MUTUAL ALLIANCE CO-OP
Nova Scotia Co-operative
This loan is granted to members in an amount not exceeding two times the amount held in their share account. The interest rate is 3% on a declining balance method with a maximum repayment period of 12 months.
This is a planned loan disbursed by the loan committee. The highest amount disbursed is two times the shares held in the Co-op by the respective member. Currently repayment period is not to exceed 24 months with the interest rate of three percent based on a declining balance. The aim of this loan is to assist members in their business development projects.
This loan is granted to members to support their agricultural activities. The loan repayment period is six months with an interest rate of 3%.
This loan is granted to members based on the type of emergency with a maximum amount of $1,000 and is charged 0% percent interest rate with a repayment period not to exceed one month. The aim of the loan is to assist members facing an unexpected personal problem.