Member’s Contingency Deposit

To prepare or provide security for farmer-members in case of crop failure or medical emergencies

 
Category:

Description

  • The priority or target sector are farmers;
  • Minimum deposit is ₱500.00 per month;
  • Project contract amount based on input requirement of the area or per hectare. The term is 4 years minimum contract for eight (8) productions;
  • Frequency of deposit is daily, weekly, bi-monthly, monthly, or every farm harvest at the member’s convenience;
  • It has an interest of five percent (5%)1 per annum which will be computed based on the average daily balance;
  • The interest earned is free of withholding tax;