AGDAO MULTIPURPOSE COOPERATIVE PMES ONLINE PREMEMBERSHIP EDUCATION SEMINAR
AGDAO MULTIPURPOSE COOPERATIVE PMES ONLINE PRE-MEMBERSHIP EDUCATION SEMINAR www. agdaocoop. com
MODULE I COOPERATIVE HISTORY www. agdaocoop. com
The Beginnings Robert Owen (1771– 1858) is considered as the father of the cooperative movement. A Welshman who made his fortune in the cotton trade, Owen believed in putting his workers in a good environment with access to education for themselves and their children. Although Owen inspired the cooperative movement, others – such as Dr. William King (1786– 1865) – took his ideas and made them more workable and practical. King believed in starting small, and realized that the working classes would need to set up co-operatives for themselves, so he saw his role as one of instruction www. agdaocoop. com
The Rochdale Society of Equitable Pioneers was a group of 10 weavers and 20 others in Rochdale, England, that was formed in 1844. As the mechanization of the Industrial Revolution was forcing more and more skilled workers into poverty, these tradesmen decided to band together to open their own store selling food items they could not otherwise afford. With lessons from prior failed attempts at cooperation in mind, they designed the now famous Rochdale Principles, and over a period of four months they struggled to pool one pound sterling person for a total of 28 pounds of capital. www. agdaocoop. com
COOP PHILOSOPHY, PRINCIPLES & VALUES & COOP LAWS; AMPC ARTICLES & BYLAWS www. agdaocoop. com
WHAT IS COOPERATIVE? A cooperative is an : q autonomous q duly registered association of persons q with common bond of interest q who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations Ref. (R. A. 9520 ART. 3) www. agdaocoop. com 6
COOPERATIVE UNIQUE IDENTITY It is both an association of people and a business enterprise. v v v It is not one or the other; It is both. This dual nature of the cooperative is important in preserving its essence. www. agdaocoop. com 7
PURPOSE OF THE COOPERATIVE A cooperative always starts with an economic objective because it is meant to address an economic need. v v v Poverty alleviation Social Justice & Equity Nation Building www. agdaocoop. com 8
THE COOPERATIVE PRINCIPLES Voluntary & Open Membership Democratic Member Control Member Economic Participation 1 2 3 Autonomy & Independence 4 5 6 Education, Training and Information Cooperation among Cooperatives Concern for Community 7 www. agdaocoop. com
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COOPERATIVE PHILOSOPHY Not for PROFIT Not for CHARITY But for. . . www. agdaocoop. com 11
EQUALITY CARING FOR OTHERS DEMOCRA CY SOLIDARITY HONESTY COOP VALUES SOCIAL RESPONSI BILITY OPENNESS RESPON -SIBILITY EQUITY www. agdaocoop. com
THE AGDAO MULTIPURPOSE COOPERATIVE www. agdaocoop. com
Agdao Coop Humble Beginings The cooperative was successfully registered to CDA on June 19, 1991. It was founded by a group of 21 people of agdao public market as with an initial paid up capital of Ph 63, 000 pesos or individual paid up capital of Ph 3, 000 each. The first General Assembly was then successfully conducted in 1994. www. agdaocoop. com
Agdao Coop Humble Beginings AMVMPC was one of its program beneficiary of Credit Union Empowerment and Strengthening (CUES) Philippines, a project of the World Council of Credit Unions, Inc. (WOCCU)which started in the year 2000. This intervention has given a great significance to AMVMPC as a young cooperative because the Cooperative’s image have dramatically improve in the community. www. agdaocoop. com
Agdao Coop Humble Beginings In the year 2002 that AMVMPC changed its name to Agdao Multi-Purpose Cooperative (AMPC) to emphasize its acceptance of membership beyond Agdao public market. www. agdaocoop. com
VISION A World-class cooperative in the Philippines. www. agdaocoop. com
MISSION 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. For the country and the rest of the world, AMPC promotes and develops holistic and sustainable programs that lead to inclusive and equitable growth, people empowerment, gender equity and environmental stewardship resulting to more self-sufficient and empowered communities. www. agdaocoop. com 18
AMPC CORE VALUES • S ervice • E xcellence • R esponsible Stewardship • V ersatility • I ntegrity • C ooperativisn and Spirit of Community, • E mpathy www. agdaocoop. com 19
FOCCUS Branded cooperative Agdao Coop gained recognition among its peers. The “FOCCUS Coop” (Finance Organizations Achieving Certified Credit Union Standards) brand was awarded to Agdao Coop in 2003 by WOCCU. www. agdaocoop. com
AWARDS & CITATIONS Awarded by the City government as the “Most Outstanding Cooperative” in Davao City- large category for two(2) consecutive year, from 2007 to 2008. Most Outstanding Cooperative-large category for three(3) consecutive years and was installed in the “Hall of Famer” Famer in 2009. www. agdaocoop. com
AWARDS & CITATIONS National Shopper’s Choice awards Distinguished Coop Award Philippine Marketing Excellence award Outstanding Achievement Award National Product Quality Excellence award (Mindanao) Highest Asset and other Special Awards People’s Choice award Century Coop Circle Award, Distinguished Coop Award www. agdaocoop. com
AWARDS & CITATIONS www. agdaocoop. com
Agdao Coop TODAY. . . The first 7 -storey “Green Building” was inaugurated in 2013 at N. Torres St. Bo. Obrero, Davao City. This edifice is home to head office management and staff.
