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Savings |
Four types of savings product provided to member organizations:
- Compulsory savings: To become members of CCSF, they are required to open compulsory saving account. It is fixed term deposit. Minimum amount requirement to open this account is 50,000 Riels, which need to be deposited monthly. This saving product subjects to withdrawal only when resignation of membership occurs.
- Voluntary savings: The voluntary saving account subjects to withdrawal at any time as per member’s preference. Minimum amount requirement to open this account is 50,000 Riels. Members are welcome to deposit as much as possible.
- Demand Deposits: The demand saving product is to enhance liquidity management of the member organizations. This saving product subjects to withdrawal at any time as per member’s demands. Minimum amount requirement to open this account is 100,000 Riels. Members are encouraged to deposit as much as possible.
- Promissory note: It is a fixed term deposit product. Three types of promissory notes are available for members: 3 months, 6 months, and 12 months. Minimum amount requirement is 500,000 Riels This saving product can be withdrawn or redeemed at its maturity date.
Competitive interest rate of saving products is provided to member organizations. |
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Share Capital |
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To become regular members, who are voting members, they are required to invest at least one share capital. Members are able to invest more shares, however, total share value of each member should not exceed 20% of total share value. |
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Loans |
Three types of loans are available for member organizations:
- Productive loan: member organizations can use productive loan for retail sale to individual members for any income generation purpose. Those activities may include: trade, service, small scale production, and agricultural activities. |
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- Institutional loan: Member organizations can use this loan for construction of office of CBMIFOs, purchase office equipment, such as file cabinets, motorbikes, etc.. |
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- Liquidity loan: Member organizations can use this type of loan for financial stabilization when they may face liquidity shortage |
Loans are provided at a reasonable interest rate |
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| Loan Protection and Life Saving Program |
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The LPLS program can be considered as a risk management program, aiming at releasing burden of the death family members, when death occurs, while simultaneously minimizing financial risks of the member organizations and CCSF itself. The program will eliminate debt heritage of the next generations of the members, under a slogan “debt die upon member die”. The LPLS program is a member benefit package provided to those, who are the members of CCSF member’s networks.
Paying premium of LPLS program is the responsibility of the member organizations. |
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