVICES
64
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
65
66
ELECTRONIC LOADING CENTER
HEALTHCARE AND WELLNESS
PROGRAM
INSURANCE PLAN
69
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 INSURANCECovers 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
70
LTO SERVICES
A. Renewal of Motor Vehicle
Registration (Davao city and
outside Davao city )
A. Transfer of Ownership on Motor
Vehicle Registration (Davao City & Outside Davao City)
71
DAMAYAN
SERVICES
ContributionP15.00 Regular
Member
P5.00 Associate Member
(See Mortuary Fund Policy at the back of the Application for Membership
83
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.
84
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.
85
DAMAYAN FUND POLICYDuration 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%
86
• 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
87
AMPC-Ed.Com
WORKSHOP
AMPC-Ed.Com
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
90
Loan Portfolio
• Achieving objectives requires:
– Developing and adhering to policies and
procedures
– Exercising sound judgment with every loan
granted
91
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
92
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?
93
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?
94
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?
95
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?
96
The 5 C’s of Lending
• Character
• Capacity
• Capital
• Credit
• Collateral
97
Each of the basic questions, and each component of the 5
C’s of lending requires either information from the borrower,
or 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)
98
The Application Interview
• Employment Information
– Current employment
– How long?
– Income?
– Can the income be proven?
• Review sample application
• Discussion
99
LOAN PRODUCT
BACK TO BACK
EMERGENCY
BUSINESS LOAN
COMMERCIAL
SALARY LOAN
VENDORS LOAN
PENSION
ASSET ACQUISITION
100
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.101
BUSINESS LOAN
FEATURES SPECIFICATIONS
Who can avail? AMPC Member with minimum paid-up capital ofP30,000
Self-employed/businessmen with profitableregistered 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
ownership award or CLOA with in prohibited period and patent with in prohibited period).
Mode of Payment Monthly or Semi-Monthly PDC
102
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.
103
SALARY LOANFEATURES 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
104
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
other related ventures with income on a daily basis
These loans are immediately delivered, enabling theborrower to operate with increased liquidity.
105
VENDORS LOANFEATURES 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
106
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
107
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
108
PENSION LOAN
The purpose of this loan is to provide
alternative funds to member- borrower who is
pensioner needing such amount for business
or 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.
109
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
110
EMERGENCY LOAN
This type of loan is a
short term loan
intended for
“Emergency” purposes
or event that could not
be reasonably
expected to occur,
and is unlikely to occur
again
111
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
112
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
113
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
114
REGULAR LOAN
The purpose of this loan is to
provide alternative funds to
members needing such amount
for providential or productive
purposes
115
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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