Reports:
Members of OLMC contribute a lot for its developments especially in the money contribution. Members must pay P200 for membership fee and must participate in the savings programs which indicated below;
· Subscribe for at least ten (10) shares and pay for them either in lump sum or installments under the terms and conditions prescribed in the Membership Agreement;
· Increase contribution by at least twenty percent (20%) of his/her capital share annually;
· Maintain P200 deposit for the Damayan Fund.
Active member of OLMC can avail his/her patronage refund every end of the year the amount he/she can get depend on the contributions that he/she have contributed in lending program of OLMC.
Reflection:
Every members of the OLMC credit cooperative gives or contribute their share capital. They must give exact money for the programs of the coop. Share capital is the primary resources of the coop without which, coop will not run. I learn that this cooperative has program for the development of their community.
