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FICCO’S 66TH GENERAL ASSEMBLY

THROUGH A REFERENDUM
A SUCCESSFUL ANNUAL GATHERING IN THE NEW NORMAL

F
irst Community Cooperative (FICCO) managed to conduct its In order to provide relevant information and to update the members of
General Assembly in the new normal despite the challenges and FICCO’s performance for the previous year, a creative and informative
changes brought by the Covid-19 pandemic. This year’s assembly way of conducting the assembly was initiated. A “Consultative Meeting
was conducted from March 1 to 31 through a referendum with the theme: and Open Forum” with the chosen radio stations in various areas and
“FICCO’s Resiliency Amidst Pandemic: Managing Covid-19 Setbacks can be viewed via Facebook live was made possible. This served as an
and Ready to Transform and Thrive,” duly approved by the Cooperative avenue for the members to hear updates and express their concerns.
Development Authority (CDA) with the condition that the protocols set
and mandated by the government are observed without jeopardizing the
safety of the members.

The assembly formally commenced with an Opening Salvo last March


1, 2021, aired live and shown simultaneously in all FICCO offices at
exactly 8:15 in the morning where members can actually watch while
waiting for the processing of their transaction. Dir. Susan P. Ybañez, the
Chairperson of the Board, officially opened the 66th General Assembly
through a referendum and call to order. Present in the opening of this
year’s assembly are the other members of the Board: Dir. Elmo C.
Bautista, Dir. Verona B. Tagayuna, Dir. Rosario B. Ferrer, Dir. Lelanie T.
Combate, Dir. Luis Antonio S. Yap and attended virtually by: Dir. Luis U.
Espino, Dir. Mary Jane A. Cacho, and Dir. James P. Longcob. The Chief FICCO Board of Directors (from left to right): Dir. Luis Antonio Yap, Dir. Rosario Ferrer,
Executive Officer, Mr. Edgardo A. Micayabas, BOD Secretary, Ms. Ester Dir. Susan Ybañez, Dir. Elmo Bautista, Dir. Verona Tagayuna, Dir. Lelanie Combate
D. Mambayas, BOD Treasurer, Ms. Jennifer T. Miole, and the Regional
Managers of FICCO are also present to grace the event. The unique way of conducting the forum had gathered positive
feedback from the members all over the world:
FINANCIAL HIGHLIGHTS (as of MARCH 2021)

Hearing positive feedback and applause from our valued members


encourages the FICCO Board of Directors, management and staff to
thrive hard and do their best in all their undertakings.

To formally close the General Assembly, last March 31, the adjournment
program was simultaneously aired live in all FICCO offices at exactly
4:00 in the afternoon with FICCO’s Board of Directors, Chief Executive
Officer and Regional Managers. During the program, all of the FICCO’s
Outgoing Officers and Employee Awardees were recognized for their
hard work, loyalty, and dedication during those years where they imparted
their knowledge and incomparable service to FICCO and its members.
Messages of gratitude were also given by the Board of Directors.

FICCO will continue to serve its members and will stay true to its mission:
to uplift the standard of living and quality of life of its members.
Mabuhay ang FICCO!

www.ficco.org 1 FICCO
FICCO

The STAR Program Goes Digital THE NEW MANOLO OFFICE


Providing a Better Place for its Valued Members

F
irst Community Cooperative (FICCO) in partnership with the
Coca-Cola Philippines and the Technical Education and
Skills Development Authority (TESDA) have been empowering
women all over the country with its Sari-sari Store Training and Access
to Resources (STAR) Program. The program reached its target of
empowering 5,000 micro-retailer women all over the Philippines by
the end of the year 2020. The proud STAR program graduates are
now ready and equipped with the entrepreneurial skills to make their
business more viable.

