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• You will be a co-owner of one of the most prestigious, safe and sound and developing
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• You can avail of its products and services at reasonable rates. |
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| WHY CAPACITY BASED LENDING? |
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• To lower delinquency of the cooperative.
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• Allows the cooperative to give better service to the members.
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• Appropriate financing will be granted to the members with greater capacity.
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• Well-made loan is paid loan. |
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Failure to comply with payment of sworn scheduled obligation which result to an unfavorable effect in cooperative operation.
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| WHEN IS AN ACCOUNT CONSIDERED DELINQUENT? |
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• Unpaid after loan amortization date.
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• Whole balance is considered delinquent and falls under the past due or delinquent
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| WHAT WILL BE THE EFFECT IF A MEMBER DOES NOT PAY? |
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• Disservice to other members who need loans and have the capacity to pay.
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• Lowers income generation, dividends, patronage refund and services.
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• Increases the cost of loans (for members) increases operating cost.
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| WHAT MEASURES WILL THE COOP TAKE TO RECOVER LOAN? |
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• Notices and Demand Letters |
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Legal Collection |
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