Credit Union

We have chosen the form of non-profit cooperative, as it offers good opportunities for the realization of our ideas: flat hierarchies, equal right of participation for all members who support individuals by a volunteer community.

Each member has one vote. Whether one or more co-operative shares were subscribed for, each member is determined on equal terms with all the decisions.

Our investors and borrowers are members of the cooperative. Members receive no dividends for their shares in favor of the award as cheap loans. With the interest charged for loans, we cover only the administrative costs and a low risk proposition. Thus we are able to provide loans at an interest rate of 7%.

In the following report you can find the legal basis of our credit union

The Law of Georgia on a non-bank deposit Institute - Credit Union - EthicCapital


© EthicCapital 2014