Tuesday, September 30, 2014
Yes, one out of four cooperatives in the National Capital Region did not submit their year-end reports to the Cooperative Development Authority (CDA) for their 2013 operations.
This is according to CDA Dir. Noni Hernandez of the Manila Extension Office, in her report on the state/status of cooperatives in her area of jurisdiction.
She delivered the report during the 1st Metro Manila Cooperative Congress, held last September 26, 2014 at One Esplanade, MOA Complex, Pasay City.
She cited that in 2013, there were 2,380 registered cooperatives in NCR. Of this number, 195 are for dissolution; 253 are with show-cause orders (asking them to explain their violations and why their cooperatives should not be delisted); and only 1,632 are operating cooperatives.
Of these operating cooperatives, 432 failed to submit the mandatory year-end reports covering their 2013 operations, Dir. Hernandez added.
She also reported that cooperatives in the NCR have a combined asset base of P64-billion; and a volume of business of P62-billion in 2013.
Quezon City has the most number of cooperatives, while Taguig cooperatives have the biggest combined assets.
According to her, the common violations of cooperatives in Metro Manila are topped by non-compliance with CDA Memorandum Circulars, such as having no required registry of members; no required signage; and their cooperatives' budgets and development plans were not presented to/approved by their respective General Assemblies.
Other violations include the non-holding of annual elections; the copy of the audited financial statement was not presented to the General Assembly (GA); the GA was held not according to the date prescribed in the By-laws; the order of business of the GA did not follow that prescribed in the By-laws; and failure to secure surety bonds for their accountable officers, etc. (END).
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).
Posted by --F1llm0re at 12:39 AM
Labels: CDA Integrated and Comprehensive Program; Cooperative College, cooperative development authority, plans
Sunday, September 28, 2014
COOP-NATCCO Partylist Reps. Cresente C. Paez and Anthony M. Bravo have asked the Committee on Cooperative Development of the House of Representative to conduct an inquiry on the financial status of agri-fishery multipurpose cooperatives initiated by, and which received loans from the now moribund Quedan & Rural Credit Guarantee Corporation (QUEDANCOR).
More specifically, the proposed inquiry in aid of legislation, will be on SRT Tandag Agri-Fishery Multipurpose Cooperative, and on the intervention and rehabilitation efforts undertaken by QUEDANCOR.
In a report by SRT Tandag, it said that the SRT (Self-Reliant Team) Municipal Cooperatives were caused to be formed by QUEDANCOR "..to promote people empowerment and advocate enterprise development among its Self-Reliant Teams through business integration and organizational development..."
According to House Resolution No. 1491, after SRT Tandag Agri-Fishery Multipurpose Cooperative was formed and registered with the Cooperative Development Authority, a management contract was entered into with QUEDANCOR.
This, reportedly paved the way for the grant of loan accommodations which from 2005 to 2006 amounted to P8,403,300.
After two years of operation, the programs and projects showed declines and the loan delinquency reached 80% among the cooperative members, according to a report.
The total outstanding balance ballooned to P35,939,388.55 by 2014. However, the cooperative, reportedly, has a total asset of only P14,266,542.21 according to the audited financial report of 2013. (END).
Thursday, September 25, 2014
Tuesday, September 23, 2014
Good news to Transport Cooperatives !!
Existing transport service cooperatives will have until February 07, 2018 to comply with the minimum number of cooperatively-owned units/vehicles.
The deadline, first set under CDA Memorandum Circular No. 2013-12 (not 2013-13, as inadvertently mentioned in CDA Memorandum Circular No. 2014-04, dated August 16, 2014), had been extended by 3 more years, under the latter Circular.
The required minimum units were: Land- 1) Tricycle; Jeepney; Taxi; AUV/FX/Van- 5 units each; and Mini Bus/Bus, Trucks for Hire - 2 each.
For Water- 1) Ship; Ferry Boat; and Motorized Banca, one each.
Wednesday, September 17, 2014
Following is a preview of the "Ko-op Balita", a round up of news on cooperatives, for the Sept. 21 (Sun.), 1-3 p.m. edition of "Ugnayang Kooperatiba Para sa Bayan, Sa Radyo ng Bayan", aired every Sunday over DZRB 738 AM, Radyo ng Bayan.
1. 6 CO-OP BANKS MERGE.
Last September 8, 2014, the Network Consolidated Cooperative Bank formally opened, emerging from the consolidation of the following banks:
Cooperative Bank of Agusan del Sur; Cooperative Bank of Camarines Norte; Cooperative Bank of Leyte; Capiz Settlers Cooperative Rural Bank; Sorsogon Provincial Cooperative Bank; and Southern Leyte Cooperative Bank.
NATCCO was the "Stategic Third Party Investor", which promised not only to infuse fresh capital, but also to provide a linkage with other cooperatives and source market for the Network Consolidated Cooperative Bank.
2. COOP PARTYLIST REPS. HAILED
AS "FREEDOM OF INFO" BILL CHAMPIONS.
The "Right to Know, Right Now" Coalition in the House of Representatives, has hailed COOP-NATCCO Partylist Rep. Cresente C. Paez, and Rep. Anthony Bravo, as Freedom of Information Bill "champions", for authoring and supporting, along with over a dozen other Congressmen, the FOI Bill, in the House of Representatives.
3. METRO MANILA CO-OPS TO HOLD
CONGRESS, SEPT. 26.
The status of cooperatives in Metro Manila, and the launching of the development plans of various cooperative sectors in the National Capital Region will be among highlights of the "1st Metro Manila Cooperative Congress".
This will be held on September 26 at One Esplanade, MOA Complex, Pasay City, to be spearheaded by the Cooperative Development Authority-Manila Extension Office; the Regional Cooperative Development Council-NCR; and by the Metro Manila Association of Cooperative Development Officers.
This will also be the venue for the awarding of Gawad Parangal for the winning cooperatives in Metro Manila.
4. CO-OP MONTH CELEBRATION
READIED FOR OCTOBER
Preparations are all set for the annual celebration nationwide of 2014 Cooperative Month this October.
The Cooperative Development Authority has revealed this year's celebration theme: "KOOPERATIBA: Maaasahan sa Pagsulong ng Kabuhayan at Kapayapaan ng Bansa."
Among the highlights of the celebration is the holding of the 12th National Cooperative Summit on October 16-18, 2014 at Waterfront Hotel, Lahug, Cebu, where some 4,000 delegates from cooperatives nationwide will converge.
5. NAPC'S CO-OP COUNCIL SETS
GENERAL ASSEMBLY, OCT. 27.
New set of officers of the Cooperative Council of the National Anti-Poverty Commission (NAPC) will be elected and a New Agenda will be rolled out during the General Assembly scheduled to be held at Crown Galleria Hotel, Ortigas Center, Mandaluyong,Metro Manila.
Led by Daniel R. Ang, the Cooperative Council, has 25 members representing all regions of the country, including major cooperative organizations, and is one of the 14 basic sectors represented in NAPC, which coordinates the implementation of the country's anti-poverty program.
Note: "Ugnayang Kooperatiba.." is anchored by Popoy Pagayon; Rolly "Lakay" Gonzalo; and Andy Reyes. Greetings/questions may be texted to 922-845-1058. (END).