In this new normal, and with the advent of the digital world, the digital
version of the STAR Program is viewed as a strategic means in
empowering more individual in the country. This paved the way for the
birth of iSTAR, a blended learning digital version of the STAR Program
Training Course. The approach is still the same only that it will be done
online. Amidst this changes especially in this pandemic, this version will
reach a wider audience who needs to improve their entrepreneurial-
management skills. This program will be for both men and women in the
micro retail business and those who still plan to put up a business, thus,
retaining its gender-sensitive in nature.

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FICCO believes that this training is imperative especially in this time fter years of operating
where resources has become more insufficient and the economic status iiiin a rented commercial
of the country has become more unstable. To carry on with reaching sspace, FICCO MManolo
out more micro-retailers, FICCO signed a Memorandum of Agreement has finally transferred to its
(MOA) for the iSTAR Program on October 6, 2020, together with the newly owned building lllllocated
regional partners via zoom platform. The program advocates safe-store at Barangay Tankulan, Manolo
procedures and gender-sensitive training access even at this time of Fortich, Bukidnon beside the
global pandemic. With iSTAR Program, the access to resources training Manolo Fortich Police Station
will be on the tip of the hand of the trainees, anytime and anywhere. last March 18, 2021. Apart from
its spacious working place, the
ground provides a three (3)
commercial spaces at 42 sq.
meter per area in a long term
basis. This edifice will solidify
FICCO as one of the strongest
cooperative in the country.

FICCO Team during the virtual iSTAR MOA signing Its blessing and inauguration
started with a mass officiated
by Rev. Fr. Mel Alcala- 52nd
Engr. Brigade Chaplain. The
presence of no other than
FCOF and PAGRO Partnership Honorable Mayor Clive D. Quiño made the event even more special.
The FICCO Board of Directors headed by Dir. Susan P. Ybañez also

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graced the event, together with its Chief Executive Officer, Mr. Edgardo
ven before the intervention of the pandemic, our farmers
A. Micayabas; the Regional Manager-4, Mr. Johnson M. Tan III; FICCO
hhave been raising their concerns particularly with regards
Manolo Officers, Bukidnon Branch Managers, management and staff
ttto the lower pricing of their produce. To address the common
were also around to witness this remarkable milestone.
problem, FICCO Community Outreach Foundation, Inc. took an
initiative step on partnering with the Provincial Agriculture Office
In this regard, the FICCO management and staff would like to take
of Misamis Oriental (PAGRO).
this opportunity to thank the Local Government Unit of Manolo headed
by Mayor Clive D. Quiño and Vice-Mayor Miguel D. Demate; the
This new partnership enables FCOF to buy the produce of farmers
Sangguniang Bayan members; barangay officials of Barangay
at a reasonable price. FCOF then sells the produce to market
Tankulan, and to the PNP and BFP Manolo Fortich, Bukidnon for their
vendor members of FICCO in a price that they can also get a
untiring support.
profitable amount. Instead of middlemen dictating the prices to
farmers, the farmers now have a say on their prices. It started with
fruits and vegetables, but now, it has expanded catering fisheries
and other related products. The partnership with PAGRO and
FCOF for the last few months has been promising since it has
brought our farmers a new hope that their products are facilitated
and patronized by the members.

If you are a market vendor or a farmer member within Misamis


Oriental and you wish to connect with us, you may contact us at
856-2119(local 113) or at 09268793317 and look for Ms. Michie
Carreon.

Ribbon cutting with Rev. Fr. Mel Alcala; Dir. Susan P. Ybañez; CEO Edgardo Micayabas,
Board of Directors and the FICCO management and staff

FICCO2 www.ficco.org
FICCO

APPROVED GENERAL ASSEMBLY APPROVED BOARD RESOLUTION


RESOLUTIONS 2021 1. RESOLUTION NO. 01-10-2021. Approval of the proposed Lending
Guidelines on KAYA & ANYO Loan Program under DA-ACPC, as follows:

