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Share capital refers to the financial capital that members have invested in the cooperative. This is typically used to cover the costs of starting and running the cooperative, such as purchasing equipment, paying staff salaries, and sustaining new and existing businesses.
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Each member's share value is defined by the amount of share capital they have paid up. Members may be entitled to dividends based on the amount of their paid-up shares.
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Why should a member increase Share Capital?
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By increasing their paid-up shares, members will have increased accountability while gaining other direct benefits. Some of the best reasons are:
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Increase their ownership stake: By increasing their share capital, a member can increase the number of shares they own in the cooperative.
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Support the growth of the cooperative: By increasing share capital, a member can help the cooperative raise the funds it needs to expand and grow.
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Qualify for certain benefits: For example, they may be able to vote and/or be voted on certain matters or be eligible for certain loans or services.
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Capital Build-Up Program 2023
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All OMSMPC members who have fully paid up their PHP 5,000 share capital subscription are eligible to join the Capital Build-Up Program and have a chance to win a brand-new iPhone 13 Pro Max. For full details, please check the Capital Build-Up Campaign.
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For your reference, here is the OMSMPC Share Capital Subscription.
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How to join the raffle?
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Step 1: Visit the OMSMPC Website then click the “SUBMIT A TICKET” button
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Step 2: Once in the OMSMPC Support Desk, click “Submit a ticket” and then choose the “Membership” tab.
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Step 3: Fill out all information and choose “Share Capital” under the sub-category option.
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Step 4: Indicate “Request copy of Total Share Capital Contribution” as your subject and message.
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