Professional Documents
Culture Documents
History
originally
Authority
PGA-
4477 on
September 3, 2002.
The
Cooperative
was
organized at
Divina Pastora Subdivision, Bayanihan, Gapan City at the house of founding chairperson Mrs.
Josefina S. Masilang . the 20 original Incorporators were from different places in Nueva Ecija
corresponding various profession and other livelihood activities.
The Initial capital of the Cooperative is twenty thousand (P20 000). At the beginning, the
cooperative is engage in the meat/fish processing, candle making and trading of fruits. A year
later the cooperative started to put-up a small grocery.
As the year goes by, the Cooperative continues the operations on lending business.
Coops Viability
Members Awareness
Social Responsibility
Cooperative Principles
Requirements:
How to become a member of the Cooperative
1. Approved by the BODs the application for membership.
2. Complete the Pre-membership Education Seminar (PMES) scheduled every
3rd Saturday of the month at 9:00 A.M.
3. Paid the Membership Fee of P200.00
4. Paid the initial Share Capital of P1000.00
5. Attend regular assembly meeting or special meeting if necessary
Some Follow up Questions:
1. What will be the benefits a member will receive if he/she joins in your Cooperative?
Mrs. Josefina Masilang replied: If a person becomes a member of our Cooperative he/she
will receive a dividend due to the initial payment of share capital of P1000.00. Also one can loan
money from the cooperative anytime in case of emergency.
2. Is the membership transferable? Why?
Mrs. Josefina Masilang replied: No it is not transferable. Once a member died, the
membership cannot be transferred to any member of their family or relatives because there is a
rule that every Cooperative must follow. There is a book called the bible of cooperatives that
they followed and it is based on the implementing Rules and Regulations on certain provisions of
RA 9520. But the membership fee of a member who suffered death can be recovered and can be
refunded by his/her son, daughter and a member of the family by legitimate process.
3. What is the number of their members including your officers?
Mrs. Josefina Masilang replied: The number of our officers is about in the minimum of 26
and as of now we have 72 members.
4. Is there any contribution for the politics?
Mrs. Josefina Masilang Replied: No, our Cooperative has no involvement or any
contribution in the politics.
5. How much already is your budget?
Mrs. Josefina Masilang Replied: Our budget for operation is about P100,000.00 but the 10
percent of it should be remain for the cycle of our cooperative.
6. The participation of your cooperative is voluntary or not?
Mrs. Josefina Masilang Replied: It is not voluntary, it is up to you whether you join or not
our policy you should be 18 years old and above in order to join in the cooperative.
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