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Loan Facility

IMPORTANT GUIDELINES AND REQUIREMENTS

Make sure that the application form is properly filled out. Only properly filled-up forms shall be processed.
For Seafarer - Borrower, submit the following:
- Photocopy of Valid ID of Co-Maker.
- Photocopy of first (2) pages of Borrower's passport
- If Married, Submit a Marriage contract
For Employee - Borrower, submit the following:
- Photocopy of both sides of a valid identification card
- Signed Authority to Deduct from HR
For ISNTC Employees, an Endorsement letter signed by the President
For Hartmann Officers, submit Post-dated checks
For LYDIAMAR, submit a Certified true copy of the following:
- Passport
- Medical Certificate
- Contract
- Recommendation Letter
If the borrower is an Affiliate, submit the following:
- Photocopy of valid ID
- Post-dated checks

Termination of Membership

Any member who withdraws, terminates, or resigns his membership from the Coop implies that he ceases to be interested in the business of the Coop. Termination of membership can be effected through the following procedure:

1. Fill out the Membership Termination Form and submit it to Maritime Multi-Purpose Cooperative, together with a photocopy of the valid ID and the original stock certificate issued to the member.

2. On behalf of the Board of Directors, the General Manager approves the resignation after the member has settled all outstanding obligations to the Cooperative.

3. As a standard procedure, the Coop processes the termination request upon full payment of loan/s and receipt of in-transit remittances from the Companies for loan payments and share capital. Hence, turn-around time may extend from 1 to 4 weeks.

4. Resigned members who continue to be employees of HCP, LMM, ISNTC may re-apply six months after his/her resignation. No re-application is allowed for any member who resigns for a second time.

Apply for Termination

Who can become a Member?

Membership in the Maritime Multi-Purpose Cooperative is a privilege extended to the following:

1. A permanent employee of HCP, ISNTC, and LMM, related businesses, other businesses, or institutions providing services to HCP and its stakeholders.

2. Immediate family members of employees of HCP and any of its related businesses or institutions providing services to HCP and deemed stakeholders in the manning and crewing industry.

3. Seafarers contracted by HCP and LMM and their immediate family who have completed successive contracts with a total of 16 months of sea service, are in good standing, and eligible for re-employment by principals of ASM.

HOW TO BECOME A MEMBER

Employees of the Maritime Multi-Purpose Cooperative can apply for membership through the following procedure:

1. Attend a Pre-Membership Education Seminar given by an accredited Trainer of the Cooperative.

2. Fill out a Membership Application Form

3. The Coop activates the membership

4. Pay the one-time membership fee of ONE HUNDRED FIFTY PESOS (P100.00)

5. He or she becomes a regular member upon full payment of at least 500 shares (at P100 per share).

Apply as a New Member

Interest-on-Share Capital & Patronage Refund Request

We're thrilled to announce a new feature that enables our members to conveniently request your Interest-on-Share Capital (IOC) and Patronage Refund (PatRef) directly through our platform.

How it works:

1. All MMPC members are eligible to request their IOC and PatRef.

2. Seamlessly manage your requests at your convenience with just a few clicks.

This is another step forward in our commitment to enhance your experience and ensure that you get the most out of your membership.

Apply for IOC & PatRef