Sir Caloy,
Best!
Abe P.
On Thu, Oct 20, 2011 at 1:10 AM, CARLOS ANI <carlosani@gmail.com> wrote:
Cordillera cooperatives lend P1.5B, employ 1,400
Published : Thursday, October 20, 2011 00:00 Article Views : 183 Written by : Larry Madarang, Correspondent
LA TRINIDAD, Benguet: Local cooperatives in have contributed P1.5 billion in loan releases as its volume of business in the Cordillera region.
Cooperative Development Authority (CDA) revealed this during the Philippine Information Agency's "Kapihan sa Benguet" over the weekend.
Of the more than a billion in loan releases, P137 million was farmed out to Benguet province, the CDA said, and cited that there is a total of P700 million in sales in the region with Benguet owning P334 million of the P700 million.
The Cordillera region's cooperative sector employs a total of 1,485 individuals and contributes around P85 million in paid wages and salaries, CDA cited.
Currently, there are 701 registered cooperatives with the CDA, 100 of which are newly formed cooperatives.
The cooperatives in the region have a total of P2.7 billion in paid up share capital of its members with a total savings of P995 million.
The CDA aims to increase its cooperative membership base from 7 million members as of present to 20 million members in the next three years.
The CDA will be marking the Regional Cooperative Month on Oct. 26-27, 2011at the Benguet State University Gymnasium here.
Meanwhile, the CDA identified the Baguio-Benguet Community Credit Cooperative (BBCCC), the Baguio General Hospital Multi Purpose Cooperative (BGHMPC), the Benguet Traders Multi Puspose Cooperative (BTMPC) and the Tanudan Saving Cooperative in Kalinga as the top cooperatives in the different categories in the Cordillera region.
The BBCCC tops the large cooperative category with a total assed of P1.1 billion, it is followed by Tabuk MPC; Texins MPC, Philex Credit; Abra Diocesan TE MPC; LAGSADECO; Lagawe MPDDC; Mothers and Family MPC; Besao MPC; and the All Saints Credit.
With the medium cooperative category, BGH MPC with a total asset of P94 million is followed by the Sagada MPC; Tabuk Farmers MPC; BSU MPC; Bavesco; Bad-ayan Bugias; LT Trading Post MPC; Tam-an MPC; Piwong MPC and the BAMAPCOM Entrepreneurs.
For the small cooperative category, the Benguet Traders MPC is followed by the Cordillera OCW; Mabuhay MPC; Aguinaldo Mktg.; BODA MPC; Trinidad based Agawa; Ambigatton MPC; Timber and Lime; Cordillera Homeowners; and the La Trinidad MPC.
While in the micro cooperative category, Tanudan Savings is followed by the LBP Employees MPC; San Ramon MPC; SRT Alfonso Lista; Bagtangan Farmers; Baguio's Finest; Holy Trinity Cathedral; Tawang MPC; Sayapot MPC and the Abreco Employees.
A large scale cooperative has P100 million or more in assets, while the medium category has P15 million to P100 million; a small cooperative has P3 million to P15 million; and the micro cooperative P3 million and below.
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