Mindanao Unified Student

Cooperative
Economic Survey

• General Statement:
• MUS.CO is a form of Credit cooperative which encourages the students of
every university in Mindanao to engage in saving and lending services of this
cooperative. The members should be students or parents with students who
are in need of financial support of any university in Mindanao and to
become a regular member, each should follow the rules and regulation of the
Cooperative.
Rationale

• This cooperative will be helpful to the students and parents with students of
any university that is in Mindanao. It lends money to those individuals who
are in need with a reasonable interest and helps them by letting them save
their money for future uses, also lends them money for other miscellaneous
needs.
 Goals and Objectives

• Goals:
• Ensure the financial support for students
• Support the student until graduation through financial lending
• Minimize the numbers of out of school youth individuals
 Objectives:

• The general objective of this Cooperative is to help the members financially.

Specifically, the cooperative aims to:
• Encourage thrift and savings mobilization among the members;
• Generate funds and extend credit to members; and,
• Provide financial services to the members.
Economic Aspect

• MUS.CO will be first established in CMU. Financial problems are one of the reason
why students cannot continue to send themselves to school and study. Parents
cannot afford to sustain their financial needs due to be financially unstable.
• The Cooperative also seen this kind of problems in CMU, where most of the
students; specifically, the graduating students are having their trouble financially.
Especially when it comes to their thesis implementation when large amount of
money is involved.
• MUS.CO took this problem and convert it as an opportunity to establish the
cooperative.
Technical Aspect

• The Mindanao Unified Student Cooperative will only require little amount of
manpower for the reason that the members will have to go to the location
itself to do their transactions.
Financial Aspect

• Source of capital
• The credit cooperative undertakes savings and lending services to its
members. It has 16 members in which each of them will invest a total
amount of 5,000.00 as a regular member of the cooperative. The 4,500 as
share capital and the 500 will serve as a savings for non-withdrawal or
maintaining balance. The MUS.CO will generate a total common pool funds
of 80,000.00 as starting capital of the business operation.
Use of capital

• The generate capital will serve as credit money to the members of the
cooperative in order to provide financial assistance to the students and for
productive membership. It will be having 5% interest rate per terms to the
creditors.
Management Aspect

• The Mindanao Unified Student will run with its five (5) Board of Members,
two members (2) of the Membership Committee, three members (3) of
Finance Committee, three members (3), of Documents Committee, and
three members (3) of the Survey Committee which will adapt a top-down
line of chain of command.
 Formation of Working Committees

• Membership Committee- Promotes the cooperative ideas and practices, and

campaigns for the members.
• Members:
• CAHANAP, IVY
• CAPALAC, JAYMARK
 Documentation Committee
• Prepares all required documents such as bylaws and articles of cooperation,
forms and other requirements for the organization and registration of the
cooperative.
• Members:
• AMAHOY, JANE ROSE
GENELOS, CHRISTINE JANE
• GALSIM, JAZZANDA ANGEL
 Economic Survey Committees
• task to gathers data and other relevant information on the viability of the
cooperative. This committee also validates, supplements and updates the data
gathered by initiators or core group
• Members:
• RAMOSO, RAVY LOVE
• CALUYA, MARY GRACE
• CAMPOY, AMYLOU
 Finance Committees
• Assigned to collect payments of fees, contribution and other financial matters, and
generate funds for the cooperative.
• Members:
• RETAZO, NICCA HANE
• COLANAG, ARPELY
• DALA, JENNY ROSE
 Cooperatives by Laws

• All students or parents with students who are in need of financial support that is in
Mindanao and are willing to join and invest in this Cooperative.
• All students or parents with students who are in need of financial support.
• Is able to comply all the requirements given by the Cooperative.
• The members will have the right to save and loan money from the Cooperative.
• If the member fails to pay the loaned money on due date, they are obliged to pay
with interest.
• The members are required to attend all the General Assembly, Meetings and etc.
• If the member fails to attend the said gathering, a fine will be imposed to its account.
• First offense “if the creditor fails to pay the loaned money, He/she is subject to warning” as
well as the second offense until he/she still will not comply then the member is subject for
termination.
• In this cooperative, we’ve allow members to transfer their share or interest to other
members, if the member wishes to separate itself from the cooperative.
• There are limitations when loaning or borrowing money that will be based from the
members’ share of capital.
 Articles of Cooperation

A. Mindanao Unified Student Cooperatives (MUS.CO)

B. The purpose of the Mindanao Unified Student Cooperative aims to
provide financial aid and savings for students who are in need of financial
funds for their education and other miscellaneous needs.
C. 10 years of existence and is renewable.
D. Mindanao Unified Student Cooperative is located at P-16 Sampaguita
Village, Musuan, Maramag, Bukidnon
 Name Nationality Postal Adress

1. Merla, Jan Kent Filipino Valencia City

1. Madroño, John Neumann Filipino Impasugong

1. Villahermosa, Joel Filipino Valencia City

1. Manangkila Bobby Filipino Valencia City

1. Carumba, Ariel Filipino Don Carlos

1. Amahoy, Jane Rose Filipino Quezon

1. Genolos, Christine Jane Filipino Valencia City

1. Galsim, Jazzandra Angel Filipino Quezon

1. Cahanap, Ivy Filipino Maramag

1. Capalac, Jaymar Filipino Valencia City

1. Ramoso, Ravy Love Filipino Dologon

1. Caluya, Mary Grace Filipino Dologon

1. Campoy, Amylou Filipino Quezon

1. Retazo, Nicca Jane Filipino Valencia City

A. Mindanao Unified Student Cooperative was created by students who wants to aid their
fellow students that is in need of financial support and creates an opportunity for them to
pursue their studies and secure a better future.
B. Board of Directors
• CARUMBA, ARIEL
• MADROÑO, JOHN NEUMANN
• MANANGKILA, BOBBY
• MERLA, JAN KENT
• VILLAHERMOSA, JOEL
 Name Nationality Share of Capital (PhP) Postal Adress

1. Merla, Jan Kent Filipino 4,500.00 Valencia City

1. Madroño, John Neumann Filipino 4,500.00 Impasugong

1. Villahermosa, Joel Filipino 4,500.00 Valencia City

1. Manangkila Bobby Filipino 4,500.00 Valencia City

1. Carumba, Ariel Filipino 4,500.00 Don Carlos

1. Amahoy, Jane Rose Filipino 4,500.00 Quezon

1. Genolos, Christine Jane Filipino 4,500.00 Valencia City

1. Galsim, Jazzandra Angel Filipino 4,500.00 Quezon

1. Cahanap, Ivy Filipino 4,500.00 Maramag

1. Capalac, Jaymar Filipino 4,500.00 Valencia City

1. Ramoso, Ravy Love Filipino 4,500.00 Dologon

1. Caluya, Mary Grace Filipino 4,500.00 Dologon

1. Campoy, Amylou Filipino 4,500.00 Quezon

1. Retazo, Nicca Jane Filipino 4,500.00 Valencia City

1. Colanag, Arpely Filipino 4,500.00 Valencia City

1. Dala, Jenny Rose Filipino 4,500.00 Valencia City

• The Mindanao Unified Student Cooperative is a primary level of cooperative
for it runs only in the locality of Mindanao where it plans to serve the
students who are studying schools located at Mindanao for the mean time.
The Cooperative aims to expand in the future years.
End