Women Development Association Cooperative Credit and provide limited liability / Jericho

 

Membership:-

The membership in the associations is optional, Any person who has the ability and will can berefit from the services provided by the association without any political or religious distinction,  according to number of conditions:-

1)  Filling an application form.

2)  The ages of 18 and above are accepted.

3)  Having a good reputation morally and financially.

4)  The member shouldn’t be in any other association.

5)  Paying membership renewal fees yearly (5 JD).

6)  Paying enter fees.

 

Entrance procedures

1)  Visiting the association or the treasurer.

2)  Faking the application form.

3)  Filling the marital status application.

4)  ID copy.

5)  Paying (10 JD) as entrance fee and another (10 JD) for shares.

 

 

 

Loan terms

1)  Being a member for at least 6 months.

2)  Prioritizing in giving loans.

3)  Having (300 JD) in shares.

4)  Fill in the loan application and deliver it to treasurer in the location.

5)  Committing to pay (120 JD), ether by monthly payments (10 JD) or any other way.

6)  The maximum limit for solo loans is (1500 JD).

7)  The loan is scheduled on a maximum of (20 months).

8)  The member should first pay membership renewal fees.

9)  Guarantees

1)  Internal guarantee: when the member has a balance equivalent to the loan value.

2)  External guarantee: the member should choose a guarantor with number of checks as much as the monthly payments the guarantor.

 

Deployment sites

Currently three sites / village, namely:

1.The city of Jericho    2.duock      3. Jeftlek

 

Women Development Cooperative Association for Saving & Credit in Jericho

Headquarters Jericho - Abu Zina

 

Mobile: 0598772034  -  Telefax:   2322547 02

 

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