- Know your group’s mission-vision or goal.
- Commitment is your membership fee not unless group has amended a different setup.
- Keep track of your contributions manually in order to tally with the ledger maintained by your committee.
- You should be able to ask what the cash position is. A cash position is a report that shows total cash collection from membership funds, contributions, and loan remittances less release of new loan or Cash On Hand at a specific point in time for example the cash position for 12/13/2013.
- Since the borrowers are also the members, you should also know the chronology of members who have applied for a loan and when they were released and how many members are lined up.
- An impukan must be as transparent as possible since it is every member’s money that is being used.
- A healthy impukan group is a group that regularly calls for a meeting to discuss cash position, profit earnings, problem status if applicable. Every one’s voice must be given equal importance as the next member and the committee must be able to address every members concern in a timely manner or be put to a vote.
This blogsite had been created for a proposed cooperative lending for its founding members as reference material.
Tuesday, December 10, 2013
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