Monday, January 6, 2014
PHL COOPERATIVES, WHAT CAN YOU EXPECT FROM CDA IN 2014?
With the new year just starting, it is an appropriate question to ask: What can cooperatives in the Philippines expect from its regulatory agency -Cooperative Development Authority (CDA) - this year (2014)?
- 'Faster and more services'.
- ' Rendering 25,584 in "technical advisory services'.
- ' 1,186 new cooperatives registered'.
- '5.4-million new co-op members'.
- '80% of all cooperatives to be inspected'.
These are among the highlights of the targets CDA committed to achieve in 2014 to help boost the development of cooperatives in the country.
In its published 2014 Work and Financial Plan, CDA also pledged to deliver these package of "technical advisory services" within three (3) days from request by cooperatives and other stakeholders.
The target of delivering 25,584 such services, includes rendering "trainings, mentoring, cliniquing, consultancy and legal opinions", according to the CDA.
CDA exceeded by 214 the new cooperative it targeted to register in 2012; and by 725 co-ops, in 2011.
On the other hand, the CDA target to have 5.5 million in new co-op members for 2014, represents the total backlog from 2011 to 2013, CDA reported.
In 2011, the CDA performance deficit in new cooperative members was 1,366,625; and 224,320 in 2012.
While CDA is mandated to monitor/inspect 100% of all cooperatives, it is targeting to inspect in 2014 only 80% of all cooperatives, "because of manpower shortage" it is experiencing, according to the report.
On enforcement of coop regulations, CDA adopted a 60% compliance to CDA sanctions against erring/non-compliant cooperatives, as target for 2014.
Part of its program for effective research, information and training services, CDA will continue to implement its Gawad Parangal Awards program. (END).