MFI Report

VOK Populiarna Kasa - Kyustendil was established by 33 founding members and registered on 12/10/1994 by Kyustendil District Court. The cooperative is a voluntary association of individuals with variable capital and variable number of members who, through mutual cooperation carry out business. Activity started on 10.12.1994 and currently there are 460 members. The cooperative provides loans to its members, and raise additional contributions from them. At present, the cooperative has a 535 000 leva capital, and our mission now is to increase the equity - by increasing the equity contributions of current members and recruitment of additional membership. The cooperative is open for membership at any time. By finding a cheaper resource the cooperative optimizes the conditions for granting loans to member co-operatives. Profit is distributed as a dividend to members each year. Thus, equity contributions are indexed each year by the percentage of profit. Hide