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REGULAR

SAVINGS SYSTEM

IT-3B
(MWF 10:15-11:15)??

MRS. NAMEE???

MEMBERS:

Michael Akiatan

Mary AnDaque

Lourdes Gomez

Prince Mae Misperos

Crissan Jay Redublado


I. BACKGROUND OF THE BUSINESS ENTITY

PAGLAUM

A multi-purpose cooperative that has 13 branches in the Philippines. The original building was
located at Southern Looc, Plaridel Misamis occidental.It was founded by the beneficiares,parents and staff
of the PAGLAUM COMMUNITY DEVELOPMENT FOUNDATION to address economic and
livelihood activities forsustainability. Theorganizatuion operates in the Northwestern provinces of
Mindanao and Visayas. In the local vernacular, "paglaum" means "hope". The goal is to build sel-reliance
and expand oppurtunity so the poorest of the poor can help themselves.

PMPC offers microfinances services throughout the communities it serves, with special attention
paid to borrowers with disabilities and other vulnerable groups. It also offers entreprenurial training to
help members get their business off the ground.

PMPC joins Career GuidanceProgramin line with the Department of Education's (DepEd) goal of
the K to 12 Basic Education Program to produce graduates who are ready for higher education, middle
level skills development, employment and entrepreneurship, Paglaum Multi-Purpose Cooperative
collaborates with Looc National High School during the Launching of Career Guidance Program.

PMPC offers variety of products and services to individuals(pertaining tothose members who cant
attend regular meetings because of their job) and to CUMI (pertaining to groups) :

INSURANCE PRODUCTNSURNCE PROSAVINGS PRODUCT


ALLIED SERVICES ALLIED SERED SRURAL BANK OF PLARIDEL
II. SCOPE AND LIMITATION

In our group, we choose to study the REGULAR SAVINGS SYSTEM of PMPC, TUDELA
BRANCH. This system is imposed to cater people who would like to set aside their extra money from
their income. Technically, regular savings means to deposit at least P100.00 only. As it reaches to P500.00
then the annual interest of 3% is now computed to add on to your balance. Since this is regular savings,
depositors can withdraw their money any time they want to but it should have at least P100.00 remaining
balance for further transactions. It may accept checks as long as valid and not bouncing checks as a form
of deposit but for the new depositor it must be in a form of cash.
Addition to that, we are only concerned about the typical transaction in PMPC, TUDELA BRANCH
in their savings product and it does not covers withdrawal transactions.

III. SUMMARY OF BUSINESS ACTIVITIES

1. The AO or Account Officer will visit different places in rural areas and recruit possible
depositors to save money from their extra income. If AO officer has prospective depositor, he
will just tell then the teller.

2. When prospective depositor comes in and will directly go to the teller ask for a savings slip,
a new account is created in the depositor master file.

3. Deposit slip is given for the depositor to fill up and gave it back to the teller together with
the money.

4. The teller will automatically send the money together with the deposit slip and passbook to
cashier and check if it corresponds with the amount written.

5. Cashier will send back the passbook back to the teller.

6. Verified passbook from the teller will be givenback to the depositor.

7. Responsibility of the cashier now is to deposit the money to the Misamis Bank.

EXTERNAL ENTITIES:

1. AO or Account Officer
2. Depositor
3. Misamis Bank

INTERNAL ENTITIES:

1. Teller
2. Cashier

FILE STORAGE:

1. Depositor Master File


2. Deposit Slip Master File