annual growth rate is recorded in 2001 at 50.

28%, when
COOPERATIVE DEVELOPMENT:
1997-2004
Cooperative Classification by Business Activity
From 1997-2004, Cooperative Development in City is
working through the six major types of cooperatives based on
their nature of activities, services orientation and purpose of
existence, and they are categorically classified as credit,
consumer, marketing/producer, service multi-purpose and
federation cooperatives. Generally, cooperative
development as a sub-sector in City’s local economy is
reportedly increasing by 308 institutions annually as reflected
in the average annual growth rate of 15.28%. The highest
CO Table 1: Number of Cooperatives By Classification, Manila
1997-2004
cooperatives as a sector gathered 91 additional
cooperatives. Incidentally, unlike other economic indicators,
the highest annual growth rate generated that supposedly
reflective of the highest increment in terms of number of
cooperatives in a given year or period does not follows here.
Table CO-1 & 2 show that the highest annual growth rate is
accomplished in 2001 at 50.25%, while the highest annual
increment generated is 140 additional cooperatives in 2003
at 42.17% annual growth rate. Moreover within the 8 years
period, cooperatives movement is generating positive growth
rates except in year 2000, when approximately 46
cooperatives ceased their operations and reported a
negative annual growth rate of (-20.26%).
The largest cooperative movement in terms of the
total

TYPES OF
1997 1998 1999 2000 2001 2002 2003 2004
COOPERATIVE

CREDIT 67 66 58 47 65 76 102 106

CONSUMER 15 12 8 6 9 14 18 18
MARKETING 1 1
PRODUCER 3 3 1 1 2 3 4 4
SERVICE 12 7 6 3 6 16 25 31
MULTI-PURPOSE 119 129 154 124 185 222 314 340
FEDERATION 5 1 8 8
TOTAL 216 217 227 181 272 332 472 508
Source: Cooperative Development Authority

50
number of cooperatives is the multi-purpose cooperative.
Multi-purpose cooperative covers the 66% of the entire
cooperative operation. It literally affects the ups and downs
movement of the entire sector, Table CO-1 shows that the
decreased in total number of cooperatives in 2000 is 65%
caused by multi-purpose cooperative, likewise the entire
sector’s highest increment achieved at 140 cooperatives in
2003 is 67% multi-purpose driven increment, it is statistically
responsible for an additional 92 cooperatives. The records
show that where the multi-purpose cooperative goes the
CO Table 2: Cooperatives By Classification, Manila
Annual Growth Rate : 1997-2004
entire cooperative movement as a sector goes as reflected
in Table CO-2. Multi-purpose cooperative registered an
average annual growth rate of 18.17%, meaning the
movement is increasing by almost 27 cooperatives every
year. Its highest recorded annual growth rate ever achieved
is posted at 41.44% in 2003 for accrediting 92 additional
cooperatives, while the lowest and lone negative growth rate
incurred by this particular movement is reported at (-19.48%)
for losing 30 operational cooperatives.

TYPES OF
1998 1999 2000 2001 2002 2003 2004
COOPERATIVE

CREDIT (1.49) (12.12) (18.97) 38.30 16.92 34.21 3.92

CONSUMER (20.00) (33.33) (25.00) 50.00 55.56 28.57 0.00

MARKETING
PRODUCER 0.00 (66.67) 0.00 100.00 50.00 33.33 0.00
SERVICE (41.70) (14.29) (50.00) 100.00 166.67 56.25 24.00
MULTI-PURPOSE 8.40 19.38 (19.48) 49.19 20.00 41.44 8.28
FEDERATION (80.00) 700.00 0.00

Annual Growth 0.46 4.61 (20.26) 50.28 22.06 42.17 7.63

Source: Cooperative Development Authority
51
 The second largest cooperative movement is credit
cooperative, which caters for the 24.21% of the entire
cooperatives operation. Credit cooperative established an
8.68% average annual growth rate reflecting an almost 5
cooperative increases per year. The highest generated
annual growth rate is shown at 38.30% for having 18
additional cooperatives, while the worst annual growth rate
experienced is reported in 2000 at (-18.97%) for the closure of
11 credit cooperatives. The biggest reported increment in
this particular movement registered at 26 additional
cooperatives in 2003 at 34.21% annual growth rate.
The other cooperatives whose activities are felt in the
industry are consumer and service cooperatives. These
cooperatives are now taking the third spot as they share to
the top three largest cooperative for having 4% of the total
cooperative operation. The contribution of the two
cooperatives in terms of numbers and operations are
insignificant compare to multi-purpose and credit
cooperatives, although their annual growth rates from 2001
up to 2004 are picking up consistently and even bigger than
the credit cooperative, the second largest cooperative.

