P14 Multi-Purpose Development Cooperative

Ang layunin ng kooperatiba ay ikampanya ang kamulatan sa mga miyembro at OFWs ang kahalagahan ng paghihirap at sakripisyo na malayo sa pamilya dahil sa paghahanapbuhay sa ibang bansa. Itinatag ang kooperatiba upang ituro ang pagtitipid at pag-iimpok habang kumikita at maihanda ang mga kaanib nito sa pagbabalik sa ating bansa pagdating ng tamang panahon

 

P14 Multi-Purpose Development Cooperative

P14 Multi-Purpose Development Cooperative

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The Cooperative has 2 types of membership, namely: 

1. The Regular membership of the Cooperative is open to any natural person, Filipino citizen, of legal age, with capacity to contract, and has the following qualifications: 

a) Completed the prescribed pre-membership education training;
b) Undertake to uphold the By-laws, policies, guidelines, rules and regulations promulgated by the Board of Directors and the General Assembly.
 
 

A Regular member is one who is entitled to all the rights and privileges of membership while an Associate member is one who has no right to vote and be voted upon and shall be entitled only to such rights and privileges of the Cooperative. 

2. The Associate membership of the Cooperative is open to any natural person, Filipino citizen, of legal age, with capacity to contract, and has the following qualifications:  

a) Completed the prescribed pre-membership education training;
b) Undertake to uphold the By-laws, policies, guidelines, rules and regulations promulgated by the Board of Directors and the General Assembly.
 
 
Share Capital Contribution 

Five hundred pesos (Php 500.00) per share 

1. Associate Member Contribution 
1 to 59 shares
Php 500.00 to Php 29, 500.00
 

2. Regular Member Contribution 
60 shares
Php 30,000.00 and above
 

An applicant for a Regular Membership must undergo with the requirements provided in the By-laws of this cooperative. The applicant may opt for the following mode of payments: 

1. Full Payment

Membership Fee  Php 250.00
Contribution Php 30,000.00
TOTAL Php 30,250.00

2. Monthly Installment

First Month:  
Membership Fee  Php 250.00
Contribution Php 7,500.00
TOTAL Php 7,750.00
   
Succeeding Months:  
2nd to 11th Month Php 2,045.45
12th Month Php 2,045.50

3. Quarterly Installment

First Quarter:  
Membership Fee Php 250.00
Contribution Php 7,500.00
TOTAL Php  7,750.00
   
Succeeding Quarters:  
2nd to 4th Quarter Php 7,500.00

However, the applicant who opted for monthly and quarterly installment will be entitled to all the rights and privileges of a Regular Member upon completion of the required share capital contributions as per stipulated in the P14 MPD Cooperative By-Laws.

Last Updated ( Monday, 14 April 2008 )
 
 
P14 Multi-Purpose Cooperative