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Most Outstanding Rural Financial Institution for Luzon 1
Gulf Bank (Rural Bank of Lingayen, Inc.)
Lingayen, Pangasinan

The Rural Bank of Lingayen, Inc. was founded on June 18, 1956 and officially started operations in July 8 of the same year with office located at Jacoba Street, Lingayen, Pangasinan until it was transferred to its present office building along Avenida Rizal East, Lingayen, Pangasinan. Mrs. Lourdes Ferrer chaired the first set of Directors while Dr. Sergio Clauna served as the President/Manager. On July 16, 1988 the bank was acquired by the Calaguio-Lopez clan. During the same period to the present, Mrs. Myrna C. Lopez took over the management of the bank as President and Chief Executive Officer and later in December 2002, was elected the BOD Chairperson. In 1995, the bank's business name was renamed to GULF BANK, retaining its corporate name as Rural Bank of Lingayen, Inc. to better reflect the bank's strategic objective and on-going expansion. On the same year, the microfinance credit program was introduced through the Integrated Rural Financing (IRF) Damayan Grouping System. In 1999, the bank launched a modified micro-lending program through the HIRAM and Grameen Technology. Since 2002 to the present, the bank is undergoing a program to review and improve its organization and operating system and enhance its management, efficiency and profitability. The result of the program is a standardized operating system and defined management structure that is aligned with the bank's strategic direction. 

As of date, Gulf Bank has 5 regular offices/branches, with microfinance functions, located at Alaminos City, Dagupan City, Mangatarem, Pangasinan and in Baguio City. Its head office is located at #3 Avenida Rizal East, Lingayen, Pangasinan. Just recently, BSP has approved the establishment of the Bank's three (3) Microfinance Banking Offices (MBO) at Tayug and Sta. Barbara in Pangasinan and in San Fernando City, La Union to better serve and reach out the marginalized poor in the far flung communities and alleviate the poverty situation in the area/s in support of the government's poverty alleviation program.

In line with the Bank mission to serve community and promote countryside development through responsible banking, Gulf Bank offers various and diversified banking products to their client and would-be-clients. They accept Savings, Time, and Special Savings Deposit at competitive interest rates. Moreover, they also accept SSS & Philhealth premium payments. Gulf Bank likewise grant various kinds of loans such as commercial, agricultural, housing development, cocofinance, micro grameen loans, and other lending assisted products at reasonable interest rates and repayment schedules.

To support their strong determination to achieve the Bank's mission/vision, the management had established linkages and partnership with various stable institutions and financial giants in the banking and non-banking industries. They have also established linkages with various LGUs, NGOs and some multinational corporations to provide technical assistance in agricultural technology, marketing, and promote economic growth amongst their farmers. Lastly, the Bank is spearheading an effort on climate change mitigation by pushing on the Bamboo Plantation Project in Western Pangasinan in partnership with the LGUs.

Since the launching of its microfinance credit program, the bank has strongly established operations in the entire province and boost of more than 10,000 clients over Region 1 and CAR. The bank personnel have grown to 125 officers and staff as of January 31, 2012. With the continued enhancement of the Business Development System, the bank had earned numerous awards and  recognitions from various organizations.

From the total resources of P10,057,183.07 as of December 1988, when the new management took over, the resources of the Bank has gone up to no less that P692,910,156.72 as of December 31, 2011.

Gulf Bank is an active conduit of NLDC since 2005. It has an existing Credit line of Php130.0 Million with NLDC-LCAP. 


Most Outstanding Rural Financial Institution for Luzon 2
Rural Bank of Guinobatan, Inc.
Guinobatan, Albay

The Rural Bank of Guinobatan, Inc. was registered with the Securities and Exchange Commission on March 25, 1964 with an initial authorized capital stock of Php400,000. On July 22, 1964, Rural Bank of Guinobatan, Inc. has been granted by Central Bank of the Philippines (now Bangko Sentral ng Pilipinas) to operate as Rural Bank and formally open its banking door to the public.

