Wednesday, April 9, 2014
12TH COOP SUMMIT GEARS PH COOPS FOR COMPETITION
Boosting the competitiveness of the country's over 23,600 registered cooperatives up to international level by year 2020, by gearing them up to meet the challenges and opportunities ahead.
This is the main driving force for the holding this year of the 12TH COOPERATIVE SUMMIT, a biennial convention of the country's cooperatives' leaders and a "show of force" to demonstrate that the local cooperative movement is alive and booming, according to Engr. Sylvia O. Paraguya, chairperson of the Philippine Cooperative Center (PCC).
PCC is co-convenor of the summit together with the Cooperative Development Authority (CDA).
ON OCT. 16-18 AT CEBU'S
Launched recently in Cebu City, the cooperative summit, expected to be attended by some 5,000 officers of cooperative organizations, will be held on October 16-18, 2014 at Waterfront Hotel, Lahug, Cebu City with Victo National and Philippine Cooperative Central Fund Federation, two of the country's biggest cooperative federations, as local hosts.
RISING THE BAR"
In a statement, Engr. Paraguya, said that these thrusts are reflected on the summit's theme: "Cooperatives 2020: Raising the Bar", which is in line with the International Cooperative Alliance's blueprint for Cooperative Decade 2020.
The blueprint envisions to make the cooperative business, as the "model preferred by the people" and as the "fastest growing enterprise by 2020".
VISION TO STRATEGY
This vision needs to be translated into strategic plans to address, among other things, the issues of people participation and ensuring the sustainability of the country's cooperatives, Eng. Paraguya said.
She also reported that the CDA, the regulating agency, has doubled the achievement of its targets during the last three years of increasing new individual members of cooperatives, raising the current total to some 13 million individuals.
However, this figure needs to be raised to the desired target of making a substantial portion of the population members of cooperatives, for them to form a critical mass and positively affect their lives by conducting business along cooperatives' principles, she explained.
Another pressing challenge that has to be addressed is the sustainability of cooperatives in view of the coming regional market integration in 2015 under the ASEAN Economic Community.
"For example, of the over 23,600 registered cooperatives, 75% is categorized as micro cooperatives, with assets of P3-million and below; 15% classified as small; 7% as medium; and 2% as large cooperatives. This indicates the current status and asset level of the cooperatives, which certainly needs further improvement," she added.
From: Philippine Cooperative Center