A Great Start

for the year 2015, the Coop was able to have a total net surplus of Php108,873.97, 70% of which shall be allocated as interest for share capital or dividends and the rest for patronage refund.

Do take note though that only those with the minimum Php5,000.00 share capital are allocated their dividend for the whole year of 2015. For the patronage refund, however, those members with less than Php5,000.00 are allocated their patronage refund as long as they availed of the credit services offered by the Coop.

As a refresher, the dividend is that amount that we receive as interest income for the share capital we invested in our Coop divided by the total average share monthly. For 2015, the rate computed for dividends is .08971.

The patronage refund on the other hand, is that amount we receive as rebates for the net total interest we earned for our loans with the Coop divided by the total interest earned on total loans. For 2015, the rate computed for patronage refund is .20422.

For those with less than Php5,000.00, find ways to at least reach the minimum paid up capital of Php5,000.00 so that you, too, will be able to receive dividend next year. While at it, try to patronize our loan services as well so you can receive patronage refund as well, thus earnign two ways with out Coop.

#ROI #divident #patronagerefund