The following documents provide documentation on the purpose and authorization of MagCoop Multipurpose Cooperative to conduct lending and financial service activities.
The BIR Certificate of Registration (COR) issued to MagCoop includes the following classification:
PSIC : 64929 - OTHER CREDIT GRANTING, N.E.C.
Line of Business : OTHER FINANCIAL SERVICE ACTIVITIES
Article II.a. - To engage in providing loans to members for productive and providential purposes;