Share Capital (Saping Puhunan)
Share Capital is the amount contributed by a member to establish and maintain their ownership in DACCO MPC.
Key Information:
- Reflects a member’s stake or ownership in the cooperative
- Required for membership and continued affiliation with DACCO MPC
- Minimum required Share Capital: ₱1,000.00 (subject to policy updates)
Withdrawal Policy:
- Not withdrawable while the member remains active
- Can only be withdrawn upon official account closure, subject to clearance of obligations
Share Capital Subscription
A member’s formal commitment to pay the required minimum share capital within a specific timeframe, allowing for gradual and sustainable capital build-up.
How It Works:
- Member completes a Subscription Agreement Form upon joining
- Share capital fulfilled through monthly or scheduled installments
- Each payment is credited to the member’s share capital account
- Once fully paid, a Share Certificate is issued
- New Subscription Agreement is completed after full payment
This mechanism supports the cooperative’s capital needs while helping members strengthen their ownership and maintain active membership.
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