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Asked by Leo from philippines | Jan. 02, 2012 01:49
About:Ta'er Monastery

Certificate from a cooperative instead of a bank certificate

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.

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Answered by Bruce | Jan. 02, 2012 02:15
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What do you mean cooperative?
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Answered by leo | Jan. 02, 2012 02:38
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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...
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Answered by Bruce | Jan. 02, 2012 03:02
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Another kind of financial certificate? It shoudl be OK. But I'm not so sure.
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