Providers Multipurpose Cooperative (PMPC), formerly known as Providers Savings and Credit Cooperative (PSCC), was established on January 24, 2008 by 24 employees of the Commission on Audit (COA) in Isabela. Starting with a pooled capital of just P12,000, the cooperative gained formal recognition from the Cooperative Development Authority (CDA) in July 2008, with an authorized share capital of P4 million.
In 2015, PMPC evolved into a multipurpose cooperative to offer a wider range of services. With an expanded vision and mission, PMPC continues to grow, now serving over 27,000 members across Luzon.
Member Benefits and Privileges
Some of the benefits enjoyed exclusively by PMPC members include:
- Access to cooperative programs and services
- Earn interest on share capital
- Receive patronage refunds
- Eligible for Damayan assistance benefits
Products and Services Offered by PMPC
Aside from these benefits, PMPC membership is typically required before one can enjoy the products and services offered by the cooperative.
Some of the products and services offered by PMPC include:
1. Lending Services
- Provident Loans: For salary, bonus, pension, honorarium, education, health, travel, and other needs.
- Salary/Consolidated Loan: for government officers and employees except for uniformed personnel.
- Bonus Loan
- Pension Loan: for retired employees
- Honorarium Loan: for Barangay officials and employees.
- Consumers Loan
- Xtreme Appliances
- Cellphone and Gadgets
- Automobiles, Bicycles, and Motorbikes
- Internet Subscription (iProviders)
- Agricultural Loans: For the financing of farming projects or agricultural-related crops
- Rice and Corn Production Loan
- Livestock Production Loan includes animal raising including poultry and/or hog raising, goat raising, and other domesticated/ruminant mammals.
- Cattle, poultry, and/or hog raising;
- Goat raising and other domesticated/ruminant mammals.
- Providers Productivity Loan
- High-value crops production loan
- Commercial Loans: For the financing of establishment and/or expansion of medium-scale enterprises
- Medium-Scale Business Loan
- Trading, Dealership, or Wholesale business
- Grocery supermarket;
- Garment business;
- Franchise of all types of medium-sized food outlets;
- Medium-scale manufacturing businesses such as bag manufacturing, glass, aluminum, steel fabrication, and other related businesses.
- Small-scale Business and Livelihood Loan: To finance the establishment or expansion of small-scale enterprises like:
- Retail Stores,
- Tailoring, and
- Dressmaking.
- Food cart business and other small-scale enterprises: To finance livelihood activities such as:
- Food processing and
- Snack stand,
- Repair shop, Handicrafts, etc.
- Medium-Scale Business Loan
- Real Estate Loan: For lot acquisition, house construction, renovation
- Home Loan
- Acquisition of Lot
- Acquisition of House and Lot
- House Renovation
- House Construction
- Loan for Professionals
- Health Practitioners
- Licensed professionals other than Health Practitioners
- Transport Services Loan
- Brand new motorcycle/tricycle
- Pre-Owned Units
- Car Loan – Brand new
- Car Loan – Pre-owned
2. Deposit Services
- Time Deposit Options
- P50,000 – P499,999
- P500,000 – >P1M
- PMPP Time Deposit
- P1M and above
3. Other PMPC Services
- Providers Food
- Provider Nuts
- Gadgets, Automobiles & Appliances
- Providers Medical Center
- Clinical Services
- Pediatric Services
- Pediatrics
- Cardiology
- Medical Services
- Neurology
- Endocrinology
- Cardiology
- Nephrology
- OB-Gynecology Services
- Surgery Services
- General and Laparoscopic Surgery
- General Orthopedics
- Ortho-spinal and Ortho-oncology
- Urology
- Pediatrics Surgery
- Neuro Surgery
- Ophthalmology
- Ear, Nose, and Throat
- Anesthesia
- Pediatrics Anesthesiology
- Rehab
- Laboratory Services
- Hematology
- Clinical Chemistry
- Immunology & Serology
- Clinical Microscopy
- Radiology Services
- 16 Slice CT Scan
- Digital and Mobile X-Ray
- 3D/4D Ultrasound
- 2D Echo
- Pharmacy Services
- Pharmacy
- iProviders: Internet subscription services.
- Crematory, Funeral & Memorial Services:
- Cremation, funeral, and post-funeral reception packages.
- Providers Memorial Garden: lawn lots, family estates, columbarium.
- Funeral investment plans and community charity funeral services.
How to Become a Member of PMPC
To apply, simply follow these steps:
Step 1. Attend Pre-Membership Education Seminar (PMES)
Step 2. Submit application form and attachments
Step 3. Pay required fees:
- PMPC Membership Fee: P150
- PMBAI Membership Fee: P150
- Basic Life Insurance Plan: P1,725
- Providers Damayan: P460
- Minimum Share Capital: P1,800 or P3,000
Membership Categories
Not all members are the same at PMPC. There are actually different kinds of membership and each one comes with specific rights and corresponding requirements.
1. Regular Membership
- Minimum of 200 common shares (P20,000), with at least 100 shares (P10,000) paid upon approval.
- Rights:
- Voting and decision-making
- Loan and savings access
- Attend trainings and general assemblies
2. Associate Membership
- Subscribe to 18 preferred shares (P1,800), fully paid upon approval.
- Rights:
- Maintain deposit and avail of loans
- Receive updates and newsletters
- Cannot vote or run for office
Classification Parameters
Members’ activity are determined by the following parameters:
- Active Regular Members
- Increase deposit by P1,000/year
- Increase share capital by P1,000/year
- Avail at least one service/year
- Attend one AGAM/year
- Diamond: All criteria met
- Gold: At least 3 out of 4 criteria met
- Active Associate Members:
- Increase deposit by P200/year
- Increase share capital by P500/year
- Avail at least one service/year
Qualifications
Membership can be upgraded upon meeting the following criteria:
Upgrading from Associate to Regular
- Must be active for 2 years
- Paid-up capital of P10,000
- Alternatively, become regular member immediately with P10,000 initial share capital from availed PMPC services
For Regular Membership
- Filipino citizen, legal age (18+), residing in Luzon
- Gainfully employed/self-employed for at least 12 months
- Completed PMES
- Paid at least 100 common shares
- Signed Member’s Oath
- Member in Good Standing (MIGS)
For Board of Directors (5 years)
- Annual increase of P1,000 in share capital and deposit
- Patronage of two services per year
- Attendance in five consecutive AGAMs
For Other Officers (2 years)
- Same requirements but over two years
For Regular Members
- Annual increase of P1,000 in share capital and deposit
- Avail at least one service/year
- Attend AGAM once a year
Membership Monitoring
PMPC also have their membership monitoring system:
- Members listed in Registry Book or e-Koop banker system
- Monthly reports to Board include new members and withdrawals
Termination and Withdrawal Policies
Membership with PMPC is not a one-time thing that lasts forever. It can be terminated or withdrawn.
- Membership may be terminated for:
- Dormant account (1 year)
- Unauthorized share transfer
- Violation of Member’s Oath
- Withdrawal or voluntary termination entails:
- 60-day notice required
- All accounts must be settled
- Refund within 5 days upon approval
Video: Invest in Your Future with PMPC
Not convinced yet? Maybe this potential investment with PMPC is just the thing you need. Watch the video below to learn more.
Contact Information
For inquiries and other concerns, you may:
- Visit: Providers Multipurpose Cooperative, 1AH26 Magsaysay, Naguilian, Isabela
- Call: 0955-506-5148
- Message them on Facebook: https://web.facebook.com/greaterthroughcooperative
- Send an Email: providersmpc2008@gmail.com