Effects of Thrift and Credit

Societies on Enhancing
Members’ Living Standards
in Balamban, Cebu
A Research Paper

Presented to the Senior High School Department

Of Saint Francis Academy

Balamban, Cebu

In Partial Fulfilment of the Requirements for the

Research Project

By:

Fajardo, Dave Matthew

Rosario, John Joseph
Suico, Eumel June
Tijap, Llama Selina

March 2020
Date
Acknowledgement
First of all, we would like to acknowledge and thank the

following for letting this study be accomplished through their help

and making this research possible:

Most of all, we would like to thank the Heavenly Father for

guiding us during our research project. We are grateful and

thankful for Him for granting us the safety of our travels when we

undertook our interview and gave us the gift of good health, sound

mind, and dexterity to achieve our task.

This study would not have been accomplished without the

approval of our school principal Mrs. Nilda Lim and the school who

allowed us to do this kind of research.

We are also thankful to our subject teacher Ms. April Rose

Nipaya for providing us the knowledge and skills that highly

supported the study and for her enthusiasm in reviewing and giving

suggestions and corrections as we were doing this research work.

We are very much grateful for her patience and guidance that

significantly contributed to the successful completion of this study.

Then, we would like to express our appreciation to those

people whom we had work with for this project. To Sir Jorame

Pacaña, the Human Resource Manager of Don Bosco Network Muli-

Purpose
Cooperative, for his willingness to take part in this study and warm

accommodation during the process of our data gathering.

Especially, we are also thankful to the researchers for uniting

each one us to do the task well. To the following cooperatives for

their support and time they have showed to us with this activity,

thank you very much: Aurora Integrated Multipurpose Cooperative

(AIM Coop), Cebu People’s Multi-Purpose Cooperative (CPMPC), Don

Bosco Network Multi-Purpose Cooperative (DBNMPC), First

Consolidated Cooperative Along Tañon Seaboards(FCCT), Lamac

Multi-Purpose Cooperative

Lastly, we are also thankful to our parents and guardians for

their never-ending support, trust and inspiration throughout our

study. We thank you for giving us the permission to do our

interviews and for your understanding.

 Table of Contents
I. INTRODUCTION .......................................................1
A. Background of the Study......................................1
B. Statement of the Problem .....................................3
C. Theoretical and Conceptual Framework ...............3
1. Theoretical Framework ......................................3
2. Conceptual Framework ......................................5
D. Significance of the Study ......................................6
E. Scope and Limitations ..........................................7
F. Definition of Terms .................................................8
II. REVIEW OF RELATED LITERATURE ......................10
III. METHODOLOGY ..................................................20
A. Research Design ................................................20
B. Research Respondents .......................................20
C. Research Instruments ........................................22
1. Semi-Structured Interview ...............................22
2. Questionnaire ..................................................22
D. Research Environment .......................................23
E. Research Procedure............................................23
F. Data Analysis .......................................................24
IV. Results and Discussions .......................................25
A. Results ...............................................................25
1. Cooperatives in Balamban ...............................25
2. Demographics of the Selected Respondents .....26
3. Objectives of Cooperatives ...............................29
4. Reasons Why People Opt for a Cooperative
Membership............................................................34
 5. Analysis from the Cooperative Membership
Survey ....................................................................36
B. Discussions........................................................46
1. Overview of Cooperatives .................................46
2. Benefits of Cooperatives ...................................48
3. Impacts of Thrift and Credit Societies ..............52
V. Summary of Findings, Conclusions, and
Recommendations ........................................................56
A. Summary of Findings .........................................56
1. Values and Nature of Cooperatives ..................57
2. Different Services Offered By Cooperatives .......57
3. Impacts on Lives of Members ...........................58
4. Benefits of Cooperatives to the Community ......59
B. Conclusions .......................................................60
C. Recommendations ..............................................61
References ...................................................................63
 List of Tables and Figures

List of Tables
Page
1. Table 3-1. Respondents 21
2. Table 4-1 Respondents and length of operations 25
3. Table 4-2. Vision and Mission Statement 30
4. Table 4-3. Products and Services 32
5. Table 4-4. Aurora Integrated Multipurpose Cooperative 37
6. Table 4-5. Cebu People’s Multi-Purpose Cooperative 38
7. Table 4-6. Don Bosco Network Multi-Purpose Cooperative 39
8. Table 4-7. First Consolidated Cooperative Along Tañon Seaboards 40
9. Table 4-8. Lamac Multi-Purpose Cooperative 41

List of Figures (inc. charts, drawings, photos, etc.)

Page
1. Figure 1. Ross and Mitnick’s Agency Theory 5
2. Graph 4-1. Ages of Respondents 27
3. Graph 4-2. Occupation of Respondents 28
4. Graph 4-3. Length of Membership 29
5. Graph 4-4. Common Reasons for Choosing a Cooperative 34
6. Graph 4-5. Reason by Recommendation 36
7. Graph 4-6. Impact of Cooperatives 42
8. Graph 4-7. Cooperative Members Who Have Bank Accounts 43
9. Graph 4-8. Cooperative Loyalty 44
10. Graph 4-9. Member Satisfaction of their Cooperatives 45
 Abstract

This study aims to know, discover and understand the

impacts of thrift and credit societies on enhancing members’ living

standard in Balamban, Cebu. It also aims to find out the values and

nature of the cooperatives in Balamban and to know the different

services being offered. The researchers’ objective is to discover the

impact of those services and privileges offered by the cooperatives

with regards to the lives of their members. This leads them to

examine the different ways that the cooperatives are beneficial to

people’s lives especially to their communities. The researchers

came up with 5 main respondents that are currently located in

Balamban, Cebu. These respondents are cooperatives namely: AIM

Coop, People’s Coop, Lamac Cooperative, Don Bosco Network Multi-

Purpose Cooperative and FCCT. A face to face interview was

conducted upon gathering the significant data relevant to the study.

The results were divided into 4 important parts: background

information of the cooperatives, demographics of the selected

respondents, commonality of reasons of why people opt for a

cooperative membership, and lastly, analysis from the cooperative

membership survey. For the discussion, it was divided into 3 main

parts which were the: discussion of the overview of cooperatives, its

benefits being offered, and lastly, the impact of thrift and credit

society. This study reveals the many ways on how cooperatives can

help the community, the society as well as the economy while at the

same providing various services and privileges to their members.

 I. INTRODUCTION

A. Background of the Study

For the past decades, the cooperatives in Balamban have helped

the townspeople in plenty of ways. They have allegedly improved the

standard way of living of its members. Ebonyi and Jimo (2002)

described cooperative societies as associations of persons who have

voluntarily come together to achieve common objectives through the

formation of democratically controlled organization; making equitable

contributions to the capital required and accepting a fair share of the

risk and benefits of the undertakings.

Cooperatives catered a variety of services for its members. This

come in the form of time deposits, regular savings, and even loans.

The fact that cooperatives have been building strong role in impacting

the economy cannot be avoided. Even though tax-free, these

organizations offer a flexible business model that can be used by any

group of people who are interested in creating a democratic-decision-

making company that benefits all the members.

Unlike banks, they do not treat their members as clients. They

treat them as if they are also owners of the company. They fill gaps

that other private businesses ignore such as: provision of rural

1|Page
electricity or other utilities in sparsely populated areas, provision of

affordable health and organic foods; and access to affordable credit

and banking services, to affordable housing, to quality affordable child

or elder care, to markets for culturally sensitive goals and arts

(Nembhord 2014).

In another study by Logue and Yates (2005), cooperatives stabilize

communities because they are a community-based business anchors;

and distribute, recycle, and multiply local expertise and capital within

a community. Then with regards to that aspect, this study sought to

determine, study, and evaluate this part of impact on the members

and focuses on them. The effects of thrift and credit society on

enhancing members’ living standard is what this research is all about.

Balamban have been a first class municipality ever since the

establishment of Tsuneishi Shipbuilding Industries, the biggest

shipyard in the whole country, in 1994.

Without a doubt, Balamban is a fast-growing municipality that will

soon become a city. The existence of cooperatives also played a

significant role in that regards. Cooperatives like Don Bosco have

shown that through the shared contribution of capital they can engage

in activities that have helped their members. They have been providing

jobs for people and manpower for some companies as well as assisting

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 those who are wanting to start a business or a livelihood. If that is the

aim of every cooperative, then it is a subject worth studying.

B. Statement of the Problem

General Problem: This study aims to discover the improvements

regarding the living standards of the members of thrift and credit

society or commonly known as cooperatives in the municipality of

Balamban.

Specific Questions:

1. What are the values and nature of cooperatives?

2. What are the different services they offer?

3. What are the impact of those services and privileges offered by

the cooperatives regarding the lives of their members?

4. When can one say that cooperatives are beneficial to people’s

lives with regard to their communities?

C. Theoretical and Conceptual Framework

1. Theoretical Framework

Ross and Mitnick’s Agency Theory was propounded by Stephen Ross

and Barry Mitnick. This theory described the relationship between

principals and agents in business. It also explained how best to organize

relationships in which one party, called the “principal”, determines the

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work and in which another party, known as the “agent”, performs or

makes decisions on behalf of the principal. Two problems that this theory

addressed were: (1) when desires or goals of the principal and agent are

in conflict and (2) when principal and agent have different attitudes

towards risk. In some situations, an agent is utilizing resources of a

principal. Therefore, although the agent is the decision-maker, they are

incurring little to no risk, because all losses will be the burden of the

principal. This is most commonly seen when shareholders contribute

financial support to an entity that corporate executives use at their

discretion. The agent may have a different risk tolerance than the

principal because of the uneven distribution of risk.

Ross and Mitnick noted that there were a few tried-and-true ways

to resolve, or even avoid, agency conflicts. They suggest:

 Creating incentives for employees: If agents are acting in their

own interests, changing incentives to redirect these interests may

be beneficial for principals.

 Using standard principal-agent models: Financial theorists,

corporate analysts and economists create principal-agent models

to spot and minimize costs.

 Using agency theory, itself: Agency theorists use written

contracts and monitoring, to avoid agency problems.

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  Using the market for corporate control: The most frequent

example of market discipline for corporate managers is the hostile

takeover, in which bad managers damage shareholders' interests

by failing to realize a corporation's potential value, Ross said.

2. Conceptual Framework

Agency Theory

AGENT PRINCIPAL

CONTRACT

Effects of Agent’s utility

function, uncertainty, risk,
incentives, payoffs, agent’s
motivation, skill and effort, and
randomness.

OUTCOME

Figure 1.1. Ross and Mitnick’s Agency Theory

The figure shows the concept of Ross and Mitnick’s Agency Theory.

This served as the framework for this research study as it can enable the

researchers to point out the impacts of cooperatives (principals) and

clients (agents) to one another. The study examined the relationship

between the two as they cooperate and work with one another. No

cooperative can operate without members. Because cooperatives, unlike

banks, is an association of the members or the depositors which is also

serve as the clients. Everyone who has their money put into the

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cooperative is also a part-owner or shareholders of that cooperative. The

cooperative invests the money in other businesses and ventures facing the

risk and uncertainty for the sake of giving incentives and benefits to its

members (contract) but the question, “how can it affect whom?” arises as

this study continued to search for evidences with regards to the outcome

that can be seen or experienced when one chooses to invest in a

cooperative.

D. Significance of the Study

The fact that cooperatives are an important part of the economy cannot

be ignored. Like banks, they provide services to their clients and members.

Yet cooperatives, as a non-profit organization, they prioritize the welfare

of their members. This study sought to find out the impact of Thrift and

Credit Society on Enhancing Members Living Standard in Balamban. This

research paper was a great help to the future members of the cooperatives

in such way that it provided the information one must know before

starting up a membership to a cooperative and the benefits they could get

such as incentives, loans, and insurance covered by the cooperative. This

also helped the existing members of Thrift and Credit Society in knowing

the disadvantages and advantages of being a member in a cooperative and

to be knowledgeable about how a cooperative works and its processes.

This study was also a great help to the cooperatives itself in enhancing

relationships among its members and in implementing ways that could

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help members address economic problems. Moreover, this study also

helped future researchers to be aware and knowledgeable regarding thrift

and credit society. It was also a great help to the people of Balamban in

knowing the different locations of these cooperatives and in determining

which among them have better services and offers based on the data

provided by the researchers. It was also a useful reference and had served

as guide for future researchers who plan to make any related study. This

research study added more information to the existing body of knowledge

about the topic and bring forth certain recommendations.

E. Scope and Limitations

This research study was conducted in Balamban, Cebu. It focused in

finding out the impact of thrift and credit society with regards to the lives

of its members. Hence, it included discussions on the relationships of

cooperatives among its members and in maintaining effective ways to

prioritize the welfare of their members. The researchers limited their

respondents into 5 cooperatives only that are established in the locality of

Balamban in the conduction of their study.

This study involved interview to gather information. This interview

limited its questions to those answerable by the owners and members only

and did not go beyond any confidential data. The researchers focused only

on the effects of thrift and credit society on enhancing the living standard

of their members and the relationship of cooperative among its members.

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 The researchers may encountered certain problems upon conducting

this study. When owners ought to decline in the interview and when these

cooperatives were close by the time the researchers have reached the

interview part of their research for data gathering purposes.

F. Definition of Terms

The study used the following terms:

 Agent – are entities who perform or make decisions on behalf of

the principal.

 Capital Allocation – it refers to the distributing and investing a

company's financial resources in ways that will increase its

efficiency, and maximize its profits.

 Capital Build-up – gradual increase of capital

 Cooperative - it involves mutual assistance in working toward a

common goal.

 Corporate Control – it refers to the authority to make the

decisions of a corporation regarding operations and strategic

planning, including capital allocations, acquisitions and

divestments, top personnel decisions, and major marketing,

productions, and financial decisions.

 Credit Society – it a member-based organizations that help

members to address economic.

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 Incentive – it refers to anything that motivates or encourages

one to do something.

 Market - any place where makers, distributors or retailers sell,

and consumers buy.

 Non-profit organization - a business that has been granted tax-

exempt status by the Internal Revenue Service (IRS) because it

furthers a social cause and provides a public benefit.

 PDIC – Philippine Deposit Insurance Corporation, a government

instrumentality created in 1963 by virtue of Republic Act 3591 to

ensure the deposits of all banks which are entitled to the benefits

of insurance.

 Principal – is an entity describe in the Ross and Mitnick’s Agency

Theory who determines the work.

 Time Deposit - a deposit in a bank account that cannot be

withdrawn before a set date or for which notice of withdrawal is

required.

 Thrift Society - a voluntary association usually unincorporated

to promote thrift and for the collective investment of the savings

of the members.

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 II. REVIEW OF RELATED LITERATURE

International Co-operative Alliance (ICA) (1895) defined Cooperative

Society as an autonomous association of persons united voluntarily to

meet their common economic, social and cultural needs and aspirations

through a jointly owned and democratically controlled enterprise. Also,

Ebonyi and Jimo (2002) described cooperative societies as associations of

persons who have voluntarily come together to achieve common objectives

through the formation of democratically controlled organization; making

equitable contributions to the capital required and accepting a fair share

of the risks and benefits of the undertakings. Cooperative societies are

widely spread organization in developing countries, they are known for

strong commitment of, as well as participation in the decision making of

their members (Haan, Louter, and Gerard, 2003). Cooperatives play an

important role in facilitating access to credit, procurement and storage

distribution of input and marketing of products. They create employment

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opportunities particularly in the rural areas and allow disadvantaged

groups to be organized for social and economic benefit (Akerele and

Adekunmbi, 2018) Thrift and Credit Societies are member-based

organizations that help members to address economic problems. They are

not considered as banking institutions because of their goal. The ultimate

goal is to encourage thrift among the members and to meet credit needs

of people who might otherwise fall prey to loan sharks and other predatory

lenders (Babatunde, 2007). These cooperatives are vital issues in every

community in this world. Places where it have been properly put into

effective operation, its members have greatly achieve something from it.

This cooperation to Audu, Salui, and Enefola (2007) enabled people to

achieve through joint efforts, what they are unable to achieve while

working as individual. Because of this a great number of people are now

engaging into thrift and credit societies because of the benefits offered to

their members (Abdulkarim, 2010).

The benefits of cooperative societies according to Johnson Ugogiare:

 Encouragement of Savings: the credit and thrift cooperative society

encourages its members to save their money.

 They are Democratic in Nature: all members have equal rights to say

how the society should be organized. Every member has the rights to

vote and be voted for, and each member has one voting right.

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 Results in Low Prices of Goods: this is because, they buy goods directly

from the producers and distributed to their members.

 They Prevent Price Fluctuation: this is as a result of the fact that their

main motive is not to make profit but to promote the welfare of their

members.

 Prevention of Hoarding: this is as a result of the fact that they buy

directly from the manufacturers and distributed to their members.

 They Fight Inflation and Deflation: they do these through their

activities of price stabilization, regulation of the quantity of goods

needed, etc.

 Saving In Advertisement Cost: the money they would spend in

advertising is saved because they do not involve in advertising since

majority of the goods they purchase from manufacturers are bought

by their members.

 Education of their Members: this is done in areas of production,

distribution, buying and selling of goods and services.

 Encouragement of Hard Work: this is as a result of the fact that they

have joint pride of ownership.

 They Avoid Cheating: at the end of the given period members are paid

dividends calculated on the basis of the capital contributed and total

purchases made from the society.

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 They Encourage Inter-personal Relationship: there exists brotherly,

sisterly, friendly etc, relationship among members of cooperative

society.

 They Encourage Economic Development: their activities encourage

mass production, distribution and consumption. They also encourage

savings for further investment.

 Increase in Standard of Living: this is a result of the fact that they

make goods available to members at reduced rates, encourage them

to save, give the needy ones loans with little or no interest and etc.

In another research by Mather and Preston (1990), successful, growing

cooperatives often develop leaders among directors, managers, and other

employees. And members, by participating in business decisions on a

democratic basis, become more self-reliant and informed citizens in their

communities. The practical business experience acquired as directors or

committee members is often supplemented by specialized formal training.

This experience of working with the cooperative contributes to improved

rural leadership. Cooperatives have been alert and responsive to the

changing demand for convenience foods, good packaging, and effective

merchandising. Some conduct dealer and consumer education programs

on proper care and handling of their products and ways to use them. A

number use another merchandising device, the test kitchen, where they

develop recipes for consumer use. Cooperatives developed the system of

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classified pricing, later formally adopted in Federal milk marketing orders.

These and other marketing orders and agreements stabilize the market,

identify quality, shift low-quality products to byproduct use, and provide

a more stable supply of products. In addition to having varied services,

several regional cooperatives have helped cooperatives develop in other

lands. U.S. cooperatives organized the Cooperative Fertilizer International,

headquartered in Chicago, to help farmers in India build a large

cooperative nitrogen plant. They also contributed $1 million to get the

project started. Many cooperative employees and leaders have gone

abroad on specific assignments to help build cooperatives, or strengthen

existing ones, in emerging countries. Hundreds of trainees and

representatives of cooperatives and governments in other countries come

to the United States each year to learn about our cooperatives. Leaders

and managers here hold conferences and conduct tours to explain the

operations and services provided. For many years, visitors took courses

and special training at the former International Cooperative Training

Center at Madison, Wis. Officials of our cooperatives lectured and

participated in seminars at these sessions. The center’s activities were

taken over by the University of Wisconsin in the early 1970’s. There have

been many misconceptions and opinions from individuals, small and

medium business enterprises and corporate business entities that

microfinance institutions have outlived their relevance in the twenty first

century with the proliferation of larger commercial banks that provide a

14 | P a g e
wide range of financial services due to their sophisticated infrastructure,

technology and innovations (Philip, 1993).

In the same study also Preston and Mather (1990), cooperatives are

found to be subject to the same economic forces, laws, and human

relationships that contribute to the success or failure of other types of

businesses. Cooperatives, however, have various intrinsic limitations.

Some relate to the agricultural industry and others pertain to their

objectives and the inherent nature of cooperative organizations.

Reeves (2003) opined that creating wealth requires that we cooperate

with each other to make the most valuable use of our limited time, effort

and resources, and that human progress can continue to be made through,

communication, coordination and cooperation. The micro-finance power

of cooperative societies cannot be overemphasized. Small scale enterprises

(SSEs) have been promoted greatly by Micro-finance Institutions (MFI’s),

the major and most geographically spread of which are cooperative

societies. Apart from ready access to micro-credits, Small Scale

Enterprises (SSEs) obtain loans with soft and convenient term. Adelaja

(2006) noted that the current banking consolidation program though

desirable, is likely to be more of threat than opportunity for MSMEs.

Therefore there is the need to embrace the cooperative options. Most

members of cooperative societies engage in one economic activity or the

other and thus contribute in no small measure to economic outputs of the

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nation. Economic development is better achieved through cooperation to

solve the problem of scarcity.

As defined under Section 23 of RA 9520 the types of cooperatives are,

as follows:

(a) Advocacy Cooperative – is a primary cooperative which promotes and

advocates cooperativism among its members and the public through

socially-oriented projects, education and training, research and

communication, and other similar activities to reach out to its intended

beneficiaries.