Agdao Coop TODAY. . . LOCATIONS IN KEY CITIES/MUNICIPALITIES ü DAVAO CITY ü DAVAO DEL NORTE (Igacos ü DAVAO DEL SUR (Digos) ü SOCCSKSARGEN (General Santos, Koronadal) ü CARAGA (San Francisco, Butuan) ü BUKIDNON (Valencia) www. agdaocoop. com
Agdao Coop TODAY. . . 21 BRANCHES in MINDANAO Agdao Branch Buhangin Branch Cabantian Branch Sasa Branch Ulas Branch San Pedro Branch Calinan Branch Matina Branch Toril Branch Peñaplata Branch * Babak Branch * Mintal Branch * Obrero Branch * Digos Branch * Claveria Branch * Koronadal Branch * General Santos Branch * San Francisco Branch * Mati Branch * Butuan Branch * Valencia Branch www. agdaocoop. com
Agdao Coop is Davao's first Billionaire cooperative This milestone was achieved as the cooperative celebrated its 26 th Anniversary with a theme AMPC: A Billionaire at 26 on June 19, 2017. Because of this, the coop was awarded as the First Billionaire Cooperative in Davao City by the City Cooperative Development Office and the City Government of Davao on October 24, 2016. www. agdaocoop. com
Agdao Coop is FOCCUS Branded Renewed FOCCUS Silver Brand in 2016 www. agdaocoop. com
2017 Villar Sipag Awardee Most Outstanding Community Enterprise www. agdaocoop. com
MODULE II MEMBERSHIP & GOVERNANCE www. agdaocoop. com
WHO CAN BE A MEMBER? ü Open to all Filipino citizens ü 18 to 65 years old (but not more than sixty five years old at the time of original membership). ü Who are residents and/or workers in the Philippines ü With capacity to enter a contract and possess all the qualifications prescribed in the By-laws www. agdaocoop. com
WHO CAN BE A MEMBER? ü 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 of the cooperative www. agdaocoop. com
WHO CAN BE A MEMBER? REQUIREMENTS: v. Photo ID (1 piece 1 x 1 & 2 x 2) v. Photo copy of any one valid ID (SSS ID, Voters ID, Senior Citizen ID Driver’s license, passport, Postal ID, etc. ) v. Tax Identification Number (TIN) v. Marriage contract ( Married ) v. Birth Certificate ( Single ) v 50 & above is required to have a medical certificate www. agdaocoop. com
MEMBERSHIP FEES REGULAR YOUTH Share Capital 1, 000. 00 50. 00 Initial Savings Mortuary Fund Membership Fee Coop Passbook/ID TOTAL: 100. 00 200. 00 1, 500. 00 50. 00 150. 00 www. agdaocoop. com
DUTIES & RESPONSIBILITIES Obey Articles & Bylaws, IRR, Policies and Procedures Pay capital build-up requirements Pay subscribe capital within 3 years www. agdaocoop. com
DUTIES & RESPONSIBILITIES Pay Loans; Promote & Patronize AMPC Participate Membership Education Programs Attend & Participate in meetings required as member www. agdaocoop. com
ORGANIZATIONAL STRUCTURE Representative Assembly Audit Committee Board of Directors Treasurer Mediation/ Conciliation Committee Ethics Committee Election Committee Secretary Credit Committee Education Committee Other Committee Management Staff www. agdaocoop. com
REPRESENTATIVE ASSEMBLY ü The highest policy-making body of the Cooperative ü Composed of AMPC members’ representatives or delegates in good standing elected by each district and are eligible to participate in the electoral process ü Assembled for the purpose of exercising such powers and prerogatives being the highest governing body of the Cooperative www. agdaocoop. com
DISTRICT ASSEMBLY ü The Cooperative is divided into three (3) districts composed of not less than one thousand (1, 000) members entitled to vote for each district. ü 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 www. agdaocoop. com
WHO CAN ATTEND THE DISTRICT ASSEMBLY MEETING? ü A bonafide member of the district of the cooperative where he belongs and is a member entitled to vote ü Must have a share capital of not less than Fifteen Thousand (P 15, 000. 00) Pesos ü Not delinquent as to payment of any obligation to the cooperative at least one (1) month before any assembly www. agdaocoop. com
