QUARTERLY REPORT 2019

COLLECTION DEPARTMENT
YEARLY COMPARATIVE
REPORT FOR 2019
 Percentage Amount
7.70% 11,422,971.79

5.22% 8,809,123.52
DIFF. 2.48% 2,613,848.27
Action Taken
OFFERING
OF
SERVING OF
OPTIONS
Consolidating Locating and 1ST AND 2ND
ON HOW
of pastdue and tracing their DEMAND
TO SETTLE
delinquent location LETTER.
(business and home
THEIR
accounts address). ACCOUNTS
 35 DQ
MEMBERS
63 OFFSETTED FROM
OFFERING OF WRITTING OFF PASTDUE AND DQ AS 2011-2017
CONDONATION 19 DQ OF DECEMBER 2018 TURNED
PROGRAM MEMBERS WITH LOAN INTO MIGS
WITH LOAN BALANCED
BALANCED OF AMOUNTING OF
1,334,018.32 4,015,574.32
 Result on 2.48%
DECREASED

Portfolio at Risk

AT MATURITY
COLLECTION DEPARTMENT
16members 2,245,555.94 32,986.29
PREVENTIVE WAYS
A. by texting or call regarding on Members modes and
due dates, especially on character loan.
B. by sending of notification letter and demand letter

*30 days of mode 1st notification

letter.
*60-90 days of mode 2nd notification letter.
No compliance after receiving 2nd notification letter,
 CURATIVE WAYS:
st
A. Serving of demand letter.
1
* After 15- 20 days no compliance.
nd
B. Serving of 2 demand letter.
IF THE MEMBER STILL FAILED TO COMPLY. WE WILL PROCEED TO
LEGAL MATTERS.

* REPORTING ON BARANGAY.
*ATTY.’S LETTER.
*SMALL CLAIM LAW, IF NECESSARY.

2. EXTENSON OF CONDONATION PROGRAM FROM JULY-

DECEMBER 2019.
3. WRITTING OFF ACCOUNTS 2019.
4. ADDITIONAL COLLECTOR FOR AREA 5, REPLACEMENT OF SIR EJ,
SO HE CAN FOCUS AS ACCOUNT SPECIALIST.

TARGET: TO REDUCE par by MAT BY 4% BY END OF THE YEAR.

TOTAL LOAN AMOUNT:
TOTAL LOAN BALANCE:
TOTAL SHARE CAPITAL:
TOTAL REG. SAVINGS DEPOSIT

EXPOSED AMOUNT: