Savings and Credit
Check our requirements and start partnering with the cooperative.
Types Of Savings
Maintaining Balance to Earn Interest – P 500.00
Interest Rate – 3% per annum based on ADB computed and compounded quarterly
Benefits – Insurance and other hosts of protection. Auto debit/credit convenience.
Maintaining Balance to Earn Interest – P 500.00
Interest Rate – 3% per annum based on ADB computed and compounded quarterly
Benefits – Education-related savings and non-financial subsidies.
Initial Deposit – P 50,000.00
Maintaining Balance to Earn Interest – Based on the quoted interest
Interest Rate – Tiered (5% – 7%) based on amount, term and prevailing market rates
Benefits –Higher than the average yield on deposits for funds allocated for special purposes.
TIME DEPOSIT RATE
FROM | To | MONTHLY | QUARTERLY | SEMI-ANNUAL | ANNUAL |
50,000.00 | 500,999.00 | 5% | 5% | 6% | 6% |
501,000.00 | 999,999.00 | 6.50% | 6.50% | 7% | 7% |
1,000.000.00 | above 1,000,000.00 (-1) | 8% | 8% |
Loan Products
2. SMILE – Small and Medium Investment Loan for Entrepreneurs – for graduating micros, Small and Medium Entrepreneurs (SMEs) with a more stable business.
3. OLALA – OWWA Loan Assistance for Livelihood Augmentation – specifically for Overseas Filipino Workers (OFWs) livelihood business opportunities of the family.
2. BOLA – Barangay Official Loan Assistance – specifically for barangay officials within Biliran Island and is willing to enter into a contract via Memorandum of Agreement (MOA) with the concerned barangay.
3. PAL – Pensioner’s Assistance Loan – a loan designed for Pensioners for any providential purposes.
4. SAIL – Seafarer’s Assistance Investment Loan – a loan product for active seafarers who has a budget gap for the investment in education such as training, review, examination, and processing of work documents or renewal.
5. ALARM – Assistance Loan for Active Regular Members – a loan designed to newly-regular members of ASEMCO for any productive or providential purpose that is less than P 150,000.00.
6. RELAX – Refined Living Afforded to excellent members – a loan designed for seasoned regular members that already established a good track record in availing loan cycles with the purpose of providential and productive.
7. LAMAS – Loan Assistance for Members in Associate Status – a loan designed for associate members for any providential purposes.
Our Offices
Main Branch
Address: Del Bano Street, Poblacion, Almeria, Biliran
Mobile: 0917-529-3473
Office Hours: Monday- Friday
8:00 AM – 5:00 PM
Naval Branch
Address: F Rosario Dormitory, Vicentillo Street, Naval, Biliran
Mobile: 0975-642-6966
Office Hours: Monday- Friday
8:00 AM – 5:00 PM