Who are the MEMBERS ENTITLED TO VOTE (MEV) a) Must be a regular member as defined under Sections 1 A & B, Article II of these By-Laws; b) Must have a paid-up capital of at least Fifteen Thousand (P 15, 000. 00) Pesos, Philippine Currency; c) Must not be delinquent in the payments of his loan obligations and subscription at least one (1) month before the exercise of his right to vote in any assembly or election. www. agdaocoop. com
WHO CAN ATTEND REPRESENTATIVE ASSEMBLY? Only DELEGATES duly elected during a District Assembly of the Cooperative shall be allowed to attend the Representative Assembly (RA). www. agdaocoop. com
HOW TO BE A DELEGATE? QUALIFICATIONS: a) A bonafide member of the district of the cooperative where he belongs and is a member entitled to vote; b) Must have a share capital of not less than Twenty Thousand (P 30, 000. 00) Pesos and not delinquent as to payment of any obligation to the cooperative at least one (1) month before any assembly; c) Must have the time and willingness to serve the cooperative; and d) Must not be more than seventy (70) years old on the day of his election as district delegate. www. agdaocoop. com
HOW TO BE A DELEGATE? DISQUALIFICATIONS: a) Elected public officials. b) Employees of CDA or any of its branches and instrumentalities, or holding any elective or appointive positions in other cooperatives and lending institution, engaged in a business similar to that of the cooperative or who in any way has conflict of interest against the cooperative. c) Holding any elective or appointive positions in any other primary cooperative, lending institutions or any other agencies or instrumentalities whose composition and operation is akin to the composition and operation of the cooperative. www. agdaocoop. com
HOW TO BE A DELEGATE? DISQUALIFICATIONS: d) Facing any charge before a competent court, tribunal or administrative body upon a case involving moral turpitude as well as conviction by final judgment of any case whether criminal or administrative. e) Persons suffering from civil interdiction and banishment. f) Persons found later to have failed to disclose true facts in his application for candidacy without prejudice to the institution of criminal proceedings for falsification of documents or perjury, as the case may be. www. agdaocoop. com
AMPC BOARD OF DIRECTORS www. agdaocoop. com
BOARD OF DIRECTORS www. agdaocoop. com
BOARD OF DIRECTORS ALODIA M. SOJOR Director ARQUILLO VILLAHERMOSA Director www. agdaocoop. com
DISTRIBUTION OF NET SURPLUS Distribution of Net Surplus Total 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 www. agdaocoop. com
MODULE III PRODUCTS & SERVICES www. agdaocoop. com
SAVINGS www. agdaocoop. com
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SAVINGS 1 2 3 4 Types Regular savings Sinsilyo Savings (Sinsilyo Para sa Kaugmaon) Christmas Savings Education savings 5 6 7 8 9 10 Retirement Savings Leisure Savings Home Equity Savings Auto Savings Investment Savings Time Deposit www. agdaocoop. com 53
PRODUCT FEATURES Regular Savings Sinsilyo Savings Description A required upon membership Savings intended for lowerincomed members (vendors, sari-sari store owners, drivers, etcs)as alternate fund for future Initial deposit P 100 Min. succeeding dep 20 daily or 100 weekly/monthly Ave. monthly balance to earn interest P 500 Withdrawal period anytime during ofc hours Other feature use to replenish “damayan” fund saving is not deducted for “damayan” fund. www. agdaocoop. com
PRODUCT FEATURES Save for Christmas Investment Savings Description Savings intended for christmas season expenditure High-interest savings held for longer period Initial deposit P 100/P 200 Min. succeeding dep P 100/P 200 Ave. monthly balance to earn interest P 1000 Annually at P 1200/P 2400 Withdrawal period Nov. 16 to Jan 15 Other feature Savings is lock from Jan Lock-in period of ___years 16 to Nov 15 www. agdaocoop. com
