Republic Acts1 min read
Section 111March 10, 1990, Sec./Art. 111
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Definition and Objectives. - A credit cooperative is a financial organization owned and operated by its members with the following objective:
(1) To encourage savings among its members;
(2) To create a pool of such savings for which loans for productive or provident purposes may be granted to its members; and
(3) To provide related services to enable its members to maximize the benefit from such loans.
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