Caloocan City Cooperative Development Council (CCCDC)

Thursday, July 14, 2022

Caloocan City CDC: 1st Quarter General Assembly Meeting

by: Maria Luisa Dela Cruz

The Caloocan City Cooperative Development Council (CCCDC) successfully concluded its 1st Quarter General Assembly Meeting on July 14, 2022 at McDonald's Tandang Sora Branch, Crossroads Business Park, Tandang Sora Ave., Brgy. Sangandaan, Quezon City. It was attended by fifteen (15) primary cooperatives, the Caloocan City Union of Cooperatives (CACOOP) and Representatives from CDA-NCREO, CDCO and OCM-Coop Division. The Chairperson, Ms. Lucia G. Furo, discussed the accomplishments of the council during its first quarter operation. Then she went on to the presentation of the three (3) committees created together with their functions. These are the following: 1) Plans, Programs, Development and Assistance Committee (PPDAC); 2) Consultative and Policy Committee (CPC); and 3) Monitoring and Evaluation Committee (MEC). She also reported to the body the CCCDC Roadmap for 2022-2024 and the strategic plans.

The CCCDC Officers together with Representatives from the OCM Coop Division during the 1^st Quarter General Assembly Meeting held last July 14, 2022 at McDonald’s Tandang Sora Branch, Quezon City.

Primary cooperative representatives while attentively listening to the accomplishment report from Ms. Lucia G. Furo, CDC Chairperson.

The CCCDC officers and members after the successful conduct of its 1^st Quarter General Assembly Meeting.

CREDIT SURETY FUND (CSF) ORIENTATION FOR CALOOCAN CITY

by: Grace G. Torres

The Credit Surety Fund (CSF) Orientation was held last July 14, 2022 at McDonald’s Tandang Sora Branch, Crossroads Business Park, Brgy. Sangandaan, Quezon City. The CDA-CSF Team from the Head Office led by Atty. Frederick Joe Robles, Acting Director of the CSF Department, motivated the cooperatives by sharing inspiring stories. He pointed out how the perseverance of Mr. Manny Villar, Jr. transformed his life from rags to riches and the resourcefulness of Mr. John Gokongwei, Jr. made them billionaires. Also, he said that getting a loan from banks is okay as long as the loan proceeds will be used to buy assets and not liabilities.

Mr. Sergio Herrero, Jr., Senior CDS for CSF Division from CDA-NCREO, was the one who discussed the features of a CSF Cooperative. He talked how beneficial it is since CSF members can avail of loans from lending banks without hard collateral through the Surety Agreement. This is to be issued by the CSF Cooperative as protection for such loans. Issues on the Return on Investment (ROI) and roles of the cooperative and LGUs were raised afterwards. The participants were assured that even though the ROI is not that big, one of the main objectives of the CSF Cooperative is to help SMEs have more funds for relending to members. Cooperative members, on the other hand, can also avail of loans individually with their cooperative as guarantors. The LGUs will play a big role as they will give a counterpart which is equivalent to the total contribution of the cooperatives. In the end, Mr. Herrero expressed his hope for Caloocan City to be the next one to register a CSF Cooperative. Thru the collaborative effort of different cooperatives, NGOs, LGUs, GFIs and GAs, the ultimate goal of creating the CSF Cooperative is very much attainable.