Cooperative

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MULTI-PURPOSE COOPERATIVE



In 1991, Simbayanan ni Maria Foundation, Inc. (SMFI) was registered as a
non-stock, non-profit organization, as the parish churchs response to poverty in
Taguig,withFr.AntonioC.T.PascualorFr.Antontohisparishioners,aparishpriest
of Our Lady of the Holy Rosary from 1988 to 1992, as its founding Chairman. It
offeredprogramsonhealthservices,nutrition,skillstraining,andjobplacementas
well as college scholarships. This foundation spun off the Simbayanan ni Maria
Multi-Purpose Cooperative (SMMPC) to develop and undertake socio-economic
programs and activities for the improvement of the quality of life of the people of
LowerBicutanandadjacentbarangaysinTaguig.
In 1992, Fr. Anton was assigned to Makati City. Believing that the
cooperativewouldcollapseifthenextparishpriestdidnothavesocialorientation,
theBoarddecidedtotakeSMMPCoutofthejurisdictionoftheparishchurchand
transformed SMMPC into a community-based cooperative. The SMMPC Board-
cum-Pastoral Council was maintained while a new set of officers was appointed
totheParishPastoralCouncil.ThoughstillinMakatiin1995,Fr.Antonwaselected
SMMPCChairman.
SMMPChasthefollowingobjectives:
1. To promote the cooperative among its members and create funds to be
abletograntloansforproductiveandprovidentialpurposes;
2. Toprocureanddistributecommoditiestomembersandnon-members;
3. Toundertakejointagriculturalorindustrialproduction;
4. Tosupplyproductioninputstomembersandhelpmarkettheproduct
5. Topromoteanintegratedcooperativesystemasawayoflifesoasto
improvethesocialandeconomicwell-beingofthepeople;
6. Toundertakeanyrelatedactivityleadingtothemembersself-government
andtoimprovethepeoplessocialand/oreconomicwell-beingundera
trulyjustanddemocraticsociety;
7. Toworkwiththecooperativemovement,non-governmentandgovernment
organizationsinthepromotionanddevelopmentofcooperativesandin
carryingoutgovernmentpolicies;and
8. Toundertakeotheractivitiesfortheeffectiveandefficientimplementation
oftheprovisionsoftheCooperativeCode.

Simbayanan





ACommunitycooperativewithintegratedsocialandbusiness
entrepreneurshipservicesforthetotalhumandevelopmentof
allcooperators.




Topracticegoodgovernance,efficientandeffective
managementandfullyempoweredmembershipwiththe
cultureofcooperativismasawayoflife.

GodCenteredness;
SocialResponsibility;
PersonalDiscipline;and
FAITH

F Fairness
AAccountability
IIntegrity
TTransparency
HHumility

Vision
Mission
Core Values





LOAN:
1. Loan with no collateral

Regular/CharacterLoan
ShareCapitalEmpowermentProgram

2. Loan with collateral

ReaEstateMortgage(REMLoan)
REMRegular
REMExpress(noannotation)
REMStandbyRevolvingCreditLine
Back-to-BackLoan(BTBL)
MotorVehicleLoan
Car&Motorcycle
QuickJewelry
MemorialLoan
achoicefrom:
HeritageMemorialLot(LawnLot)
St.ThereseColumbarium(Vault)




1. Savings 7.BayadCenter
2. TimeDeposits 8.SocialEntrepreneurshipTraining
3. YoungSavers andSeminar
4. PhilHealthPaymentAcceptance 9.InsuranceDeathBenefit
5. WesternUnionMoneyRemittance10.VenueforallOccasions
6. Scholarship-SMFI
Products
Services


























How to be a
Member?
1. Fill out Membership Application Form

(Sagutan ang Membership Application Form)
2. Attend Pre-Membership Education Seminar (PMES)
(Dumalo sa Pre-Membership Education Seminar (PMES))
3. Proceed to Membership Department
(Magtungo sa Membership Department)
4. Fill out Membership Data Card
(Sagutan ang Membership Data Card)
5. Subscribe to a minimum 1 Preferred Share
(Maglagak ng katumbas ng 1 Preferred Share)
6. Wait for advice from Membership Department
(Magsagawa ng CIBI)
7. Submit Requirements
(Ipasa ang mga kinakailangang dokumento)
8. Pay in full the required Membership Fee, Insurance, Share Capital,

(Magbayad ng mga kinakailangang bayaran gaya ng Membership
9. Fill out ID Form/Picture Taking/Get Membership Kit and ID


(Sagutan ang ID Form/Magpakuha ng Litrato/Kunin ang
10. Secure Passbook
(Kunin ang Passbook)
REQUIREMENTS
Regular Member
1. Membership Application Form
2. 2x2 pic w/ white background 2pcs
3. Residence Certificate (Cedula)
4. Proof of Billing
5. Accomplished Signature Card
6. Duly Accomplished Insurance Form
7. 2 Valid IDs

Associate Member
1. Membership Application Form
2. 2x2 pic w/ white background 2pcs
3. Residence Certificate (Cedula)
4. Proof of Billing
5. Accomplished Signature Card
6. 2 Valid IDs

Savings, etc. less the initial payment made in the Preferred Share
Fee, Insurance, Share Capital, Savings, etc. ibabawas ang
paunang bayad sa Preferred Share
Release Slip


Membership Kit at ID) Release Slip
MGA BENEPISYO NG
REGULAR NA MIYEMBRO
1. Dibidendo at Balik-Tangkilik
(Dividend & Patronage Refund)
2. Mababang tubo sa pahiram
(1%, 1.5%, at 2% o mas
mababa pa kada buwan)
3. Mataas na tubo sa savings at
walang buwis o Tax
4. Maaring ilipat ang Share
Capital, Savings at Time
Deposit sa mahal sa buhay
kapag ang miyembro ay
namayapa na
5. Mahabang termino sa
pagbabayad (1, 2, 5 taon)
6. Hanggang 3 Milyon ang
puwedeng hiramin






ELIGIBILITY FOR REGULAR MEMBERSHIP
Dapatnasalegalnaedadmula18taonggulangpataas,permanenteng
nakatiraonagta-trabahosaTaguigCity,Brgy.RizalatPemboMakatiCity.Siyaay
kailangangsumailalimsaisangpre-membershipseminaratnakapagbayadng
hindibababasaP3,500.00.
AngisangbagongRegularmembernaaabotsadeadlinenaitinalagapara
sa isang General Assembly ay maaaring makaboto sa halalan o
kumandidato sa mga pwestong pagbobotohan kapag pumasa sa
pamantayanngElectionCommittee.

1. REGULAR MEMBER
InitialInvestment:P3,500.00
1, 700.00 Share Capital Dividend, Rebates
500.00 Savings 3%Int.rate/NoTax
500.00 Savers 3%Int.rate/NoTax
300.00 Insurance 90,000.00CashBenefit,
10,000.00Burial
Assistance
500.00 MembershipFee 2Passbook,Certified
Kamay-AriT-Shirt,
MuntingAklat,Annual
Souvenir,Kamay-AriID


2 Uri ng Kasapian ayon sa
Batas ng R.A. 9520


2. ASSOCIATE MEMBER
InitialDeposit:P600.00
500.00 Savings
100.00 PreferredShare

Mgadapattandaan:
1. Dapatnasalegalnaedadomula18taonggulangpataas,
permanentengnakatiraonagtatrabahosaTaguigCity,Brgy.Rizalat
Brgy.Pembo,Makati,salabasngTaguigatCALABARZONArea.
2. DapatsumailalimsaPre-membershipeducationseminarat
nakapagbayadnghindibababasaP100.00parasaPreferredShare.
3. MaaaringmagingRegularMemberkapagumabotnasaP3,500.00
angibinayadatnakapasasaisinagawangCIBIngkooperatiba.Pero
kunghindinakatiraonagtatrabahosaTaguigCity,Brgy.RizalatBrgy.
Pembo,MakatiaymananatilingAssociateMember.
4. Maykarapatansalahatngprebilehiyomalibansapagbotoatiboto
sataunangGeneralAssemblyathalalan.
Paano Maging Miyembro (How to become a member)
Pumuntaotumawagsa:














Office/Branch Address Contact Details
MAIN OFFICE 115MLQuezonSt.,Prk.2 837-0011loc.104
LowerBicutan,TaguigCity
838-66-65loc.105
TANYAG BRANCH DelaRosaPlaza,Maalac
Ave.BagongTanyag,Taguig
City
837-4234
TUKTUKAN EXTN.
OFFICE
2/fLCBldg.,31Gen.LunaSt.,
Tuktukan,TaguigCity
330-0247
PEMBO BRANCH 2/fAECBldg.,SampaguitaSt.
cor.LasMariasSt.,Pembo,
MakatiCity
757-0206


AngatingPunongTanggapanatmgasangayaybukasmula8:30am
5:00 pm. Lunes-Biyernes at kung Sabado naman ay bukas hanggang
tanghali(8:30am-12:00NN)

Therearesix(6)creditstandardsasfollows:
6 Cs of Credit:
1. Character-willingnesstopay/background
2. Capacitytopay-abilitytopay
3. Condition-oftheborrower/business
4. Collateral-securityoffered
5. Capital-networth(assetliabilities)
6. Co-Maker-SharedLiability

LOANS
A. Back-to-Back Loan (BTBL)

REQUIREMENTS:
1. BTBLLoanForm(Properlyfilledout)
2. SMMPCPassbook

PROCEDURE:
1. Member-Borrrower(MB)accomplishestheCoopLoanApplicationForm
(AF)forBTBLandattachesalltherequirements.
2. CreditDepartmentdoestheinitialassessmentontheAFintermsof
completenessofdata,signatureofMBandsupportingpapers(perCoop
CreditPolicy/ProductParameters)
3. MBwaitsforhis/hernametobecalledbythecashierfortheloanrelease.

Back-to-Back Loan (BTBL)

Loan Amount = Share Capital
+ Savings
+ Time Deposits

Interest Rate : 1% per month (flat rate)
Maximum Term: 24 months

Products
90%
loanable
amount

B. Real Estate Mortgage (REM Loan)

REMRegular,REMExpress,StandbyRevolvingCreditLine

REQUIREMENTS:
1. LoanApplicationForm(Properlyfilledout)
2. CertifiedTrueCopyofTCT(fromRegistryofDeeds)
3. VicinityPlan
4. OriginalTCT/OCT(TransferCertificateofTitleorOriginalCertificateof
Titlewithvicinityplan(original)forsubmissiononcetheloan
applicationisapproved.
5. TaxDeclaration(Current)ofHouse/LotCertifiedTrueCopy
6. TaxCertificate(Current)ofHouse/LotCertifiedTrueCopy
7. 2Pcs2x2IDPicture
8. PictureofCollateral(Property)
9. TaxIdentificationNumber(TIN)
10. CommunityTaxCertificate(Cedula):Borrower,Spouse(ifmarried)2Co-
Maker
11. PDC(PostDatedCheck/s)above100,000.00
12. FeasibilityStudy(PurposeofLoan)
13. ProofofIncome(FamilySourceofIncome)
14. SPA(SpecialPowerofAttorney)ifnecessary
15. Otherdocuments(ifnecessary)

PROCEDURE:
1. Member-BorroweraccomplishestheCoopLoanApplicationForm(AF)
forREMandattachesalltherequirements.
2. CreditDepartmentdoestheinitialassessmentontheAFintermsof
completenessofdata,signaturesofMBandsupportingpapers(per
CoopCreditPolicy/ProductParameters)
3. CreditDepartmentconductsCIBIforfurthervalidationofinformation
received.
4. CreditDepartmentinformstheMBaboutthestatusofAF;approved,
deferredordenied.
5. Ifapproved,allparties(MB,co-borrowerandco-maker)signallREM
documentsintheMainOfficeinthepresenceofCreditOfficer(CO).
6. CreditDepartmentinformstheMBforthescheduleddateofrelease.
fromAssessorsOffice
Real Estate Mortgage (REM)
Collateral: Land Title (TCT) only
NCR / Metro Manila areas only
Loanable Amount : 60% of appraised Value
Interest Rate : 1.5 % per month (flat rate)
Maximum Term : 60 months or 5 years
Maximum Loan Amount: P 2 Million



C. Motor Vehicle Loan
1. Car
REQUIREMENTS:
1. 2pcs.2x2picture
2. MotorVehicleLoanForm(Properlyfilledout)
3. LatestincomeTaxReturn(ITR)orVerifiedin-houseFinancialRecord
4. BankStatements/Passbook/TimeDeposit
5. DTIRegistrationorMayorsPermit(formemberswithbusiness)
6. SMMPCIDandPassbook
7. PostDatedChecks(PDC)
8. SSS/GSISCard
9. TaxIdentificationNumber(TIN)
10. CurrentYear/CTCNo.(MB,spouse&co-borrower)
11. OtherDocuments(ifnecessary)

2. Motorcycle
REQUIREMENTS:
1. 2pcs.2x2picture
2. MotorVehicleLoanForm(Properlyfilled-out)
3. ProofofBilling(WaterBill,ElectricalBill)
4. PhotocopyofValidIDs(Borrower&Co-Borrower)
5. CedulaofMember-Borrower,spouse&Co-Borrower
6. ProofofIncome(IfEmployed,EmploymentCertificate,payslip)

PROCEDURE:
1. Member-BorroweraccomplishestheCoopLoanApplicationForm(AF)
forMVLandattachesalltherequirements.
2. CreditDepartmentdoestheinitialassessmentontheAFintermsof
completenessofdata,signaturesofMBandsupportingpapers(per
CoopCreditPolicy/ProductParameters)
3. CreditDepartmentconductsCIBIforfurthervalidationofinformation
received.
4. MBwillbeinformedpriortocollateralinspectionforpropertyappraisal
5. CreditDepartmentinformstheMBaboutthestatusofAF;approved,
deferredordenied.
6. Ifapproved,MBwillbeadvisedtoplacehis/herpayments.


7. Allparties(borrower,co-borrowerandco-maker)signallMVLdocuments
intheMainOfficeinthepresenceoftheCreditOfficer.
8. CreditDepartmentinformstheMBforthescheduleddatereleaseofthe
vehicle
9. Uponrelease,MBmustbepresenttoreceiveandsigndeliveryreceipts.

D. Business Loan Non-Collateralized/BLNC

1. Regular/Character Loan
2. Share Capital Empowerment Program (SCEP)

REQUIREMENTS:
1. BLNCLoanForm(Properlyfilled-upand
signedbothbyborrower&co-maker)
2. SMMPCPassbook
3. Co-Borrower/Co-Maker
4. PhotocopyofValidID/SMMPCID(Borrower&Co-Makerw/signature
specimen)
5. ForSCEP,borrowershouldbeaMIGS(goodpayer)for3years
6. OtherDocuments(ifnecessary)

PROCEDURE:
1. Member-BorroweraccomplishestheCoopLoanApplicationForm(AF)
forMVLandattachesalltherequirements.
2. CreditDepartmentdoestheinitialassessmentontheAFintermsof
completenessofdata,signaturesofMBandsupportingpapers(per
CoopCreditPolicy/ProductParameters)
3. CreditDepartmentconductsCIBIforfurthervalidationofinformation
received.
4. CreditDepartmentinformstheMBforthescheduleddateofrelease.

E. Quick Jewelry Loan

REQUIREMENTS:
1. TheapplicantshouldbeanSMMPCMember
2. PropertyJewelry

Regular /Character Loan/BLNC

Loan Availment = Share Capital should be
1/3 of loan amount if
P 30, 000 and below
= Share Capital should be
or 50% of loan amount
if above P 30, 000

Interest Rate : 2% per month
(flat rate)
Maximum Term : 24 months or 2 yrs. Max.
Loan Amount : P 200,000.00


PROCEDURE:
1. TheJewelryissubjectforappraisal
2. Oncetheappraisalandcomputationprocessisdone,applicantwillbe
informedhowmuchhe/shecanborrow.

F. Memorial Loan
1. HeritageMemorialLot

REQUIREMENTS:
1. MemorialLoanForm(properlyfilledout)
2. SMMPCIDandPassbook

PROCEDURE:
1. Member-BorroweraccomplishestheCoopLoanApplicationForm
(AF)forMLandattachesalltherequirements.
2. CreditDepartmentdoestheinitialassessmentontheAFinterms
ofcompletenessofdata,signaturesofMBandsupportingpapers
(perCoopCreditPolicy/ProductParameters)
3. PaytheServiceFeeamountingtoPhp1,875.00
2.St.ThereseColumbarium(Vault)

Please call Credit Department for complete information at 837-0011 loc 103















A. DEPOSITS
1. SAVINGS

REQUIREMENTS:
MembersDataCard(properlyfilledout)
SignatureCard(properlyfilledout)
1ValidID(photocopy)
1pc1x1picture
1pc2x2picture

PROCEDURE:
1. FilloutMembersDataCardandSignatureCardandsubmititto
MembershipDepartment
2. Paythefinancialrequirementstothecashier(getanumberfromthe
securityguard-on-duty)
3. Afterpayment,submittheOfficialReceipttoMembershipDepartment
forprocessingofPassbook
4. Signdocuments
5. Getpassbook

2. YOUNG SAVERS

REQUIREMENTS:
MembersDataCard(properlyfilledout)
SignatureCard(properlyfilledout)
1ValidID(photocopy)
2pc1x1pictureofparents/guardian
2pc1x1pictureofTrustee
Services


PROCEDURE:
1. FilloutMembersDataCardandSignatureCardandsubmitto
MembershipDepartment
2. Paythefinancialrequirementstothecashier(getanumberfromthe
securityguard-on-duty);
Regular :Php500.00savings
Associate :Php500.00savings
Php100.00preferredshare
3. Afterpayment,submittheOfficialReceipttoMembershipDepartment
forprocessingofPassbook
4. Signdocuments
5. Getpassbook

3. TIME DEPOSIT
A. LongTermTimeDepositrates

B. ShortTermTimeDepositrates
AMOUNT
3 MONTHS
(rates/annum)
6 MONTHS (rates/annum)
Php10,000Php50,000 3.500% 3.625%
Php50,001Php100,000 3.625% 3.750%
Php100,001Php300,000 3.750% 4.000%
Php300,001Php500,000 3.875% 4.250%
Php500,001Php1,000,000 4.000% 4.500&
AMOUNT
1 YR
INTEREST
1 YR & 1 DAY TO
3 YRS. INTEREST
3 YRS. & 1 DAY TO
5 YRS. INTEREST
Php50,000Php500,000 3.50% 3.75% 5.00%
Php500,000Php1MILLION 3.75% 4.00% 5.25%
Php1,000,001Php3MILLION 4.00% 4.25% 5.50%
Php3,000,001Php5MILLION 4.25% 4.50% 5.75%
Php5,000,001ANDABOVE 4.50% 4.75% 6.00%


C. High5Promo(FreshFundOnly)
AMOUNT 6 MONTHS (rates/annum
Php1,000,000Php2MILLION 5.500%
Php2,000,001Php3MILLION 5,750%
Php3,000,001Php4MILLION 5.875%
Php4,000,001Php5MILLION 6.000%
Php5,000,001ANDABOVE 6.500%

B. INSURANCE DEATH BENEFIT

Simbayanan ni Maria Multi-Purpose Cooperative (SMMPC) believes
that life insurance certainly is an essential component of the cooperative.
This seeks to protect the members family in the event of a members
untimely demise. With the objective of providing extended services to its
members, the cooperative partners with First Life Insurance in providing
Basic Life Insurance assistance. First Life Insurance is SMMPC accredited
lifeinsuranceprovider.

Existing Members of SMMPC who are below 71 years old and not
less than 18 years old will be covered by the Basic Life Insurance (Php
90,000.00)andPhp10,000.00BurialBenefitthroughFirstLifeInsurance..

