Cooperatives celebrate movement’s 100th year

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The cooperative movement in the Philippines turns 100 this month of October 2015.

As twenty-one active cooperatives in Tacurong City started the celebration on September 30, Cooperatives Development Authority (CDA) Regional Director Amenodin Elias challenged them to be relevant in the communities.

“Cooperatives must find their community relevance in the changing times. Isipin natin na habang yumayaman ang koooperatiba, umuunlad din ang buhay ng mga members nito,” he stated.

“Think of service before profit,” added RD Elias.

Good news for cooperatives in the city was also announced. The Sangguniang Panlungsod had approved to raise cooperatives’ maximum loanable amount from the City Government. Cooperatives can now loan a maximum of P300,000 every year without interest. Previous maximum loanable amount was only P200,000.

The event gathered members of cooperatives working in different sectors such as agriculture, academe, government bodies, and peoples’ organizations.

During the program, cooperatives were also able to express their strong opposition on the planned abolishment of tax exemption privileges for CDA-registered cooperatives.

CDA and LGU-Tacurong through its Office for the Development of Cooperatives spearheaded the Coop Month celebration themed Kooperatiba: 100 Taong Pagpupugay, Tulay sa Maunlad na Buhay. (Jez Billano-Fabreag, LGU Tacurong City)

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