A loan window to cater the needs of Bank’s members to finance their operation.
Borrowers Eligibility Criteria
Must be a regular member of Ilocos Consolidated Cooperative Bank and/or cooperative with Due for Deposit on Stock Subscription (DSS) with approved membership from the board;
With current Certificate of Compliance from the Cooperative Development Authority and the Bank.
Mode/terms of payment
lumpsum
Monthly
Quarterly
Semi Annual
requirements/Conditions
Post dated checks covering installment payments (case to case basis)
Certified photocopy of the Articles of Cooperation and By-laws and amendments, if any (for new applicants)
photocopy of CDA Certificate of Registration (for new applicants)
Copy of audited financial statements for the past two (2) years
Latest interim financial statements
Board resolution requesting for financial assistance and designating at least two (2) authorized representatives
List of key officers
ID photo of authorized representative
Certificate of Compliance from Cooperative Development Authority