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PRODUCT FEATURES EDUCATION SAVINGS RETIREMENT SAVINGS Description Long-term savings intended to fund for Education Long-term savings intended to fund for Retirement Initial deposit P 500 Min. succeeding dep P 100 monthly. P 300 quarterly, P 600 semiannually P 300 monthly. P 900 quarterly, P 1800 semiannually Ave. monthly balance to earn interest P 1, 200 annually P 3. 600 annually Withdrawal period 5 years 5 to 10 years Other feature/s Savings contribution period - Savings contribution period 5 years 5 years only www. agdaocoop. com
PRODUCT FEATURES HOME-EQUITY SAVINGS AUTO SAVINGS Description Long-term savings intended to fund for Home acquisition to fund for Retirement downpayment Initial deposit P 500 Min. succeeding dep P 500 monthly. P 1, 500 quarterly, P 3, 000 semiannually Ave. monthly balance P 1, 200 annually to earn interest P 3. 600 annually Withdrawal period 5 to 10 years Other feature/s Savings contribution period 5 years only www. agdaocoop. com
PRODUCT FEATURES LEISURE SAVINGS Description Long-term savings intended to fund for Home acquisition downpayment Initial deposit P 500 Min. succeeding dep P 500 monthly. P 1, 500 quarterly, P 3, 000 semi-annually Ave. monthly balance to earn interest P 1, 200 annually Withdrawal period 3 years Other feature/s Savings contribution period- 3 to 5 years only www. agdaocoop. com
TIME DEPOSIT FEATURES LEISURE SAVINGS Description Long-term saving. Interests are higher than other savings Deposit required P 1, 0001 and above Term/Maturity 3 to 12 months Other Terms Interest rates are posted on a monthly basis. www. agdaocoop. com
HOW TO OPEN AN ACCOUNT STEP 1: Fill-up application form STEP 2: Fill-up Deposit Signature card STEP 3: At the Cashier/Teller, pay the initial deposit required. Member may opt to add or give higher amount STEP 4. Request for Passbook as proof of transaction 61 www. agdaocoop. com
SALIENT FEATURES OF SAVINGS *Tax Free *No dormancy fee Deposit can be use to secure loans Very affordable deposit Returns through dividend/ patronage refund www. agdaocoop. com
LOAN PRODUCTS www. agdaocoop. com
BASIC PRINCIPLES q A loan to its members is a privilege rather than a right inherent to membership. q The security of the cooperative is more important than the justified credit needs of any of its individual member. q If a member-borrower has an unpaid loan amount or installment that is already due—such as loan principal, interest, and penalty —he/she shall have to update, settle or pay first his/her primary loan before any loan application will be made or accepted/granted. www. agdaocoop. com
BASIS FOR GRANTING LOAN The cooperative is guided by the following six (6)C's of Credit system in granting the loan: a. Capacity- member's income and cashflow b. Capital-member's share capital and savings in the coop c. Collateral - value of the member's personal property as loan guarantee such as TCT, Motor vehicle OR/CR, Home Appliance and Machinery and Equipment d. Character- repaying and savings habbit of member and reputation in the community and workplace e. Condition - member's purpose in using the loan and external factors such as conditions of the economy and business. c. Co-maker - other member with good credit standing who commit to answer the loan obligation of member-borrower in case of default. www. agdaocoop. com
BASIC REQUIREMENTS TO APPLY FOR LOAN Proof of income q. If employed -Latest payslip of borrower (3 consecutive months) -Service record (government employee) -Photocopy of Employee’s ID with signature - Certificate of Employment and Compensation showing tenure, basic salary and other bonuses/allowances with signature of the Head of office of the employee’s Personnel Department - Latest Pay slip within the last 3 months -ATM Payroll bank statement/snapshot (if applicable) www. agdaocoop. com
BASIC REQUIREMENTS TO APPLY FOR LOAN Proof of income q. If engage in business/self-employed - Mayor's permit - DTI Registration (for sole proprietor) -SEC Registration (for partnership/corporation) -Copy of Latest Income Tax Return (ITR) -Latest financial statements - Bank Statement - at least three (3) months (current) www. agdaocoop. com
