REGULAR LOAN:
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> open for coop members with minimum of Php5,000.00 share capital
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> deductions include: 1% monthly interest; % filing fee; 2% service fees and 3.5% capital build-up [added back to share capital]
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> for all loan amounts equal to one's share capital, the Coop Manager will be the one to approve; the second loan is up by 150% and shall be approved by the Coop Board Chairman upon recommendation by the Credit Committee and to be backed by one co-maker; for the third and beyond, it is 200% or more, it shall be approved by majority of the the Board of Directors upon recommendation by the Credit Committee and to be backed by a collateral
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> payable in 3, 6 or 12 months
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> a 2% penalty on the unpaid amortization shall be imposed after a grace period of 5 days
