Differences between a credit cooperative and a bank. How this organization works

What is credit consumer cooperative and a mutual credit society? How do I open a cooperative? Who will help a private lender register a credit union?

The modern financial market is diverse and democratic. For a thinking and enterprising person, he provides a lot of options for implementing potentially profitable and useful ideas.

In addition to banks, investment funds, pawnshops and MFOs, non-profit organizations have the right to receive finances from the population and dispose of them at their own discretion - credit consumer cooperatives (CCP).

I, Denis Kuderin, will tell you in detail what these structures are and for what purposes they are created in a new publication.

If you need help in liquidating a consumer cooperative, use the advice from the final section of the article.

So, let's begin!

1. What is a consumer credit cooperative and how does it work

People who found soviet time, they also remember the mutual aid funds. Such associations were created at workplaces with the aim of mutual material support of the participants.

People who urgently needed money - such as newlyweds or new mothers - were given interest-free loans. The funds were formed at the expense of entrance and monthly membership fees.

Credit consumer cooperatives operate on a similar principle. True, loans are issued with interest, but at the same time depositors receive a certain income. In essence, these are non-profit organizations that raise funds from shareholders and provide loans to members of the cooperative.

Credit consumer cooperatives - voluntary unions of citizens or legal entities united on a territorial, professional or other basis in order to meet the monetary needs of the organization's participants (shareholders).

The activities of the CPC are regulated at the federal level - in particular, by the law of 2009 "On Credit Cooperation". To create such an association, at least 15 individuals and at least 5 legal entities are required. The governing body of the cooperative is a meeting of shareholders.

Quite simply, these are groups where people help each other with finances. The organization does not aim to make a profit. Those in need of money are given loans on the basis of an agreement between the PDA and the borrower. At the same time, the society does not have the right to issue money to persons who are not part of the cooperative.

Loans come with collateral and without it. Sometimes the organization issues loans under the guarantee of individuals and legal entities, in other cases money is given against the security of real estate, transport, property rights.

Associations that are close in meaning and essence are credit unions, mutual credit societies, etc.

Basic rules of the PDA:

• every member of the community has the right to count on financial assistance when he needs it;
• outsiders are not allowed to manage the organization;
• leave the cooperative or join it only of their own free will;
• all members of the association have equal rights regardless of the amount of contributions;
• decisions are made according to the principle “one shareholder - one vote”;
• all members are equally responsible for the activities of the cooperative;
• KPC must be registered with the relevant government structures and be a member of the SRO - a self-regulatory organization (in case of compensation for losses of shareholders in bankruptcy);
• The organization has a Charter, which is approved at the general meeting.

What are the benefits of forming a cooperative? Such an organization has the right to tax breaks, guaranteed property protection, investment activities, albeit limited by law.

If the participant wants to borrow money from the cashier, the meeting will not study his credit history under a microscope, require income certificates and other documents. For people who want to do entrepreneurial activity, but do not have regular income to obtain a loan from a bank, a loan from a consumer cooperative is an alternative option to raise initial capital.

At the same time, personal savings are attracted to the PDA at rates higher than banking ones by 5-10%. That is, you are not investing money for free, but for the purpose of making a profit. And if the money does not lie like a dead weight, but is invested, for example, in government bonds, then the income of each participant will increase proportionally.

Chief among them - "consumer cooperatives were a legacy of the Soviet period and have sunk into history along with Gorbachev." In fact, such organizations existed even in Tsarist Russia and they still live quite successfully.

There are such associations in the West as well. In the United States, the total assets of lending communities are in the hundreds of billions of dollars.

Another myth is “some kind of fictitious organizations like financial pyramids”. Yes, by joining the CCP, there is a chance to run into scammers. But only if you were too lazy or did not want to check the legitimacy of the organization.

This is done very simply - all official CPCs are controlled by the state, registered with the Tax Service and in the Unified State Register of Legal Entities, and are members of the SRO.

Read the material about another voluntary association of shareholders with the aim of preserving and increasing money - "".

2. What are the types of credit cooperatives - 3 main types

There are many types and subspecies of credit cooperatives - consumer, industrial, agricultural, construction, garage, dacha, second-level CPC, which include the cooperatives themselves.

I'll tell you about the most popular varieties.

Type 1. Consumer cooperative

This is the main type of cooperative communities. The main goal of such an association is mutual assistance of the participants: those who need funds receive them, and the rest contribute money at interest. The law does not prohibit these unions from receiving income legally.

To insure the savings of shareholders, SROs are organized, into which several cooperatives join at once. Compensation funds are being created within these organizations, which partially replace the banking insurance system.

How to distinguish a consumer cooperative from a pyramid scheme:

• KPC is a non-profit organization with the corresponding constituent documents: any potential community member has the right to study them;
• fraudulent organizations are much more active in advertising and marketing, attracting new members, and cooperatives - solve the problems of a specific group of people;
• in the pyramids, for each participant you bring, they promise a reward;
• pyramid schemes do not last long - if organizations are less than a year old, look for another credit union.

The cooperative's activities are completely transparent and regulated by the Charter of the organization. The CPC necessarily has several funds - reserve, property, insurance.

Type 2. Agricultural credit consumer cooperative

The legal basis of agricultural cooperatives is regulated by the law "On agricultural cooperation". The priority activity of such organizations is participation in the agricultural sector of the economy.

Agricultural cooperatives specialize in the production and processing of products, supply, marketing, lending to the agro-industrial sector.

Example

Several farming families banded together and formed a cooperative. Separately, farmers could not purchase transport for milk transportation and a machine for the production of compound feed. Together they managed to successfully solve these problems. As a result, the income of each farm has increased.

Agrarian cooperatives closely cooperate with banking organizations, in particular - with "Rosselkhozbank".

Type 3. Housing and construction cooperative

Housing cooperatives are created in order to solve the housing problems of the participants. The specific tasks that the participants solve are the construction and improvement of residential premises. Residents - present or future - pool their funds and use them to solve pressing problems.

When joining such a cooperative, be sure to study the charter and consult a lawyer. Often, under the guise of housing associations, fraudsters are hiding who want to profit from your money, and even living space. Never sign any documents without reading them from beginning to end and not knowing the status of the institution.

For a more visual representation of the types of cooperatives, study the table:

3. How to open a credit consumer cooperative - step by step instructions

Do you want to open a consumer cooperative?

This business will take time and effort. The most difficult stage is to attract a sufficient number of shareholders who will agree to pay the entry fee. And then the system comes into play. You need to act strictly within the framework of the law and following a certain algorithm.

Step 1. Gathering participants and holding a meeting

First, an initiative group is created, which includes people who clearly understand the goals and objectives of the organization.

They attract new members and call a constituent assembly. To start operating a cooperative will need at least 15 individuals or 5 legal entities. If the composition includes both, you need at least 7 participants.

Advice: it is desirable that the core group includes a person with the basics of financial literacy - a professional accountant or economist. It will be difficult for people without such education to manage financial flows.

It is also necessary to appoint a chairman and a secretary. Members of the future community formalize their decision to create the CCP in the form of an official protocol.

Step 2. Prepare documents

The main constituent document of the CPC is the Charter of the Credit Association. You also need to find original name for the cooperative and assign a legal address.

Example

In the Soviet feature film Garage, a cooperative of shareholders was involved in the joint construction of a garage complex and was called Fauna. In some scenes, clauses of the organization's charter are announced.

It is necessary to preliminarily determine the size of the authorized capital and the amount of the initial share contribution, as well as draw up a loan program. When preparing documents, be guided by the provisions of civil legislation that relate to credit cooperation.

Step 3. Register a cooperative

We write an application for state registration and certify it with a notary. Then we pay the state fee and register the PDA at the Tax Service unit at the place of the legal address. Before this procedure, participants must make a authorized capital not less than a tenth of the initial share contribution.

The following documents are attached to the application:

• list of community activities;
• certificate of ownership of the premises in which the PDA will be located (or a lease agreement);
• passport data and TIN of the chairman ( general director) and members of the organization;
• if the founders are legal entities, you need certificates from the Unified State Register of Legal Entities confirming their status.

A license from the Central Bank is NOT required to conduct financial transactions.

Step 4. We make a seal and open a bank account

After you receive the documents confirming the inclusion of the cooperative in the Unified State Register of Legal Entities, you need to make a seal and open a current bank account. Notify the tax authorities about opening an account.

Step 5. Getting registered with extra-budgetary funds

Be sure to register with extra-budgetary funds: social insurance, pension, health insurance. The basis for calculating taxes to these funds is the remuneration of workers in the cooperative.

Step 6. Organizing a control system

Control and accounting is the basis of competent financial management. In addition to internal control, the CCP's monetary affairs are handled by the Federal Service for Financial Markets. There you need to send a copy of the Charter of the organization and the contact details of the chairman of the cooperative.

