WHO CAN BECOME A MEMBER
18-65 years of age
* Membership Fee - Php 200
* Initial Share Capital - Php 1,000 (Depositors)
* Initial Share Capital - Php 100 (Loaners) and Savings Deposit - 100
* 2 Valid IDs
* 2 Pictures
* TIN
* Additional Requirements for Loaners:
*Additional Requirements for those Who will avail of Micro Insurance (NSCC-MBAI)
collection list and claim registry monitoring slip
reinstatement form">Please click here to download
SAVINGS DEPOSITS - Deposits that can be withdrawn anytime except when it was assigned as collateral or pledge in availing loans. Interest of 3%
TIME DEPOSITS - Deposits that cannot be withdrawn anytime (30 days maturity). Interest of 5% annually for minimum of Php 10,000 deposits.
SHARE CAPITAL - Deposits that cannot be withdrawn anytime unless you are withdrawing your membership. No fixed Interest rate since it depends on
SHARE CAPITAL PROMO
- You are mandated to sign undertaking that it can only be withdrawn after 3 years from the date of availment.
- Distribution of dividend and patronage refund is as follows:
35% Capital Build-up
15% Items Sold by NSCC Federation
50% Cash Dividend provided the following condition:
1.For members who has loan obligation, it will be applied as payment of loan.
2.For members who has no loan obligation, it will be added to their savings or share capital.
LOAN PRODUCTS
NSCC MPC caters the financial and marketing needs of MicroEntrepreneurs, Farmers and other interested Individual Members
BALLAIGI'T KAGIMONGAN MICRO FINANCE LOAN
-Loan program for medium or large scale entrepreneurs/stockholders
-Loan Window: Above Php 150,000
-Features/Characteristics:
-Loan program for Teachers, PNP Personnel, Government Employees
-Loan Window: Based on earning capacity
-Features/Characteristics:
-Loan Program for Farmers
-Type of Agricultural Loans
1.Regular Agri Loan Program
Loans Under Tie-Up Livelihood Programs
-Loan Program for Indigent Residents of Vigan, Santa and Caoayan Ilocos Sur
-Requirements:
