ARTICLES OF COOPERATION

OF
HELPULL CREDIT COOPERATIVE

KNOW ALL MEN THESE PRESENTS:

We, the undersigned Filipino citizens, of all legal age and residents of the
Philippines, have on this day voluntarily agreed to form a primary cooperative under the
laws of the Republic of the Philippines.
AND WE HEREBY CERTIFY:
ARTICLE I
Name of the Cooperative
That the name of this Cooperative shall be HELPULL CREDIT
COOPERATIVE

ARTICLE II
Objectives
That the objectives for which this Cooperative is formed are:
Primary
1. To inculcate a culture of thrift and assist members to attain financial stability
through periodic savings and financial discipline;
2. To create funds and grant loans to members for productive and providential
purposes;
3. To promote the upliftment of the quality of life of its members through mutual and
cooperative assistance.
Secondary
In addition to the objectives and purposes provided for under Republic Act No. 6938,
which are hereby made an integral part of this Articles of Cooperation; this Cooperative
adopts the following secondary objectives.
1. To actively support the government and other concerned organizations, both local
and foreign, in promoting cooperatives as a practical means towards sustainable
socio-economic development under a truly just and democratic society;
 2. To develop the knowledge of the members on the principles and practices of
cooperatives to enable them to actively and competently participate in managing
the affairs of the Cooperative;
3. To institutionalize a dynamic savings mobilization and capital build-up schemes to
sustain its development activities and long-term investments, thereby ensuring
optimum economic benefits to the members, their families and the general public;
4. To implement policy guidelines that will ensure transparency, equitable access to
its resources and services, and promote the interest of the members; and
5. To adopt such other plans as may help foster the welfare of the members, their
families and the community.

ARTICLE III
Powers and Capacities
In furtherance of and not in limitation to the powers and capacities conferred by
Republic Act No. 6938, this Cooperative shall have the following juridical powers and
capacities:
1. To draw, make, accept, endorse, guarantee, execute, and issue promissory notes,
bills of exchange, debentures, bonds, drafts, warrants, certificates and all other
kinds of obligation and instruments in connection with its lawful business
operation;
2. To contract indebtedness and/or enter into joint ventures with local or foreign
entities in order to achieve its goals and economic plans and programs;
3. To purchase, receive, take or grant, hold, convey, sell, lease, pledge, mortgage,
and otherwise deal with such real and personal property as the transaction of its
lawful affairs may reasonably and necessarily require, subject to the limitations
prescribed by law and the Constitution of the Philippines;
4. To exercise such other powers as may be essential and necessary to carry out its
objectives in accordance with law.

ARTICLE IV
Area of Operation
That this Cooperative shall operate within Leyte and its principal office shall be
located at Tacloban City.
 ARTICLE V
Term of Existence
That the term of which this Cooperative shall exist is Fifty (50) years from the date
of its registration with the Cooperative Development Authority.

ARTICLE VI
Common Bond of Membership
That the common bond of membership of this Cooperative is associational and
shall be open to all natural persons, Filipinos, of legal age, with the capacity to contract
and members of HELPULL CREDIT COOPERATIVE and possess all the qualification
and none of the disqualifications provided for in the By-laws.

ARTICLE VII
Name, Nationality and Address of Cooperators
Name Nationality Address

1. Kimberly Gallaron Filipino Mayorga,Leyte

2. Samantha Fernandez Filipino Tacloban, City

3. Ashianna Kim Filipino-Korean Tacloban, City

4. Amora Elyse Vera Filipino-American Tacloban, City

5. Clyden Lemuel Juarez Filipino Tacloban, City

6. Jude Clein Cox Filipino-American Baybay, Leyte

7. Jaedezelle Silva Filipino McArthur,Leyte

8. Jinx Calvin Titus Filipino Abuyog,Leyte

9. Jandrei Padilla Filipino Baybay,Leyte

 10. Kitlane Salazar Filipino Abuyog,Leyte

That the names, nationalities and addresses of the cooperators are as follows:

ARTICLE VIII
Board of Directors
That the number of directors of the Cooperative shall be nine (9) and the names,
citizenship and residence of the founding directors who are to serve until their successors shall
have been elected and qualified as provided by the by-laws are:

Name Nationality Address

1. Dr. Myrna S. Englis Filipino-American Tacloban, City

2. Prof. Ludivina A. Clar Filipino-American Tacloban, City

3. Ms. Rhodora P. Calo Filipino Baybay,Leyte

4. Ms. Nora G. Carbonel Filipino-American Tacloban, City

5. Mr.Rodolfo A. Claro Filipino Abuyog,Leyte

6. Ms. Corazon S. Cortes Filipino Mayorga,Leyte

7. Dr. Myrna V. Ligaray Filipino Tanauan, Leyte

8. Dr. Aida S. Mahinay Filipino Baybay,Leyte

9. Dr. Roly Ann B. Trinidad Filipino Tacloban, City

ARTICLE IX
Capitalization
That the authorized Share capital of this Cooperative is One Billion Pesos
(P1,000,000,000) Philippine Currency, divided into Eighteen Million (18,000,000) common
shares with a par value of Fifty pesos (P50.00) per share and 2,000,000 preferred shares with a
par value of fifty pesos (P50.00) per share.
 ARTICLE X
Subscribed and Paid-up Share Capital
That at least twenty-five percent (25%) of the authorized share capital has been
subscribed and at least twenty-five percent (25%) of the total subscription has been paid by the
following member-subscribers: (The minimum total paid-up common share is P4,500,000)