BASIC REQUIREMENTS TO APPLY FOR LOAN Proof of identity q. If employed • Company ID • Valid ID q. If engaged in Business/Self-Employed • Valid ID • TIN Proof of Residence q. Proof of billing (light, water, internet, telephone) www. agdaocoop. com
LOAN PRODUCTS REGULAR LOAN Min. Share Cap 10% of the loan Requirement amount BUSINESS LOAN VENDOR'S LOAN P 30, 000 1, 000 Semimonthly/monthly daily or weekly Mode of Payment Semimonthly/monthly Collateral Real estate, Appliance, Chattel, residential and REM commercial only No collateral Co-Maker 1 comaker www. agdaocoop. com
LOAN PRODUCTS Who can apply REGULAR LOAN BUSINESS LOAN VENDOR'S LOAN Reg. members with 3 yrs in business, min of 1000 share gaining, min. bus. Regular member capital Income-P 30 K Loan amount Based on capacity 100 K-10 M 5 K-20 K Repayment Term Up to 36 months Up to 60 months Up to 3 months Standard deductions/ finance Charge Interest Service charge Loan Insurance Notarial fee PUC retention Filing fee Interest Service charge Loan Insurance Notarial fee PUC retention Mortgage feecollateral Interest Service Charge Loan Insurance Notarial fee PUC retention www. agdaocoop. com
LOAN PRODUCTS Who can apply PENSION LOAN ATM pensioner/ survivor Loan amount Up to 100 K Term Up to P 50, 000 – 18 months 50, 001 to 100, 000 - 36 months EDUCATION LOAN ACQUIRED ASSET LOAN Reg. member Regular Member Existing loan not delinquent Up to 100 K Based on market value of acquired prop. Up to 6 mos (College and post degree) Up tp 10 months (Basic education) Up to 36 months www. agdaocoop. com
LOAN PRODUCTS SALARY LOAN EMERGENCY LOAN BACK 2 BACK LOAN Employee with regular/ permanent status With ATM card payroll Member with good credit standing Member with other deposits (sinsilyo, Time deposits, christmas savings, installme nt savings) Who can apply Loan amount Up to P 350, 000 80% of share capital or maximum of 10, 000 Up to 90% of the deposits Repayment Term Up to 5 years Upt to 3 months Up to 3 years www. agdaocoop. com
LOAN PRODUCTS Standard deductions/ finance Charge SALARY LOAN Interest Service fee Loan Insurance Notarial fee PUC retention EMERGENCY LOAN BACK 2 BACK LOAN Interest and Service Charge Interest Service Charge PUC retention Mode of Payment Salary deduction- Bibi-monthly/monthly weekly, semimonthly, monthly Collateral None Savings Co-Maker 1 co-maker No co-maker www. agdaocoop. com
LOAN PRODUCTS PENSION LOAN BONUS LOAN Who can apply ATM pensioner/ survivor Pension loan borrower and Salary loan borrower Existin loan should be updated Loan amount Up to 100 K Up to 90% of 13 th month pay or christmas bonus Repayment Term Up to P 50, 000 – 18 months 50, 001 to 100, 000 - 36 months Lumpsum www. agdaocoop. com
LOAN PRODUCTS Availment period PENSION LOAN Anytime BONUS LOAN June to December Interest Standard deductions/ finance Service fee Charge Loan insurance Interest Service fee Mode of Payment ATM monthly pension Deduction from posted 13 th month pay/christmas bonus Collateral None Comaker None www. agdaocoop. com
CAR LOAN Purpose Purchase of Brand New Vehicle Eligible Borrower Members in good standing Has availed at least 3 loans Loan amount Up to 1. 5 M Term Up to 60 months Equity 10% Finance Charge and Other Fees Monthly Interest, Service fee Notarial, loan insurance, vehicle insurance, mortgage Comaker None Collater purchased vehicle Pledge savings 2. 5% spread over loan www. agdaocoop. com
TRAVEL LOAN Purpose Finance travel requirements for business, vacation or leisure purpose. Eligible Borrower -One (1) year member in AMPC; -Has availed one major loan with good repayment history Loan amount Up to P 200, 000 Loan Term Up to P 50, 000 - 12 months P 50, 001 - P 100, 000 -18 months P 101, 000 -P 200, 000 -24 months Finance Charge and Other Fees Monthly Interest, Service fee loan insurance Repayment Mode PDC based on loan terms Comaker None Collateral Requires collateral for P 100 K to P 200 K www. agdaocoop. com
VISA ASSISTANCE LOAN Purpose Finance VISA requirements including the coop deposit and certifications Eligible Borrower Regular Member Existing loan should be updated Loan amount Up to 5 Million Finance charge Interest only at 2% per month, fixed Terms 1 month but not more than 3 months Comaker No comaker Collateral No collateral www. agdaocoop. com
RICE LOAN Eligible Borrower 1. Member with unencumbered* min. deposit of Php 2, 000 1. Existing loans should be updated. 2. Not a co-maker of a delinquent account. Loan amount Up to 2 sacks only (100 kg) Finance charge Service charge only Terms 1 month Comaker No comaker Collateral No collateral www. agdaocoop. com
COMMODITY LOAN (P. O. ) Purpose Purchase of goods and services at NCCC and LTS stores Eligible Borrower Regular member in good standing Loan amount Up to P 20, 000 Finance charge Service charge only Terms 3 months Repayment monthly, OTC Equity 10% of the loan (savings locked) Comaker No comaker Collateral No collateral www. agdaocoop. com
COMMODITY LOAN (Water Purifier) Purpose Purchase of Pureit Water Purifier Eligible Borrower Regular member in good standing Loan amount Amount of Product Offered (SRP) Finance charge None Terms Up to 12 months (purifier unit) 1 month (purifier kit) Repayment daily/weekly/semi-monthly/monthly, OTC Comaker No comaker www. agdaocoop. com
BRIDGE FINANCING LOAN Purpose Initial financing for awarded projects in construction Eligible Borrower -Contractors duly licensed by PCAB -With government contracts -Members in good standing -Has availed loans in the cooperative Loan amount up to 25% of the total project cost Finance charge/deductions Monthly Interest, Service fee, Loan insurance, Notarial fee Repayment Lumpsum Terms up to 6 months Share Capital Req't at least P 50, 000 paid up capital Comaker No comaker Collateral No collateral www. agdaocoop. com
COMPREHENSIVE INSURANCE LOAN Purpose Finance comprehensive insurance requirement of motor vehicle owner Eligible Borrower Members in good standing Loan amount Amount of the comprehensive insurance Finance charge/deductions Monthly Interest Service fee Repayment Up to one (1) month before renewal of the vehicle insurance but not more than 11 months Equity Locked savings - 10% of the loan amount Comaker No comaker Collateral No collateral www. agdaocoop. com
REAL-ESTATE LOAN www. agdaocoop. com
REAL ESTATE LOAN Features Purpose Eligible Borrower Loan amount Term Housing Acquisition Equity Home Improvement Finance the equity/downpayment required Finance housing when acquiring a housing unit renovation or improvement or lot unit Member in good standing With stable source of income (from employment/business) Existing loan should be updated Based on the required amount/ downpayment but not more than 200, 000 24 months Based on the total renovation cost but not more than 500, 000 up to 60 months www. agdaocoop. com
REAL ESTATE LOAN Features Housing Acquisition Equity Home Improvement Finance charge/other fees Monthly interest Service fee Loan Insurance Notarial fee REM processing Mode of payment Post-dated cheque/autodebit from savings/ Salary ATM Post-dated cheque/autodebit from savings/Salary ATM Share Capital requirement P 15, 000
REAL ESTATE LOAN Features Housing/Lot Acquisition Equity Home Improvement Collateral None above P 200, 000 (Chattel/REM) Acceptable collaterals n/a residential lot, commercial lot Comaker 1 comaker www. agdaocoop. com
REAL ESTATE LOAN Features Purpose Eligible Borrower Loan amount Land Acquisition Purchase of land/lot for commercial, residential or agricultural use Home Acquisition Purchase of housing unit such house and lot/townhouse/ condominium Member in good standing With stable source of income (from employment/business) for at least 2 years Age- not more than 65 yrs at the time of loan maturity Gross monthly income - P 40, 000 Up to 80% of the total appraised value of the land -Up to 80% of the developer's total selling price of the property or based on contract to sell -Up to 70% of the total appraised value (individual seller) www. agdaocoop. com
REAL ESTATE LOAN Features Term Finance charge/other fees Land Acquisition Up to 10 yrs Up to 15 yrs for residential purpose only Monthly interest Service fee PUC Retention Loan Insurance Notarial fee Home Acquisition Up to 15 years Monthly interest Service fee PUC Retention Loan Insurance Fire Insurance Notarial fee REM processing www. agdaocoop. com
REAL ESTATE LOAN Features Land Acquisition Home Acquisition Mode of payment Post-dated cheque/autodebit from savings/ Salary ATM Post-dated cheque/autodebit from savings/Salary ATM Share Capital requirement P 15, 000 *Acceptable collaterals (properties under contract to sell) Residential/Commercial/ Agricultural Lot located at the serviceable area of Agdao coop Residential House and Lot (Individual Seller) Townhouse unit Condominium unit Comaker 1 comaker Approval Approving Authority www. agdaocoop. com
REAL ESTATE LOAN Land Acquisition Residential Lot Commercial Lot Agricultural Lot Home Acquisition House and Lot Subdivision Housing Unit Townhouse unit Condominium unit *With clean title or free from liens and encumbrances *Location: - within the serviceable area of Agdao Coop Branches - not located within classified risked-area -not subject to future development of the govertment www. agdaocoop. com
Loan Product Other Terms/Condition New member can file a loan after membership is approved. Loan is approve by the approving authority depending on the amount. A borrower can apply for re-loan if 50% of the outstanding balance is paid. If the member desires to avail other loan product, existing loan should be updated. Borrower's capacity are also considered in this case. Acceptable collaterals are coop savings (passbook/certificate), home appliance (in good condition), OR/CR of vehicle, TCT in the name of borrower) and certificate of ownership for machineries/equipment. www. agdaocoop. com
LOAN APPLICATION PROCESS Member submit loan application (complete documents) to loan department Loan Approval: BM/OIC- up to P 300, 000 Credit Comm – P 300, 001 to P 499, 000 GM – P 500, 000 to P 999, 999 BOD – P 1, 000 and above Loan Associate checks document and process application for Credit Evaluation Accounts Specialist conducts field credit/background investigation Loan officer prepares evaluation report and endorse it to Branch Manager/OIC for Approval Loan department informs member on other documents if necessary REGULAR LOAN Member is notified of the approval of his/her loan Loan Officer conducts quick briefing and explain loan deductions and other terms of the approved loan to borrower Borrower signs loan voucher and withdraws proceeds at the Teller/Cashier www. agdaocoop. com
LOAN APPLICATION PROCESS Member submit application to loan department EXPRESS LOAN Loan Associate checks document and process application Loan Officer prepares evaluation report and endorse it to Branch Manager/OIC for Approval Borrower signs loan voucher and withdraws proceeds at the Teller/cashier Loan Officer explains loan deductions and other terms of the approved loan to borrower www. agdaocoop. com
OTHER PRODUCTS AND SERVICES www. agdaocoop. com
“Damayan Aid” Insurance (Life & Non-life) Bills Payment OTHER COOP PRODUCTS/ SERVICES LTO Renewal Function Hall/Office Space Rental Social Programs ROPA Sale www. agdaocoop. com
DAMAYAN PROGRAM The concept of the program is “dayong” where active members of the cooperative contribute a certain amount, is pooled together and given to qualified beneficiaries as a form of financial assistance to be used for the payment of funeral-related expenses. A. Who can avail and when eligible? Agdao Coop members are automatically members of the program. However, to be eligible to receive the benefits thereof, savings and damayan accounts of the member should not be depleted (reached zero) for more than 30 calendar days. www. agdaocoop. com
