NEWS and ANNOUNCEMENTS
“Fast growth is dangerous;” “unusual is abnormal”; “being at par with others;” “maintaining the status quo;” “table for further study;” so and so forth are perspectives and are signs of complaisance. It is for convenience and to please others but member-owners of cooperatives expect from their cooperative to bring the bacon. The cooperative officer needs to transform to a perspective of intensifying their cooperative as a means to maximize and optimize the cooperative resources for the total benefits of its member-owners.
Big brother to small brother; alay sa kapatid; are practices derived from the Cooperation among Cooperatives principle. As part of its mission, the ACDI MPC, the largest two-digit billionaire cooperative is into salvaging cooperatives that are in the early stage of deterioration. One of its rescued cooperative is the Cooperative Bank of Mountain Province (CBMP).
Based on Monetary Board Resolution 314, the Bangko Sentral ng Pilipinas, issues a prompt corrective action (PCA) to restore a bank or financial institution when it is found to be in the early stages of non-compliance on bank regulations. The PCA issued to CBMP is to restore its Capital Adequacy Ratio and financial liquidity by raising the needed capital.
The CBMP had no recourse but certainly knew that the Cooperation among Cooperative principle was the answer to their capitalization inadequacy woes. And to raise the PCA required capital infusion of 17 million, CBMP invited primary member-cooperatives for a fresh investment. However, the raised amount from the primary investor-cooperatives was only 6 million. Still driven by the Cooperation among Cooperative principle, the CBMP’s remaining option was to seek outside investors; hence, it sought assistance from First Community Cooperative (FICCO).
The Saint Louis University – Saint Vincent Parish Housing Cooperative is a medium sized cooperative. It was a brainchild of SLU professors and Belgian Missionaries that was a breakthrough in housing cooperative in the year 1971. Though not a CDA Gawad Parangal nominee, but as a lead housing cooperative, its name must at least be itched in the CDA Newsletter. This is because housing cooperatives is just a word of mouth in the Philippine cooperative movement, but became a reality on a hill that was hard to imagine for a housing cooperative to start. The hilly mountain of Bakakeng in Baguio City is now a sprawling housing cooperative of the SLU-SVP Housing Cooperative that is ever expanding as shown in its aggressive land banking and developing of acquired of lots for distribution to would-be members. Martin B. Manodon
PURPOSE OF THE COOPERATIVE
Housing is one of the most pressing problems that we face in our country today and with the continuous population growth, there is a greater demand for shelter and houses that can be called “home”. Many people do not have their own houses because of difficulties in acquiring one. The most common reasons were expensive house and lots, increasing house rent, housing shortages and most of all poverty. Based on the study conducted by the National Housing Authority (NHA) the Philippines need 3.362 million housing units. The expected future need in relation to population growth is about 2.224 million housing units. Since the government solely cannot help every individual in need of housing and since not everybody can afford to own a decent livable house due to the expensive prices of owning a residential lot and the materials for house construction, one of the most inexpensive and sensible alternative is through the Housing Cooperative.
The BSU Orchidarium Multipurpose Cooperative is a winner in the 2017 CDA Gawad Parangal under the small cooperative category. It is cooperative engaged in propagating and selling of ornamental plants including the service of landscaping. It is located in the Benguet State University Compound and it scouting for a wider area for its increasing variety of ornamental plants.
The BSU Orchidarium and Ornamental Plants Growers Multi-Purpose Cooperative was conceptualized through a group of Ornamental Plant Growers to have a space to display their plants. In 1995, this group of plant enthusiasts were aspiring to have a plant center and one of them was Madam Leticia Consolacion, the wife of former Benguet State University president Dr. Cipriano C. Consolacion. Some BSU personnel who were also ornamental plant growers joined Mrs. Consolacion and they formed an association and named it as Plant Lovers. This group of BSU personnel were joined by outsiders with similar aspirations.