When I started working at home, some of the disadvantages that I have found are having less benefits like health benefits and applying for bank loans and credit cards are hard to be approved. It is been four years now when I started working at home and I am so happy that I was able to cope with these problems with the help of being a member of a credit cooperative.
My aunt introduce the credit cooperative that it would be a great help for me since I just started a small business that time. She is so right. I was able to balance my financial accounts with the help of a credit cooperative. Before it was only a credit cooperative but now it grew and progress with good asset standing. It became a development cooperative which is the “Birhen ng Lourdes Parish Development Cooperative“.
From an investment share capital of Php2,000 four years ago now my share capital is bigger that had helped my family bought a second hand car and help my small business before. When I also gave birth via CS, I was able to take a bigger loan amount. Every time I needed a quick money big or small I can depend on this cooperative. The processing time of the loan application would only take two to three days compared to the one week or a month loan processing application with banks. I was a member of this cooperative when I am single and now that I have a family it even helped me with my financial needs.
It is a good investment for everyone especially for moms that usually needs cash for their family. I would highly suggest that one should invest in a cooperative but please make sure of the standing of the cooperative. You should know the asset of the cooperative, the members and administrators, policies and most importantly learn from the active members.
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