Step 7. We join the SRO of consumer cooperatives

Another legal requirement... You must join the SRO within 3 months after the creation of the cooperative. Only after this does the organization have the right to accept new members into its ranks and attract their finances.

When opening a cooperative and at all stages of its registration, it is advisable to consult with professional lawyers. The easiest way to do this is remotely - in a company that specializes in online consulting.

Thousands of professional lawyers, including experts in civil law, collaborate with this resource. There are free services and paid ones. In the first case, a simple answer is given to the question asked, in the second - detailed written consultation with the algorithm of actions.

4. Professional assistance in registering a credit union - an overview of the TOP-3 law firms

From the previous section, you realized that creating a PDA is a responsible and difficult procedure if you do it yourself.

However, there are professional companies that will help, support, advise how best, or simply do all the work of registering a cooperative for you. We present an overview of the top three reliable firms such a profile.

The company's slogan is “Unsolved issues are canceled”. Specialization - registration and liquidation of legal entities and non-profit organizations, as well as legal and accounting services to individuals and firms.

Center registers new organizations economically and on a turnkey basis. The client is required only by statutory documents, all other stages, including opening a bank account and interaction with the tax service, will be taken over by professionals. Another advantage of the company is low rates.

2) Express Registrar

The name of the company speaks for itself - Express Registrar works quickly and strictly within the framework of the law. The firm was founded in 1999. It is the leader of the Russian legal services market in terms of the number of registration procedures since its foundation. The company has 4,000 loyal customers, 10 offices and 50 experienced staff members.

Advantages - payment only upon delivery (no hidden fees), remote interaction with the client via Internet communications (skype, icq, mail agent). The customer appears at the company only once, when he brings the documents for registration.

Moscow city service for registration of business and non-profit organizations. Operates with the support of Alfa-Bank. Registration in 3 days is guaranteed, but there are more quick options... Each client receives a gift in the form of opening and maintaining a current account. The company also provides customers with accessible legal addresses in all inspections of the Moscow Federal Tax Service.

5. How to liquidate a mutual credit society - 3 practical tips

It happens that a cooperative created with good intentions does not fulfill its obligations and its existence loses its meaning.

In this case, it is necessary to legally competently close the organization. It will not work just to dissolve people at a general meeting. You need to follow the provisions of the civil code.

The process algorithm is as follows:

1. We draw up the minutes of the meeting at which the liquidation was announced.
2. We inform the tax office about the termination of the CCP.
3. We appoint a liquidation commission.
4. We publish an announcement in the media about the termination of work.
5. We pay the money to the shareholders.
6. If there is not enough capital to pay off debts, we sell the property of the cooperative.

Some useful tipswhich will simplify the closing procedure.

A relatively new, but successfully developing, for the Russian region, the non-profit association KPK stands for credit consumer cooperative, which is rather unusual for our market. What is a consumer credit cooperative? This is a voluntary association of citizens, the purpose of which is to provide material assistance (mutual assistance) by accepting deposits and issuing loans at interest to its participants (shareholders).

In essence, credit cooperatives are similar to microfinance organizations, but they have significant differences in some aspects.

People unite in such unions (partnerships of mutual credit) for some a common feature (professional, territorial, etc.). The union of credit cooperation is headed by a meeting of shareholders - its members.

What is the main difference between the CCP and other microcredit organizations?

The main point here is that the opening PDA does not have its main goal of gaining income (although the availability of profit is not superfluous, and when the association is liquidated, it is divided between the shareholders). In fact, this is a mutual assistance fund (an organization created by the shareholders themselves), where the shareholders place their contributions, at the expense of which other shareholders receive loans. Issuance and acceptance of funds occurs at interest. For loans they are more, for deposits they are less. It is possible to attract borrowed funds from outside, but it is impossible to issue loans to non-members. Also, the CPC cannot act as a guarantor and surety for loans (even for its shareholders) in other financial associations.

People do not apply to the PDA very often due to the fact that such organizations are not yet so widespread in the financial market. The low prevalence is explained by the following points:

• the legislation governing the area of \u200b\u200bactivity of this association was developed relatively recently - in 2009;
• memories of all kinds of financial fraudsters like "MMM" are still alive in people's memory;
• the level of awareness of such associations is rather low.

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Operating principles and rules

How this organization works:

1. Participants (shareholders) make an entrance fee (the amount of contributions may be different) in accordance with their shares in the organization. By the charter of the organization, other membership fees are also possible: annual, quarterly, monthly, additional;
2. From the contributions of the shareholders of the credit consumer cooperative, the organization's fund is formed, which consists of three parts: a reserve (needed to cover unforeseen expenses), a share (from which current needs are paid) and a mutual financial assistance fund for providing loans to shareholders.

