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September 24, 2016

Our loan products are made by the Mavenco readily available for the members at an affordable rate. We outline that our loan products are one of the privileges that our members can take benefit from. Thus, we practice a capacity base lending principle where all loan applications are fairly subject to Credit Investigation and Background Investigation. All loan applications will be approved based on the Matrix of Loan Approving Authorities.

WHAT ARE THE BASIS IN EVALUATING LOANS? All Loans are will be evaluated based on the 5 CS of Credit Such as;

  • Character                     Capacity                             Conditions                              Capital                               Collateral


We have three classification of loans in relation to interest rates and these are;

CLEAN LOANS- These are loans that have collateral's or investments (Savings account or Time deposits) which has a value of below 50% of the loan amount. This is subject to 31% interest rate if it is an office payment and 32% interest rate if the member would prefer field collection.

PARTIALLY SECURE LOANS- These are loans that have collateral's or investments (Savings account or Time Deposits) which has a value of 50% and above but not reaching 100% equivalence to the loan amount. This classification of loan is subject to 30% interest rate if the member would prefer office payment and 31% if the member would prefer field collection.

FULLY SECURED LOANS – These are loans which have collateral's or investments (Savings account or Time Deposits) that is equal to or above the value of the total amount of the loan.  This is subject to 29% if the member agrees to do office payments and 30% if the member would agree to have field collection.

  Office Payment Field Collection
Clean Loan                              31%                                    32%                                           
Partially Secured Loans  30%  31%
Fully Secured Loans           29%  30%


For loans paid in lump sum, the interest rate will be 24% per annum. A pre-termination fee of 25% will be applied because of the interest that should have been earned by the cooperative if the loan is paid in full before its maturity date.

PROVIDENT LOANS - The provident loan products would address the personal needs of the members and this includes the following;

Car Loan | Motorcycle Loan                    Educational Loan                                 Petty Cash | Quick Loan                               
Emergency Loan | Hospitalization    Appliance Loan  Salary Loan
Job Placement |OFW Loan  Minor House Repair  Other Loans | Personal Consumption

PRODUCTIVE LOANS - Aside from personal loans, Mavenco also provide financial assistance to entrepreneurs or to our members that intends to start a business through our Business Loan products. Similar to our provident loans we offer competitive interest rates that will enable our members and lenders to grow financially and help ensure the financial viability of their business. Our basic definition of Business loans are loans that will generate profit or financial productivity such as;
Working Capital                  Fixed Asset Acquisition  Micro-finance                       

REAL ESTATE LOANS - Housing or Real estates is one of the identified basic commodity of any individual. Thus, we also provide a loan product that would address this necessity. In connection to this we offer the following
Purchase of House & Lot               Construction of House               Major House Repair                          

AGRICULTURAL LOANS - One of our productive loans that sought to help the development of the agricultural sector of the community as well as provide rewarding livelihood program for the members is our Swine Financing Program. Our Swine Financing is currently engage in hog fattening. The program will provide the following; 

2.Supply quality feeds, vaccines, & vitamins
3.Technical support
4.Marketing support

This program has its own memorandum of agreement that will be explained and agreed upon by Mavenco and the member who is interested to engage in the said productive loan. Furthermore, Swine Financing program is a partnership of the member and Mavenco where we provide the technical, financial and marketing support but the member is fully responsible of the credit line consumed by their Swine Financing Program account.

The advantages of using the loan products of Mandaue City Public Market Vendor’s Multi-Purpose cooperative are the following

  • Low interested rate compared to other financing program/ institution.
  • In taking advantage of the loan, the member would earn patronage refund as a reward of patronizing the products and services of the cooperative. The more you take advantage of our affordable loan products the bigger the patronage refund you will get annually.
  • We understand that the cooperative will earn income through interest. Since, Mavenco is a social enterprise instead of being a profit oriented organization, a big portion of the annual income of the institution will return to the members as dividends.

Mandaue City Public Market Vendor Multi-Purpose operates to give members an advantage in life




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