(b) Agrarian Reform Cooperative – is one organized by marginal farmers

majority of which are agrarian reform beneficiaries for the purpose of

developing an appropriate system of land tenure, land development, land

consolidation or land management in areas covered by agrarian reform.

(c) Consumers Cooperative - is one the primary purpose of which is to

procure and distribute commodities to members and non-members.

(d) Credit Cooperative – shall refer to one that promotes and undertakes

savings and lending services among its members. It generates a common

pool of funds in order to provide financial assistance and other realted

financial services to its members for productive and provident purposes.

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(e) Dairy Cooperative – is one whose members are engaged in the

production of fresh milk which may be processed and/or marketed as

dairy products.

(f) Education Cooperative – is one organized for the primary purpose of

owning and operating licensed educational

institutions, notwithstanding the provisions of Republic Act No. 9155,

otherwise known as the Governance of Basic Education Act of 2001.

(g) Fishermen Cooperative - is one organized by marginalized fishermen in

localities whose products are marketed either fresh or processed products.

(h) Health Services Cooperative - is one organized for the primary purpose

of providing medical, dental, and other health services.

(i) Housing Cooperative - is one organized to assist or provide access to

housing for the benefit of its regular members who actively participate in

the savings program for housing. It is co-owned and controlled by its

members.

(j) Marketing Cooperative - is one which engages in the supply of

production inputs to members and markets their products.

(k) Multipurpose Cooperative - is one which combines two (2) or more of

the business activities of these different types of cooperatives.

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(l) Producers Cooperative - is one that undertakes joint production

whether agricultural or industrial. It is formed and operated by its

members to undertake the production and processing of raw materials or

goods produced by its members into finished or processed products for

sale by the cooperative to its members and non-members. Any end

product or its derivative arising from the raw materials produced by its

members sold in the name and for the account of the cooperative shall be

deemed a product of the cooperative and its members.

(m) Service Cooperative - is one which engages in medical and dental care,

hospitalization, transportation, insurance, housing, labor, electric light

and power, communication, professional, and other services.

(n) Transport Cooperative - is one which includes land and sea

transportation, limited to small vessels as defined or classified under the

Philippine Maritime Laws, organized under the provisions of this Code.

(o) Water Service Cooperative - is one organized to own, operate and

manage water systems for the provision and distribution of potable water

for its members and their households.

(p) Workers Cooperative - is one organized by workers, including the self-

employed, who are at the same time members and owners of the

enterprise. Its principal purpose is to provide employment and business

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opportunities to its members and manage it in accordance with

cooperative principles.

(q) Other types – the requirements for the organization, membership, and

capitalization shall be determined and prescribed by the Authority in

separate guidelines.

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 III. METHODOLOGY

A. Research Design

This study was of a qualitative approach which allowed the research

to be flexible due to its design. Phenomenology was also utilized and the

reason to why such method was applied is because this study relied

heavily on the statements of individuals. The effects of thrift and credit

societies or cooperatives to the lives on its members can be observed and

studied only by assessing the members themselves. Phenomenology

ensured the retrieval of their experiences as well as individual feedbacks

with regard to evaluating their own personal lives, and possibly a

comparison on before and after they have had a cooperative membership.

B. Research Respondents

There were several cooperatives in Balamban. Each of them have

their own members and different but in some ways’ similar services. They

can benefit the local community through the services they offer. It is a fact

that cannot be denied but focusing on the context of this research study,

members play a major role when it comes to the data gathering and in

overall, the completion of this research since the data rely heavily on them.

Consultation of the respective cooperatives was also made. This is to know

first and foremost, the nature and value of each cooperative and also to

have a careful yet thorough examination of their objectives and assess the

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services they offer. Then it was only after that that the data gathering of

the members was undertaken. It was to help researchers match

cooperatives’ intended goals and see if it had made a difference in the lives

of their members.

The following cooperatives are part of the research study:

Table 3-1. Respondents

Name of Cooperative Address

Aurora Integrated Multipurpose Binghay St., Poblacion,

Cooperative (AIM Coop) Balamban, Cebu
Cebu People’s Multi-Purpose Aliwanay, Balamban, Cebu
Cooperative (CPMPC)
Don Bosco Network Multi- Pondol, Balamban, Cebu
Purpose Cooperative (DBNMPC)
First Consolidated Cooperative Poblacion, Balamban, Cebu
Along Tañon Seaboards(FCCT)
Lamac Multi-Purpose Aliwanay, Balamban, Cebu
Cooperative

a) Members

At least three members from the stated cooperatives were selected

as research respondents. The data needed for the research were gathered

from them. They were asked regarding the basic information about

themselves, the reasons of why they had a cooperative membership, and

how satisfied they are with the services.

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 b) Managers or officers of the Cooperatives

Each cooperative’s manager or any personnel who is in a credible

position to be able to tell the researchers how the cooperative works can

be a respondent of the study. Their knowledge and their experience in the

cooperative they are working is one of the data that the researchers can

use for the development of this research.

C. Research Instruments

The researchers utilized questionnaires and semi-structured

interview. A set of questions were prepared by the researchers which

would serve as a tool to gather data. The questionnaire contained specific

questions that were addressed particularly the objectives of the research.

It was carefully constructed and direct-to-the-point so that respondents

can easily answer and comprehend.

1. Semi-Structured Interview

The researchers conducted an interview. They used a face to face

interview because this type of interview allows for more in-depth data

collection and comprehensive understanding. Body language and facial

expressions were more clearly identified and understood. It was semi-

structured so to have a flexible flow of the interview process and allowed

the researchers to come up with new insights as they can improvise.

2. Questionnaire

22 | P a g e
 The questionnaire was divided into three parts: the first one, asking

basic information about the respondent such as age, occupation, and civil

status; the second, addresses on how long they have been a member of

the cooperative and the reasons for choosing in the first place; the third

focuses on the part where they rate their satisfaction with the cooperative

they are a member of and will be asked how it has helped them at all.

D. Research Environment

Balamban, Cebu was the chosen location of the researchers where

their study could be conducted. It is a first class municipality with a

population close to 80,000 people. It has 28 barangays. The town has a

shipbuilding industry, a couple private schools, offices, facilities, and also

various aqua-agricultural farms that are sources of income for the locals.

The researchers had found it accessible since cooperatives are located

within the streets of Balamban with 5 respondents at least. This helped

the researchers in determining factors that contributed to the

improvements regarding the living standards of the members of thrift and

credit society or commonly known as cooperatives in Balamban.

E. Research Procedure

In connection to their research topic, the researchers carefully

planned their methods of gathering data. First, the researchers reviewed

their statement of the problem and then. Second, they identified the

questions needed to be asked and answered. Third, after a series of review

23 | P a g e
and testing whether each question was feasible and relevant to the study,

and finalizing the questionnaires, they identified the possible respondents.

Fourth, they crafted letters to the school principal and to their research

teacher asking for endorsement and approvals as well as informed consent

forms for the respondents explaining to them the nature of the study they

were taking part in. Letters for the respective cooperatives and to their

managers were made and given separately. Then finally they made copies

of the questionnaires and distributed it.

F. Data Analysis

After conducting the interview and observation, the researchers

grouped the answers of the respondents based on their commonality using

graphs and tables. This helped the researchers in coming up for an

effective and efficient analysis of the data gathered. This also greatly

helped the researchers generate a better understanding of the information

gathered that contributed a lot in helping them achieve the intended

outcome of their paper.

24 | P a g e
 IV. Results and Discussions

This chapter is the focal point of the research report where the

findings and results of the study will be discussed. The data is organized

and classified according to its content and relevance. This is divided into

two sections –results and discussions.

A. Results

The results and findings of the study are presented alongside the

gathered data from the selected respondents, the cooperatives and some

of their members. It is classified according to each cooperative.

1. Cooperatives in Balamban

Table 4-1: Respondents and their length of operations

Name of Cooperative Address Length of

Operations(in
years)
Aurora Integrated Binghay St., Poblacion, 4
Multipurpose Balamban, Cebu
Cooperative (AIM Coop)
Cebu People’s Multi- Aliwanay, Balamban, 11
Purpose Cooperative Cebu
(CPMPC)
Don Bosco Network Pondol, Balamban, 18
Multi-Purpose Cebu
Cooperative (DBNMPC)
First Consolidated Poblacion, Balamban, 16
Cooperative Along Cebu
Tañon Seaboards(FCCT)
Lamac Aliwanay, Balamban, 13
Cooperative Cebu

25 | P a g e
 Table 4-1 shows the background information of the selected

respondents. As it can be observed, four cooperatives are located near

each other. All with the exclusion of Don Bosco Network Multi-Purpose

Cooperative are located close to the heart of the municipality or the

Poblacion. It means that they are accessible to the majority of the

population. The length of operation shows the number of years the

cooperative has been operating since it has been established.

2. Demographics of the Selected Respondents

Aside from interviewing managers on a face-to-face discussion for

inquiries regarding their cooperatives, the researchers also selected

respondents from its pool of members. The respondents were varied since

the researchers were not focusing on certain groups of people but rather

at random.

26 | P a g e
 Graph 4-1. Ages of Respondents

AGES
25-30 31-40 41-50 50+

13%
20%

27%

40%

Graph 4-1 shows the ages of respondents. The selected respondents’

ages ranged from 25 to 50 and above. This is safe to assume that most of

them are already working and have their own families and responsibilities.

This is true especially for the age group 30 and above. Meaning to say,

they hold credibility when being asked whether if the cooperative have

made an impact on their lives or not as they themselves are in a position

who could relate in terms of way of life whether they are single or not,

have a family or job and aside from the fact that they have been in that

cooperative for a number of years already.

27 | P a g e
 Graph 4-2. Occupation of Respondents

Occupation of Respondents
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
Housewife Teacher Bookkeeper EntrepreneurMaintenance Loan Officer Billing Officer
Personel

Housewife Teacher Bookkeeper

Entrepreneur Maintenance Personel Loan Officer
Billing Officer

Graph 4-2 shows the occupations of the selected respondents. As

indicated by the numbers on the left side of the graph, mostly are teachers

who made up four of the 15 respondents and followed closely by three

maintenance personnel who also avail the privileges of being a member of

the cooperative. There also housewives and entrepreneurs. Bookkeepers,

loan and billing officers of the cooperatives, are also part of the

respondents that the respondents draw their data from.

28 | P a g e
 Graph 4-3. Length of Membership

Length of Membership

6%

40% 27%

27%

Less than year 1-2 years 3-5 years More than 5 years

Graph 4-3 shows how long the selected 15 respondents have been

a member of the cooperative. Most of the selected respondents have been

a member for more than five years. The length of membership is an

important to consider as it can enable the respondents to observe the

changes in his or her life after being a member of the cooperative and

availing of its services.

