A Cooperative Story

  • Page Views 1890
  • A COOPERATIVE ESTABLISHED ON NEED

    One day, a group of rural development workers decided to form a
    cooperative in a low-income municipality.

    The only purpose was to have a PAUTANGAN during the “hora de peligro” a day or two before payday. Pambili ng bigas, ulam o gatas ni beybi. 20 joined. They all paid membership fees and started building their membership shares. 20 pesos, 50 pesos. After a few months of “capital build-up”, the first loan was approved and released. No feasibility study, no systems and procedures in place. The credit policies and procedures were torn from their training materials.Capital was rolled on. The unregistered self-organized,
    self-initiated’ informal “credit union” went to business. It became
    the PAUTANGAN NG BAYAN. Members got their dividends and patronage refund. Three years later, they had 1,000 members. They expanded to the other municipalities. Even the mayors became members.

    INSIGHT: The people who joined were looking for a particular benefit, value, vision, etc — but never was this question asked: KIKITA BA ‘YAN? — which they found in this informal credit facility. The members were property- less so they could not go to the rural bank. They used the 5/6, and knew they suffered financially more because of their “kapit-patalim” situation. They had no other choice. But they “invested” their meager savings in THEIR OWN PAUTANGAN because it fulfilled a need, and their “investment” eventually provided some returns.
    I was a part of that story.
    And there are many more in FilCo-op who have a story to tell.

    -from a Co-op Practitioner

    The One Filipino Co-operative of BC, the first ever Filipino Co-operative Organization in BC was launched on October 31, 2009. The Co-op’s objective is to enhance the lives of the members, our kababayans, and support one another through cooperative effort or bayanihan.  It is founded on the principles of self-help, responsibility, equality, democratic governance, focus on services to members, equitable distribution of benefits and earnings, and commitment for community growth and development.

    FilCo-op’s Programs and Services includes Pahiraman ng Bayan Micro Lending Service, FilCo-op Iremit Padalahan ng Bayan Money Remittance Service,  Pauwi ng Bayan Fly Now Pay Later, Damayang Pinoy Program, Job Posting and Networking Services, Business Partnership and Referral Services and Social Development Program.

    Para sa mga nais sumali at maging isa sa may-ari ng One FilCo-op, please call/ text: 604-780-2061 or email filcoopbc@yahoo.ca . You can visit the website www.filcoopbc.com .

    Matutulungan ka na, Makakatulong ka pa.

    Kayang-Kaya Kung Sama-Sama!”

    Share

    New Posts Recently publish post More

    • 28 July 2022
      2 weeks ago No comment

      BBM states in SONA: “We will endure”

      President Ferdinand “Bongbong” Marcos Jr. struck a hopeful note in his first State of the Nation Address or SONA on July 25, 2022. Marcos delivered his speech before a joint session of Congress, with Senate President Juan Miguel Zubiri and House of Representatives Speaker Martin Romualdez behind him. “We ...

    • 28 July 2022
      2 weeks ago No comment

      Tips to Stay Cool and Safe During Extreme Heat

      Surrey, BC – With warmer than average temperatures arriving, the City of Surrey is reminding residents to take the necessary steps to stay safe in extreme heat, how to spot the signs of heat exhaustion, and where to find public pools, spray parks and air-conditioned civic facilities for heat ...

    • 21 July 2022
      3 weeks ago No comment

      Ed Lantin exhibit, Buto-Buto play showcase Filipino artistry in Vancouver

      Filipino artistry is once again in full display in Vancouver with two shows, and the Philippine Consulate General is at the forefront of promoting these events. One is the Edgardo Lantin Art Exhibit, and the second, a theatrical production titled “Buto/Buto: Bones are Seeds”. The Lantin art exhibit and ...

    • 14 July 2022
      1 month ago No comment

      “Heaven Can Wait”: ART ALAFRIZ

      To all of you who have shared my 84 year journey through life no matter how brief, I thank you for being part of it as every moment adds spice and color to a life I consider well lived. LIVING WITH CANCER June 16, 2022 at the Surrey Memorial ...

    • 07 July 2022
      1 month ago No comment

      88 Supermarket Celebrates Canada Day

      88 Supermarket celebrated Canada Day by giving away gift certificates and prizes plus a 2022 Mitsubishi RVR for their annual raffle. Present for the raffle was 88 Supermarket President and CEO Ken Chau, and General Manager Khalil Qureshi as well as James Green of Mitsubishi and Rey Fortaleza, official ...

    %d bloggers like this: