About Philippine Army Finance Center producers Integrated Cooperative
PAFCPIC: Empowering the Philippine Army through Financial Services
PAFCPIC, or the Philippine Army Finance Center Producers Integrated Cooperative, is a multi-awarded cooperative in the Philippines that offers financial services to its members. Established in 1972, PAFCPIC has been providing loans and deposits to its members for almost five decades now. With over 30,000 members and counting, PAFCPIC has become one of the most trusted cooperatives in the country.
The cooperative's main objective is to provide financial assistance to its members who are mostly soldiers and their families. PAFCPIC believes that by empowering these individuals financially, they can improve their quality of life and contribute more effectively to society.
PAFCPIC's loan products include salary loans, emergency loans, educational loans, housing loans, and livelihood loans. These loan products have flexible payment terms with low-interest rates that are affordable for its members. The cooperative also offers deposit products such as savings accounts and time deposits with competitive interest rates.
Aside from financial services, PAFCPIC also provides other benefits to its members such as scholarships for their children's education and medical assistance during emergencies. The cooperative also conducts various training programs on entrepreneurship and financial management to help its members become financially literate.
PAFCPIC has received numerous awards throughout the years for its outstanding performance in providing financial services to its members. In 2019 alone, it was recognized as one of the Top Ten Best Managed Cooperatives by CDA (Cooperative Development Authority) Region IV-A CALABARZON.
One of PAFCPIC's notable achievements is being able to maintain a high credit rating despite economic challenges faced by many cooperatives in recent years. This achievement reflects how well-managed PAFCPIC is as an organization.
In conclusion,
PAFPIC stands out among other cooperatives because it caters specifically to soldiers' needs while maintaining excellent service quality standards at all times. Its commitment towards empowering individuals through financial assistance makes it an essential part of society today - especially given how challenging times can be without proper support systems like this one!