3. Objectives of Cooperatives

When taking into consideration the impacts it has done on the part

of its members, the objectives of the organization is an important aspect

to look at. This enables the researchers to connect and relate it to the

29 | P a g e
services and products the cooperative offer to its members and study how

it affects other things.

Table 4-2. Vision and Mission Statement

Name of Cooperative Mission Statement Vision Statement

Aurora Integrated Deliver innovative The strongest and

Multipurpose technology and products largest primary
Cooperative (AIM enriching lives of the cooperative in the
Coop) members on financial Philippines bringing
needs and services in financial needs and
the community services to everyone

Cebu People’s Multi- We provide easy access The only banking

Purpose Cooperative to competitive financial alternative of every
services, appropriate Filipino household for
technology and sustainable growth and
resources that best development
satisfy the needs of the
members, employees
and community

Don Bosco Network To provide effective A leading and financially

Multi-Purpose services by maintaining stable cooperative with
Cooperative our quality and God-centered and
delivering innovative environment friendly
programs and strategies members that provides
for the satisfaction of high quality output
our customers towards customers
satisfaction

30 | P a g e
FCCT Cooperative To provide ladders of Sustainable, united and
socio-economic impressive troops
opportunities with vibrant socio-economic
programs geared toward units, resilient and
ecological balance for environmentally
the empowerment of low compliant communities
and middle income
households

Lamac Cooperative To strongly respond to A diversely-differentiated

the holistic cooperative sustaining a
empowerment needs of socially-vigorous
the vulnerable sector community of
through socio-economic environmentally and
programs. gender sensitive families.

Table 4-2 shows the respective mission and vision statements of

each cooperative. Most if not all of the cooperatives have aimed for

sustainable way of life and customer satisfaction of needs. It makes sense

as every business or establishment cannot operate without members or

clients and the only way to ensure their loyalty is through satisfaction.

The mission and vision statements serve as a guide for them as they

deliver their products and services.

31 | P a g e
 Table 4-3 Products and Services

Name of Cooperative Type Products and

Services(Summary)

Aurora Integrated Multipurpose, Savings and Time

Multipurpose light-scale, Deposit, Credit/
Cooperative (AIM Coop) open-type Loan, Household Rice
Incentives, Clinic/
Diagnostic Center,
Cash Express, Copra
Buy and Sell, Rice
Milling/ Trading

Cebu People’s Multi- Multipurpose Education Program-

Purpose Cooperative College Education
Savings Plus and
Financing Program,
Health, Housing,
Credit Services,
Savings and Time
Deposit

Don Bosco Network Multipurpose Savings, Loans,

Multi-Purpose Consumer Services
Cooperative(DBNMPC) and
Products( Garments),
and Manpower
Services(Outsourcing)

First Consolidated Multipurpose, Loans(Commercial,

Cooperative Along primary, open- Stability, Personal,
Tañon type Blower, Micro-
Seaboards(FCCT) Finance), Deposit
Services, ATM
Machines, Integrated
Farming, Mutual
Benefit Programs,

32 | P a g e
 Micro-Insurance,
Coop Education
Enrichment

Lamac Cooperative Multipurpose Savings, Lending,

Insurance, Coco
Sugar, Caramilk
Cookies, Caramilk
Bath, Caramilk
Beauty Soaps

Note: Products and services are summarized because of excessive details

that cannot fit in the tables.

Table 4-3 shows the products and services of the five cooperatives

that are respondents of the study. Among the five, three are multipurpose

which mean to say that they varied functions. Mostly, cooperatives offer

credit or loans as well as savings services. They also cater to programs

that are in ways beneficial to their members such as health, educational,

housing, and insurance programs. But cooperatives have varying services

and functions although they have something in common, DBNPC, for

example they provide manpower services. As mentioned before that

cooperatives are community-based, the cooperative represents the

members in one company as a hiring agency that mobilizes their members

for job outsourcing. They also train them and arm them with technical

expertise related to the job they will be working. This is one way where

one can say that cooperatives can really alleviate the lives of its members.

33 | P a g e
4. Reasons Why People Opt for a Cooperative Membership

The researchers have tallied and organized the inputs of the

respondent’s feedback of the questionnaires. Through this, they were able

to come up with the following data.

Graph 4-4 Common Reasons for Choosing a Cooperative

Common Reasons For Choosing A Cooperative

12
10
8
6
4
2
0
Dividend/ Products Opening a Low High Financial Health, Personal
Patronage and Business Interest of Interest of Assistance Housing Reasons
Refund Services Loan Savings and
Education

Dividend/ Patronage Refund Products and Services

Opening a Business Low Interest of Loan
High Interest of Savings Financial Assistance
Health, Housing and Education Personal Reasons

Graph 4-4 shows the common reasons for choosing a

cooperative. As what can be observed in the graph, the most common

reason as to why people avail the membership of a cooperative is to have

a dividend and a patronage refund. Unlike banks, every year the

cooperative will give incentives to its members based on his or her

contribution to the organization. Most people see it as an opportunity as

they can enjoy their share of the organization’s profit. Then, the second

34 | P a g e
reason is products and services. This is due to the fact that there are

sometimes discounts and advantages when one is a member of the

cooperative. Like in Don Bosco for example, a member has the privilege of

buying discounts for the garments produced by their very own manpower

and services, and in CPMPC, they have for sale of beauty products and

multi-vitamins.

Third reason is the high interest of savings. Time deposits in

cooperatives have significantly higher interest rates than in banks. But

the only downside to it is that cooperatives are not insured by the PDIC

and when it comes to security, banks are more stable. Cooperative also

have programs that can be of benefit to the members (see table 1-3 for

further reference). They also have lower loan interests which makes it

suitable for businessmen and entrepreneurs to start their own business

at an advantage.

35 | P a g e
 Graph 4-5 Reason by Recommendation

REASON BY RECOMMENDATION
Friends Families Others

20%

47%

33%

Graph 4-5 shows that majority of the members were recommended

by their friends which was the reason to why they applied for a

membership. The oldest way of advertising and promotion of goods and

services is through word of mouth. The data above is significant because

it basically says that customers and members themselves are agents of

promotion. Because when people are satisfied with a particular service or

product, they relay their feedback to other people they know, in this case,

friends and families, and encourage them to avail as well and thus, boosts

membership.

5. Analysis from the Cooperative Membership Survey

The purpose of the questionnaires was to provide a feedback input

for the members of the cooperative. It was to assess the correlation on the

services they availed in and the impact it has on their lives. The data is

36 | P a g e
presented in tables and graphs and is organized according to each

cooperative.

a) Aurora Integrated Multipurpose Cooperative (AIM Coop)

Table 4-4. Aurora Integrated Multipurpose Cooperative
Respondent Length of Services Has an What was
No. Membership they availed impact the
in in life? impact?

(Yes/No)

1 3-5 years Savings, Yes Financial

Household Assistance
Rice
Incentives,
Credit/Loan

2 More than 5 Regular Yes Financial

yrs. Loan, Assistance
Regular
Savings,
Educational
Loan

3 More than 5 Household Yes Better

years Rice financial
Incentives, status and
Time assistance
Deposit,
Regular
Loan

37 | P a g e
 Most of the respondents are members of the cooperative for 3 to 5

years. The commonly availed services are the following: Loan and

Insurance. The cooperative itself created an impact to all of its members

through giving financial assistance.

b) Cebu People’s Multi-Purpose Cooperative

Table 4-5. Cebu People’s Multi-Purpose Cooperative

Respondent Length of Services they Has an What was
No. Membership availed in impact the
in life? impact?

(Yes/No)

1 More than 5 Hospitalization, Yes Financial

yrs. Assistance
Loans,
Insurance

2 1-2 years Insurance Yes Financial

3 1-2 years Loan, Yes Better

Hospitalization health
benefits

Most of the respondents are members of the cooperative in a span

of 1 to 2 years. The commonly availed services are for hospitalization and

loans. The said cooperative created an impact to most of its members

through giving financial assistance and better health benefits.

38 | P a g e
 c) Don Bosco Network Multi-Purpose Cooperative (DBNMPC)

Table 4-6. Don Bosco Network Multi-Purpose Cooperative

Respondent Length of Services Has an What was

No. Membership they availed impact the impact?
in in life?

(Yes/No)

1 3-5 years Loan, Yes Financial

savings, Assistance,
garments Knowledge
and
Expertise

2 More than 5 Loan, Yes Family

yrs. savings, Support
garments,
manpower

3 More than 5 Savings Yes Family

yrs. and loans, Support
manpower, and
garments Financial
Assistance

Most of the respondents from Don Bosco Cooperative are already

members for more than 5 years. The commonly availed services are the

39 | P a g e
following: loans, savings, manpower, and garments. The said cooperative

created an impact to most of its members in ways that it gives extended

family support and financial assistance.

d) FCCT Cooperative

Table 4-7. FCCT Cooperative

Respondent Length of Services they Has an What was
No. Membership availed in impact in the impact?
life?

(Yes/No)

1 More than 5 Micro- Yes Financial

yrs. insurance, (Modest
micro- salary rates),
deposits, Benefits and
school assistance

2 More than 5 Micro- Yes Trainings,

years savings,
Boost self-
micro-
confidence
insurance,
and financial
micro-loan
status

3 3-5 years Micro- No

savings,

In FCCT Cooperative, most of the respondents are already members

in a span of more than 5 years. The commonly availed services are the

following: micro-savings, micro-insurance, and micro-loan which are all

40 | P a g e
in ways very much similar to regular savings, insurance, and loans. The

cooperative created an impact to most of its members’ lives through giving

better salary rates, benefits, and insurances as well as trainings that help

boost their confidence. Among the three respondents, only respondent no.

3 has stated that the cooperative has no impact on his/her life. One

possible explanation is it could be that the respondent has not availed in

many services and privileges (only micro-savings as stated in table above),

and thus, in his or her opinion its impact on his or her life is insufficient.

e) Lamac Multi-Purpose Cooperative

Table 4-8. Lamac Multi-Purpose Cooperative

Respondent Length of Services Has an What was the
No. Membership they availed impact in impact?
in life?

(Yes/No)

1 1-2 years Loans and Yes Financial

Insurance

2 1-2 years Savings No

3 More than 5 Loans, Yes Better life

years Savings,
and
Product

41 | P a g e
 Most of the respondents of Lamac Cooperative have only been a

member for 1-2 years. The services they mostly availed in are loans and

savings. The overall impact it has on their members is in terms of financial

and way of life. Only respondent no. 2 felt that the cooperative has no

impact on his or her life. Based on the table above, the only service he or

she availed in is savings. It is perhaps inadequate for him or her that could

possibly be the reason behind his or her answer.

Graph 4-6. Impact of Cooperatives

Has an impact on life

13%

Has an impact
Doesn't have

87%

Graph 4-6 shows that majority of the respondents testify that

cooperatives really made a difference on the lives of the members. This is

due to the fact that the services and privileges they offer are in line with

their mission and vision statements, their objectives, which is to promote

sustainable development and enhance members’ living standards.

42 | P a g e
 Graph 4-7. Cooperative Members Who Have Bank Accounts

Bank Account

27%

Has

73% Don’t have

Graph 4-7 shows that majority of the selected 15 respondents, have

bank accounts. There are only 4 who do not have. This is due to the fact

that cooperatives offer what banks do and to some extent, are better when

it comes to interest rates and privileges.

43 | P a g e
 Graph 4-8. Cooperative Loyalty

C O O P E R AT I V E M E M B E R S W H O A R E A L S O M E M B E R S
T O O T H E R C O O P E R AT I V E S

Only 1 Cooperative More than 1

21%

79%

Graph 4-8 shows that majority of the selected respondents are

loyal to their cooperative. Loyalty in this context means that they belong

to exclusively one cooperative rather than many. Among the 15

respondents, only 3 reported that they have membership in other

cooperatives. It can often be considered a redundancy in some ways by

being a member to multiple cooperatives. However, it can create a sense

of security as members are able to have fallbacks in case their investment

are not worth it. But more or less, cooperatives offer similar services, the

only minor and insignificant difference are in products and interest rates.

44 | P a g e
 Graph 4-9. Member Satisfaction of their Cooperatives

Member Satisfaction of their Cooperatives

3.5

2.5

1.5

0.5

0
AIM Coop CPMPC DBNMPC FCCT Coop Lamac Coop

Below 5 6 to 7 8 to 9 10

Graph 4-9 shows that majority of the selected respondents from

the different cooperatives are highly satisfied with the benefits acquired

and the services they availed in that are being offered by their respective

cooperatives. It can be observed that from the graph above that Cebu

People’s Multipurpose Cooperative has the highest ranking among the five

cooperatives with a rating of ten over ten rated by all member respondents

who took part in the survey. AIM Coop and DBNMPC follow closely with

two of the respondents rated ten in satisfaction. And lastly, it is a tie

between FCCT and Lamac who only have one respondent who rated ten.

However, all of this cannot be inferred as the general assumption of the

standing of each cooperative as this data lacks more sample

45 | P a g e
 B. Discussions

A cooperative is legal group of persons with common bond of

interest. Every cooperative engages in activities which is through by

offering products and services that can build profit for its members as well

as capital for its ventures.

Cooperatives are often community-based. Meaning to say, that

members have extended privileges and therefore, can enjoy benefits.

Because the cooperative in its part, as a non-profit organization, is

obligated to provide the members it fair share of profit that it has

generated using their capital.

1. Overview of Cooperatives

1. Aurora Integrated Multipurpose Cooperative (AIM Coop)

The cooperative began in Balamban in December 2015. Its main

services are savings and loans. They also engage in rice milling and

trading. Although the latter are not available to this branch, AIM Coop in

Balamban still offers a plethora of services to its clients from lending to

savings and health clinics. They even have their own ATM Machine

compared to other cooperatives who only borrow from banks. Being close

to the heart of the municipality, it is easily accessible to many. The

cooperative boasts stability, member-centered products and services, fast

and easy service and customer friendly staffs.

46 | P a g e
 2. Cebu People’s Multi-Purpose Cooperative

It was established in 2008 in Balamban. It is a cooperative that offer

a variety of services from loans, savings, to insurances. It has been

operating in Cebu for 47 years already boasting around 100,000 members.

Its goal is to mainly provide easy access to competitive financial services,

appropriate technology and resources that best satisfy the needs of the

members, employees and community.

3. Don Bosco Network Multi-Purpose Cooperative(DBNMPC)

DBNMPC was formed 18 years ago by a group of determined and

persistent individuals who graduated from the Don Bosco Training Center

in Cebu. Mainly they provide manpower services for companies. To some

extent, one might consider them a hiring agency. They provide laborers in

Tsuneishi, Gaisano, and other companies. They have plenty of branches

before in Labangon, Tondo, and Davao but over the years it has reduced

significantly. Then in 2017, it became controversial because of the

regulation made by the Department of Labor and Employment regarding

DO174. It made things more hassle for the cooperative to continue their

manpower services which was the reason to why many of the branches

were shut down and most of the clients ended their contracts. The

cooperative also provides services like loans, savings, and dividends for

the members.

4. FCCT Cooperative

47 | P a g e
 FCCT stands for First Consolidated Cooperative Along Tañon

Seaboards. As the name implies, it was not originally a single cooperative

but rather of a consolidation of nine primary cooperatives and to name a

few, the list includes: Don Andres Soriano Credit Coop, Atlas Community

Beneficiaries Coop, Tuburan MPC, and Asturias Peoples’ MPC. These

cooperatives have merged together to become stronger. It boasts around

639 active members in the Visayas region. They also have their lines of

ATM Machines as well provide farmers with financial assistance through

their integrated farming programs.

5. Lamac Cooperative

The cooperative has been operating for 13 years already. It is

located in Aliwanay, Balamban, and Cebu. The cooperative’s main

services are lending, savings, and insurance. It has its main headquarters

in Pinamungahan. The cooperative also own the Hidden Valley resort. It

has around 3,016 members in Balamban. The cooperative boast its huge

capital build-up and financial stability.

2. Benefits of Cooperatives

Cooperatives have been a part of the Philippine community now.

Regardless of its non-profit structure, they have been a major player in

the economy. They have done well when it comes to alleviating the way of

living of its members. They have provided services and products that are

beneficial to the community and to the people like housing loans,

48 | P a g e
educational programs, and health programs. They have created jobs and

created a positive impact on the whole community, for example, by

supporting small-time entrepreneurs and businessmen who are in fact,

the backbone of the country.

Unlike banks, they offer lower loan interests and higher time deposit

interest rates. Membership is also easier and less hassle. Then at the end

of the year, regular members are given dividends and profit shares based

on his or her contribution. They are also given privileges as well as extra

benefits with the services they availed in like educational and health

programs. Then also they offer full funeral packages for its members that

in the event of unfortunate death, they will provide burial assistance to

the members’ family.

Cooperatives are most practical when starting a new business like

a sari-sari store. They are also willing to support entrepreneurs in a way

banks do not. It’s because they are service-oriented in nature and as

testified by respondents, cooperatives really help in terms of financial

assistance.

The different products and services offered by the Cooperatives will

be explained here for further details and on how it can affect the lives of

members.

a) Savings Products

Offered by: All Cooperatives

49 | P a g e
 In a study by Ugogiare (n.d.), cooperatives encourage members

to save their money. The purpose of savings can be for the usage of

emergency funds, for retirement, down payments for a house, save for

vacations, and for education. But that is not all, savings can give one the

sense of security even in times of crisis.

b) Credit and Loan Services

Offered by: All Cooperatives

According to the study conducted by the CGAP or the Consultative

Group to Assist the Poor (2005), cooperatives administer loans at interest

rates lower than those charged by other microcredit providers. Members

can borrow up to 5x of their share capital contribution and other deposits

that are on-hold for the purpose of the loan.

c) Health and Educational Programs

Offered by: AIM, CPMPC, and FCCT

Members of the cooperative automatically have health insurance

which means costs related to health issues are covered by the cooperative.

As a result they are less likely to sell assets or borrow money to pay for

care. In terms of educational programs, cooperatives provide scholarships

to students. According to Mervyn Wilson, cooperatives provide education

and training for their members hoping they can contribute effectively to

the development of their cooperative. In a study by Ugogiare (n.d), this is

50 | P a g e
also done in areas of production, distribution, buying and selling of goods

and services.

d) Manpower Services

Offered by: Cebu People’s Multi-Purpose Cooperative, Don Bosco

Network Multi-Purpose Cooperative

According to Mark Long, manpower is directly proportional to

productivity. With more workers available at work, the faster tasks will be

completed. Equally, when business lacks sufficient manpower; it hinders

them from accomplishing tasks. A good manpower service gives room to

companies to deliver promises made and keep the flow of production going.

The purpose of cooperatives offering manpower services is mostly to

become a subcontractor to companies and provide trained and competent

workers since they undergo trainings and seminars.

e) Products (Varied)

Offered by: All Cooperatives

Cooperatives also engage in product manufacturing and selling.

But the kind of products are also varied for each cooperative and it

depends on their specialty and their resources. Like for example, DBNMPC

sells garments and FCCT engages in selling soaps based on “caramilk”,

ropes and nylons handcrafted by their own members as well. The purpose

of cooperative for this is in order to boost their revenues and add to their

51 | P a g e
capital build-up which they can also use for expansion and in sustaining

itself.

3. Impacts of Thrift and Credit Societies

a) Economy

The impact of cooperatives in the economy cannot be denied. They

have been offering loans and credit services as well as financial assistance

to entrepreneurs and who-would-be business at a lower interest rates

than banks. Their support in micro-businesses have enabled the economy

to prosper. Because in the micro-economic environment, an individual’s

income and lifestyle are considered. Cooperatives have been known to

improve its members’ living standards so that means to say that there is

an increase in income on the part of the individual. Johnson Ugogiare (n.d)

states that this is a result of the fact that they make goods available to

members at reduced rates, encourage them to save, give the needy ones

loans with little or no interest and etc. Those individuals and small-time

business owners pay taxes and buy goods and products. Then those goods

52 | P a g e
and products are taxed by the government. There are also varying

scenarios where cooperatives through its services can aid a family, the

basic unit of the society. Educational loans and programs, for example,

have been known to help send children to schools and colleges. If they

graduate, they get a degree and so they can work. Then in goes back again

to the economy because jobs mean income.

Ugogiare (n.d.) in his study discovered the following ways on how

cooperatives have aided the economy:

 Results in Low Prices of Goods: this is because, they buy goods

directly from the producers and distributed to their members

 They Prevent Price Fluctuation: this is as a result of the fact that

their main motive is not to make profit but to promote the welfare

of their members.

 They Encourage Economic Development: their activities

encourage mass production, distribution and consumption.

They also encourage savings for further investment.

 Prevention of Hoarding: this is as a result of the fact that they

buy directly from the manufacturers and distributed to their

members.

There are plenty of impacts that cooperatives have made to the

economy. One way or another, cooperatives have aided the Philippine

53 | P a g e
economy and if continued to be supported and developed, they will

continue to grow and expand as they alleviate the lives of many Filipino

communities.

b) Society

Cooperatives have been a part of Philippine communities for quite

a while now. It cannot also be denied that they have already become an

important figure in the socio-cultural dynamics that affect the country.

These factors include the reason that nearly in every municipality, there

is a cooperative. It is because cooperatives are easier to organize and form.

Unlike corporations and banks, they are non-profit and enjoy the privilege

of not paying taxes. Every member who contributes has a fair share of the

profit that they accumulated from the capital they have deposited. It is

also democratic in nature that members have a say on the decision

making processes.

There many people who are able to send their kids to college, to have

jobs, to start their businesses, and to have health benefits and insurance

because of the existence of cooperatives. Ugogiare (n.d) pointed out that

cooperatives encourage inter-personal relationship which results to better

cooperation with one another. There exists brotherly, sisterly, friendly etc,

relationship among members of cooperative society which contributes to

their teamwork. They also encourage hard work as a result of the fact that

54 | P a g e
they have joint pride of ownership. Then they avoid cheating by promoting

transparency among its members. At the end of the given period member

are paid dividends calculated on the basis of the capital contributed and

total purchases made from the society. Cooperatives are very different

from corporations who only seek profit and personal gains because as

what Ebonyi and Jimo (2002) described, they are an associations of

persons who have voluntarily come together to achieve common objectives

through the formation of democratically controlled organization; making

equitable contributions to the capital required and accepting a fair share

of the risks and benefits of the undertakings.

Cooperatives are very helpful and significant to the Philippine

society because slowly by slowly, it has developed our country by starting

on the very first and important thing, its citizens and shaping them to

become better individuals worthy of nation-building.

55 | P a g e
 V. Summary of Findings, Conclusions, and Recommendations

This chapter presents the summary of the findings, conclusions

and recommendations based on the data analyzed in the previous chapter.

Some limitations have been identified. This study aims to discover the

impacts of thrift and credit societies on enhancing members’ living

standard in Balamban. There were a total of 20 respondents. Five of which

were managers or officers of the cooperatives and for the five cooperatives,

three members were taken as respondents.

A. Summary of Findings

The summary is divided into four parts. Each one answers the

questions presented in the statement of the problem at the beginning of

this research paper. The findings consist of summarized data that were

derived from the results and discussions presented at the last chapter. It

was organized and classified accordingly as well as backed with

explanations.

This study was undertaken with the following objectives:

1. To find out the values and nature of the cooperatives in NB

Balamban.

2. To know the different services they offer.

3. To discover impact of those services and privileges offered by the

cooperatives regarding the lives of their members.

56 | P a g e
 4. To examine the ways that cooperatives are beneficial to people’s

lives with regard to their communities.

1. Values and Nature of Cooperatives

This section will explain the objectives of the cooperatives as well

as its mission and vision statements. AIM Cooperative aims to deliver

innovative technology and products enriching lives of the members on

financial needs and services in the community. Cebu People’s Multi-

purpose Cooperative aims to provide easy access to competitive financial

services, appropriate technology and resources that best satisfy the needs

of the members, employees and community. DBNMPC aims provide

effective services by maintaining their quality and delivering innovative

programs and strategies for the satisfaction of their customers. FCCT

Cooperative focuses on providing ladders of socio-economic opportunities

with programs geared toward ecological balance for the empowerment of

low and middle income households. Lastly, Lamac Cooperative strongly

responds to the holistic empowerment needs of the vulnerable sector

through socio-economic programs. Despite of all the differences regarding

their mission and vision statements, the main objective of cooperatives is

to provide for the needs of their members and have a positive impact to

the lives of their employees, members, and as well as to the community.

2. Different Services Offered By Cooperatives

57 | P a g e
 This section will explain the varying services offered by the different

cooperatives which participated in the conduction of the study. The

services that are mostly offered among the five cooperatives are credit or

loans, different insurance, and savings services. Yet cooperatives have

varying services and functions although they have something in common,

in DBNPC, they provide manpower services. In which they are into job

outsourcing. In AIM Cooperative, they have household rice incentives,

clinic/diagnostic center, copra buy and sell, and rice milling/trading. In

Cebu People’s Cooperative, they also offer education program-college

education savings plus and financing program, health, and housing. In

FCCT, they also have integrated farming, mutual benefit programs, and

micro-insurance. Lastly, in Lamac Cooperative, they also offer products

such as coco sugar, caramilk cookies, caramilk bath, and caramilk beauty

soaps.

3. Impacts on Lives of Members

This section will explain how cooperatives created a positive impact

to the lives of its members. Unlike banks, the cooperative will give

incentives to its members based on his or her contribution to the

organization. Most people see it as an opportunity as they can enjoy their

share of the organization’s profit. Cooperatives also give financial

assistance to its members whether it is for health use, for commercial, for

education, or even for any personal use with low interest rates. Children

58 | P a g e
of the members could also be granted to the educational programs offered

by the cooperative. Based also on the findings being discussed above,

most of the respondents answered “yes” which means cooperatives really

created a positive impact to their lives as members. Majority of the

respondents testified that cooperatives really made a difference on the

lives of the members. This is due to the fact that the services and privileges

they offer are in line with their mission and vision statements, their

objectives, which is to promote sustainable development and enhance

members’ living standards.

4. Benefits of Cooperatives to the Community

Cooperatives exist for the benefit of its members and it is own by

the members themselves. The money they deposited in the first place

become a part of what in technical term is called a “capital build-up” or

CBU. This in turn will be used for the different activities that the

cooperative engage in so to earn revenue and in the end, benefit the

members. Many have benefitted from cooperatives as evident from the

statements of the respondents. This is especially true in terms of

improvement to financial status and the access to different services and

privileges given by cooperatives have made their life easier. Their ultimate

goal is to encourage thrift among the members and to meet credit needs

of people who might otherwise fall prey to loan sharks and other predatory

lenders.

59 | P a g e
 Cooperatives are beneficial to the community in a way that they

provide jobs, offer services, give privileges to its members, and with its

main objective which is to help their members by encouraging thrift and

credit. Then their overall nature that promotes a sense of community,

family-like belongingness among its members.

B. Conclusions

Based on the findings of the study, the following conclusions are

drawn:

1. All cooperatives in Balamban are multipurpose.

2. The most recent cooperative in the municipality is Aurora

Integrated Multi-Purpose Coop.

3. The nature and values of each cooperative is very much similar to

one another.

4. The only slight difference is the services they offer. Some

cooperative have higher or lower interest rates than others.

5. Most members would say that they can benefit much from the

cooperative as evident in Graph 1-6.

6. The impact that cooperative has on the lives of their members

would mostly be financial assistance and additional privileges of

being a member like access to dividend and patronage refunds as

well as the different services available from the cooperatives.

60 | P a g e
 There are also insights that the researchers can also derived from

the undertaking of this study. Meanwhile, cooperatives are a good way to

store money and ask for loans because of their better interest rates

compared to banks, it is not guaranteed to be secured as mentioned

somewhere in the fourth chapter of this research paper. But again trust

is the only assurance that every member has regarding the security of

their cash and cooperatives have maintained transparency in regards to

their dealings and activities. This is in one way a form of assurance that

the members’ money are being put to good use. There are so many

advantages that a cooperative can offer that a bank cannot. The bank does

not give you financial assistance except through loans or trains you in an

expertise that you can use to make a living. Cooperatives, as far as the

researchers have observed have this kind of trait that is somewhat as one

respondent pointed out, a “family-like belongingness”. Banks are larger in

terms of scale but the impact that cooperatives can make in the

community is much more evident.

C. Recommendations

Based on the findings and conclusions presented, the following

recommendations are suggested:

1. To the future researchers who wanted to conduct a study related

to this, they could use this study to refer to as their review of

related literature.

61 | P a g e
2. To the future researchers who wanted to conduct a study similar

to this, they should establish a more definite questions that

answer specific objectives of the study.

3. Future researchers should have more respondents for each

cooperative.

4. Future researchers should also take note of entrepreneurs and

certain people who really have changed lives because of the

cooperatives.

5. Future researches should give more time for each respondents so

to gather more relevant data from them.

6. Future researchers should explore further the different enterprises

and activities the cooperatives engage in and find out how they

use their capital build-up to generate an impact for its members.

7. Cooperatives should offer youth-programs or that enables them to

earn money like engage them in activities that can teach them

skills they use for livelihood and for the cooperative.

62 | P a g e
References

Abdulkarim, A.F. (2010). The Hope for Rural Transformation: A

Rejuvenating Cooperative Movement in Rwanda. Dares Salaam:

International Labour Office.

Akerele, E.O., & Adekunmbi, S.A. (2018). Impacts of Cooperative

Thrift and Credit Facilities on Members’ Output in Ogun State,

Nigeria. Department of Agricultural Economics and Farm

Management, 7(3), 2-3. doi.org/10.5539/sar.v7n3p28.

Audu, S. I., Salui, O. J., & Enefola, F. O. (2007). Savings Mobilization

by Cooperative Societies in Abaji Local Government Area of Kogi

State, Nigeria. Patnsuk journal, 3(2), 1-10.

63 | P a g e
Babatunde, J. (2001). Agricultural Producer Co-operatives and

Agricultural Development in Nigeria. Journal of Cooperative

Economics and Management, 1(1), 54-89.

Castillo, E. (2015). Revised Guidelines Governing the Registration of

Cooperatives. Retrieved from

https://www.cda.gov.ph/index.php/78-resources/issuances/

memorandum-circulars-mcs/551-mc-2015-01-revised-guidelin es-

governing-the-registration-of-cooperatives

Ebonyi, V., & Jimo, O.B. (2002). Cooperative Movement: A Way Out of

Poverty. Longman Publisher.

Haan, J., Louter, K., & Gerard, G. (2003). Innovative Behaviour in India

Cooperatives; New Product Development in Traditional Sectors.

Retrieved from https://ivo.uvt.nl/fulltext/03oth2_groot.pdf

International Cooperative Alliance (1895). Statement on the Cooperative

Identity. ICA, Geneva. Retrieved from

Mather, J.W., & Preston, H.J. (1990). Cooperative Benefits and

Limitations. Cooperative Information Report, 1(3), 11-13, 18-20.

Philp, R. P., Haynes, P. J., & Helms, M. M. (1992), financial service

strategies on neglected niches. International Journal of Bank

Marketing, 10(2), 25-38. Retrieved from

https://doi.org/10.1108/02652329210012131

64 | P a g e
Reeves, M. (2003). A Wealth of Opportunities in a World of Limits: Free

Enterprises. Economics of Cooperation, Federal Reserve Bank of

Dallas. Retrieved from www.dallasfed.org

Ugogiare, J. (n.d.). Benefits of Co-operative Societies.

