LIMCOMA MPC INVESTOR became a member of LIMCOMA Multi-Purpose Cooperative in 2003. This website tracks the financial benefits of investing in a local cooperative and possibly make a comparison in terms of the return on our capital with other investment vehicles.Requirements
Requirements for individual applicants are easy to organise. Six years ago, here is the list of documents to be submitted by prospective members together with their completed application forms:
- birth certificate
- marriage contract
- residence certificate (now called community tax certificate)
- two copies of 2"x2" pictures
- application fee of 150 pesos
- seminar fee of 150 pesos
- farm survey (by Members Services Division personnel)
- Memorandum of Undertaking to be signed at the LIMCOMA Main Office at Barangay Sabang, Lipa, City, Batangas, Philippines
The application form for individual applicants asks for the following information:
- name
- address
- date of birth
- place of birth
- occupation or profession
- civil status
- telephone or mobile number
- educational attainment
- name of dependents or children
- beneficiaries
- farm location
Pre-Membership Education Seminar or PMES is a major requirement before one can be considered for membership in LIMCOMA MPC. Here is an outline of the proceedings that LIMCOMA MPC Investor attended sometime in 2003 from 9:00 a.m to 2:00 p.m. with 149 other participants:
- Invocation
- National Anthem
- Message by the Chairman of the Board
- How and What is the Cooperative
- Cooperative Principles
- Break for Snacks
- History, Mission and Vision
- Organizational Structure
- Message from the LIMCOMA President
- Cash Flow
- Lunch Break
- LIMCOMA Rural Bank
- Batangas Prime Processed Meat Business
- Duties, Responsibilities, Rights and Priveleges
- Members Services Division
- Highlights
Certificates of Attendance were distributed to those who have completed the pre-membership education seminar conducted by the Education, Training and Membership Committee.Share capital
The minimum paid-up share capital required of new members is 6,000 pesos which LIMCOMA MPC Investor dutifully made payment of in compliance with the requirements for membership.