Rural Bank of Guinobatan, Inc. was organized with the goal of becoming the lender in the local rural banking industry where it continues to strive for a well-balanced, objective and equitable development of the satisfied clients, empowered employees and valued stakeholders. It shares with the vision of developing the local economy by anchoring its deals on furthering assistance to its clients, become locally responsive and competitive financial service provider and a leader in rural banking industry, hence, it aims to push the country and the Bicol region towards progress by rendering services to clients in need of financial assistance.

In the midst of a growing economy and intense competition in the rural banking industry, RGBI envisions itself to be the best rural bank in the Bicol Region in terms of efficiency and stability by providing customer-oriented and integrated rural banking products and services delivered to a significant group of clients with emphasis on the micro, small and medium size entrepreneurs.

After 33 years of operation, the Bank began to expand its banking operations. Tiwi branch was launched on July 22, 1997. On April 10, 2006, the bank opened its branch in Gubat, Sorsogon, and on September 8, 2011 RGBI opened its Ligao City branch. Currently, RGBI has four (4) branches and four (4) Micro-Banking Offices (MBOs) operating over the Bicol Region.

RGBI had another milestone by opening its microfinance department which caters to microentrepreneurs using the Grameen methodology. On November 2003, the Board of Directors approved the implementation of individual microfinance using the MABS approach. All these programs are geared towards the bank's vision of being the government partner in countryside development.

Since 2003, when RBGI started its microfinance program, the bank is now serving more than 10,000 microfinance clients which is serviced by the Bank's four (4) branches and 4 Microbanking offices (MBOs) located at Daraga, Tabaco all in Albay and Gubat and Irosin in the province of Sorsogon.

In 2009, the Bank embarked on a Re-Engineering Program which aims to transform its performance to be at par with the industry's best. It is also through this program that the bank formulated its Vision and Mission.

The bank has weathered the financial storm that hit the industry in the midst of global financial crisis and the local problem which plagued the rural banking industry. Amidst all these, Rural Bank of Guinobatan, Inc. was resilient and will continue to grow big and strong in the years to come ready to face the challenges with the increase in Authorized Capital Stock from Php13,500,000 to Php50,000,000 which was approved by SEC last June 25, 2012.

The RGBI is an active partner-conduit of NLDC since 2005, with existing credit line of Php20.0 Million under Livelihood Credit Assistance Program (LCAP).

Most Outstanding Rural Financial Institution for Visayas
First Agro-Industrial Rural Bank, Inc.
Bogo, Cebu

The First Agro-Industrial Rural Bank Inc. or commonly known as FAIRBank, started its commercial operations on January 16, 1999. The Bangko Sentral ng Pilipinas through the Monetary Board granted FAIRBank the authority to operate banking business on September 5, 1998 and the Securities and Exchange Commission approved the registration of FAIRBank Inc. as a corporate entity vested with a distinct judirical personality. The principal place of business was then located at Poblacion, Daanbatayan, Cebu. Daanbantayan is a place found at the northernmost tip of the province of Cebu. By then, there was no rural banking facility that served the agricultural needs of the local community and FAIRBank had just come in at the right time.

FAIRBank's three-year performance posted a remarkable growth thus impelling the management to open its first branch in Sta. Fe, a municipality in Bantayan Island, on August 30, 2002. On the same year on 18 September, FAIRBank noted the growing awareness of the community on the then newly introduced banking methodology, which is the Grameen banking. The grameen banking service was so widely accepted by the women in Daanbantayan area that its financial return significantly contributed to the income generation of the bank. The Grameen-based lending window was named Kaabag Program - Kaabag is a Cebuano dialect for helper.

To further provide a tailored fit service for the micro-finance sector, an individual lending program for micro entrepreneurs was opened on June 16, 2003. The program was named PAMILYA, an ancronym that stands for (Paggiya sa Paglambo Alang sa Yanong Ambisyon). The word PAMILYA, taken as it is, means family in the English language. The acronym means to provide guidance in order to attain every microentrepreneur's simple ambition to grow and succeed in his/her business.