What are the features of the organization of the KPC financial fund? The organization's budget is formed from the following sources:

• contributions of shareholders: membership, share, entrance and additional payments;
• income received from the activities of the CPC (interest on loans);
• funds received from outside and other sources.

The rules for the activities of such a union are determined by law and consist of the following points:

There are also some restrictions on issuing loans and accepting deposits:

• the maximum loan amount per shareholder should not exceed 10% of the total amount of loans issued by this association (if the organization has been operating for less than 2 years) and not more than 20% (if the union was registered more than 2 years ago);
• the total amount of funds that are not directed to the issuance of loans (for the reporting period) should not exceed 50% of the attracted capital of the shareholders;
• the size of the reserve fund must be at least 5% of the funds raised.

In addition, there may be some restrictions on the rates of accepted deposits (these restrictions can be both mandatory and recommendatory).

PDA varieties

Since there can be both individuals and legal entities in the PDA, credit consumer cooperatives can be divided into the following types:

PDA standards

As well as for other credit institutions of the Central Bank of Russia, certain financial standards have been established for the CPC, which must be observed:

• the size of the reserve fund must be at least 5% of the total amount of funds contributed by shareholders;
• the contribution of one shareholder cannot exceed 20% of all attracted funds;
• the volume of the mutual fund must be at least 8% of the total funds of the shareholders;
• the volume of deposits from legal entities that are not members of the association should not exceed 50% of all deposits

The state monitors compliance with these standards and periodically arranges inspections.

What are the benefits of participating in a cooperative

Is it profitable to be participants such a union?

If you regularly pay membership fees, then you can definitely get a loan for personal needs. The advantage of the PDA is that it will not study your credit history, collect documents on income and certificates from the place of work. One of the restrictions on the loan - you can be given a loan no more than 20% of the total amount of loans that were provided during the reporting period to the rest of the organization.

Also, you have the opportunity to receive a higher rate on the deposit than in the bank. You can manage the activities of the association as a shareholder, i.e. keep abreast of his financial affairs and influence decisions. With the consent of the general meeting, shareholders can invest cash at own business and get additional profit.

PDA advantages and disadvantages

How to distinguish a real consumer credit cooperative from “fakes” - financial pyramids and so on?

Please note that the name must contain the abbreviation KPC or Credit Consumer Cooperative. The presence of other abbreviations - LLC, CJSC, etc. mean something completely different. Before you are definitely scammers. You can confirm that it is actually a PDA by going to the Bank of Russia website. If it appears in the register of the Central Bank and the name completely coincides, like the INN and OGRN, then this is a real cooperative.

A real cooperative will not offer rewards or incentives for attracting new shareholders. Be careful - the promised interest rates for the CCP will, of course, be higher than the bank interest rates, but not several times. If, when depositing money, you are not allowed to read the documents, or the conditions are not clearly spelled out there, then you should think about joining such an association.

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Question answer

What is SPKK among other types of cooperatives?

SPKK is an agricultural consumer credit cooperative. It is the simplest form of cooperation and is more widespread than other types of cooperation. Such cooperatives are created by agricultural producers to meet their needs.

If you try in simple words to explain the principles of lending for consumer cooperation, then a suitable analogue would be a mutual aid fund, which works according to a similar system. Indeed, a consumer credit cooperative is a voluntary association of citizens (as well as legal entities) designed to issue loans to needy participants in accordance with the organization's charter. At the same time, the main source of the formation of the fund is the contributions of the shareholders themselves, who receive their part from the general income of the cooperative.

What is a PDA

In order to understand what a credit cooperative is, let us first look at the legislation, which clearly states that the CPC is a non-profit organization. Such a cooperative is created not to make a profit, but to help its shareholders who can get a loan on favorable terms. At the same time, it is beneficial for participants to place their funds in the KPC fund, because the percentage will be higher than on a bank deposit.

The recipients of the loan will also not be the loser, because they receive finance with less difficulty than with bank lending. If we compare a consumer credit cooperative with a bank, then in the case of a PDA, there are much less difficulties in obtaining money. For example, attempts by a novice entrepreneur to obtain a bank loan for business development are largely doomed due to the lack of a large income or credit history. But, in such a consumer cooperative, it will be much easier for him to interest good ideato get funding for your project.