A. Common Share Capital Subscribers:

Name Shares Subscribed Amount of Shares Paid Up
Paid Subscription
1. Uriel Mercadejas 2,500,000 shares P125,000,000 P62,500,000

2. Orianne Ocampo 2,000,000 shares P100,000,000 P50,000,000

3. Dahlia Angeles 1,500,000 shares P75,000,000 P37,500,000

4. Schuyler Rockwell 1,000,000 shares P50,000,000 P25,000,000

5. Zane Roscoe 1,000,000 shares P50,000,000 P25,000,000

6. Royce Solarez 500,000 shares P25,000,000 P12,500,000

7. Theo Lavin 500,000 shares P25,000,000 P12,500,000

B. Preferred Share Capital Subscribers:

Name Shares Subscribed Amount of Shares Paid Up

Paid Subscription

1. Fatima Dela Cruz 500,000 shares P25,000,000 P20,000,000

 2. Maria Descartin 200,000 shares P10,000,000 P7,000,000

3. Izaak Davidson 150,000 shares P7,500,000 P3,000,000

4. Syl Monasterio 150,000 shares P7,500,000 P2,500,000

BE IT KNOWN THAT:
Amora Elyse Vera has been appointed as TREASURER of the Cooperative to act as
such until his/her successors is duly appointed and qualified in accordance with the by-laws. As
such treasurer she has been authorized to received payments and issue receipt form membership
fees, share capital subscriptions and other revenues for and in the name of this Cooperative.
IN WITNESS WHEREOF, the parties have here unto set their hands this 27 day of
December 2020 in Tacloban City.

__________________ ____________________
Kimberly Gallaron Jude Clein Cox
President Vice- President

__________________ ____________________
Samantha Fernandez Jaedezelle Silva
Secretary Member/General Manager

__________________ _____________________
Amora Elyse Vera Jinx Calvin Titus
Treasurer Member/Manager
______________________
__________________
Jandrei Padilla
Ashianna Kim
Member
Member/Manager

__________________ ______________________
Clyden Lemuel Juarez Kitlane Salazar
Member Member
 SIGNED IN THE PRESENCE OF:

_____________________________ ______________________________
Signature Over Printed Name Signature Over Printed Name
 ACKNOWLEDGEMENT

Republic of the Philippines )

City of Tacloban ) S.S

BEFORE ME, a Notary Public in the City of Tacloban, personally appeared with his
Community Tax Certificate No. 74638521 issued at Tacloban on 27 December 2020, known to
me and to me known to be the same persons who executed the foregoing instrument, and he
acknowledge to me that the same is his free act and deed.
This instrument, consisting of Nine (9) pages, including this acknowledgement is written,
has been signed on the left margin on each and every page thereof by Ms. Kimberly Gallaron and
his witnesses, and sealed with my notarial seal.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on
the day year and place first above- written.

Atty. Kalix Jace Martinez

Notary Public for Articles of Incorporation
Commission Serial No. 17-01-02-10-27
Until December 31, 2021
Office Address Tacloban, City
Roll of Attorney No. 52343
PTR No. 5/ Issued at Tacloban City/on 10 January 2019
IBP NO. 15/18 June 2019/ Tacloban City

Doc. No. 134

Page No. 71
Book No. 03
Series of 2020
 TREASURER’S CERTIFICATE

Republic of the Philippines )

City/Municipality of Tacloban ) S.S
Province of Leyte )

I, Amora Elyse Vera being duly sworn in accordance with law, depose and say that:

I have been elected by the subscribers of the cooperative as Treasurer thereof to act as
such until my successor has been duly elected and qualified in accordance with the by-laws of
the cooperative, and that as such Treasurer, I hereby certify under oath that at least 25% of the
authorized capital stock of the cooperative has been subscribed and at least 25% of the
subscription has been paid, and received by me in cash property for the benefit and credit of the
cooperative.
This is also to authorize the Securities and Exchange Commission and Bangko Sentral ng
Pilipinas to examine and verify the deposit in Land Bank of the Philippines. in my name as
treasurer in trust for the subscriptions paid in by the subscribers in the amount of Two Hundred
Fifty-Seven Million Five Hundred Thousand Pesos (P 257,500,000) representing the paid-up
capital of the said cooperative which is in the process of cooperation. This authority is valid and
inspection of said deposit may be made even after the issuance of the Certificate of Cooperation.
Should the deposit be transferred to another bank prior to or after cooperation, this will also
serve as authority to verify and examine the same. The representative of the Securities of
Exchange Commission is also authorized to examine pertinent books and records of accounts of
the cooperative as well as all supporting papers to determine the utilization and disbursement of
the said paid-up capital.
In case the said paid-up capital is not deposited or withdrawn prior to the approval of the
articles of cooperation, I, in behalf of the above named corporation, waive our right to a notice
and hearing in the revocation of our Certificate of Cooperation.

_____________________
TREASURER