UWCC (2002). Cooperatives. University of Wisdom Center for

Cooperative.

65 | P a g e
Appendix A
Don Bosco

Name: Jorame Pacaña

1. What kind of cooperative is this sir?

Answer: koan, manpower services. Mao jud na among main nga serbisyo

nga gihatag sa mga taw. Pero naa gihapon mi savings, lending, og

garments. Ang garments namo dugay napud na nag sugod. Kasagaran gi

tahi nila ana mga uniform sa tsuneishi. Nya 7,000 ka paresan kada tuig,

naay sa mga contractors, mga studyante.

2. So mahug mog subcontract?

Answer: oo subcontractor gyud mi. so mao nay dako namo nga serbisyo

kanang pag supply og mga taw. Agency gyud. Manpower supply services.

3. Mo offer mog loans sir sa?

Answer: oo naa mi loan. Sauna amoang loan kay mga member ray maka

avail pero karon ning koan name ni cater name sa taga outsider nga dli

lang mga member. Okay rami mo release mi nila og loan basta naa lang

silay collateral, kanaang land title.

4. What is the objective of this organization sir?

Answer: Ang amo gyong objective sa coop nga maka hatag mo ig tabang

sa mga taw, di lang kay labi na sa panginahanglon karon noh nga

kanaang ang koan jud ani nga gi tukog ning Don Bosco cooperative kay

66 | P a g e
tungod atong nang graduate sa training center. Kay before gud inig

graduate, parehas nako batch 1 kos training center, nig graduate namo

kami pay mangita og koan kami pay mangapply para sa buanoy bisag

asa mi mo koan og mga subcon nga makasud mig trabaho. So mao to

ato nga time alumni nag kanaang na come up sa hunahuna ba nga hay

maayo nga magtukod tag cooperativepara ang cooperative na mismo

maoy mo sud nga subcon sa tsuneishi aron og naay mo graduate sa

training center dli na kinahanglan pang mo apply sa lain pang mga

agency or manpower supply, dritso nalang ba.

5. How long has this cooperative been operating?

Answer: mag 18 years na.

Sa Balamban rani sir or naa moy laing branch?

Answer: Sauna daghan mig branch. Ang main jud kay Balamban, nya

first branch namo na open sa Punta Prinsesa sa Labangon. Dayon naka

open mig Tondo unya naka open mig CDO dayun sa Davao. Pero karon

nga koan namo gi anam2 pud namo siyag close tong mga branch namo

labi na tong sa layo kay tungod sa bag-o nga patakaran ron sa DOLE ba

sa DO174 nga registration, hasul man gud siya labi na mo renew ka sa

registration kay ang tanan nimong client ila man gyong adtuon,

bisitahon gyud nila ba. Nya og daghan kaykag client dugay kaayo

mahuman ang pag bisita nila. Like atong pag 2017 nga nahunong mi sa

tsuneishi kay wa dayon mi release-I sa DO174 nga application namo sa

67 | P a g e
registration abtan pamig 1 year usa pa na release. Atong time-a gi

hinay2 namo og… ang among mga client mismo maoy ning putol sa

contract ba tungod atong wa mi registration kay ma illegal man pud mi

so mao to among gi hinay-hinayag koan ang mga branches. Sa

pagkakaron ang nahabilin namo ang Cebu City nalang.

6. Specifically sir in what ways can you help your members?

Answer: Koan, sa ilaha gyong financial kasagaran. Kay ang cooperative

gud daghan man gud siyag ma hatag sa miyembro labi na jud miyembro

ka nya trabahante ka kay in case wala kay kwarta maka dali2 man kag

duol sa coop. Example naa baka roy bayrunon sa skwelahan maka

hangyo man kas coop. and coop gyud daghan og benefits labi na gyud og

trabahante ka.

7. Pero aside sa trabaho sir unsa may mga lain pang benefits inyo

mahatag sir?

Answer: Kung member lang ka nya di ka trabahante, ang benefits

madawat nila inig every year kanang dividend og patronage kay ang

dividend wa man mi nahitabo nga sukad pag sugod aning cooperative

wala mi dividend inig tapos sa tuig. Kay ang dividend koan mana

ginansya mana sukad sa January to dcember. Naa kay ginansya ana

mao toy bahinon sa mga member base sa ilang CBU or capital build up

nga gi put up dri. Kay kanang CBU silbi mao manay puhonan. Kung

68 | P a g e
gamay silag CBU nga gi put up, inig bahin pud gamay rapud silag

madawat kay percentage mana sila

8. So let me clarify sir, ang paagi sa inyong cooperative sir kanang gi

gamit ninyo ang kwarta sa mga taw para e invest sir sa mga man power

services nya mag give sad ka nilag mga jobs .

Answer: Ang purpose gyud anang mag put up ka og CBU, kanang mga

member mag put up og CBU, para naay ikapuhonan ang cooperative

nga ipa, pananglitan pag sugod gyud aning coop ang serbisyo nga gi

hatag kay savings and lending. So para naay mo apply loan nga mga

member naay ika release kay pag sugod aning cooperative ang CBU nila

kay 6,000 raman.

9. How many members do you have as of now?

Answer: Sa pagkakaron murag koan ra 700 nalang da sa Cebu City pero

ang active ana murag mga 200 nalang siguro kapin . kay kanang uban

maong daghan na siya gud kay kanang uban kato nang daghan pa mig

mga client sauna nya nahunong nya balhin silag laing agency nya wa

bitaw nila gikuha ilang CBU so meaning member gihapon sila kay wa

man sila ni withdraw sa ilang membership. Pero inactive sila kay wala

na silay apil2 og meeting.

10. Katong mga inactive sir makadawat gihapon to silag dividend?

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Answer: katong inactive naa gihapon to silay dividend nga madawat pero

dli ingon nga madawat jud nila personal. Naa gihapon silay bahin pero

ihapak ngadtos ilang CBU rapud. Murag e flowback bas a ilang CBU ang

katong mga walay utang. Naa man say mga member sauna nga

nahunong nya naay utang gibilin so kung naa silay dividend automatic

ikoan sad gyd na sa iyang utang. Katong way utang autamoatic ipuno

tos iyang CBU. Pero katong active gyud nga member namo kung naay

dividend madawat gyud to nila. And then ang dividend mag depende sa

ilang contribution.

11. Personal experience sir how does this cooperative change your life?

Answer: Para nako dako gyud og kausaban kay mag 16 years naman

sad ko dinhi sa coop. after ni graduate kog training center, wa man ko ni

trabaho dayun og coop didto man ko ni trabaho og syudad. Sud sa 3 ka

tuig nakong pag trabago sa syudad and akong napalit drawer ra gyud.

Kanaang orocan ba. Pero pag sugod nako dri, kaluy-an sa Ginoo daghan

nakog na pundar. Nana koy balay unya naa koy sakyanan ana ra. So

dako gyud og na tabang ang cooperative para nako.

12. What is your vision and mission statement? (answer gi picture-ran

ra)

People’s Cooperative

Name: Evan N. Modena

70 | P a g e
1. What kind of cooperative is this?

Answer: Multipurpose cooperative

2. What are its functions?

Answer: Cebu people’s cooperative so we are serving to community

members. So ang amoang mga products and services naa mi lima ka

products and services (presented in the handouts given)

3. Kaning nakit-an namong beauty products ma’am?

Answer: Ang beauty products part nas other services namo. Kay multi-

purpose man siya. Kay ang cooperative man gud naa man goy daghang

klase sa cooperative, naay credit cooperative so magpautang ra jud na

sila, kung adto pud kas manpower cooperative so naghatag rapud to

silas mga trabahante. Naa poy cooperative nga worker’s cooperative

purely sa koan rajud na trabahante pud. Kami multipurpose mi. naa mi

manpower pud, pero ang amoang 90% sa amoang service is lending, so

into lending mi. Naa pud mi transport cooperative kanang sa mga

vehicle. Kanang nag control anang kana bitawng naa sa LTFRB

cooperative man pud na sila pero sa transport lang. kanang nag control

anang mga jeep sa cebu, licensed pud mi ana.

4. Non-profit mo ma’am noh?

Answer: Yes, non-profit.

5. So unsa may objectives aning inyong organization ma’am?

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Answer: (mag base ra sa gihatag)

6. How long have you been operating in Balamban?

Answer: 11 years. Pero ang cebu people’s coop mag 47 years name

karong December 21.

7. Pila kabuok members ninyo ma’am?

Answer: Naa name sa 100,000 members nationwide. Sa Balamban (naa

sa gihatag nga copy) Duha man gud ka klase ang membership, naay

associate nya naa poy regular. Kung mo ingon tag regular, member jud

na siya nga pwede siya mo avail og loan. Kung mo ingon tag associate,

mga depositor lang.

8. In what ways ma’am can you help your members?

Answer: Mostly man gud among members kay negosyante so instead

nga adto sila mang loan sa mga loan sharks, so amo silang e invite nga

magpa member sa people’s coop. Kay aside sa mobu og interest, maka

hatag man mig dividend og profit sharing. So whatever income sa

cooperative kanang e divide na based sa ilang ownership sa coop.

Daghan advantage ang coop kaysa bank.

9. Personal experience ma’am maka ingon ka ang coop nakapausab sa

imong kinabuhi?

Answer: Oo, kay I’ve been to corporate man pud. Sa corporate man gud

og mo trabaho ka mao rajud na imong sweldo, kung naa sad kay

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overtime naa na pero sa cooperative man gud naa man mi mga target

per branch so if ever ma hit namo among target naa pud mi additional

incentives kay koan mana siya working honors ba. So kung adto kas

corporate trabahante raman jud ka, so usa na nga advantage. Nya aside

ana kung imong family, kami mga working honors extended among

benefits sa among family. So if ever ma hospital among family, covered.

Sa regular member naa pud, pananglitan ma hospital sha bali kami mo

bayad sa ilang hospital bill dri sila mag instalment sa amoa at 1%. Naa

pud mi accident insurance, naa poy health insurance katong HMO in

partnership pud na namo sa laing cooperative pud.

10. Ni engage bamo into charitable works ma’am?

Answer: sa Sto.Nino naa mi feeding program every Wednesday of the

month. Naa sad nang social service namo, coastal clean-up mga ing-ana.

Aim Coop

Name: Orestes C. Talingting

1. What kind of cooperative is this?

Answer: Open-type of cooperative. Na belong ta sa large-scale

cooperative. Meaning open-type pwede tang makapahimong member sa

members nga gikan sa laing cooperative or current members sa uban

nga coop, pwede pud natong mahimong member. Ang aim coop 52 years

73 | P a g e
of service nata since 1967. Top 10 sa whole Philippines na belong ta ana

ang aim coop.