NewMembersofSMMPCwhoarebelow 60 years old and not less

than 18 years old whetherRegularorAssociatemembermayapplytobe
covered by the Basic Life Insurance (Php 90,000.00) and Php 10,000.00
BurialBenefitthroughFirstLifeInsurance.

ExistingMembersofSMMPCwhoare71 years old and abovewillbe

covered by the In-House Death Benefit Assistance called as Damayan
TrustFundofPhp30,000.00only.

SMMPC has the right to change the policy from time to time to
improvetheeffectivenessofitsoperationandthepolicysintent.

C. SOCIAL ENTREPRENEURSHIP TRAINING & SEMINAR

Simbayanan ni Maria Enterprise Center provides training formation
for business capacity building and developing member entrepreneurs
thereby uplifting human lives and re-integrating them in the society of the
businessworld.TheCenteraimstobuildmoraleofthecooperatorsandto
workwithpeoplewhoaresociallyresponsibleinbusiness;workwithother
groups that have a common aim in bringing about social change,
improving business capabilities of existing enterprise and allowing well-
trained, viable micro entrepreneurs to develop their businesses after
receiving training in the center. This business development programs will
alsoleadtogeneratingsustainableemploymentopportunitiesintheCityof
Taguig.

The Center provides its members and young entrepreneurs

training/seminar on Management Capacity Building: Social
EntrepreneurshipTrainingsuchasFinancialManagementandLeadership
training, Marketing, etc. The Center also provides Skills Training Program:
likefoodprocessing;BodyMassage&Therapeutic,BasicBeadWorks,Fish
Processing,Perfume&CologneMaking,etc.Productexposurelikejoining
tradefairexhibits,localbazaars,andLakbay-Aralformembertolearnmore
about best practices in business and life, through business forums,
innovation and the sharing of know-how, and mutual learning among
entrepreneurs.

OTHER SERVICES
D. PhilHealthPaymentAcceptance
E. WesternUnionMoneyRemittance
F. BayadCenter
G. ScholarshipSimbayananniMariaFoundation,Inc.
H. Venueforalloccasions

SMMPC Board of Directors





SMMPC Committees
AUDIT ELECTION MEDIATION & CONCILIATION
Myrna G. Cortes, Chairperson Jo Tan-Quisquis, Chairperson Dir. Andres B. Buraga, Chairperson
Louisiana B. Salvador, Member Dionisio S. Manuel, Member Norman D. Sta. Ana, Member
Eufrocina M. Mercado, Member Necita N. Medina, Member Genaro Dayag, Member

MEMBERSHIP ETHICS
Dir. Norman M. Mirabel, Chairperson Dir. Carmela B. Cortes, Chairperson
Felisa D. Trinidad, Member May F. Repelar, Member
Joey Q. Palamos, Member Demetria Peaflor, Member
STERD YOUTH
Dir. Adorable R. Coloma, Chairperson Dir. Hilda A. Tinampay, Chairperson
Edna A. Baares, Member Dir. Angelita S. Ramos, Member
Jose Johaury I. Ebora, Member Melanie L. Moleo, Member
Elizabeth C. Franco, Member
Luzviminda C. Abines, Member
Nedlloyd G. Caypuno, Member

Management

Hector M. Gresola, President & CEO Edna A. Baares, Vice President Resource Group
Jose Johaury I. Ebora, Membership Dept.
Josephine J. Tinampay, Finance Dept.
Feby-Lyn D. Moreno, Accounting Dept.
Hermenegildo B. Cruz, Collection Dept.
Elizabeth C. Franco, Admin Officer
Luzviminda C. Abines, Business Development Officer
Melane D. Magallanes, Credit Dept.
Nedlloyd G. Caypuno, I.T.
Adorable C. Coloma Norman M. Mirabel Andres B. Buraga Atty. Gilbert C. Luyun
Hilda A. Tinampay Angelita S. Ramos Carmela B. Cortes Jo Tan-Quisquis
Member, BOD Member, BOD Member, BOD Cooperative Secretary
Member, BOD Member, BOD Member, BOD Cooperative Treasurer