ut what was really the purpose of my membership and why did I terminate it in the end?
When Ayala Coop was introduced in our company, I never really planned to sign up with them. First of all because I don’t like loans. Not that I hate loans or that I never had a loan or have borrowed money from someone else, but I am not just comfortable with it.
I know a few of my colleagues who availed of Ayala Coop’s loan products to buy high-end cellphones or other gadgets while some of them used the money to renovate their house, to pay for their kids’ tuition and even to fund for their travel and getaways.
I have nothing against them. It was their money and they have all the rights to use it for whatever purpose they want. But obviously, more members take advantage of the loan products and services rather than the investment side of it.
I can’t speak much about the coop’s patronage refund and rebates because I didn’t avail of any loan. But based on their reports, their interest rates seem lower compared to other lending companies and banks.
After reading their brochure repeatedly, I finally decided to sign up. My main purpose was to save a portion of my salary by investing it in the Coop. And by investing, I was hoping to earn higher returns than what the normal bank savings account offers. So I never really thought of availing their loan products even if it was very easy to apply and get approved.
That was my purpose. But after giving it some thoughts, I realized that my money would be better off in another investment vehicle. That time I was already thinking of investing in the stock market. Who would be satisfied in the first place if you know that your P10,000 investment only earned a one-time 30 pesos in almost 2 years. Little did I know that a bigger cash dividend was on its way to my account. Only then I realized that Ayala Coop was worth a portion of my investment portfolio had I not terminated it.
Too late… Now I’m thinking if I could still reactivate my membership knowing that I’m no longer employed with the Ayala Group of Companies.
I guess it’s an opportune time for me to reassess my investment objectives and continue learning how the different investment tools work so that I could choose those that match my current financial status, risk appetite, and investment goals.
How about you? Have you been a member of Ayala Coop or any other cooperatives? How was your experience with them? Share it with us by leaving a comment below.
Click here to read – My Ayala Coop Experience- Part I
Click here to read – My Ayala Coop Experience- Part II
Disclaimer: This post is for informational purposes only. I’m not an employee of Ayala Coop and I don’t endorse any of their products or services. If you’re interested to know more about this company, you may contact them directly or visit their website for more details.
I was able to dissect a coop from a small at one time and I was amazed with their history. They started with P35 capital and after 14 years, coop members are enjoying P11,000 per share. P35 compounded many times in 14 years, here’s the story.
http://invest-friends.com/35-pesos-investment-11000-pesos-14-years/
-not really a good writer-
I visited your site and read your article.
I tried posting a comment but it didn’t let me. There was an error.
Anyways, that was indeed a huge profit for them!
Coop is a good option for people who don’t have much time to study the ins and outs of other investment vehicles.
It doesn’t require a big amount of investment capital that makes it more suitable for everyone.
Actually, my very first investment was with a small coop in Mandaluyong which I will share later on my blog.
Sorry about the error. It is working now.
Yup, I went to your site already. 🙂
Thank you for the blog, Janice. I’m an employee of the Ayala Coop. we appreciate it!
My pleasure, Jonas.
Glad to see you here at Pinay Investor 🙂
Hi Janice. I’m currently a member of the coop. I wonder how does the dividend computation goes. Let’s say for P1K investment, how much will be the return? Thanks.
Hello Al, thanks for visiting Pinay Investor 🙂
In my experience with Ayala Coop, I earned almost 5% interest in 2 years time. But like I mentioned in some of my posts, most investment returns are not guaranteed. It depends on so many factors.
For more accurate answers to your question/s, here’s a link to Ayala Coop’s FAQ page http://www.ayalacoop.com/faqs
You can also contact them directly should you want to talk to one of their representatives for clearer explanations about their products and services.
Hi, Janice! Have you tried the Balik Coop program? I don’t know what Ayala Coop requires to get former members back into the coop but as far as I know they are still accepting returnees.
Hello Cath, I haven’t tried that program.
Are you also a member of Ayala Coop? 🙂
thanks Pinay Investor 🙂 it made me decide fast
You’re welcome, Val! 🙂
Did you sign up for Ayala Coop Membership?