History of the emergence of cooperatives

Russian credit cooperation originated in 1865, when the first savings and loan partnership was created in the Kostroma province. Further development can be called stable - if by the end of the 19th century there were several hundred such associations in the country, then by the revolution their number began to be measured in tens of thousands.

The market of credit products is represented not only by banking structures; other organizations are also ready to lend money on credit. So, credit consumer cooperatives of citizens work with the population, where, if necessary, you can "intercept" the required amount for some time. Let's see how profitable such offers are and what distinguishes a PDA from a regular bank.

Credit cooperative - what is it?

At its core, this non-profit organization is a mutual aid fund: the cooperative attracts money from shareholders to provide financial support to its other shareholders. The service for borrowers is paid, and depositors receive their income for placing funds. The profitability for the investor is higher here than in the bank, but the borrower also receives money at a higher interest rate. The organization has its share of the commission for managing the activities of the cooperative.

In what situations may it be necessary to apply to a credit cooperative and under what conditions can you borrow?

When money is urgently needed ...

Three friends wanted to arrange an extraordinary vacation for themselves and go to the Crimea for a few days, otherwise, for several months now, new beaches and resorts have appeared in Russia, and they have not yet conquered all vacationers there.

We agreed that they would fly on Dobrolet next Friday, so that after 10 days of vacation they would go to work. The girlfriends asked the bosses to leave, instructed the one with the computer to know how to order tickets from the domestic low-cost airline on the Internet. But no, it turned out to be problematic. And the point is not at all a lack of air tickets, but a lack of funds - the management let go on unpaid leave, and where to get money for great stay?

It was calculated that each would need 7,000 rubles for a flight and 20,000 rubles for accommodation in an all-inclusive hotel; additionally, they would need to spend on fresh fruit and entertainment. Well, and you need to get ready for the road - update your beach outfits. As a result, each of the girls urgently needed money in the amount of 40,000 rubles. Where to borrow about a month until your next paycheck?

The difference between bank loans and loans in a cooperative is significant:

• Only relatively small amounts can be obtained from the PDA - loans of more than 30-100 thousand rubles are not available to individuals who first apply here.
• The money will have to be returned much faster than the bank - only a few months are given to use borrowed resources.
• But you will have to pay much more - the rate in a cooperative may turn out to be an order of magnitude higher than offers from official financial structures.

There is one more significant difference - the speed of registration and the availability of receipt. If a credit cooperative is ready to accept borrowers between the ages of 18 and 70, then banks have their own age limit - from 21 to 65 years. And you will have to be more active in proving your reliability in the bank, and in non-profit organization, in addition to your passport, you are unlikely to be asked for an additional document.

What to choose for urgent borrowing?

Anna is an accountant in a reputable company: as the most conservative of the trinity decided to apply to Sberbank for a cash loan, fortunately, she has long been a client of this financial institution. After work I went to the nearest branch, filled out an application and waited for a call. They promised to resolve the issue within the next business day.

Yana is a freelancer: she, as the most advanced, chose an online appeal inTinkoff Credit Systems , who promised to deliver a credit card with the required amount within 24 hours by courier directly to your home.

Alla is a seller in a private store: she put off solving the issue until the last day and only on the last day ran into the office of the credit consumer cooperative "Credit Center" during lunchtime.

It is important not only how long the lender considers the application, but also his final decision - about the parameters of the loan provided. Additionally, one should not forget that it will take some time to make a decision on extradition, which must be taken into account in case of an urgent need for money.

What can you get with express lending?

Anna got a call from Sberbank on the second day and demanded to bring a certificate of income, which she did. Apparently, the fact of having a salary card in this bank played its role and the loan was approved. On the following conditions:

• Amount - 45,000 rubles ( minimum size consumer credit for Muscovites in this bank);
• Term - 3 months (it won't work for a shorter period);
• Rate - 21% per annum (Anna did not like the bank for some reason, since he set the maximum possible rate);
• There are no additional commissions and fees.

Yana received a Tinkoff Platinum credit card the next day after ordering it on the website. She showed the courier her passport, as well as her driver's license, and signed the documents to get the card in her hands. Then it took more time to activate the card, but very soon the money was practically in her hands.

• The approved amount was less than the requested amount - 35,000 rubles;
• She has the opportunity to pay off the debt on credit plastic over the next 20 months, paying the bank minimum payments of 5% of the debt, or you can return the entire amount tomorrow
• Interest outside the grace period - 29.9% for non-cash payments and 37.9% for withdrawing money from an ATM;
• Service - 590 rubles upon issue and activation of the card is debited from the account, 290 rubles and 2.9% for each cash withdrawal operation.

