CHECKERED FARM AGRARIAN REFROM BENEFICIARIES MULTIPURPOSE

COOPERATIVE (CFARBEMPCO) SUCCESS STORY

The CFARBE Multipurpose Cooperative is a recipient of Gawad Parangal for Most

Outstanding Performance by a Primary Cooperative - Medium Category. Ranked 1 for IT
- Enabled Maturity Assessment (ITEMA) Regional Level in ARBO’s Category and Ranked
55 for Top 100 Agrarian Reform Beneficiary Organisations in the Philippines. Also a
Provincial and Regional awardee in the Gawad Saka Search for Outstanding Agri-
Achievers of Davao del Norte.

COOPERATIVE HISTORY

The Checkered Farm Agrarian Reform Beneficiaries Multipurpose Cooperative was

conceptualised by a group of farmers with a 220 hectare Banana Plantation once owned
by Checkered Farm Inc. (CFI). The CFI was able to own the land they were tilling and
became an Agrarian Reform Beneficiary in 1995.

The 170 Agrarian Reform Beneficiaries formed a cooperative and registered with the
Cooperative Development Authority (CDA) in February 22, 1996, with the name
CHECKERED FARMS AGRARIAN REFORM BENEFICIARIES MULTIPURPOSE
COOPERATIVE (CFARBEMPCO). After registration, the Cooperative entered into a
Marketing Agreement-Growership contract with the former land owner which started out
rough for both the cooperative and the farmers.

However, their difficult situation did not stop them from pursuing the ultimate goal of
stability and success. The Cooperative collaborated with other neighbouring ARB Coops
with the same situation and received assistance from the FARM COOP under the
leadership of Atty. Koronado Apuzen in the running the plantation until the Cooperative
was able to abrogate the contract and sign a new Freight on board (FOB) agreement
favourable to both parties.

Today, the CFARBEMPCO leads the ARBO’s Coop in exporting volumes of quality
Bananas which are comparable with the Multinational Companies in the Philippines.

CFARBEMPCO PROFILE

A. Cooperative Identification Number (CIN): 0104111244

B. Name of Cooperative as of latest Amendment: CHECKERED FARM AGRARIAN

REFORM

BENEFICIARIES MPC
(CFARBEMPCO)
C. Registration Number: 9520-11001571

D. Date Registered:
Original Date of Registration : February 22, 1996
Registration Date under R.A. 9520: 9520-11001571

E. Business Permit
Business Permit Number 1389-2019

Date Issued January 18, 2019

Amount Php 1,050.00
F.

F. Present Address of Cooperative: Purok 3, Tibungol, Panabo City Davao del

Norte
G. Category of Cooperative : Primary
H. Type of Cooperative: Agrarian Coop/Multi Purpose
Cooperative (MPC)
I. Common Bond of Membership: Occupational
J. Date of General Assembly: March 22, 2019
K. Quorum Requirement: 75%
L. Fiscal Year : January to December
M. Area of Operation: Municipal
N. Business Activities: (Please specify)
Cavendish Banana Production
Lending, Consumer
N1. Products/Commodities: Exportable Fresh Bananas
N2. Services Rendered (please specify): Credit Services, Cosumer
N3. Annual Volume of Business:

Business Activity Amount

Banana Production P 174,012,220.09

Lending P 33,731,700.00
Consumer P 3,120,196.15
 Total P 210,864,116.24

O. Information on Number of Employees

Current Total

Particulars Male Female

Salaried Personnel-Mgt . Staff 13 10 23

Salaried Personnel-Workers 100 61 161
Total 108 61 184

P. Contact Person
a. Name: Carmela B. Pedregosa
b. Designation: Manager
c. Phone Number: 0999-884-8689
d. Fax Number: None
e. Email Address: cbpedregosa@yahoo.com

Q. Information on Membership

For Primary For Secondary For Tertiary Total

Particulars
Male Female Primary Secondary Total

No. of Regular members 60 17 77

No. of Deceased members 10 0 0 0 10

No. of New members 2 8 10

(Replace for Deceased)
No. of Associates members 1 5 0 0 6

Total No. of Members 63 30 0 0 93

Target/Potential 0 0 0 0 0
Membership

R.1 Membership Composition: (Please Specify)

 Composition No.

Agrarian Reform Beneficiaries (Banana Growers/Farmers) 77

Associate Members ( Staff & ARB Dependents) 16

T..Certificate of Tax Exemption/Ruling

CTE No. COOP 00044-16-RR-19-RDO 112

Date Issued August 1, 2016

Validity July 31, 2021
TIN 004-424-309-000

U. Information on Capitalization
Particuars Common Preferred Total

Authorized Capital 0.00 85,000,000.00

Subscribed Capital 36,763,000.00 0.00 36,763,000.00

Paid-up Capital 26,321,247.84 0.00 26,321,247.84
Deposit for Capital Subscription

Par Value per Share 100.00 0.00 100.00

Treasury Share 0.00 0.00 0.00

V.. Information of Actual Taxes Withheld/Remitted to BIR

Particulars Total

Employees Salary/Compensation 0.00

Honorarium 85,500.00
Interest on Share Capital 0
 Other Taxes, Pls. specify-Suppliers /Business Permit&Linceses, RPT/Suppliers 888,679.65

W. Information on Statutory Reserves

Particulars Amount Utilized for the Year Accumulated Balance

General Reserve Fund 5,800,805.41

CETF

CETF-Local 253,953.00 1.26

Remitted to Federation/Union 0.00 0.00

Community Development Fund 148,776.71 3,666.22

Optional Fund 1,370,780.00

SERVICES TO MEMBERS AND THE COMMUNITY

The Cooperative involved itself in a following Community Orientated Programs, viz:

1. Bloodletting
2. Brigada Skwela
3. Feeding Program
4. Medical Program
5. Election
6. And other Local Government related activities

All of which cemented the interest in making the community stronger and progressive.

SUCCESS OF THE COOPERATIVE

Ultimately, the success of the Cooperative is also the success of its members. Today, almost every
member earn sufficient income for them to have a stable and healthier way of living. Below are
some of the images that shows the Cooperative’s success, viz:
 MEMBER’S HOUSE. MEMBER’S HOUSE.

NOW BEFORE
COURTESY PHOTO WITH THE MEMBER’S HOME. COURTESY PHOTO WITH THE MEMBER’S HOME.

For the years to come, CFARBEMPCO

consistently value the members and its stakeholders, as well as the people and its
community, and CFARBEMPCO will continue to prosper and grow with the guidance of
our almighty.