Monday, October 24, 2016


The Committee on Cooperatives Development, chaired by Rep. Rico Geron 
(Party List AGAP) conducted a roundtable discussion on the status of 
implementation of RA 9510 with representatives from concerned government 
agencies and various cooperatives.
The roundtable discussion aims to better understand the reasons behind

the strong opposition of several cooperatives against the continued
implementation of RA 9510.
Among those who participated in the roundtable discussion were 
reprepresentatives from the government agencies such as the Cooperative 
Development Authority (CDA), Philippine Competition Commission (PCC),
Securities and Exchange Commission (SEC), and Credit Information 
Corporation (CIC); and from various cooperatives which include Baguio

Benguet Community Credit Cooperative (BBCCC), Tabuk City Cooperative
Development Council (CCDC), Federation of Peoples’ Sustainable 
Development Cooperative (FPSDC), and Sta. Cruz Savings and 
Development Cooperative (SCSDC) RA 9510 aims to establish
 a comprehensive and centralized crediit information system for the collection and
dissemination of fair and accurate information in relation to credit and credit
-related activities of all entities participating in the financial system. 
The law covers all entities that provide credit facilities, including cooperatives.

Representatives from the various cooperatives present argued that 
cooperatives should be excluded from the scope of RA 9510 and that a

separate CIC functioning under the CDA should handle the unique

concerns of the cooperatives. They likewise cited the following reasons for 
their strong opposition to the continued implementation of RA 9510:
The law is unconstitutional and violative of RA 10173 or the Data 
Privacy Act of 2012 and RA 9520 or the Philippine Cooperative
Code of 2008;

There was no proper consultation made with concerned 
stakeholders prior to the promulgation of the law’s implementing 
rules and regulations (IRR);
Cooperatives find the law’s requirements too complicated to

comply; and 
The law’s penalty provision is not acceptable to cooperatives.
CIC Chief Executive Officer (CEO) Jaime Garchitorena said that he is not 
in a position to interpret the constitutionality and legality of RA 9510. But he 
noted that most of the points presented by cooperatives against the law 
are just misconceptions as he explained that both RA 9520 and RA 9510 
were enacted during the same Congress, making it unlikely that 
contradictions between these two laws would have gone unnoticed. 

Garchitorena said that the CIC is willing to assist the cooperatives in 
complying with the requirements under RA 9510. He added that the CIC 
has not sanctioned any violator at this point in time, with CIC being more 
inclined towards assisting cooperatives than penalizing them.

SEC Chairperson Teresita Herbosa clarified that the IRR of RA 9510 was
promulgated by the Joint Oversight Committee created for the purpose, 
composed of seven Senators and seven House Members. Thus, Herbosa 
opined, amending the IRR will require an act of Congress to revive the 
oversight committee. 
Rep. Anthony Bravo (Party List, COOP NATCCO) recommended the filing of
a resolution that will revive the said oversight committee that will amend 
the IRR of RA 9510. (END).

(Excerpts from House Committee Daily Bulletin Vol. 1 No. 30 )


CDA Chairman Orlando Ravanera briefed the Committee on the CDA’s 
functions, goals and objectives, and legislative priorities for 2017, as well 
as its road map under the present administration.
Pursuant to RA 6939, the CDA was created
to promote the viability and  growth of cooperatives as instruments of equity, 
 social justice and  economic development.
Ravanera reported that the total registered cooperatives as of December 
31, 2015 reached 25,610 with 13.7 million members. 
Among the legislative agenda of the CDA for the 17th Congress are the:
Amendment of Article 137 of RA 9520 or the Philippine 
Cooperative Code of 2008 to grant CDA quasi-judicial power to 
resolve intra-cooperative conflicts involving election of officers, 
simplify requirements, provide automatic tax exemption to cooperatives,
 among others; and
Amendment of RA 6939 or the CDA Charter to allow the Board 
of Administrators the power to condone penalties.
Ravanera likewise discussed the CDA Roadmap 2015-2022 which 
involves a “paradigm shift towards transformative cooperative for people, 
planet, prosperity, and peace.” 
The roadmap, according to Ravanera, highlights the importance of 
“cooperativism” in empowering the poor and the vulnerable sectors in 
order to alleviate poverty and social inequity. 
 (Excerpts from Minutes of the Congressional Daily Bulletin- Hearing on CDA Budget 
Proposals, presentation of 2017 programs, House of Representatives). (END).

Sunday, October 23, 2016


Aboitiz Foundation assists 8 coops in Cebu

With the objective of empowering communities by supporting their livelihood activities, a total of 8 Cebu cooperatives received financial assistance from the Aboitiz Foundation, the social development arm of the Aboitiz Group, under its enterprise development program.

Aboitiz Foundation Executive Vice President and Chief Operating Officer Sonny Carpio recently signed a memorandum of agreement with the officers of four partner cooperatives at the Aboitiz Corporate Center in Banilad, Cebu City.

These cooperatives were granted microfinance loan packages amounting to a total of 2.6 million. These are San Roque Parish Multipurpose Cooperative, Cambinocot Multipurpose Cooperative, Kapunungan sa mga Banikanhong Mag-uuma alang sa Ekonomikanhong Kalambuan (KABAMEKA), and First Consolidated Cooperative Along Tanon Seaboards.

The funds will be used to finance various livelihood projects like rice farming, farm inputs trading, agricultural development and consumers’ store. These livelihood projects are expected to benefit 446 beneficiaries from the cooperatives’ pool of members.

This is in addition to a check totaling P3.3 million in loan packages that the Aboitiz Foundation turned over to seven partner organizations in Cebu.

The organizations were: Tabla Multipurpose Cooperative, Uling Multipurpose Cooperative, Rural Settlers Multipurpose Cooperative, Sagip Multipurpose Cooperative, in addition to further assistance for KABAMEKA, Cambinocot Multipurpose Cooperative, and San Roque Parish Multipurpose Cooperative.

The Aboitiz Foundation provides assistance to organized groups by promoting and enhancing the income-generating livelihood activities of these organizations.

Since the program started, the Foundation has already released a total of 489 loan packages amounting to P169 million, benefiting over 22,000 beneficiaries.

About Aboitiz Foundation

Established in 1988, the Aboitiz Foundation continues to pursue its mission to help people help themselves, implementing CSR interventions especially in communities where Aboitiz companies operate. The Foundation focuses its efforts on education, enterprise development, environment and health and well-being.


13th National Cooperative Summit
a Show of Strength for the Movement



This October 24 to 26, the Philippine cooperative movement will reinforce their strength as 5,000 delegates representing cooperatives, gather at the SMX Convention Centre along the SM Mall of Asia complex in Pasay City for the 13th National Cooperative Summit (13th NCS).

Convened by the Philippine Cooperative Centre (PCC), in partnership with the Cooperative Development Authority as co-convenor, the 13th NCS has adopted as its theme, Exceeding the Limits, Sustaining Excellence, to showcase the extent of development the cooperative movement has achieved after commemorating its Centennial last year, and the unlimited growth prospects it presents as it enters a new cooperative century amidst shifting-and exciting—socio-economic trends.

Moreover, the 13th NCS will equally reinforce PCC’s image as the apex of organizations representing the cooperative movement in the country. The three-day event will gather and serve as a platform of advocacy for the movement as ‘co-operators’ discuss, strategize and come up with solutions on pressing issues confronting cooperatives as a sector.

Highlighting the three-day affair are video presentations recapping the first century of the movement in the country as well as what’s in store for the new coop century; reports on the state of the movement, courtesy of CDA; the Bigay Pugay Awards for deserving co-operators; priority reports on electric cooperatives, financial, services, producers and market clusters; as well as training and advocacy programs for cooperatives of indigenous people, Muslims, PWDs and senior citizens. Other coop entities will be given their time to share their enriching experiences that can set benchmarks for the movement to emulate.

Invited to grace the opening ceremonies are President Rodrigo Duterte as Guest of Honor and Balu Iyer, Regional Director/Asia-Pacific of the International Cooperative Alliance (ICA) for his Keynote Address.

There are now 25,600 cooperatives registered with the CDA, employing more than 500,000, and serving more than 13 million Filipinos thru savings and loans, agricultural inputs and marketing, micro-insurance, health services, education, housing, enterprise development, and employment.

Saturday, October 22, 2016


LANDBANK launches P1-B loan program for small farmers, fishers, microenterprises to push financial inclusion

Friday, September 2, 2016
LANDBANK announced a new loan facility to help address the financing needs of around 1.2 million farmers, fishers, micro and small enterprises in unserved areas across the country as part of its intensified efforts to promote greater financial inclusion.

Dubbed as EMBRACE or Empowering Barangays in Remote Areas through Credit and Enterprise, the program has more relaxed features and requirements, and lower interest rates for farmers to engage in eligible projects like agricultural crop, livestock, and fishery production; as well as agri-enterprise and other livelihood activities.

LANDBANK officer-in-charge Cecilia C. Borromeo said the Bank earmarked P1 billion for this lending program that is in support of the government’s effort of promoting financial inclusion especially in the countryside.

“EMBRACE is a fitting response in line with our intensified effort to bring marginalized sectors under the umbrella of financial inclusivity. This facility will complement our lending programs for small farmers and fishers through conduits as well as existing programs in partnership with the Department of Agriculture and Department of Agrarian Reform,” added Borromeo.

Under the program, priority will be given to farmers who are owner-cultivators, tenants, leaseholders, who are tilling not more than five hectares of agricultural land.

Eligible fisher-borrowers, on the other hand, include coastal fishermen who own or operate not more than three gross tons of fishing boat paraphernalia and conduct fishing activities within 15 kilometer radius from the shoreline; and fishpond owners or operators of not more than five hectares including those under fishpond lease agreement or fish cages less than 400 square meters.

Those engaged in gathering seashells and the like and in catching aquatic resources, using traps and other devices are also eligible to borrow; as well as those engaged in aquaculture, which covers all forms of raising and culturing fish and other fishery species in fresh, brackish, and marine areas.
Any other individual engaged in small scale fish, seaweed and aqua marine production may also qualify for financing.  

Also covered in the EMBRACE program are micro enterprises with asset size of not more than P3 million and small enterprises with asset size of more than P3 million but not more than P15 million.
Interested borrowers can go to any LANDBANK Lending Center or branch across the country.

LANDBANK continues to develop products and services that would help bring formal banking services to unbanked and underserved communities. Last June, LANDBANK led a nine-municipality financial inclusion caravan which enabled the Bank to reach out to about 4,000 unbanked Filipinos. 

Through the caravan, themed as “Ipon at Kabuhayan para sa Kababayan”, the Bank offered on-the-spot account opening for first-time account holders and presented modules on financial literacy to introduce participants to formal banking services, as well as business and livelihood opportunities and savings.

LANDBANK remains the biggest credit provider to small farmers and fishers and local government units, and the biggest lender to microenterprises and SMEs among government financial institutions.

Friday, October 21, 2016


    The Cooperative Development Authority (CDA) will hold its 2016 GAWAD PARANGAL on October 26, 2016 (Wednesday), starting at 2:00 p.m., at the Makati Shangri-la, Ayala Avenue, Makati City.

    An annual activity for cooperatives nationwide, CDA will award national winners in the following categories:

    a)  Outstanding Cooperatives;

    b)  Outstanding Cooperative Development Offices;

    c)  Outstanding Cooperative Development Councils;

    d) Outstanding Cooperative Leaders.

    The national nominees were chosen from the provincial and regional winners during eliminations earlier undertaken by CDA.

    National Nominees for the Awards started receiving invitations to the 2016 Gawad Parangal since October 18, 2016.  Participants are requested to come to the venue earlier than 2:00 p.m. for the briefing.

      They are also requested to come in Filipiniana attire.  Moreover, all expenses (plane fare/land transportation fare, lodging and accommodations and other expenses) will be shouldered by the cooperatives represented by the participants, according to the letter-invitation.  

    The awards event is hosted solely by CDA. (END)


Thursday, October 20, 2016


Get To Know The Billionaire Cooperatives In The Philippines

4 min read
Billionaire Cooperatives in the Philippines
A century and a year after the first law supporting cooperatives – the Act of 2508 – was signed in February 5, 1915, cooperatives in the Philippines have produced about 35 billionaire cooperatives, five of which are cooperative banks. These cooperative banks are what we call secondary cooperatives since its members are not natural persons but cooperatives as well. Primary cooperatives have natural persons as members.
This October, we are celebrating the Cooperative month by virtue of Presidential Proclamation NO. 493, Series of 2004. This year’s theme is “Cooperatives: the Catalyst of Change through Poverty Eradication and Social Transformation.”

The Top Billionaire Cooperatives In The Philippines

Interestingly enough, the top two slots in the list of billionaire cooperatives in the Philippines are those catering to the military. The Philippine Army Finance Center Producers Integrated Cooperative (PAFCPIC) has about 8.3 billion total assets. ACDI Multipurpose (ACDI MPC)Cooperative, on the other hand, has about 12.29 total asset base, according to the Cooperative Development Authority’s website.
Members are those in active service, retirees, those in the reserved force and the regular civilian employees. Besides loan services, PAFCPIC has their own grocery, canteen, water refilling station and even commercial space rental. ACDI MPC has its own aviation school in Poro Point, San Fernando La Union. They also have an agri business, leasing of resort condominiums and even a lab coop, which caters to youngsters aged 7-17 years old. As of August 2015, ACDU AMP has more than 80 branches and extension offices and about 17 mobile operations.

Billionaire Cooperatives Across The Philippines

Based on the  list provided by CDA-CAR, there are 12 billionaire cooperative from NCR and 4 from Batangas, Palawan and Laguna.  Region 7’s Cebu and Negros Oriental has four as well while Davao has 3: Tagum Cooperative [1.21 billion], Sta. Ana MPC [1.15 billion] and King Cooperative [1.03 billion]. Leyte and MIsamis Oriental has two each. Cagayan de Oro’s First Community Cooperative (FICCO) was able to make it to the third slot with about 4.79 billion total assets.
Baguio City’s BBCCC, or Baguio-Benguet Community Credit Cooperative made it to top 20, with 1.48 billion total assets while Cagayan de Oro’s Oro Integrated Cooperative [OIC] has the lowest total assets of 1.02 billion.
Here are the top ten billionaire cooperatives in the Philippines as of March 2016:
1  Philippine Army Finance Center Producers Integrated Cooperative (PAFCPIC)
2  ACDI Savings and Credit Cooperative
3  First Community Cooperative
4  Cooperative Rural Bank of Bulacan
5  Cebu CFI Community Cooperative
6  PLDT Employee’s Credit Cooperative Inc.
7  Novaliches Development Cooperative (NOVADECI)
8  Pangasinan III Electric Cooperative (PANELCO III)
9  DSE (BSP) Credit Cooperative
10 Metro South Cooperative Bank
For a complete list of all the registered cooperatives in the Philippines, click here. Find one and be part of the cooperative movement now.
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