Sunday, October 19, 2014
REP. CRESENTE PAEZ BARES CO-OP GAINS
COOP-NATCCO Party list Rep. Cresente C. Paez cited the current status of the cooperative sector, while enumerating its contribution to the country as well as the gains achieved in the recent years.
At the opening day (Oct. 16, 2014) of the 12th National Cooperative Summit, Rep. Paez delivered his "Call to Action" speech, in response to the ICA Blueprint 2020, the Cooperative Development Authority's (CDA) Vision 2020, and the Philippine Cooperative Center's 2020 Strategy.
Some excerpts are as follow:
"...If our co-ops were a Region, it would be the second largest in the country, next only to Region IV-A (CALABARZON), but bigger than NCR (National Capital Region);
Our co-ops, as a business sector, represent P438-billion in economic activity, perhaps, ranking itself within the top 100 corporations.
If our co-ops were a corporate body, it would have the largest number of stockholders at 12.6-million members.
If our co-ops were a single employer, it would be outranking many big corporations in the country with our 259, 527 employees.
BETTER IN ETHICS
While big corporations made profits by the billions out of contracts with our government and of their market power with the ordinary people, we are a better model of business in ethics and accountability.
OPEN FOR BUSINESS
IN THREE DAYS
In disasters, co-ops stand together stronger. Banks opened their branches 3 months after the Yolanda typhoon. Our co-ops opened their offices 3 days after the typhoon to service members' deposits.
IN THREE DAYS
It took 2 to 3 months to restore electricity after the typhoon; co-ops installed power generators at their offices 3 days after the typhoon to service their members.
We now have a Disaster Resiliency Fund put up by NATCCO and VICTO National, with counterpart funds from international cooperative partners.
There is now an emergency development effort among the Cebu cooperatives to showcase as a co-op business model: 1) the 1,000 hectare CacaoSugbo; 2) FONUS Funeral Service; 3) P120-million SIDCI-NFAC Feed milling facility.
The biggest consolidation of banks that ever happened to the banking industry is the consolidation of six (6) co-op banks into a Network Consolidated Co-op Bank (NCCB) with equity from BSP/PIC, and LBP.
320,000 CHILDREN IN
Under the Aflatoun Program, there are now 320,000 children on social and financial literacy, now making deposits with out 105 partner co-ops, amounting to P66.47-million. These children were trained by 5,000 teachers..." (END).