1. GA RESOLUTION NO. 2021-01 AGRINEGOSYO (ANYO) – Micro and small business agribusiness
loan program for marginalized, small farmers and fisherfolk (MSFF)
TO STOP THE IMPLEMENTATION OF GA RESOLUTION # 2010- as defined in Section 4, RA8435, and further defined in Section 4d.,
02 THAT FICCO MEMBERS LIVING WITHIN THE 50 KILOMETER Presidential AO No. 21 of 2011, Revised IRR of RA8435.
RADIUS WILL NO LONGER BE OBLIGED TO AVAIL THE FUNERAL 1. ANYO LOAN – INDIVIDUAL SFF
SERVICES OF MSCF AND THEY WILL BE ENTITLED TO 100% OF
PARAMETER DESCRIPTION
THE MAF BENEFITS.
Loan a) Marginalized, small farmers and fisher folk (MSFF) as
2. GA RESOLUTION NO. 2021-02 Beneficiaries defined in Section 4, RA 8435, and further defined in
Section 4d., Presidential AO No. 21 of 2011, Revised
IRR of RA 8425;
CONSOLIDATE AND UPDATE THE QUALIFICATIONS AND
b) Must be a hands-on Farmer Producer engaged in the
DISQUALIFICATIONS OF OFFICERS. the disqualifications set forth in production of agri-fishery products;
Article 3 Section 13 be amended to read as follows: c) With proposed or existing agri project either owned
or leased;
ARTICLE 3 SECTION 13: DISQUALIFICATIONS d) Insurable age – 18 to 65 yrs (exit age);
Any member who is under any of the following circumstances shall e) FICCO member either a Common or Preferred share
be disqualified to be elected or appointed as Member of the Board of holder with at least minimum share and savings
deposit.
Directors or any Committee or to continue as such:
f) Permanent residence within the areas of operation
Holding any elective position in the Government; of FICCO.
Management staff or officers (elected or appointed) who is a g) With good credit standing;
candidate of any elective Government office, or who ran and won h) With no pending civil or criminal case;
or lost in his/her bid for election in a government office, shall not be i) Displayed good reputation and character;
allowed to hold any elected or appointed position in the Cooperative j) Registered with RSBSA
within a period of three (3) years from the date of filing of his/her 2. ANYO – MSE (Sole Proprietor)
certificate of candidacy or end of his/her term; PARAMETER DESCRIPTION
Holding any judicial, quasi-judicial, or prosecutory office in the Loan a) those engaging in a combination of agricultural produc-
Government; Beneficiaries tion, processing, buy and sell, and related services
Holding any post, appointive or elective, in another primary within the value- chain of the said crop/ livestocks being
cooperative; financed, and whose business is registered with the
Having served as Director of the Cooperative for two (2) consecutive DTI, Barangay or LGU (Mayor’s Permit) and with total
terms immediately prior to the election; assets not exceeding P15.0 million;
Having served as an officer of the Cooperative for four (4) b) Insurable age – 18 to 65 yrs (exit age);
consecutive years immediately prior to the election c) Permanent residence within the areas of operation
Members of the Board of Directors shall not hold any other position of FICCO;
directly involved in the day-to-day operation and management of d) With good credit standing;
the Cooperative; e) With no pending civil or criminal case;
Who is absent in the Board Meeting, whether regular or special, for f) Displayed good reputation and character;
