Monday, September 29, 2014


The Cooperative Development Authority (CDA) will work in the next six (6) years to elevate half the number of all registered micro-cooperatives to the category of, at least, small cooperatives.

This is among the goals contained in the CDA Integrated and Comprehensive Program, as announced by the agency's OIC-Chairman Eulogio Castillo, in his keynote address during the September 26, 2014 1st Metro Manila Cooperative Congress.

It was held at One Esplanade, MOA Complex, Pasay City attended by officers of cooperatives under the CDA Manila Extension Office, in coordination with the Regional Cooperative Development Council-National Capital Region, and the Metro Manila Association of Cooperative Development Officers.

Castillo also mentioned that CA plans to establish at least one showcase of cooperative enterprise development per province in the next six (6) years.

CDA will also institute a system of monitoring  and evaluating the operation of medium and large cooperatives; and will lay the groundwork for the creation of a Cooperative College.

Castillo said he presented a working paper during the August 20, 2014 joint staff and Board of Administrators' meeting when he assumed his post as CDA Officer-In-Charge Chairman.

He cited in his CA Integrated an Comprehensive Plans and Strategies, that cooperatives are pivotal in achieving inclusive growth, due to the following reasons:

1.  Cooperatives draw the poor to the mainstream of socio-economic development of the country.

Due to the self-help initiatives of cooperatives, the poor are given the opportunities to poor talent, resources and businesses which create investments, build assets and equity of members; as well as empower the poor to be active participants to nation-building;

2.  Cooperatives generate employment.  The poor, whose talents and skills cannot be absorbed by industries, are given employment by creating self-help enterprises;

3.   Cooperatives through their self-help initiatives and principles of continuous education and training help build the country's human capital, a critical requirement for increasing national resources productivity.

Castillo said that CDA is now well on its way in coming up with a detailed program, providing among others for:  strategies for developing cooperatives; strategies for regulating cooperatives; and strategies for developing support services and regulation of cooperatives.  

"We are optimistic that these goals can be achieved with the full support and cooperation of all stakeholders, including all the cooperatives for which advancement and benefits these goals are dedicated to,"  Castillo emphasized.

"Let me assure you of the CDA's ever-burning zeal and enthusiasm as we continue to join hands in formulating more plans and policies that would lead to an absolutely empowered cooperatives, as prime contributors for the realization of ideal economic development and the achievement of social justice,"  he concluded.  (END).

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