Savings / Share Capital Products

“Anak sa Membro,
Sigurado Maka-Eskwela sa Kolehiyo”

Promoting Education through Education Program

PROmoting equal opportunity for college
EDucation for the children of Marginalized Families

PROED follows the concept and principle of “save for the rainy day”. This is about setting aside resources while you are still at the peak of your income-generating capacity for the future education of your children.

  • College Education Savings Plus Program
  • PISO – PISO TIGOM
  • AFLATUON
  • SAVINGS AIMING FOR VENTURE EVENTS & DREAMS
  • PLAY TO SAVE (P2S) *PEOPLE’S PREFERRED INVESTMENT

Secure your children’s future today by saving for their college education!

  • This program was established in order to facilitate the opening of a special deposit account called COLLEGE EDUCATION SAVINGS PLUS PROGRAM (CESPP) by members as a requirement in participating in the COLLEGE EDUCATION FINANCING PROGRAM (CEFP).
  • The nominee or would-be student of the depositor must not be more than twelve (12) years old upon the opening of the savings account.
  • Minimum amount to deposit regularly (monthly) without fail; a. Php100, b. Php600, c. Php2,500

Note: This is a savings program, not an Education Plan

Benefits of Opening College Education Savings Plus Program (CESPP)
Php 100.00/mo.

CESPP Type Deposit
The depositor can avail educational loan every semester.

Benefits
Provided loan availed has been fully paid before the enrolment of the next semester.

Condition
The amount to be financed shall be dependent on the school assessment of the borrower. Upon graduation, the total deposits including accumulated interest can be withdrawn by the depositor.

Php 600.00/mo.

CESPP Type Deposit
The nominee can avail the benefit of studying college and pay only the interest due of outstanding principal balance and the remaining unpaid balance only after graduation by cash or loan availment with the coop payable upon employment.

Benefits
While the Nominee is in college, the member must ensure his/her loan account is current. (All interest due is paid.)

Condition
Total accumulated savings with interest shall be off settled after college graduation. The difference after offsetting shall constitute the remaining unpaid balance.

Php 2,500.00/mo.

CESPP Type Deposit
The nominee can avail the benefit of studying college and pay the total cost of education including financing cost only after graduation by cash or loan availment with the coop payable upon employment.

Benefits
While the Nominee is in college, the member must ensure his/her loan account is current. (All interest dues is paid)

Condition
Total accumulated savings with interest shall be offset after college graduation. The difference after offsetting shall constitute the remaining unpaid balance.

Types of Savings Deposit
REGULAR SAVINGS
DEPOSIT
  • Savings Account opened by an eligible regular member
  • All regular members may avail of this service in any amount
  • Maintaining balance of P800 will earn one (1) percent interest rate per annum
  • Tax-free
DEPOSIT FOR FUTURE
SUBSCRIPTION
  • Under the account of Play To Save Program
  • Similar to Share Capital/Fixed Deposit, this cannot be withdrawn any time soon
  • It is considered as trust fund for members Yearly Renewal Fee
  • IT IS A SELF-HELP SCHEME.
KIDDIE SAVINGS
DEPOSIT
  • Savings Account opened by an eligible regular member
  • Can be a single or joint account
  • Must pay a joining of P20 maintaining balance of P300
  • Will earn one (1) percent interest per annum
  • Tax-free
SPECIAL SAVINGS
DEPOSIT
  • A Savings Account for non-regular member or no share capital
  • 18 years old and above which may be a single or joint account
  • Must pay a joining fee of P20
  • Maintaining balance of P800
  • Will earn one (1) percent interest per annum
  • Tax-free
FIXED DEPOSIT/SHARE
CAPITAL
  • 1 share is equivalent of P500
  • All regular memebers are required to increase share capital atleast P100 every month
  • CANNOT BE WITHDRAWN UNLESS THE MEMBER RETRACTS MEMBERSHIP
SAVED DEPOSIT
  • This type of deposit is offered to all individual members to be used for future events or venture
  • Will earn two (2) percent interest per annum
  • Tax-free
For Inquiries

We develop programs and services that are mutually beneficial to every member in times of need. To inquire about the above-mentioned programs, please call us:

Telephone: 032-268-4146 | 032-418-9288
Mobile: 0915-486-2084 | 0963-692-6761
0926-155-8202 | 0968-531-5215

Be a Member Now

In Cebu People’s Coop, we develop programs and services that are mutually beneficial to every member in time of needs and crisis.

Be a Member Now