three (3) consecutive Board meetings, unexcused absences, shall KAPITAL ACCESS FOR YOUNG AGRIPRENUERS (KAYA) – is a loan
be considered automatically terminated as member of the Board; facility for qualified young agripreneurs at zero (0%) interest to finance
Who is absent in the Board meeting, whether regular or special, the capital requirements of their start-up or existing farm/fishery business.
for five (5) Board Meetings, excused or unexcused, even if not KAYA aims to attract the younger generation of Filipinos to be key players
consecutive, during his/her term shall be considered automatically in attaining a food-secure Philippines with prosperous farmers and fishers.
terminated as member of the Board; KAYA LOAN
Candidates whose loan accounts with other Cooperatives, Banks, PARAMETER DESCRIPTION
or Financial Institutions, if any, are delinquent shall be disqualified Loan a) Young agriculture/fishery entrepreneurs (agri preneurs)
to run in any elective positions with FICCO; Beneficiaries who are of legal age (18 yrs old) up to 30 yrs old (as
Any existing BOD/ Committee officer whose account with other defined under Section 2 of RA 8044 (Youth Nation-
Cooperatives, Banks, or Financial Institutions, if any, are delinquent Building Act);
shall be suspended until such time that their accounts are updated; b) Agriculture and fishery graduates either formal or non-
Any active military or police official shall be disqualified from being formal schooling, including but not limited to graduates
elected as an officer of FICCO; of agriculture and fishery related degrees from higher
Any official or employee of the Cooperative Development Authority; education institutions, DA, and ATI-accredited TESDA
Having been convicted with finality, in an administrative proceeding, programs, farm schools, and secondary schools with
civil or criminal suits involving financial and/or property agri culture and fishery- related courses, as defined
accountability; or under Section 2 (d) of RA 11321 (Sagip-Saka Act) – IRR.
Having been disqualified by law. c) Age bracket – from 18 to 30 old;
d) Permanent residence within the areas of operation
3. GA RESOLUTION NO. 2021-03 of FICCO;
e) With good credit standing;
TO INVEST IN DIGICOOP TECHNOLOGY SERVICES FEDERATION f) With no pending civil or criminal case;
Displayed good reputation and character;
(DTSF) TO HELP IMPROVE THE QUALITY OF SERVICES OF ITS
AFFILIATE COOPERATIVES AND TO ENJOY IN FULL THE
ECONOMIC, SOCIAL AND SERVICE BENEFITS OF DIGITAL 2. RESOLUTION NO. 02-71-2021. Approved the granting of WASH
TRANSFORMATION AMOUNTING TO FIFTY MILLION PESOS Product – water connection to preferred shareholders under the following
(Php 50,000,000.00). terms and conditions:
a) Borrowing Limit: - Limited to MCWS water connection only
4. GA RESOLUTION NO. 2021-04
b) Must submit quotation (cost for water connection) from MCWS
c) Term: 36 mos.
TO CONFIRM THE INVESTMENT OF FICCO TO DAVAO CITY
d) Service Fee: .6% per month
CREDIT SURETY FUND (DCCSF) INCLUDING ITS DESIGNATED
e) Interest: None
AUTHORIZED REPRESENTATIVE AND ALTERNATE
f) Mode of Payment: Will be part of their monthly billing from MCWS
REPRESENTATIVE.
(non-payment-ground for disconnection)

