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PIA Press Release

DavNor gov urges families to join strong coops

by Noel P. Baguio

Tagum City, Davao del Norte (14 September) -- Citing the fund assistance package for cooperatives available under the government's microfinance program, Davao del Norte Governor Rodolfo P. Del Rosario enjoined every family to seize the opportunity and avail of these resources by first joining the cooperative movement.

"I want every family in the province, especially those below the poverty threshold, to take advantage of billions of pesos intended for livelihood projects and other economic opportunities available for the members of cooperatives," Governor Del Rosario stressed during the quarterly meeting of the 3rd Provincial Cooperative Development Council held recently at the Capitol Building.

The governor is also banking on the strong presence of Cooperative Development Authority Chairperson Lecira V. Juarez, who hailed from the component City of Panabo being the former manager of the Panabo Multi-Purpose Cooperative.

"We might as well make use of the presence of Ms. Juarez as CDA chairperson to seek generous support for our coops," Del Rosario added, stressing the need to increase the absorptive capacity of the local cooperatives.

However, Del Rosario asked his constituents to fully understand the attendant risk of failure in creating new cooperatives. Instead of organizing new coops, he encouraged them to join stable coops that have already carved their niche in the industry, such as the FOCCUS coops.

Cooperatives which are branded as Finance Organizations Achieving Certified Credit Union Standards (FOCCUS) are those that have become professionally and financially disciplined, having diversified membership, savings-based and are able to provide quality products and services to their members.

The governor further tipped off the local officials, particularly the members of the city, municipal and provincial cooperative development councils to check on the motive of newly-formed cooperatives that are applying for accreditation.

"Let us explain to them that the primary objective of the cooperative movement is to generate savings and not to borrow money. So, if their only intention in forming a new coop is to borrow, then I am hundred percent sure that such coop will certainly fail," he posited.

Acknowledging the role of cooperatives as effective vehicles in socio-economic progress, Del Rosario included the development of cooperatives as among the top priority of his administration. He puts much emphasis on the importance of financial assistance and capability-building such as progressive education and training assistance to teach coops how to manage their resources properly.

The governor recalled the province once pride itself to be the bastion of cooperativism in the region. The province had the most number of cooperatives but he lamented that now it has also the most number of dead coops.

Supervising Cooperative Development Specialist Engr. Humber Cabunoc bared that, as of last year, of the 1,092 registered cooperatives in the province, only 504 have stayed active while 370 have become inactive. Since 2004, the numbers of dead and unlocated coops have remained at 103 and 115, respectively. (PIA) [top]

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