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Bulacan ranks 1st with the most number of cooperatives in the billionaire bracket
By: PPAO
Wednesday, 03 October 2018
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COOP MONTH GUEST SPEAKER. Governor Wilhelmino M. Sy-Alvarado and Vice Governor Daniel R. Fernando pose for a souvenir photo with Cooperative Development Authority (CDA) Executive Director Giovanni Platero, representative of Chairman Orlando Ravanera as the guest speaker, during the opening program of the Cooperative Month held at the Bulacan Capitol Gymnasium, City of Malolos, Bulacan yesterday. Also in the photo are (from left) Board Member Ma. Lourdes Posadas, CDA Regional Director Marieta Hwang, Provincial Cooperative and Enterprise Development Office Head Cynthia Abiol and Rannie Jimenez of the Landbank of the Philippines. View Larger Image.
CITY OF MALOLOS - The Province of Bulacan ranked first as the province with the most number of cooperatives that made it to the Top 50 Cooperatives in the Billionaire Bracket and ranked second in the Number of Cooperatives in the Millionaire Bracket of the Cooperative Development Authority (CDA) in 2017.

The four billionaire cooperatives include St. Martin of Tours Development Credit Cooperative with P1.96 billion worth of assets, San Jose del Monte Savings and Credit Cooperative with P1.66 billion, Manatal Multi-Purpose Cooperative with P1.52 billion, and Ligas Kooperatiba ng Bayan sa Pagpapaunlad with P1.51 billion.

CDA Chairman Orlando Ravanera represented by Executive Director Giovanni Platero said during the opening program of the Cooperative Month held at the Bulacan Capitol Gymnasium in this city yesterday, that cooperatives are instruments in uplifting the quality of lives of its members.

“Bilang makabagong kooperatiba, hindi lamang tayo tumatahak sa pangkabuhayang gawain, kailangang mai-transform natin ang mga kooperatiba bilang isang organization na tumatalima sa social issues at environmental concerns,” Platero said.
For his part, Governor Wilhelmino M. Sy-Alvarado believed that cooperatives balanced the trade competition between the huge corporations and the small and start-up entrepreneurs.

“Ganap na pinasigla ng mga kooperatiba ang ekonomiya ng Bulacan sa pamamagitan ng pagpapalawig ng malayang kalakalan at komersyo sa lalawigan at pagbibigay ng pagkakataon sa lahat ng maliliit na mamumuhunan na kalauna’y naging integral na bahagi din ng malayang kumpetisyon sa mga merkado,” the governor said.

In line with the month-long celebration of Cooperative Month, which is anchored on the theme “Cooperatives: Partners for Building Resilient and Empowered Communities Towards a Better and Stronger Communities”, the 1st Central Luzon Regional Cooperative Congress on Gender and Development (GAD) and Cooperative Tax Exemption (CTE) will be held on October 16 to 17; Regional Kooplympics on October 19; and Gawad Galing Kooperatiba awarding ceremony on October 24 at The Pavilion, Hiyas ng Bulacan Convention Center in this city.

Meanwhile, as a support to the province’s desire to be the “Cooperative Capital of the Country”, Board Member Allan Ray Baluyut authored Resolution No. 597-S’17 or “A resolution requesting the Philippine Congress thru Hon. Jonathan Sy-Alvarado, representative of the first district of Bulacan, for the passage of a resolution recognizing the Province of Bulacan as the “Cooperative Capital of the Philippines.”

In Bulacan, there are 413 active and compliant cooperatives with P14.99 billion net worth and serving more or less 370,000 members. The total assets and number of members of the province is almost 50 percent of the contribution of the cooperative sector in Central Luzon.

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