Secured Access for Free Enterprise (SAFE) Cooperative is an association of persons with a common bond of interest who have voluntarily joined together to achieve a lawful common social or economic goal, making equitable contributions to the required capital and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principles.

SAFE cooperatives are a type of cooperative that fulfill a community need. They enable consumers to meet their own needs, gain bargaining leverage, and divide profits. They are organized to give members greater control over the offered services.

Average interest rate of % per month

How to become a Member?

Step 1: Orientation/ Seminar

 

  • Attendance on 3-hour SAFECooperative Membership Seminar is a must. 

                   Informative discussions are very vital for membership and knowing the aspects of how 

                   the coop is managed.

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Step 2: Application & Background Check

 

  • Submit the SAFECooperative Membership Form for profiling.

 

Step 3: Requirement for Approval

 

  • Submit the following related documents:
  1. Certificate of Employment
  2. Other source of income.
  3. Photocopy of two (2) Philippine Government issued ID’s or National ID.
  4. Pay the Membership Fee.

Step 4: Approval & Deposit

 

  • A text message or an email will be received to confirm of SAFECooperative Membership approval. Instruction to send the copy of Member’s Share Capital 

        and Savings Account deposit slip is required to activate the membership. 

Any SAFECooperative member in good standing is eligible to be approved in Loan.

Guaranteed first loan of_

The length of time required to obtain a SAFE Coop loan typically depends on the type of loan requested. Depending on the amount and type of loan, the minimum approval time for a loan is typically between 48 business hours and two weeks.

Lenders charge an application fee when a borrower applies for a loan. It’s a way for lenders to increase transaction profitability and cover processing expenses.

The cost of borrowing money is interest. It begins to accrue or accumulate upon loan disbursements or credit issuance.

Loan Limitations refers to the aggregate, type, and individual sublimits as well as other restrictions pertaining to Loans.