Initial Share Capital
₱2,000.00
The main source of funds of the Coop comes from members’ share capital contributions. As mandated by RA 9520 or the Philippine Cooperative Code of 2008, no member shall own or hold more than ten (10) percent of the total share capital of the Cooperative.
Minimum: The minimum share capital subscription per member shall be Twenty (20) shares with a total value of Two Thousand Pesos (P2,000.00).
Maximum: The maximum share capital subscription per member shall be Eighty (80) shares with a total value of Eight Thousand Pesos (P8,000.00).
One share has a par value of Php 100.00.
- Every member is required to subscribe to at least Twenty (20) shares with a total value of Php 2,000.00 in order to become a bona-fide member.
- At any time, members have the right to request for a print out of their paid-up share capital ledger or request for a certification of share capital balance.
- Partial withdrawal of share capital contribution is not allowed.