www.ficco.org 3 FICCO
FICCO

AUCTION SALE 2021 FICCO Foundation: Uplifting the


Indigenous People’s Living
CAGAYAN DE ORO AREAS

T
o see Indigenous People (IP) groups and small farmers succeed
MINIMUM
LOCATION AREA (SQ.M.) has always been First Community Cooperative (FICCO) and
BID PRICE
FICCO Community Outreach Foundation, Inc’s (FCOF) dream.
1 Lumbia, CDOC 112 (Res.) 405,000.00 The 27 members of Madaguing Higaonon Tribal Association, Inc. from
Claveria, Misamis Oriental signed a Memorandum of Agreement (MOA)
MISAMIS ORIENTAL AREAS and received Adlai seeds from FCOF last April 19, 2021.
MINIMUM
LOCATION AREA (SQ.M.)
BID PRICE Adlai, also known as “Job’s Tears” which is considered as high-valued
1 Igpit, Opol, Misamis crop, can be used as a medicine, wine, an alternative for rice and many
114 (Res.) 175,000.00 more. Due to its various health benefits including Anti-diabetic, Anti-
Oriental
obesity, Anti-allergy, Anti-ulcer and
2 Lagonglong, Misamis
351 (Res.) 1,500,000.00 Anti-osteoporosis, the demand for
Oriental
Adlai has also outstretched abroad.
3 Anakan, Gingoog City 611 (Res.) 720,000.00 Considering the beneficial factors
4 Anakan, Gingoog City 2,001 (Res.) 575,000.00 and its market, farmers need to
5 Apas, Initao, Misamis produce more, thus, enables the
10,922 (Agri.) 760,000.00 other Indigenous People group to
Oriental
receive additional remuneration as
BUKIDNON PROVINCE AREAS part of the agreement.
MINIMUM
LOCATION AREA (SQ.M.)
BID PRICE
1 San Jose , Malaybalay
City
322 (Res.) 740,000.00 STAR
CARAGA REGION
Success Story
MINIMUM I am Merlyn D. Cuenca, 58 years old and a
LOCATION AREA (SQ.M.) resident of Barangay Pinamanculan, Butuan City.
BID PRICE
I am grateful to God for giving me the opportunity
1 Brgy. Lemon, Butuan City 361 (Res.) 350,000.00 to become part of the Sari-Sari Store and
2 Brgy. Libertad, Butuan Access to Resources- STAR Program and
414 (Res.) 2,300,000.00
City was trained on handling resources with the
3 San Teodoro, Bunawan, correct entrepreneurial skills. Before I became
569 (Res.) 242,000.00
Agusan del Sur
4 San Teodoro, Bunawan, part of the program, I only
1,000 (Res.) 335,000.00 have that typical, small
Agusan del Sur
sari-sari store limited to
dry goods because of the
lack of resources. After
the 12-week session
and had graduated from
Member's Success Story the program, I became
more efficient in handling
my business. I was
Store before STAR Program
My name is Soledad Macadangdang, 56 years old and a proud able to purchase a new
member of FICCO Main Office. Since November 2004 prior to refrigerator and now sells
being a member of the cooperative, I only relied to my husband’s frozen goods and cold
salary as a PNP Officer drinks. I was able to avail
and at the same time a loan from FICCO for
on my small tailoring the additional capital to
shop where I started finance my business not
out with only one (1) only once, but for three
sewing machine. Aside (3) cycles. From Two
from that, I had also thousand pesos (P2,000)
ventured on T-shirt gross sales per day, I am
printing but was done now earning a daily gross
through job-out since sales of Seven thousand Store after STAR Program
I did not have printing (7,000) which led me to
machine. expand my business into a mini-
grocery store. I was also given
the chance to avail a regular
Editorial Board:
In October 2005, I availed my first small loan at FICCO to finance
my small business. I was then able to procure five (5) additional loan. As I apply my learnings Over-all Editors:
sewing machines and employ four (4) workers to cope with the into my business, I became
Edgardo A. Micayabas
volume of work. more responsible in handling Rosario B. Ferrer
my resources and cash flows, Mary Lee Ann F. Antoque
Aside from our tailoring shop, I also manage our agricultural thus, enabling me to become Cronie Kaye F. Jamito
lot at Mantibugao, Manolo Fortich, Bukidnon with corn and a Class-A member of FICCO. I Jhonida Marie L. Magbanua
cassava as its primary products. Thus, enabled me to finance am also thankful to FICCO for Richelle Anne I. Legaspi
the educational needs of my four (4) children in college until all the loan services. It has been a Ivi Jaquelu T. Astronomo
of them finished their chosen fields. great help for entrepreneurs like
me in managing our business Contributors:
For sixteen (16) years of being a FICCO member, and patronizing which enabled me to roll-out Kathlene Joyce B. Odtojan
its loan services, I was able to cope up with my financial needs. more capital for operational Nancy B. Gabule
All of these is with the help of FICCO in being true to its mission expenses, making my business Joan D. Florentino
in uplifting the standard of living of its members. more profitable. Rogerson N. Salcedo
Terence A. Espiritu

FICCO4 www.ficco.org

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