A Cooperative Story

  • Page Views 597
  • A COOPERATIVE ESTABLISHED ON NEED

    One day, a group of rural development workers decided to form a
    cooperative in a low-income municipality.

    The only purpose was to have a PAUTANGAN during the “hora de peligro” a day or two before payday. Pambili ng bigas, ulam o gatas ni beybi. 20 joined. They all paid membership fees and started building their membership shares. 20 pesos, 50 pesos. After a few months of “capital build-up”, the first loan was approved and released. No feasibility study, no systems and procedures in place. The credit policies and procedures were torn from their training materials.Capital was rolled on. The unregistered self-organized,
    self-initiated’ informal “credit union” went to business. It became
    the PAUTANGAN NG BAYAN. Members got their dividends and patronage refund. Three years later, they had 1,000 members. They expanded to the other municipalities. Even the mayors became members.

    INSIGHT: The people who joined were looking for a particular benefit, value, vision, etc — but never was this question asked: KIKITA BA ‘YAN? — which they found in this informal credit facility. The members were property- less so they could not go to the rural bank. They used the 5/6, and knew they suffered financially more because of their “kapit-patalim” situation. They had no other choice. But they “invested” their meager savings in THEIR OWN PAUTANGAN because it fulfilled a need, and their “investment” eventually provided some returns.
    I was a part of that story.
    And there are many more in FilCo-op who have a story to tell.

    -from a Co-op Practitioner

    The One Filipino Co-operative of BC, the first ever Filipino Co-operative Organization in BC was launched on October 31, 2009. The Co-op’s objective is to enhance the lives of the members, our kababayans, and support one another through cooperative effort or bayanihan.  It is founded on the principles of self-help, responsibility, equality, democratic governance, focus on services to members, equitable distribution of benefits and earnings, and commitment for community growth and development.

    FilCo-op’s Programs and Services includes Pahiraman ng Bayan Micro Lending Service, FilCo-op Iremit Padalahan ng Bayan Money Remittance Service,  Pauwi ng Bayan Fly Now Pay Later, Damayang Pinoy Program, Job Posting and Networking Services, Business Partnership and Referral Services and Social Development Program.

    Para sa mga nais sumali at maging isa sa may-ari ng One FilCo-op, please call/ text: 604-780-2061 or email filcoopbc@yahoo.ca . You can visit the website www.filcoopbc.com .

    Matutulungan ka na, Makakatulong ka pa.

    Kayang-Kaya Kung Sama-Sama!”

    Share

    New Posts Recently publish post More

    • 09 December 2017
      3 days ago No comment

      Statement from the office of the late Senator Tobias C. Enverga, Jr.

      December 7, 2017 Ottawa, ON On behalf of the Enverga family, I wish to convey sincere thanks for the outpouring of love, support, and prayers given in the days following the passing of the Honourable Tobias C. Enverga, Jr. The family would like to thank the more than 7,000 ...

    • 06 December 2017
      6 days ago No comment

      City of Surrey and Statistics Canada Partner on Opioid Data Collection and Community Response Project

      For immediate release: Dec. 5, 2017  Surrey – There is a broad range of people who suffer from opioid use disorders and the lives that are being claimed by the overdose crisis is revealing that a significant number of the deaths are occurring in residential locations and in private. Understanding the factors ...

    • 03 December 2017
      1 week ago No comment

      Kisses is now a Star Pop artist

      PBB Lucky Season 7 2nd Big Placer Kisses Delavin finally introduced her highly anticipated debut album Kisses under Star Pop, Star Music’s new sublabel for the young market, to a jam-packed crowd at SM North EDSA Skydome recently. The rising teen star pepped up the show with an opening ...

    • 03 December 2017
      1 week ago No comment

      Michael V preparing for his inevitable exit from ‘Bubble Gang’

      For the past 22 years, Michael V has been the binding force of “Bubble Gang,” for which he works not only as an actor, but also a creative director. While having the long-running gag-comedy show without him is almost unimaginable, he knows that, at some point, he would have ...

    • 03 December 2017
      1 week ago No comment

      PBA in turmoil as Narvasa divides Board

      NOVEMBER 2017 SPECTATOR   THE PBA (Philippine Basketball Association) is in turmoil, all because of PBA Commissioner Chito Narvasa. No, the country’s No. 1 sporting entertainment is not losing money. But the league’s 7 breakway governors want Narvasa out. That’s when the trouble began. The Suicidal 7 could not ...

    %d bloggers like this: