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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

MEMBERSHIP

EDUCATION BRIEFING

AMPC-Ed.Com

Coop Origin,

Philosophy and

Concept of Cooperative

COOPERATIVE PHILOSOPHY

Not for

PROFIT

Not for

CHARITY

But for . . .

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

WHAT IS THE PURPOSE OF THE

COOPERATIVE?

A cooperative always starts

with an economic

objective because it is

meant to address an economic need.

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.

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.

Two names were noted:

Dr. Jose P. Rizal and Teodoro Sandiko.

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.

•HOW THE COOPERATIVE MOVEMENT

•STARTED LOCALLY?

In 1916- The first rural credit

association,

Agricultural Credit

Cooperative

Association of

Cabanatuan was

organized.

Cont....

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.

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?

Cooperative Values

Equality

Democracy

Solidarity

Social Responsibility

Caring for others

Self-Help

Honesty

Openness Equity

Responsibility

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)

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

WHAT are the Cooperative Principles?

COOPERATIVE

CO-OPERATION

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

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:

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…

AMPC ORGANIZATIONAL STRUCTURE

Representative Assembly

Board of

Directors

Management Staff

Committee

Election

Committee

Ethics

Committee

Mediation/

Conciliation

Committee

SecretaryTreasurer

Credit

Committee

Education

Committee

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

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

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

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.

• S• E• R• V• I• C• E

AMPC CORE VALUES

AMPC TODAY

Members

Savings

Share Capital

No. of Branches

Total Assets

AMPC AWARDS

Main the FOCCUS Brand by Model

Cooperative Network

Federation

FIRST Century Cooperative in

Mindanao by National Cooperative

Movement & Phil.

Cooperative

FederationBELIEVE WE

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

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

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

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

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

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-

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

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

RETIREMENT SAVINGSSAMPLE COMPUTATION

Interest rate 5%

Total Deposit 18,500.00

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

HOME EQUITY SAVINGSSAMPLE COMPUTATION

Interest rate 5%

total deposit 30,500.00

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

AUTO SAVINGSSAMPLE COMPUTATION

Interest rate 5%

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

LEISURE SAVINGSSAMPLE COMPUTATION

Interest rate 5%

Total interest earned 450.96

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

TIME DEPOSIT

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

INVESTMENT DEPOSITS

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

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

AMPCDIVERSIFIED PRODUCTS &

SERVICES

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

Malayan Insurance

And many more

ELECTRONIC LOADING CENTER

HEALTHCARE AND WELLNESS

PROGRAM

INSURANCE PLAN

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

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)

DAMAYAN

SERVICES

ContributionP15.00 Regular

Member

P5.00 Associate Member

(See Mortuary Fund Policy at the back of the Application for Membership

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.

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.

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%

• 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

Davao City 90 days

Outside Davao City 180 days

Abroad 360 days

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

Loan Portfolio

• Achieving objectives requires:

– Developing and adhering to policies and

procedures

– Exercising sound judgment with every loan

granted

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

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?

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?

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?

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

– 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?

The 5 C’s of Lending

• Character

• Capacity

• Capital

• Credit

• Collateral

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)

The Application Interview

• Employment Information

– Current employment

– How long?

– Income?

– Can the income be proven?

• Review sample application

• Discussion

LOAN PRODUCT

BACK TO BACK

EMERGENCY

BUSINESS LOAN

COMMERCIAL

SALARY LOAN

VENDORS LOAN

PENSION

ASSET ACQUISITION

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

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.

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

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

Co- Maker Co-Maker is required, must be a member in good standing

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

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.

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.

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

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

BACK TO BACK LOAN

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

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.

PENSION LOAN

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)

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

EMERGENCY LOAN

Who can avail? Member in good standing

Has no delinquent loan

Loan Amount Maximum of P10,000.00 only

Interest rate 3% diminishing rate

Collateral No collateral

Mode of Payment Monthly or Semi-Monthly

Thru PDC, Over the Counter

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

ACQUIRED ASSET LOAN

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

REGULAR LOAN

The purpose of this loan is to

provide alternative funds to

members needing such amount

for providential or productive

purposes

REGULAR LOAN

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

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

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)

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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