Mutual Aid Fund
RATIONALE: This fund is established from a yearly contribution of members for mutual aid to the family of deceased member.
TERMS AND CONDITIONS:
- 1. Open to all member.
- 2. Must deposit 500.00 as maintaining balance.
- 3. Once the maintaining balance is below 200.00, member must add his/her damayan deposit to sustain the maintaining balance of 500.00.
- 4. Damayan pass book is issued to member.
- 5. Benefit given to beneficiaries depends on the length of membership to the times the number of the Damayan members.
| Length of Stay |
Benefit |
| Less than one month |
Php 20.00 |
| 1 month to 1 year |
Php 30.00 |
| >1 year to 5 years |
Php 40.00 |
| More than 5 years |
Php 50.00 |