Due to the positive responses of the community toward rural bank facility, FAIR Bank was able to establish another branch in Bogo, Cebu on August 30, 2005. Moreover, the favorable earnings and the wide coverage of the bank's services reaching the southernmost part of Cebu necessitated the opening up of Balamban Branch on April 3, 2006. On the same need, Danao branch likewise started its operation on April 17, 2006 and Carcar Branch on October 3, 2008.

Aside from these branch offices, FAIRBank established service outlets in the cities within Cebu province. These outlets only serve the micro-finance clients in areas far from the services of the regular branch office. The first service outlet was opened at Toledo City on February 15, 2007. Second service outlet started serving its clients in Mandaue City on April 26, 2007.

In 2008, the BSP approved FAIRBank's application on the conversion of Bogo branch into a head office. Nowadays, the executive offices and the principal place of business are found and made at Dela Viña cor. J. Lequin Sts., Gairan, Bogo City.

In the desire to bring all concerted efforts toward one direction and end, FAIRBank management initiated the vision/mission building for medium-term range. The Board of Directors and executive offices headed by the Chief Executive officer spearheaded the drive toward the same journey and sets of core values were made as strategic entry points to fortify all the efforts.

FAIRBank has an existing Revolving Credit Line with NLDC amounting to Php74.0 Million. It is an accredited partner conduit of NLDC since 2005.

Most Outstanding Rural Financial Institution for Mindanao
People's Bank of Caraga
San Francisco, Agusan del Sur

The Rural Bank of Talacogon, Inc. was organized through the initiative of the Mindanao Agricultural Resettlement Agency (MARA) of the National Council of Churches in the Philippines (NCCP) who signed a Memorandum of Agreement with the then Land Authority (LA) now Department of Agrarian Reform (DAR) in the development of the Agusan Resettlement Project, a 16,440 hectare log-over area converted into agricultural land that started its development in 1969.

Rural Bank of Talacogon, Inc. now named Peoples Bank of Caraga, Inc., was organized and started its operation in October 24, 1972. Rev. David Williams, NCCP Liaison Officer assisted in all aspects of the organization of the rural bank.

The organizers of the rural bank, mostly MARA officials and MARA Executive Committee, envisioned to convert the rural bank into a farmers bank or cooperative rural bank. The long period of conversion started in April 1975. Samahang Nayons (SNs) all over the province of Agusan del Sur were welcome to become stockholders of the rural bank. More than P500,000 was invested from the 3% retention from agricultural loans of the members and from their own personal contributions. Some of the SNs have graduated to full pledged cooperatives.

The rural bank operated on a province-wide level, although majority of its clients during those days were settlers in Agusan Resettlement.

The rural bank practiced socialized lending method. It granted loans to small farmers, small businessmen, market vendors, and enterprising housewives to improve their livelihood. It did not cater its services to big businessmen and high-ranking government officials but instead to employees among the rank and file.

The bank started with Php2.0 Million authorized capital (Php1.0 Million Common and Php1.0 Million Preferred). It has amended its Articles of Incorporation several times to increase its authorized capital stock and as of the present its authorized capital amounts to Php100.0 Million. The bank received a grant of Php5.0 Million from ICCO and Rabo Bank of Netherlands and Bread for the World of Germany in November 1978 to enable the bank to continue its socialized lending to farmers and small market vendors.

Last June 1996, the Securities and Exchange Commission has approved the bank's new business name "PEOPLES BANK OF CARAGA, INC." for truly it is the people, especially the small farmers and small businessmen who brought the rural bank into its present successful operation.

The bank has taken a big step as it faces the new millennium. It is taking in more clients that belong to the group of small earners and without collateral but in group and with close monitoring. This is the Vision and Mission of the organizers of the bank. The conversion of the bank into cooperative may not be materialized because of the establishment of cooperative bank in the province, but the services it committed to render are very much in place. At present the bank has twelve branches and twenty-one micro-banking offices.

The bank is now entering its 40th year of service in Mindanao with a total labor force of 474 men and women. In spite of high cost of operation, the bank is still operating profitably. The bank's goals are to reach out to as many enterprising housewives as possible to augment the family income, increase their savings deposits and improve their communities, to finance nontraditional agricultural crops, to finance multi-livestock to increase the animal populace, to provide more benefits and trainings to the staff to make them better workers and happy in their work.

The Peoples Bank of Caraga, Inc. is an active partner-conduit of NLDC since 1998, with existing credit line of Php150.0 Million under Livelihood Credit Assistance Program.  

Most Outstanding Non-Government Organization for Luzon II
J.M. Honrado Foundation, Inc.
Daraga, Albay

J.M Honrado Foundation, Inc. is a mission-driven non-profit company that provides microcredit to entrepreneurs. October 19, 2004 marked the opening of J.M. Honrado Foundation, Inc. (JMHFI) in Sorsogon City, under SEC Registration No. 29482 with an initial fund balance of Php1,000,000. The Honrado Family, the founders are well known for their experience in rural banking. It was named after the late Atty. Jose M. Honrado who dreamed to have a foundation someday with the aim of providing scholarship to deserving students and helping alleviate poverty in the community. Its humble beginning was a product of selfless adherence to the less privileged in the community and placing them in a hopeful situation by providing means to fight life's struggle. This is believed to be the most sought-after ideal of the founder himself - Atty. Jose M. Honrado.

At present, the foundation employs more than 100 locals and has a network consisting of 11 branches regionwide (3-Sorsogon, 2-Masbate, 5-Camarines Sur, 1-Albay). By the end of 2015, JMHFI aims to establish a total of 16 branches all over Bicol region, with 20,000 active clients and total loan portfolio of Php100.0 Million.

JMHFI has grown steadily from the beginning, as measured by total loan portfolio of Php38.115 Million with 10,240 active clients and total assets of Php45.81 Million (as of June 30, 2012). Its entire loan portfolio has been financed by investments of private individuals and commercial institutions such as the National Livelihood Development Corporation (NLDC).

The two (2) Microfinance Programs of the JMHFI are the Kabuhayan 1 and 2, and the Kaagapay. The Kabuhayan Microfinance Program is a group loan product for microenterprises. Using the Grammeen Methodology, it aims to make available affordable credit to microentrepreneurs, helping them expand their present business activities and increase their incomes. It focuses on microenterprises that generate regular business income. While the Kaagapay Microfinance Program is an incentive program for the loyal and active clients of Kabuhayan Microfinance Program that has been with the program for the past two (2) years and maintains good credit discipline. The Kaagapay Microfinance Program is an individual loan product for microenterprises.

While being a member of the JMHFI, the client is required to save by putting a part of their weekly amortization to their savings account. The purpose of which is to raise their capital and/or make funds readily available for their own personal needs.

JMHFI embodies a business model with four major components: talented lieutenants, local and well-trained staff, market penetration, and the use of effective technology. JMHFI has operated without subsidies or grants; NLDC has been its partner since day one for over seven years. Moreover, JMHFI lends at rates that is competitive and maintained its PAR at less than 3%.

JMHFI is an active member of the partner-conduit of NLDC since 2006, with an existing Credit Line of Php30.0 Million under the Livelihood Credit Assistance Program.

Most Outstanding Non-Government Organization for Visayas
Taytay sa Kauswagan, Inc.
Jaro, Iloilo

Taytay sa Kauswagan, Incorporated (TSKI) or "Bridge to Progress" was founded last September 1, 1986. It was established towards lifting the least privileged brothers and sisters from poverty by assisting them to develop income generating projects and job-creating micro-enterprises. TSKI closely adheres to its role as catalyst in increasing productivity through business development and holistic transformation.

TSKI aims to alleviate poverty by helping clients increase their income and create jobs among the poor and to assist the development and expansion of small micro-enterprises.

For over a period of twenty five (25) years of operations, TSKI has been involved in different programs that helped the poor in CALABARZON, MIMAROPA, Bicol Region, Visayas Region, Zamboanga Peninzula, Northern Mindanao, Davao Region, SOCSARGEN, and CARAGA. While its main thrust for social development is micro-enterprise, yet TSKI continues to pursue other programs that would address poverty in the different sectors of our community. Central to the various programs that TSKI implements, these are the major component services: Livelihood Loans, Business Development Services and Community Based Organizing.

TSKI has also provided educational assistance program, in partnershipwith Kauswagan Educational Foundation, Inc., to deserving children of its clients. The educational assistance covers the payment of school tuition fees, school miscellaneous fees, book allowance, uniform allowance and monthly living allowance. The qualified children of the clients should enroll in a 4 year college degree in school or universities of their choice.

On January 28, 2008 TSKI received its license on Grassroots Entrepreneurship Management from ABS-CBN Bayan Foundation with complete set of Audio Visual materials in conducting the entrepreneurship training. TSKI is one of the two APPEND member organizations given the license to conduct the said training in the country. The training with 22 modules aims to enhance further the capability of its clients in entrepreneurship focusing on the business they are interested in.

The Governing Board of Certification International Philippines, Inc. headed by its Managing Director Mr. Renato V. Navarrete conferred the ISO 9001:2000 Certificate to TSKI's Board of Trustees during the celebration of its 21st Anniversary on October 1, 2007 with certification # CIP 3985/07/09/533. After successful completion of the assessment of Quality Management System the governing board of Certification International Philippines certified TSKI to ISO 9001:2008 on September 25, 2010.

As of 2011, TSKI has a network of 98 branches/district offices serving 285,947 clients, covering 660 municipalities.

TSKI is among the most active partner-conduit of NLDC since 2005. It has an existing Credit Line of Php170.0 Million under the NLDC-Livelihood Credit Assistance Program.

Most Outstanding Non-Government Organization for Mindanao
Starjed Micro Financing Corporation
Surigao City, Surigao Del Norte

Starjed Micro Financing is a duly organized corporation approved by the Securities and Exchange Commission on March 2005 under SEC Certificate of Authority No. 866 and Certificate of Incorporation No. CS200501646.

It is a family corporation founded by its incumbent president and chairman of the board, which envisions to make the access of small loans to small and medium and local entrepreneurs fast and easy without prejudice to the best practices of micro financing program implementation.

It has its humble beginning as a lending enterprise on February 2002 operating in the town of Kitcharao, Agusan del Norte. A month after, operations in the city of Surigao began.

Due to increasing lending activities, it opened its office at 069 Burgos Street, Surigao City on May 2003 in order to better serve the increasing number of poor clients who wanted to access easy small loans at lower interest rate.

Starjed is the only lending company in the city which formalizes daily collections as its mode of loan re-payment. Thus, help eliminate the bad connotation of "arawan" which used to be a usurious lending practice in the locality among so called informal money lenders.

Today, Starjed Micro Financing Corporation is managed and staffed by about two hundred (200) young and dynamic officers and staff who are trained to provide quality customer service to poor but deserving local entrepreneurs in all of its sixteen (16) offices.

Starjed is servicing six (6) municipalities in the Province of Surigao del Norte, six (6) municipalities and two (2) cities in the Province of Agusan del Norte, and seven (7) municipalities in Misamis Oriental and part of Cagayan de Oro City, and two (2) cities in the Province of Cebu, that of Lapu-Lapu and Mandaue. In the middle of the year 2008, a branch in the City of Tagbilaran, Bohol Province was opened for business. And to start extending its services in the island of Luzon, a branch in Angeles City, Pampanga was opened before 2008 ended. In the year 2010, Starjed opened 5 new branches in the following areas: Dapa, Siargao Islands; Ubay, Bohol; Claver, Surigao del Norte; Butuan City and Iligan City.

At present, Starjed holds Corporate Office at 00361 Kaimo Street, Surigao City in its 5-storey Gorne Gupana Building.

Throughout these years, STARJED has been committed to making micro finance the best possible financial alternative for enterprising poor who have the capacity to making good credit their way of life. To this direction, STARJED is on its dynamic move to reach out to more communities as it continues to strengthen itself in its growth not only in its lending activities and areas of coverage but more significantly to being able to continue to maintain a sound financial position in this kind of business endeavor.

In the end, STARJED seeks to ultimately bring back to God all the Praise and Glory in its pursuit to serving the marginalized sector of society.

STARJED has an existing Revolving Credit Line with NLDC amounting to Php75.0 Million. It is an accredited partner conduit of NLDC since 2007. 

Most Outstanding Cooperative for Luzon I
Nueva Segovia Consortium of Cooperatives
Vigan City, Ilocos Sur

Nueva Segovia Consortium of Cooperatives was conceptualized thru the brilliant minds of Archbishop Orlando B. Quevedo, OMI, DD and Msgr. Ambrose L. Cabildo, MSW, JCC both of the Archdiocese of Nueva Segovia. The aim of its formation is to have a viable and itegrated program among its member cooperatives and help catalyze the holistic development of people within the Barangays and Municipalities of Ilocos Sur.

The first consultation meeting was held on June 7, 1992 and the organizational assembly was held July 5, 1992 to amend/ratify/approve the Articles and By-laws. Thereafter, it was registered on September 17, 1992 with the Cooperative Development Authority with a Registration number DAG-2218.

NSCC started with a humble beginning of Thirteen Thousand Five Hundred Pesos (P13,500) as initial capital and with only three employees working in its first years.

As the cooperative is growing, another challenge the team faced is tow in the trust and support of Primary Cooperatives to NSCC. With the help and support of its officers, NSCC initiated different programs and services for primary cooperative members. NSCC provided them with credit services and capability building services. NSCC coop members also enjoy a low rate of interest in its wholesale lending program. The said fund is being used by these cooperatives in strengthening their capital build up thereby adding more funds to support the projects of their members.

The dream to make NSCC the center for Cooperative business and education did not stop from the establishment of a small training center. Just a few years later, that dream came true with the establishment of the NSCC PLAZA, a bigger training venue for cooperatives, with complete hotel amenities. It is now the center of cooperative education not only in Region 1 but in the whole country as well. It does not only promote cooperative education, but likewise promotes tourism, and economic activities within the Province of Ilocos Sur.

With the humble leadership and effective management, NSCC have established significant partnership with the Local Government Units particularly in the Province of Ilocos Sur, City of Vigan and Municipality of Caoayan.

For twenty (20) years in operation, NSCC has made a marvelous achievement of increasing its assets from Php13,500 to Php548,514,664.88. The area of operation also expanded from being provincial based to covering the whole of Luzon. The expansion led to the creation of additional branches in the provinces of Ilocos Sur, Ilocos Norte, Benguet, La Union and soon in Pangasinan. NSCC helped employ 120 employees in different parts of Region 1.

NSCC is a product of good leadership, innovative mind, and hard work. NSCC is a cooperative that works for the poor, empowers cooperatives and inspires coop leaders. NSCC is only two decades old yet its accomplishments are countless. It continues to shine as a cooperative working for limitless possibilities for the good of all people being served and for the glory of God.

NSCC is an accredited conduit partner of the NLDC since 2004. It has Php50.0 Million Revolving Credit Line under the NLDC-Livelihood Credit Assistance Program. 

Most Outstanding Cooperative for Luzon II
Entrepreneurs Alumni Development Cooperative
Daraga, Albay

In 1982, the Bicol University initiated a pilot program in Bicol that will provide self-employment opportunities to its graduates as a response to the unemployment crisis besetting in the country. This was the 4-years degree course on Bachelor of Science in Business Administration - Major in Entrepreneurship, developed in coordination with the University of the Philippines Institute of Small Scale Industries (UPISSI). Starting only with a class of 15 students, the program had graduated its pioneer class in 1986.

The program aims to increase the entrepreneurial activities in Bicol Region by producing graduates equipped with the managerial and technical know-how in establishing and managing their own business enterprise. The graduates pursued their vocation, but most of them could not take-off because of difficulty in sourcing for needed funds. Financial institutions were reluctant to help because they are young and do not have any business track record, acceptable capital equity or valuable collateral to speak of.

These difficulties paved the way for the creation of the ENTREPRENEURS ALUMNI DEVELOPMENT COOPERATIVE that aims to pool the talents and resources of the members-entrepreneurs under one umbrella organization that will extend needed services in carrying - out the noble intention of the Entrepreneurship program. EADCOOP was organized on August 30, 1995 by 18 graduates and 2 Entrepreneurship teachers from the Bicol University College of Arts and Sciences (BUCAS).

