How to be a Member?

05AprApril 5, 2021

By System Administrator FAQ's 0 Comments

3 Easy steps to become a member of the Abrasa MPC?

Attend the Pre-Membership Education Seminar
Pay the membership fee of Php100.00
Pay an initial share capital of Php1,000.00 to become a regular member

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The cooperative was formerly known as Quirino Electric Cooperative (QUIRELCO) Employees Association organized in 1982 by its thirty-five (35) employees. The members pooled their resources by way of deducting Php20.00 every pay day until such time that Php100.00 is accumulated. The idea was brought up to address their common problem of where to run to when there is a need for money that forced them to take personal cash advances and dependency of employees on credits offered by pitiless businessman who took advantage of imposing high interest. Out of the accrued collections, an employee can borrow five hundred pesos (Php500.00) on a scheduled basis, which was determined initially through a draw lot. A minimal interest was imposed payable according to the capacity of the employee.

How to be a Member?

How to be a Member?

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