THE CREDIT COOPERATIVE

I. INTRODUCTION:
This cooperative is managed and owned by its members, and can borrow at a low percentage
of interest from the amount of money accumulated as a group. This financial credit cooperative
is ready to provide financial services to those are need of money with low interest in our
community. Because of the better opportunities provided by RA-9520/CDA, I have the courage
to decide to stand up to form a cooperative to deliver financial services to the people as much as
we can. We promise to always find a way to strengthen and expand the services of this
cooperative to held reduce poverty and strengthen the livelihood of every Filipino family and
help raise the economy of our country.
II. METHODOLOGY:
What is a Cooperative?

A cooperative is a group with independence, autonomy, and a registered association. Have

similar thoughts and volunteer to come together with knowledge to face the trial and have
patience when it comes to negotiation, ready to put their money as far as they can to reach the
economic, social, and cultural needs. Willing to patronize the products and services of the
cooperative and willing to receive an equal share of losses and benefits consistent with the
general rule accepted as the principle of the cooperative.

What is a Credit Cooperative?

Credit cooperatives provide savings and lending services to their members. It generates a
lot of funds from members to provide financial assistance and other related financial services to
fellow members. They can also be used for provident and productive purposes. The credit
cooperative, like the bank, does the same numbers in saving, credit, and operations because of its
financial product. 

Methods And Must be done in the Formation of the Cooperative

1) Encourage at least 15 persons who are Filipino Citizen, and above 18 years old.
2) Do the per-feasibility study.
3) Do the business plan and invite more people to become a member.
4) A residence of Municipality of Irosin.
5) Make articles for the cooperative and file.
6) Obtaining a license and permit to operate for the said cooperative.
7) Create By-Laws for its capitalist, leaders, officers, members that will serve as a legal basis for
each member to follow.
8) Prepare membership application forms for its prospective members.
9.) Organize meeting to all members and execute an election to choose leaders and officers for
the available positions within the cooperative.
10.) Hold and give free membership seminars for those who want to become members so that
they know their duties and rights as members.
 Measures to Operate the Cooperative
A Cooperative director or manager must have an effective method of operating the business
organization. There are answers given to the problems brought by climate change and its effects
on the environment, human resources, and government. All due compliance with the rules and
policies of the cooperative is done.
Principles:
1. There is a clear preference in mind and self not just forced..
2. There is a free association.
3. Member's economic participation
4. Autonomy and independence.
5. Information dissemination, educating, and giving training to the members.
6. Working harmoniously among cooperative members.
7. With concerned to the community.

Ways to Maintain the Credit Cooperatives

The credit of the cooperative earns the percentages that it lends to its members and the
continued expansion and increase of its members, and those who deposit money without doubt
lose it and reap a small percentage for the cooperative. The money of the cooperative can be
invested in other cooperatives that have a high percentage, are richer, and have been in operation
longer.

The share capital of the cooperative can be invested in the stocks of a corporation. The
amount paid by the cooperative to its members or by the corporation to its stockholders comes
from their net income or clear income If I am going to invest in stock investing, I need to make
sure that it is listed in the PSE and that it has a secondary license from the SEC. The stock you
sell or buy must be legal for the security of the cooperative's money

Before entering stock investing, makes you go through this process. 1) Financial plan. 2)
Emergency savings. 3) Government mandated benefits such as Phil-Health etc. 4) Insurance. 5)
No bad debt. 6) Pooled funds. 7) Read a book and attended a seminar about stock investing.
You can also study the different legalities in investing money in other financial investments,
whether private o government. These are done by a cooperative especially a credit cooperative to
provide continuous service, expend and grow the cooperative.
The Vision and Mission of Credit Cooperative
Vision:
Can solve and end poverty, and reach everyone's dreams as long as there is cooperation of every
Filipino family member.
Mission:
1. Our mission is to help attain the sustainable livelihood of our members in their financial needs
2. To guide members on how to reach out and handle their money wisely
3. To contribute for the progress of the community and the environment.