EADCOOP served as mother unit and link for financial assistance of the members thru their share capital and inter-lending scheme from other sources. through this cooperative, members will have an adequate working capital for their ongoing business, increase their income for the family, and generate more employment for other people in the locality where their businesses are established. Thus, promoting thrift, savings capital formation and social reforms.

On July 16, 1996, it was granted juridical personality as a primary credit cooperative by the Cooperative Development Authority (CDA) under NG-2556.

On November 4, 2009 the cooperative was re-registered to the CDA with reg. no. 952005001724 as a requirement under Republic Act 9520.

To carry on the vision of the cooperative, the board approved four (4) windows of programs addressed to members' needs. These are the Cooperative Relending Program (CoRPro), Membership Savings Operation (MSO), Business Technical and Management Consultancy (BTMC), and the Cooperative's Community Projects (CCP). Each has its own specific programs objectives and thoroughly designed implementing policies and guidelines.

As of December 31, 2011, the cooperative has a total membership of 2,651 both regular and associates. From an original paid-up share capital of P12,500.00 in 1995, it has grown to P6.8 Million and has total assets of P24.1 Million. This growth was attributed through the trust and untiring support of the members and conduit partners of EADCOOP.

EADCOOP has an existing Revolving Credit Line with NLDC amounting to P12.0 Million. It is an accredited partner-conduit since 2004.

Most Outstanding Cooperative for Visayas
Lamac Multi-Purpose Cooperative
Lamac, Pinamungajan, Cebu

Lamac is a secluded and isolated valley southwest of Cebu; 14km to the town of Pinamungajan and 42km via Lutopan to the City of Cebu. Lamac populace was mostly farmers whose problem was to acquire their basic needs and services.

It's so timely that the Department of Local Government and Community Development (DLGCD) had a program to organize farmers into an association called "Samahang Nayon", which gave birth to Lamac Samahang Nayon in the year 1973. Orientation training was conducted to at least 70 participants who were mostly tenant-tillers and small farm owners. They had contributed an initial capital of Php50.00 per member. From the small beginning of P3,500, they had started the operation of Consumer/Marketing Services and volunteer members ran this.

From its creation as a Samahang Nayon, it garnered several awards. Management of various projects was succesful until 1986 when the financial status of the coop declined due to various management and leadership problems. Since the SN became diversified, the management found it difficult to handle the operation. It was timely, that the group of young local professionals and college levels organized themselves in the name "Barangay Lamac Organization on Management Effectiveness System Inc." (BLOMES Inc.) to assist the organizations of the barangay in terms of technical assistance. A group of five young professionals was requested by the management to assist in the running the cooperative. Gradually, the LSN was rehabilitated with the assistance of fellow cooperative leaders from CPCUI.

Nevertheless, on March 13, 1992 the Samahang Nayon was transformed and registered into a full pledge multipurpose cooperative under the BLOMES Inc. management. Henceforth, Lamac Multi-Purpose Cooperative became a multi-awarded cooperative with united members, competent, committed and credible Board of Directors, officers and staff.

In 1995, Lamac had several blessings. One of which was the erection of Lamac as a parish. It was a significant event for Lamac since its constituents are mostly pious and were in quenched of spiritual services. Coop once again plays its role in providing financial assistance for the construction of the convent and the major renovation of the church. On December 8, 1997, the dream of LMPC to construct a three-storey building at the heart of Lamac worth Php2.0 Million was realized. The building stood magnificently with all its grandeur, which served as the landmark of LMPC success.

With the all out support of the coop members and the Local Government who provided the lot in a strategic place of the town, a new branch office building was erected and inaugurated on December 10, 2000. On June 29, 2001, the LMPC was able to establish the Toledo branch office after the amendment of our area operation which was for the entire 3rd District of Cebu (from Barili to Tuburan). In the year 2002, due to the demand of the members, the Balamban branch office was created which caters the members of Balamban, Asturias and Tuburan. Year 2003, the LMPC Cooperative Training Center was constructed, that eventually became a resort, the Hidden Valley Training Center and Resort.