DAMAYAN PROGRAM B. Members'Contribution For the death of a regular member, a maximum of P 15 shall be contributed by each regular member and P 5 by each associate member through automatic deduction from damayan accounts. Both regular and associate members shall contribute P 5 each for the death of an associate member. Members shall maintain a minimum monthly mortuary fund deposit of Two Hundred Pesos (P 200. 00) Pro rata amount of benefits shall be applicable based on the length of active membership to the program and share capital amount of the deceased member. www. agdaocoop. com
DAMAYAN PROGRAM 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% www. agdaocoop. com
DAMAYAN PROGRAM Share Capital % of Mortuary Contributions @ Php 15. 00/member Amount of Contribution (Php 15) 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 www. agdaocoop. com
DAMAYAN PROGRAM C. Eligible beneficiaries and claimants a. Generally, qualified beneficiaries shall be the legal heirs of the deceased member which shall follow in the order of priority, to wit: 1. Spouse 2. Child/ren or any of the children accordingly designated by the member 3. Parents or any of the parents 4. Siblings or any of the siblings accordingly designated by the member b. Any person shall be qualified to claim damayan benefits if he/she is duly designated by the member through a duly notarized Affidavit of Designation of Beneficiary or its equivalent document. c. Any person who paid for the funeral expenses may be allowed to claim damayan benefits up to the extent of the amount actually paid only. www. agdaocoop. com
DAMAYAN PROGRAM D. Requirements upon claim a. Proof of Death (1 original or certified true copy of Death Certificate); b. Proof of Relationship (photocopy of Birth Certificate or Marriage contract, whichever is applicable; except if with Affidavit of Designation of Beneficiary); c. Proof of Identity (2 valid IDs of the claimant); and d. Duly notarized Claimant’s Statement (1 original copy). e. Other documents may be required on a case to case basis www. agdaocoop. com
LIFE & NON-LIFE INSURANCE www. agdaocoop. com
Coop Family Plan STANDARD FIRE Insurance MOTOR Insurance COOP AKSI COOP ASSURANCE CENTER FIRE INSURANCE CASH ASSISTANCE STUDENT Insurance KEYMAN Protection PERSONAL ACCIDENT www. agdaocoop. com
BILLS PAYMENT SSS Remittance and PSA Online Payment www. agdaocoop. com
LTO PROCESSING q. Renewal of Motor Vehicle Registration (Davao city and outside Davao city ) q. Transfer of Ownership on Motor Vehicle Registration (Davao City & Outside Davao City) www. agdaocoop. com
SOCIAL PROGRAMS & SERVICES The following social programs are regularly conducted a. Members’ Education and Training b. AMPC KITA Program i. Livelihood Trainings and Seminars ii. AMPC Project SIKAD iii. AMPC Project TAHI c. AMPC Lusog Campaign i. Medical Missions ii. AMPC “Dugo Mo, Kinabuhi Ko” Prog. d. Calamity Assistance e. AMPC Balik Eskwela f. AMPC Project One. Two. Tree www. agdaocoop. com
FUNCTION HALL/SPACE RENTAL Function hall rental- At a very affordable rate, our function halls are available for personal/business events such as meetings and conferences, seminars, birthdays, baptismal or wedding. It is strategically located at Agdao Coop Green Building in N. Torres St. , Obrero and in Lao St. , Toril respectively. Office space rental- The office space are strategically located at AMPC Building in Bo. Obrero and in Toril, Davao City. www. agdaocoop. com
ACQUIRED ASSETS FOR SALE Repossessed assets are also available for sale. These are foreclosed property such as lot, house and lot or motor vehicle. www. agdaocoop. com
Hotline Website: (082) 300 -4355 agdaocoop. com DIRECTORY Facebook AMPC Davao https: //www. facebook. com/Agdao Multipurpose. Coop/
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