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PIA Press Release
2006/10/26

CDA chief claims prospects of cooperativism in Samar promising

By Eli C. Dalumpines

Catbalogan (26 October) -- There may be ups and downs in its annals since adopted and practiced here but generally the trend of the cooperative movement in Samar shows a lot of promise.

This is the observation aired by the Cooperative Development Officer here, Dr. Asela Cabanas, in an interview during “Huruhimangraw” over DYMS-Aksyon Radyo Thursday morning.

According to Cabanas, two cooperatives have been added to the list of “Millionaire Cooperatives” in the province for this year from the list of ten last year. Cabanas identified OCCI and SAMICO as the newly recognized cooperatives that have over P1million operational capital.

She, however, informed that of the more than 500 cooperatives that registered with the Cooperative Development Authority (CDA), only 56 are in active operation at present.

The CDA chief noted though that these cooperatives that are doing very well and are raking profits while in the process of assisting their members in starting livelihood.

Cabanas cited the newly-organized Rebel Returnees Credit Cooperative as one of the most promising credit cooperatives in the province. She said the group started with only P5,000 capital but grew to some P350,000 in the period of two years.

In one of their meetings Cabanas said she recalled having overheard one of the rebel returnees saying that with the livelihood he is engaging now (the man being a tricycle operator) he will never again entertain the idea of joining the revolutionary movement.

“The good thing about cooperativism is, if it works, it can change the outlook of a person,” she commented.

Cabanas underscored the support of the local government officials in ensuring the success of cooperatives in the country citing the case of Puerto Princesa City in Palawan where cooperativism is flowering due to the full support of City Mayor Edward Hagedorn. (PIA-Samar) [top]

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