2. Kanus-a nag sugod sir ang Balamban?

Answer: December 8, 2015. Kita maoy ika 56 nga branch sa aim coop.

3. How does this cooperative work sir?

Answer: Ang cooperative nato kailangan mangoan ta og mga members

kay para mahimong entitled sa atong previleges like for example loans og

duna sad tay mga benefits as long as mahimong regular ka nga member.

So from the start associate member and then to regular member. Like

for example sa inyo laboratory nga pwede mahimong member ang below

18 years. 18 years old and above pwede mahimong either associate or

regular member. So mao ni aoang category sa atoang membership.

Unya, regular member duna tay full benefits meaning simbako unsay

mahitabo sa miyembro, covered sha sa atoang insurance o damayan.

Ang health nato limited rasad na didto rasad nas atong main office. Ang

gi apply nato dris mga branches is the partnership. Partner hospital and

partner school. Dri sa Balamban, partner nato ang usjr. Duna tay

scholarship program. Parte sa health naa gihapon ta pero partnership

ang atoang pamaagi.

4. Unsaon pag apply sa scholarship sir?

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Answer: koan lang kung member ang mama and/or papa dapat member

sila with good standing. Unya naa say agreement through moa or

memorandum of agreement.

5. Unsay products ninyo sir?

Answer: products nato savings and credit. Didto sa main office duna tay

mga products like copra-buying. Diri wala man ta dri. Limited ra atoa

dri sa mga loans, klase sa loans. Unya savings duna tay gi tawag sad og

products man sad noh nga ma offer nato sa members nga like time

deposits meaning ang member nato maoy mag invest sa atoang coop.

usa ta sa coop nga wa tay outside borrowings. Ang atoang gi lihok nga

capital sa atoang cooperative kwarta ra gyud na sa mga miyembro.

6. Pero ang dili member ninyo sir maka avail og loan?

Answer: Dli

7. In what way sir can you help your members?

Answer: Daghan. Financially maka provide ta at low interest. Unya

flexible terms sad sa atoang loans. By offering low interest loans unya

benefits. Maka tabang sad ta interns sa tabang sa commercial nila. Sa

ilang businesses like dinhi sa Balamban daghan og nag initiate anang

swine production.

8. Unsay kalahian ninyo sa uban coop sir?

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Answer: Ang coop ang number one nga kalahian is stable ta noh. No

outside borrings unya makahatag sa pinaka lowest interest sa atoang

members unya makahatag sa atoang mga benefits like for example duna

sad tay mga rice incentives.

9. pila kabuok inyo members sir?

Answer: Overall is 1.1 million. Pero dinhi sa Balamban duna natay mga

800 plus in a 4-year span of operating. More than 4 years of operation

duna tay 800 plus members.

FCCT Coop

Name: Joralyn Agbay

1. What kind of cooperative is this?

Answer: Multipurpose cooperative

2. What are its functions?

Answer: Cebu people’s cooperative so we are serving to community

members. So ang amoang mga products and services naa mi lima ka

products and services (presented in the handouts given)

3. Why FCCT ang name?

Answer: Originally, daghan mi mga cooperatiba nya nag pundok nahimo

ming usa. So ang meaning sa FCCT kay First Consolidated Cooperative

Along Tañon Seaboards.

76 | P a g e
4. How long namo sa Balamban?

Answer: 16 years na.

5. So unsa may objectives aning inyong organization ma’am?

Answer: (mag base ra sa gihatag)

6. In what ways can you help your members?

Answer: Daghan. We offer many services like manpower, loans, nya credit ug savings.
7. Unsay kalahian ninyo sa uban coop maam?

Answer: we are a group of cooperatives formed into one.

8. pila kabuok inyo members sir?

Answer: as of now, mga 400 dri sa Balamban.

Lamac Multi-Purpose Cooperative

Name: Maria Cuyos

1. What type of cooperative?

Answer: Multipurpose

2. How did it started?

Answer: It started first in Pinamungahan. Lamac is the name of the

barangay in the municipality there

3. How does your cooperative work?

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Answer: We have many services lending, manpower, and we also have

many products (gives a copy)

4. In what ways can you help your members?

Answer: Daghan man. Mainly, through our products and services

5. How many members and branches do you have?

Answer: 3,016 in Balamban 42 branches in the Visayas.

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Appendix B

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Appendix C
January 22,2020

Mrs. Nilda L. Lim

School Principal
Saint Francis Academy
Balamban, Cebu

Dear Mrs. Lim:

Greetings of Peace and Goodness!
We, the Grade 12 students of Saint Francis Academy, currently taking up Accountancy,
Business and Management will conduct a study entitled Effects of Thrift and Credit
Society on Enhancing Members’ Living Standard in Balamban, Cebu. This study
hopefully seeks to find out the impact of Thrift and Credit Society on Enhancing Members’
Living Standard in Balamban, Cebu. The study can help the future members of the
cooperatives in such way that it provides the information one must know before starting
up a membership to a cooperative and the benefits they could get. This study could also
be a great help to the cooperatives itself in enhancing relationships among its members
and in implementing ways that could help members address economic problems.

In line with this, we would like to request for your endorsement for this study. We look
forward for a positive response and approval.
Thank you.

Sincerely yours,
Llama Selina Tijap John Joseph Rosario

Dave Matthew Fajardo Eumel June Suico

Noted by

Miss April Rose Nipaya

Research Adviser

Approved by
Mrs. Nilda L. Lim
School Principal

83 | P a g e
February 14, 2020

Mr./Mrs.
Don Bosco
Pondol, Balamban,Cebu

Dear Mr./Mrs.________________:

Greetings of Peace and Goodness!

We, the Grade 12 students of Saint Francis Academy, currently taking up
Accountancy, Business and Management would like to ask your favorable
permission to conduct our study in this cooperative. This study is entitled Effects
of Thrift and Credit Society on Enhancing Members’ Living Standard in
Balamban, Cebu.
The researchers would like to collect data from this cooperative. We want to more
how a cooperative works and its impact to the part of the community and to its
members. This is for our research project, one of the requirements for our
graduation and it would be of a great help to us if you decide to take part in our
study.
For further questions and discussion you may e-mail us at yamietolero@gmail.com
We are hoping for your positive response and active participation in our study.

Sincerely yours,

Llama Selina Tijap Dave Matthew Fajardo Eumel June Suico

John Joseph Rosario

Noted by:

1|Page
Miss April Rose Nipaya
Research Adviser

February 14, 2020

Mr./Mrs.
Aurora Integrated Multipurpose Cooperative
Sta. Cruz-Sto.Nino, Balamban, Cebu

Dear Mr./Mrs.________________:

Greetings of Peace and Goodness!

We, the Grade 12 students of Saint Francis Academy, currently taking up
Accountancy, Business and Management would like to ask your favorable
permission to conduct our study in this cooperative. This study is entitled Effects
of Thrift and Credit Society on Enhancing Members’ Living Standard in
Balamban, Cebu.
The researchers would like to collect data from this cooperative. We want to more
how a cooperative works and its impact to the part of the community and to its
members. This is for our research project, one of the requirements for our
graduation and it would be of a great help to us if you decide to take part in our
study.
For further questions and discussion you may e-mail us at yamietolero@gmail.com
We are hoping for your positive response and active participation in our study.

Sincerely yours,

Llama Selina Tijap Dave Matthew Fajardo Eumel June Suico

John Joseph Rosario

2|Page
Noted by:

Miss April Rose Nipaya

Research Adviser

3|Page
February 14, 2020

Mr./Mrs.
FCCT Cooperative
Poblacion, Balamban, Cebu

Dear Mr./Mrs.________________:

Greetings of Peace and Goodness!

We, the Grade 12 students of Saint Francis Academy, currently taking up
Accountancy, Business and Management would like to ask your favorable
permission to conduct our study in this cooperative. This study is entitled Effects
of Thrift and Credit Society on Enhancing Members’ Living Standard in
Balamban, Cebu.
The researchers would like to collect data from this cooperative. We want to more
how a cooperative works and its impact to the part of the community and to its
members. This is for our research project, one of the requirements for our
graduation and it would be of a great help to us if you decide to take part in our
study.
For further questions and discussion you may e-mail us at yamietolero@gmail.com
We are hoping for your positive response and active participation in our study.

Sincerely yours,

Llama Selina Tijap Dave Matthew Fajardo Eumel June Suico

John Joseph Rosario

Noted by:

Miss April Rose Nipaya

Research Adviser

4|Page
February 14, 2020

Mr./Mrs.
People’s Coop
Aliwanay, Balamban, Cebu

Dear Mr./Mrs.________________:

Greetings of Peace and Goodness!

We, the Grade 12 students of Saint Francis Academy, currently taking up
Accountancy, Business and Management would like to ask your favorable
permission to conduct our study in this cooperative. This study is entitled Effects
of Thrift and Credit Society on Enhancing Members’ Living Standard in
Balamban, Cebu.
The researchers would like to collect data from this cooperative. We want to more
how a cooperative works and its impact to the part of the community and to its
members. This is for our research project, one of the requirements for our
graduation and it would be of a great help to us if you decide to take part in our
study.
For further questions and discussion you may e-mail us at yamietolero@gmail.com
We are hoping for your positive response and active participation in our study.

Sincerely yours,

Llama Selina Tijap Dave Matthew Fajardo Eumel June Suico

John Joseph Rosario

Noted by:

Miss April Rose Nipaya

Research Adviser

5|Page
February 14, 2020

Mr./Mrs.
Lamac Coop
Aliwanay, Balamban, Cebu

Dear Mr./Mrs.________________:

Greetings of Peace and Goodness!

We, the Grade 12 students of Saint Francis Academy, currently taking up
Accountancy, Business and Management would like to ask your favorable
permission to conduct our study in this cooperative. This study is entitled Effects
of Thrift and Credit Society on Enhancing Members’ Living Standard in
Balamban, Cebu.
The researchers would like to collect data from this cooperative. We want to more
how a cooperative works and its impact to the part of the community and to its
members. This is for our research project, one of the requirements for our
graduation and it would be of a great help to us if you decide to take part in our
study.
For further questions and discussion you may e-mail us at yamietolero@gmail.com.
We are hoping for your positive response and active participation in our study.

Sincerely yours,

Llama Selina Tijap Dave Matthew Fajardo Eumel June Suico

John Joseph Rosario

Noted by:

Miss April Rose Nipaya

6|Page
Research Adviser

7|Page
8|Page