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PIA Press Release
2006/09/20

CDA bares dissolution of 43 coops

By Mai Gevera

Davao City (20 September) -- The Cooperative Development Authority (CDA) approved the dissolution of forty three (43) cooperatives in Davao City and the province of Davao del Sur.

The most common violation that paved way for its dissolution is their s failure to file the required Annual Report and Audited Financial Statements. Most of these cooperatives were found to have failed to do business.

The cooperatives which were issued Order of Dissolution by the CDA are the following: Basic Aggregates Coop, Barangay Mudiang Consumers Coop, Barangay Malabog Consumers Coop, Barangay Buhangin Consumers Coop, Bucana Fishermen Development Coop, Bunawan Al Akbar Multi-Purpose Coop, Agdao District Teachers Credit Coop, Alsa Masa Gotamco Equitable Society Coop, Buhangin Centro Credit Coop, Brgy Duterte Consumers Coop, Buhangin Dev't Coop, Agdao District Coop, ABMS Farmers Credit Coop, Agdao Urban Poor Coop, Bugac Senior Citizens Multi-Purpose Coop, Brgy Mahayag Consumers, Brgy Paciano Bangoy Coop, Blessing Coop, Antioks Group Multi-Purpose, Apo Baon Tribal Multi-Purpose, Access Livelihood & Dev't Multi-Purpose, ACCII-RAFCI Multi-Purpose, Birsaba CVO Credit, Agdao Kauswaga Micro Lending, Brgy Buhangin Consumers Coop, Accelerated Dev't of Agdao Inhabitants Multi-Purpose, Baguio Small Coconut Farmers Coop, Foam Coop Trading Store, Talandang Small Coconut Farmers Coop, Davao Federation of Credit Coop, Multi-Purpose Coop, La Suerte Consumers Farmers, Balite Irrigators Multi-Purpose, Bala Banana Growers Multi-Purpose, Asbang Multi-Purpose, Bangkal Multi-Purpose, Aplaya Multi-Purpose, PNP Multi-Purpose, Talas Multi-Purpose, Davao del Sur Integrated Federation of Coop, Cabligan Christian Multi-Purpose, Matanao Public Market Vendors, and United Farmers Coop. (PIA XI) [top]

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