“pang mga walang pera na gusto umutang tapos magababayad ng interest”
A cooperative is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services and accepting a fair share of risks and benefits of the undertaking in accordance with the universally accepted cooperative principles.
There are different kinds of cooperatives. There’s (1) Credit cooperative (2)Consumer cooperative (3)Producers cooperative (4) Service cooperative (5)Multi- purpose cooperative. et.al .
If you want to know more about these, read Atty: Fred’s article Here.
So you see, not all are focused on lending. There are some who are focused on their advocacy which is to TEACH PEOPLE HOW TO SAVE! Nutriwealth Multi-Purpose Cooperative being one on of them.
DID YOU KNOW?
Cooperative was first introduced during the 19th century
Cooperative is under supervision of CDA and it is mandated by law. Like Life Insurance Company…they are Under by Insurance Commission. Which is regulated by government agency. See the Republic Act 9520 Here.
President Rodrigo Duterte issues EO no.1 placing CDA and 11 other Agencies under the Office of the president, to be directly supervised by cabinet Secretary Leonicio Evasco Jr. to streamline and fast-track programs on poverty alleviation
WHY JOIN A COOPERATIVE?
You can be a Co-Owner of All the Businesses of the Cooperative
You are giving your family a better future
You get Higher Interest Rate on Your Regular Savings Account and Time Deposit
You Get to become a Part of Something Bigger
Cooperative can help you achieve your Dream, setup your own business
ACCORDING TO COOPERATIVE DEVELOPMENT AUTHORITY OR CDO :
The primary objective of every cooperative is to help improve the quality of life of its members. Towards this end, the cooperative shall aim to:
(a) Provide goods and services to its members to enable them to attain increased income, savings, investments, productivity, and purchasing power, and promote among themselves equitable distribution of net surplus through maximum utilization of economies of scale, cost-sharing and risk-sharing;
(b) Provide optimum social and economic benefits to its members;
(c) Teach them efficient ways of doing things in a cooperative manner;
(d) Propagate cooperative practices and new ideas in business and management;
(e) Allow the lower income and less privileged groups to increase their ownership in the wealth of the nation; and
(f) Cooperate with the government, other cooperatives and people-oriented organizations to further the attainment of any of the foregoing objectives.