PALUWAGAN GUIDELINES AND IMPLEMENTING RULES. CONTIRBUTION / SHARES There is a fixed amount of contribution from each member.

Contribution should be done every payday. The amount of contributions of each member is to be determined by themselves. Members should have the initiative to pay to the designated treasurer without the need of demand. LOAN PRIVELAGE AND GUIDELINES - Each member has a Maximum Loanable Amount (MLA) for the year amounting to P_________. A member may avail of a loan by accomplishing a promissory note. The promissory must indicate the amount to be loaned and must be duly signed for approval (preferably by at least 2 members not including the assigned treasurer). After completing the form, it will be forwarded to the designated treasurer for checking the availability of funds. It is imperative that anyone who will be availing of a loan should advise the treasurer at least 5 days before the actual need so as to set aside the funds and to ensure that there are signatories around. Loan interest rate will be ____% per month; interest should be computed based on the outstanding loan amount. Members can avail of as many loans as he/she needs provided it will not go over the MLA and that he has no skip payments with his/her existing loans. Loans not paid after a month of due date will be charged penalties of ___% per month based on outstanding balance of the loan availed. All loans and contributions should be paid on the last payday for the month of November.

DISTRIBUTION OF SHARE CONTRIBUTIONS AND INTEREST Contributions will be distributed back to each member on any day of the 1st week of the month December. The interest earned by the groups money will also be distributed to all the members on a prorata basis. Members name and Signature: Date

Designated Treasurer: