is a Primary Credit Cooperative duly registered under the guidelines of Republic Act (R.A.)
9520, an Act known as the Philippine Cooperative Code of 2008 (hereinafter called the Code).
MCCC is a primary cooperative whose objective is to extend financing to its members via a pre – approved loan amount equivalent to a certain percentage of the capital contribution and deposit of each member
MCCC serves as a central source of credit, economic, fintech, information, communications, transportation, payment, scientific, educational, medical, industrial management, financial engineering, warehouse and online store solutions to members engaged in Micro, Small and Medium sized Enterprises (MSMEs), free of charge. MCCC members may avail of its 3 to 5 Year-Time Deposit with good returns and good future earnings
1. Regular Members
a. Regular members are Filipino nationals worldwide who are members of Marian Family Cenacles of Prayer
2. Associate Members a. Associate members are friends and families of Marian Family Cenacles of Prayer Inc. (MFCP)
The earnings of the members are exempt from the 20% Withholding Tax. Purchases of individual members from merchant members are exempt from 12% Value Added Tax upon onboarding of the former Members enjoy Patronage Refund. The Net Surplus is allocated by the Cooperatives to finance the free medical services and education of the members and their dependents.
In partnership with the Caraga Peoples Agriculture Cooperative (CPAC), we will be launching MAGNIFICAT, a local development program aimed at improving the lives of our fellow Filipinos, one community at a time More information to follow soon!