Alla was able to get a loan from the PDA "Credit Center" in half an hour upon presentation of a passport and TIN certificate on the following conditions:

• Size - as requested - 40,000 rubles;
• The term, as it is convenient, is 2 months;
• Rate - 15% per month, which corresponds to 180% per annum;
• Obligatory payment of contributions (entrance, membership, share) in the total amount - 1,000 rubles.

It is easier to get a small amount of debt in a credit cooperative than in any bank, but simplicity is not always a benefit. The overpayment on such a loan will be higher than on a traditional consumer loan. But you don't have to run around with papers and supporting documents, as Sberbank usually requires, or it is painful to calculate credit card debts, which can snowball because of additional fees. Processing loans in the PDA is convenient way borrow quickly.

The lending market in Russia is well developed. At the same time, in our time, banks are not always engaged in the provision of such services. Great alternative Membership in a credit cooperative is usual for many borrowers of bank loans. Both legal and legal entities can join such an association. individuals.

There are many such organizations that unite borrowers according to a wide variety of criteria. Further, we will take a closer look at what a consumer credit cooperative is, how such organizations work, as well as who and how can become their participant.

The activities of such organizations are regulated by domestic legislation, namely Federal law "On Credit Cooperation" No. 190-F3 dated 18.07.2009. There is also a law of December 8, 1995 N 193-FZ "On Agricultural Cooperation", which regulates the activities of agricultural cooperatives.

The law says that a consumer credit cooperative is a voluntary association of persons (both individuals and legal entities) on a territorial, professional or other basis for the purpose of mutual financial assistance.

Such organizations are created for the purpose of mutual assistance to the participants, but not for obtaining financial profit. In other words, a consumer credit cooperative cannot be a commercial structure.

According to domestic legislation, to create a cooperative by individuals, a minimum of 15 participants is required. If the organization is created by legal entities, then the minimum number of members is reduced to 5.

Can bad credit history be corrected and how to do it? The answer is

There are also mixed-type cooperatives, members of which can be both legal entities and individuals. In such a situation, at least 7 members are required to create an organization.

In domestic legislation there is one very important point... If, after the exit of one of the members of the cooperative, the number of its members falls below the mark established by law, then the organization is automatically subject to liquidation.

The minimum age of participants in such organizations deserves special attention. You can become a member of a credit cooperative from the age of 16.

However, the legislation does not allow minor citizens to obtain loans, therefore, until the age of 18, a member of the organization can only act as a depositor.

Participants in credit cooperatives can become both those who want to receive income from free capital, and those who need additional funds. Earlier it was said that such organizations are created for mutual assistance, and not for commercial purposes.

However, contributors can invest their savings in the organization's fund, which will allow them to profit from interest.

It is worth noting that contributors can be both members of the cooperative and outside parties.

However, the issuance of loans is possible only to members of the organization (shareholders).

Large domestic credit institutions

Russia has whole line similar organizations that have their offices in most regions of the country.

It is to large and trusted organizations that most investors are ready to give their funds.

• Vkb-credit. One of the largest cooperatives in the Volgograd region. The organization has been operating since 2010, providing loans to improve living conditions and quality of life to its shareholders.
• Credit-Alliance. This organization operates in the city of Dyurtyuli. A fairly large and reliable cooperative issues targeted loans at 29.9% per annum for up to 12 months. According to the feedback from the members of the cooperative, the organization is very transparent.
• Fundraising. This cooperative was created in 2014 in St. Petersburg. Provides targeted loans for the purchase of a car or real estate. In the future, the cooperative plans to expand to other regions. Feedback from shareholders indicates the presence of hidden conditions in loan agreements.
• Russian credit. This cooperative operates in the city of Togliatti, providing loans to its shareholders for the purchase of housing. Based on feedback from members, the cooperative issues loans at low interest rates and operates transparently.
• People's loan. This PDA operates in the Leningrad region in the city of Luga. Its activity consists in issuing non-earmarked loans to shareholders at moderate interest rates.
• Mutual loan. The cooperative also operates in the city of Luga leningrad region... He specializes in issuing both short-term and long-term loans to his shareholders.
• Saving. This cooperative has been operating since 2010 in Krasnoyarsk. Its shareholders have access to both inappropriate short-term loans and long-term targeted lending programs. The organization offers favorable conditions for depositors.
• Credit consumer cooperative trust. The organization has been operating in Amursk since 2010. It also has offices in some other localities. Here you can get a loan for a period from 1 month to 5 years.