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MAVENCO COOPERATIVE

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Bussiness Profile

Mavenco is one of the leading Multi-Purpose Cooperative in Mandaue City with diversified programs and services including; thrift savings, competitive loan products and time deposits, Swine Financing program, Mav Care, Microfinance, Aflatoun savings and Insurance products.

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Savings Deposits


Mandaue City Public Market Vendors Multi-Purpose Cooperative also wanted to educate the members about thrift savings. Thus Mavenco offers a saving products with high interest rates.



REGULAR SAVINGS DEPOSITS

Initial Deposit P1,000 P100
Maintaining Balance P1,000 P1,000
Interest Rate 4% P.A 4% P.A




 

  • Open to all Regular and Associate member
  • Open an account for at least P100 for associate member with free passbook
  • Open an account for at least P1,000 for regular member with free passbook and will qualify to earned interest
  • Bears with competitive interest rate of 4% per annum
  • Interest earned is tax free
SPECIAL SAVINGS DEPOSITS
 
 
Initial Deposit P2,000
Minimum Monthly Deposit P500
1 Year 7%   Per Annum
2 Years 10% Per Annum
3 Years 12% Per Annum
 
  • Open to all Regular and Associate member
  • Interest can be withdrawn yearly/automatically deposited to regular savings deposit
  • If withdrawn before its maturity, interest rate computation will be the regular savings deposit rate
  • Open an account for at least P2,000 with free  passbook and will qualify to earn interest
  • Minimum deposit of P500 every month
  • Bears with competitive interest rate
  • Interest earned is tax free

MAVENCO Member's Testimony

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