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PIA Press Release
2010/06/25

Laak coop is most progressive ARB org in Region 11

by Sharon T. Flores

Nabunturan, Compostela Valley (25 June) -- Laak Multi-Purpose Cooperative (LAMPCO) formerly known as Mangloy Multi-Purpose Cooperative (MAMPCO) is the Most Progressive Agararian Reform Beneficiary Cooperative in Region 11 according to Rodel Lagayan, Team Leader of the recently conducted National Validation and Evaluation at the coop site in Brgy. Kilagding, Laak, Compostela Valley.

"Of the provinces who submitted their Most Progressive ARB Organization, the team has chosen LAMPCO of the province of Compostela Valley to vie for the Most Progressive ARB Organization award for Mindanao Island versus an equally successful ARB cooperative in Zamboanga del Norte," Lagayan said.

During the validation and evaluation, Caridad Aribe, general manager of LAMPCO presented the cooperative's profile. According to Aribe, LAMPCO was organized on August 8, 1986 by 15 agrarian reform beneficiaries of Davao Settlement ARC No. 2 in Laak. They were hopeful and eager in pursuing progress by pooling their limited resources so with the sum of P700.00 as capital outlay, a small sari-sari store was opened.

"Our first main office was located at Brgy. Mangloy, Laak, Compostela Valley where the first seed of cooperation among the constituents of Brgy. Mangloy had sprouted, until such time that branches in Poblacion Laak and Brgy. Kilagding were into operation to cater the needs of other members in the municipality of Laak," Aribe said.

"With the fusion of Aguinaldo MPC, Kidawa MPC and langtud Development Coop in MAMPCO, its 4-unit consumer stores became seven (7) units and from manpower of 25 employees, it has grown to 110 employees at present, serving and extending the daily routine works of the cooperative." Aribe added.

She further said that because of the expansion, they decided to rename it as Laak Multi-Purpose Cooperative as the name depicts its extended arm reaching even the far-flung barangays of Laak with their four (4) branches: Mangloy, Laak, Kilagding & Kidawa, (4) satellites: Aguinaldo, Langtud, Pagwas & Sawata) and four (4) major operations: Consumer, Savings & Credit, Marketing & Services (milling, trucking/hauling, drying, farm tractor and shelling services).

"From manpower of 25 employees, it has grown to 110 employees at present and from a mere capital of P700.00 in 1986, LAMPCO to date has a total member's equity of P29.8 million and total assets of P89.2 million," Aribe proudly declared.

The result of the said validation and evaluation will be revealed before the scheduled Awarding Ceremony on June 25, 2010 at SM Mega Mall in Metro Manila. The DAR provincial office of Compostela Valley together with LAMPCO and its members are hopeful that they will bring home the bacon. (DAR-XI) [top]

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