Lending Business Line
Koop King MPC started its lending operations in 2007 located on the 3rd Floor, Airmen’s Mall, Col Jesus Villamor Air Base (CJVAB). The start-up capital is P200,000.00 with Five (5) Founding Board of Directors. During that time, the qualified category to be a member of the cooperative must be from the active Philippines Air Force, Pensioner, and civilian employee by ACDI MPC.
At present, Koop King MPC is now accepting members from different membership category, namely:
- Philippine Air Force
- Philippine Marines/ Navy
- Philippine Army
- Government Civilian employees
- AFP Pensioner
Koop King MPC ensures that new members can be part of the cooperative with this simple membership requirements, a minimal initial investment for interested members in the amount of Five Hundred Pesos P500, breakdown of investment and requirements are as follows:
Military ID or 2 Valid IDs
Filled-out membership form
Initial Savings Deposit – 300.00
Initial Share Capital Con – 200.00
- SD maintaining balance to earn interest is P500.00
- Initial share capital of P200 will already earn interest.
- SCC Minimum subscribed capital is P5,000 payable in installment.
Koop King MPC thinks about the welfare of the members, to promote savings and to cater the financial necessity of the members, Koop King MPC offers investment and loan services. The types of investment and interest rates are shown in the table below:
* SAVINGS DEPOSIT
* TIME DEPOSIT (tax-free)
Below P1.5 Million
P1.5 Million and Above
* SHARE CAPITAL CONTRIBUTION
Rate is based on the performance by the COOPERATIVE
(Has declared 8% tax-free)
Guaranteed rate; now offering 5% tax-free
Koop King also offers different types of loans, the member can choose different terms according to their needs, a term starting from 1 year up to 10 years, it will depend on the type of loan the member will take. Check the table below for the type, interest rates, and terms that you can avail yourself of.
TYPE OF LOAN
1 year to 5 years
BACK TO BACK
1 year to 10 years
P3 LOAN PACKAGE
1 year to 2 years