certificate from a cooperative instead of a bank certificate

Question

Hi! Would it be acceptable if I would use a certificate from a cooperative instead of a bank certificate? I am refering to the 50,000 pesos that was required. This is in connection with my F student visa application. I would be going to China as a foreign exchange student.

Bruce · Answer

What do you mean cooperative?

leo · Answer

it works like a corporation where people would pool their resources for certain purposes of development. it functions like a bank where its members would deposit their money as savings and where they may also apply for a loan at a much lower interest rate...

Bruce · Answer

Another kind of financial certificate? It shoudl be OK. But I'm not so sure.

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Certificate from a cooperative instead of a bank certificate