The Board of Directors amended the area of operation of the cooperative into provincial wide in the year 2004  and after its approval; LMPC established a branch office in Minglanilla and Oslob; sub offices in Tuburan, Lutopan, Carcar, Bogo, Mandaue, and Lapulapu City. At present LMPC is operating in the whole province of Cebu with 14 business offices and still hoping for more development in order to deliver the desired services to its members anchored in LMPC Vision and Mission and guided by Core Values LOVE; Loyalty, Oneness, Valor and Empathy.

The Lamac Multi-Purpose Cooperative is an active partner-conduit of NLDC since 2006, with an existing credit line of Php50.0 Million under Livelihood Credit Assistance Program. 

Most Outstanding Cooperative for Mindanao
Baug Carp Beneficiaries Multi-Purpose Cooperative
Cabadbaran, Agusan del Norte

Baug Carp Beneficiaries Multi-Purpose Cooperative (BCBMPC) started as an association called Magallanes Aqua Culture Developers Association (MACDA). It was registered into cooperative on February 8, 1995 under CDA Registry Number CGY-1883. It was composed of Agrarian Reform Beneficiaries (ARB) involved in extensive or primitive culture of bangus and sugpo with limited stocking per hectare. The ARSP implemented its credit program for financial assistance to develop fishpond areas in order to attain high yield of production compared to previous culture. BCBMPC was able to avail a total of Php20.0 million for 5 cycles that developed the fishpond areas of all cooperative members. The cooperative paid its obligation with unprecedented record of 100% repayment rate that coveted awards from DAR Provincial Office to the National Office. It is on this performance that increases the income of BCBMPC and constructed a 2-storey building out of its income.

The cooperative is a closed type which only gives priority membership to those who have fishpond areas within the province of Agusan del Norte. In 2003, the municipality of Magallanes was a hit by the White Spot Syndrome Virus, all prawn farms were wiped out by the virus, multi million cooperatives and prawn farm operators got bankrupt but God spared BCBMPC. The Board of Directors and Management shift its operations to savings and credit on February 23, 2004. Thus, the cooperative was able to raise a whooping Php17.0 Million loans receivables on their prawn farm operations. The cooperative expanded its services to the community to the whole province of Agusan del Norte and Butuan City. With the latest program implemented, membership of the cooperative rose from 110 members to 5,389 members in a matter of 6 year operations. Presently, the cooperative has an existing main office located in Magallanes, Agusan del Norte, 3 branches located in Cabadbaran City, Buenavista and Butuan City, satellite office at Langihan, Butuan City, Surigao City and last August 8, 2011 the newly opened branch located at Las Nieves, Agusan del Norte.

The cooperative renders various services to all its members, namely: prawn production with 300 hectares providing inputs and fries of fishpond growers; consumer's store that supplies the members daily basic consumption; and the latest program implemented the credit and savings operation. Savings program-regular saving 3% per annum; time deposit a maximum of 7% per annum; special savings 4% per annum (for fiesta, Christmas, vacation, etc.). Youth savers and teens with 3% interest rate per annum. Credit program that provide financial assistance on salary/pension, livelihood, providential and micro finance alleviate the income of its members.

The cooperative formulated a strategy for continuous CBU and Savings of members by incorporating on their loan payments the savings of their mode of payment and a compulsory deduction from their loan of 2% for savings and 5% for CBU.

The cooperative has an existing 77 employees for the 3 major operations. The BCBMPC is one of the CUES-Phils. partner in Caraga Region which is a program of USAID tied up with the World Council of Credit Union (WOCCU). The cooperative adheres to the financial discipline introduced by CUES-Phils. that adopts the MCUB Methodology in order to become a Model Credit Cooperative that assures the safety of the investments of cooperative members, to become stable and sustained its operations for a couple of years.

The cooperative promotes trainings for all its staff and officers to develop their skills and capabilities to become competent in the delivery of quality service to all its members.

BCBMPC is an active conduit of NLDC since 2003. It has an existing Credit Line of Php47.0 Million with NLDC-LCAP.

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