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PROMISSORY NOTE

 
 

I,

,

days after date, for value received, promise to pay 4HG Multipurpose Cooperative (MPC) the sum of

 

Pesos

(P

)

in

months

from the date hereof.

 

I hereby authorize

 

to deduct

 

Pesos

(P

)

from my monthly salary every payroll to beg in on

 
 

,

20

and until the loan is fully paid.

 

I hereby agree that should I resign or be terminated from my employment with

 

,

the outstanding balance of my loan s hall be paid through: (1)

deduction from share capital; (2) value of collateral (if any); (3) by my co-maker; (4) last claim.

 

In case my co-maker resigns, I will be resposible to find another co-maker within 24 hours after he/she tendered his/her resignation, otherwise, my

outstanding loan balance is due and demandable.

 
 

Signature over printed name / date

 

BORROWER'S ADDITIONAL INFORMATION

 
 

Email Address

 

Personal Tel. No. / Mobile No.

 

Present Address

     

Permanent Address

 
 

CO-MAKERS OATH

 

I,

a regular member of 4HG Multipurpose Cooperative voluntarily and without any hesitation nor constraints

,

and guarantee the loan he/she is availing.

, whatsoever, agree to be the co-maker of the borrower,

In case the borrower resigns from the cooperative and he/she has not processed his/her last claims, I shall pay the borrower’s outstanding obligation after deducting his/her share capital once he/she fails to pay his/her financial obligation from the cooperative when all collection efforts has failed.

With this, I hereby authorize

 

to deduct

Pesos

(P

)

from my monthly salary every pay roll to begin on

 

,

20

and until the outstanding loan of the resigned borrower is fully paid.

 

Furthermore, I hereby permit the Coop to withhold the release of my share capital contribution until such time the principal borrower has found my

replacement as co-maker. Upon my resignation, i hereby authorize and last claims.

 

and

to offset the borrower's outstanding obligation from my share capital contribution

 

Co-maker Signature over printed name / date

 

CO-MAKER'S ADDITIONAL INFORMATION

 
 

Email Address

 

Personal Tel. No.

 

Present Address

     

Permanent Address

 
   

/

Mobile No.

   
 

CO-MAKERS OATH

 

I,

a regular member of 4HG Multipurpose Cooperative voluntarily and without any hesitation nor constraints

,

and guarantee the loan he/she is availing.

, whatsoever, agree to be the co-maker of the borrower,

In case the borrower resigns from the cooperative and he/she has not processed his/her last claims, I shall pay the borrower’s outstanding obligation after deducting his/her share capital once he/she fails to pay his/her financial obligation from the cooperative when all collection efforts has failed.

With this, I hereby authorize

 

to deduct

Pesos

(P

)

from my monthly salary every payroll to begin on

,

20

and until the outstanding loan of the resigned borrower is fully paid.

 

Furthermore, I hereby permit the Coop to withhold the release of my share capital contribution until such time the principal borrower has found my

replacement as co-maker. Upon my resignation, i hereby authorize last claims.

 

and

to offset the borrower's outstanding obligation from my share capital contribution and

 

Co-maker Signature over printed name / date

 

CO-MAKER'S ADDITIONAL INFORMATION

 
 

Email Address

 

Personal Tel. No.

 

Present Address

     

Permanent Address

 
 

/

Mobile No.

   
         
         
 

CREDITLIMITMATRIX

 
       

SHARE CAPITAL

 

TYPE

SALARY RANGE

 

2,500.00

5,000.00

10,000.00

15,000.00

20,000.00

25,000.00

30,000.00

35,000.00

 

40,000.00

45,000.00

50,000.00

55,000.00

60,000.00

 

A 70,001 - 100,000

CREDIT LIMIT

87,500.00

90,500.00

96,000.00

101,500.00

107,000.00

112,500.00

118,000.00

123,500.00

 

129,000.00

134,500.00

140,000.00

145,500.00

151,000.00

B 55,001 - 70,000

65,000.00

68,000.00

73,500.00

79,000.00

84,500.00

90,000.00

95,500.00

101,000.00

 

106,500.00

112,000.00

117,500.00

123,000.00

128,500.00

C 40,001 - 55,000

50,000.00

53,000.00

58,500.00

64,000.00

69,500.00

75,000.00

80,500.00

86,000.00

 

91,500.00

97,000.00

102,500.00

108,000.00

113,500.00

D 25,001 - 40,000

35,000.00

38,000.00

43,500.00

49,000.00

54,500.00

60,000.00

65,500.00

71,000.00

 

76,500.00

82,000.00

87,500.00

93,000.00

98,500.00

E 10,001 - 25,000

20,000.00

23,000.00

28,500.00

34,000.00

39,500.00

45,000.00

50,500.00

56,000.00

 

61,500.00

67,000.00

72,500.00

78,000.00

83,500.00

F 10,000 below

 

10,000.00

13,000.00

18,500.00

24,000.00

29,500.00

35,000.00

40,500.00

46,000.00

 

51,500.00

57,000.00

62,500.00

68,000.00

73,500.00