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Loan Products

13Aug 2016

Providential Loans

Are you short for your kid’s tuition fees? Do you need a car? A new refrigerator perhaps to replace the damaged one? Are your utility bills due for payment and you are short of cash?
Cordova Multipurpose Cooperative

13Aug 2016

Productive Loans

Do you need ADDITIONAL CAPITAL for your business? Visit YOUR COOP today?
Cordova Multipurpose Cooperative

13Aug 2016

Back to Back Loan

  • Deed of Assignment Form signed by the borrower
  • Deposits (savings/time) cannot be withdrawn and will be put on “hold” until full payment of the loan
  • Not subject to share capital ratio requirement
  • No co-maker necessary
  • Maximum of 100% loanable amount if interest is collected in advance up to due date or monthly interest collection
  • 80% loanable amount if interest is to be collected upon due date/end of term
  • Flexible term: Max. of 12 months
  • Mode of Payment:  Monthly
  • Interest Rate (Diminishing Method)