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Frequently asked questions
Does SOEMCO offer livelihood training or programs?
Yes
Can I earn interest on my savings with SOEMCO?
Yes
How long will the processing take?
2 to 3 days
Requirements for membership/ loans?
Membership:
*Membership Application Form & Sigcard
*2 pcs. ID Picture 1x1
*Copies of at least 2 valid ID's with 3 Signatures
*Photocopy of Birth or Marriage Certificate
Loan:
*Loan Application Form
*Photocopy of CEDULA
*Copies of at least 2 valid ID's with 3 Signatures (Maker)
*Photocopy of at least 1 valid ID with 3 Signatures (Co-Maker)
Who can join?
Anyone qualified can become a member and a Filipino citizen only.
What loans are available?
Personal, business, emergency, Agricultural, and special loans.
How much can I borrow?
Depends on your savings, share capital, and capacity to pay.
Are loan interest rates high?
No. Rates are fair, member-friendly, and lower than most private lenders.
How do I apply?
Visit our office, submit requirements, and fill out a form.
Why choose our cooperative?
Safe. Trusted. Member-owned. Community-centered.