CO Fig. 1
Types of Cooperatives, Manila
Percentage Distribution: 1997-2004

MULTI-PURPOSE
66%

SERVICE
4% CREDIT
24%

PRODUCER
1%
FEDERATION
MARKETING 1%
CONSUMER
0% 4%

52
 CO Fig. 2
Types of Cooperative, Manila
Average Annual Growth Rate: 1997-2004
Percent
88.57

90.00

80.00

70.00

60.00

50.00
34.42
40.00

30.00 18.17
16.67 15.28
20.00 8.68 7.97

10.00 0.00

0.00
1
CREDIT CONSUMER MARKETING PRODUCER SERVICE MULTI-PURPOSE FEDERATION Total

53
 Types of Cooperatives, Manila
Annual Growth Rate: 1997-2004
Types of Cooperatives

FEDERATION

MULTI-PURPOSE

SERVICE

PRODUCER

MARKETING

CONSUMER

CREDIT

(100.00) 0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00

Percent
1998 1999 2000 2001 2002 2003 2004

54
Economic Growth of Cooperatives
From 1997-2004 Cooperative movement as a sector is a
multi-billion pesos industry, in 1997 alone, the sector generated
the gross economic growth of 2.55 billion pesos and it
continues to increase by 3.7 billion pesos. Gross economic
growth includes the accounts of the following indicators
namely; paid-up capital, savings deposits, total assets and
volume of business. The gross economic growth of
cooperative registered 163.67% growth rate from 1997 up to
2004, generating an approximately 29.295 billion increased.
The highest gross economic growth reported in 2003 is 38.852
billion pesos, the same year where total assets and volume of
business reached their highest recorded accounts at 17.7 and
12.28 billion pesos, respectively. Also in 2003, the highest
average gross economic growth per cooperative is posted at
82.5 billion pesos, higher than the reported average annual
gross economic growth posted at 29.17 billion pesos.
In eight years span the accounts of paid-up capital in
1997 increased to 3.079 billion pesos in 2004 from 437 million
pesos, it is accounted for an average annual growth rate of
CO Table 3: ECONOMIC GROWTH OF COOPERATIVES, In Million Pesos
1997-2004
91.33%. Specifically the figures of paid up capital is increasing
by 330 million peso annually. The big leap in paid up capital
accounts incurred in 2003 when it registered 5,373 billion pesos
increased as reflected in 602.35% annual growth rate shown in
CO Table 4. However, in 2004 paid up capital suffered a
negative growth rate reported at (-50.85%). The reported
average annual paid up capital per cooperative from 1997
up to 2004 is 4.49 billion pesos, this is very far below than the
13.27 billion pesos annual paid up capital per cooperative
reported in 2003.
Cooperative savings deposits reached as high as 2.7
billion pesos in 2003, this is the highest savings deposits
reported by the sector. Savings deposits has 140.14%
average annual growth rate from 1997 up to 2004, it is
accounted for 142 million pesos annual increases. Average
annual savings deposits’ per cooperative is estimated at
1.95 billion pesos. Among the indicators of economic growth
of cooperatives, savings deposits got the biggest setback in
growth rate report for incurring a huge decrease amounting
to 1.475 billion pesos in 2004.

GROWTH INDICATORS 1997 1998 1999 2000 2001 2002 2003 2004

PAID-UP CAPITAL 437 559 653 575 890 892 6265 3,079
SAVINGS DEPOSITS 118 158 145 84 742 742 2731 1,256
TOTAL ASSETS 822 1,399 1,712 915 2,253 2,255 17,665 16,795
VOLUME OF BUSINESS 1,180 1,399 1,199 498 1,567 186 12,277 10,722
Source: Cooperative Development Authority
55
 Cooperative total assets surprisingly entered into a multi
billion peso account since 2001, it started from 437 million
pesos account in 1997 to 2.25 billion pesos in 2001. Total assets
is increasing by 1.997 billion pesos annually, reflected at
124.35% average annual growth rate from 1997 to 2004. The
estimated average annual total assets’ per cooperative is
13.55 billion pesos. The highest average total assets’ per
cooperative is reported in 2003 at 37.43 billion pesos. In 2004,
total assets incurred a negative annual growth rate of (-
4.92%), even in this situation and among the economic growth
indicators of cooperative, total assets bested its counterpart in
terms of economic growth rates.

CO Table 4: ECONOMIC GROWTH OF COOPERATIVES

Annual Growth Rate, 1997-2004

GROWTH INDICATORS 1998 1999 2000 2001 2002 2003 2004

PAID-UP CAPITAL 27.92 16.82 (11.94) 54.78 0.22 602.35 (50.85)

SAVINGS DEPOSITS 33.90 (8.23) (42.07) 783.33 0.00 268.06 (54.01)
TOTAL ASSETS 68.98 23.25 (46.55) 146.23 0.09 683.37 (4.92)

VOLUME OF BUSINESS 18.56 (14.30) (58.47) 214.66 (88.13) 6500.54 (12.67)

Source: Cooperative Development Authority

56
 Economic Growth of Cooperatives, Manila
Average Annual Growth Rate: 1997-2004

Percent 937.17

1000.00

900.00

800.00

700.00

600.00

500.00

400.00

140.14 124.35
300.00
91.33
200.00

100.00

0.00
PAID-UP CAPITAL SAVINGS DEPOSITS1 TOTAL ASSETS VOLUME OF BUSINESS

57
 Economic Growthof Cooperatives, Manila
Estimated Annual Increases In Million Pesos, 1997-2004

Percent
1,996.63

2,000.00

1,800.00

1,600.00

1,400.00 1,192.75

1,200.00

1,000.00

800.00

600.00
330.25
400.00
142.25

200.00

0.00
PAID-UP CAPITAL SAVINGS DEPOSITS TOTAL ASSETS VOLUME OF BUSINESS

58