A member-owned cooperative in Cebu
Save together. Borrow fairly. Share the surplus.
Harborlight belongs to the people who use it. Your savings fund your neighbours' loans, and what the coop earns comes back to you at the end of the year.
Owned by its members
The coop, in four numbers
Every peso below is the members' own money, working inside the community that saved it.
- Members
- 47
- members in good standing
- Share capital
- ₱2.01M
- paid-up share capital
- Savings
- ₱1.05M
- in members' savings
- Loans
- 15
- loans released this year
Become a member
Four steps from neighbour to owner
One seminar, one form and ₱500 on admission: 20 shares at ₱100 each, 25% paid now and the rest within 24 months.
Attend the seminar
Half a day at the office: what a cooperative is, your rights and duties, how the money works. Free, and required by law before anyone joins.
Send your application
Online or at the counter. Pick the office you will transact at; we book you on the seminar if you have not attended one.
Pay your first shares
Subscribe to share capital and pay the first part on admission. The rest is paid over the months that follow.
You are an owner
The board admits you at its next meeting. You get your member number, a savings account and a vote at the general assembly.
The next seminars
Sat 14 Nov
9:00 AM – 12:00 NN · Harborlight Center function hall, Cebu City
23 of 25 seats left
Sat 12 Dec
1:30 PM – 4:30 PM · Seawall Arcade training room, Mandaue
25 of 25 seats left
What members get
Your money, three ways
Savings
2%a year
Regular savings from ₱500, interest credited every quarter, and time deposits up to 5%.
Savings and time deposits
Loans
from 10%a year
Most loans charge interest only on the balance you still owe. A small part of each loan grows your own share capital.
Loans and calculator
Dividends
5%in 2025
Interest on your share capital, plus a patronage refund on the interest you paid — 6.41% last year.
How the surplus is shared
Fiscal year 2025
Last year, ₱130,480 went back to the members
The 2025 net surplus of ₱186,400 was split the way the law and our by-laws say: the reserve and the statutory funds first, then interest on share capital and the patronage refund, approved by the general assembly.
- Interest on share capital5% on average capital
- ₱86,168.09
- Patronage refund6.41% of interest paid
- ₱44,311.91
- Reserve fundkept to protect the coop
- ₱18,640
- Education and training fundseminars and training
- ₱18,640
- Community development fundprojects in the community
- ₱5,592
One member, one vote
The bank down the street, owned by the people on it.
No outside shareholders. The members elect the board, approve the budget and decide how the surplus is shared at the general assembly every March.