• Co-ops' CISA Compliance Good for Economy

    Credit Information Corporation CEO Jaime P. Garchitorena lauded the release of the Cooperative Development Authority’s Memorandum Circular 2019-01, as: “a significant step in achieving many of the inclusive lending targets of the National Government.”   Asked why co-ops need to Read More
  • CDA Tells Co-ops to Submit Credit Data to CIC

    The Cooperative Development Authority (CDA) has confirmed that co-ops must ‘establish, maintain, and submit credit data’ of members to the Credit Information Corporation (CIC).   Said government agency issued its first memorandum circular for the year, Memorandum Circular 01-2019, named Read More
  • All China Co-op Leaders Visit NATCCO

    QUEZON CITY – Delegates from the All China Federation of Supply and Marketing Cooperatives (ACFSMC) visited the NATCCO Network headquarters on September 18 to exchange information, learn about the Philippine cooperative sector, and explore business linkages.   The Chinese delegation Read More
  • Sector Honors 3 Tagum Co-op Leaders

    DAVAO CITY -- Three leaders of Tagum Cooperative were honored at the 14th National Cooperative Summit held at the SMX Convention City here, before some 3,000 co-op leaders from all over the country.   Mr. ANTONIO C. ARAÑAS, MPA has served Read More
  • Lezo MPC's Champion, Aklan's Pride

    AKLAN – She served the National and Local Government as a dedicated, hardworking Municipal Agriculturist Extension Worker of the Municipality of Lezo for 42 years, before she retired in 2010.  And Emelinda Revestir-de la Cruz has proven herself to be Read More
  • COOP-NATCCO Partylist guns for 3 seats

    All cooperative members, leaders, staff, management and stakeholders are reminded to support COOP-NATCCO Partylist (CNPL) in the upcoming 2019 Elections.  Support is through – voting, campaigning, or providing finances and logistics.   The CNPL, since 1998, has endeavored to protect Read More
  • Ravanera, Chinese Counterpart Sign Agreement

    The Cooperative Development Authority (CDA) represented by Chairperson Orlando R. Ravanera and the Ministry of Agriculture and Rural Affairs (MARA) of the People's Republic of China represented by Han Changfu, signed a Memorandum of Agreement (MOU) for the Strengthening of Read More
  • Financial Pillar Shows Challenges & Hopes of Co-ops

    DAVAO CITY – One of the highlights of the 14th National Cooperative Summit was the Financial Pillar Presentation.  The Financial Pillar is considered to be the most “liquid” sector of the cooperative, delving into financial services.   The Finance Pillar Read More
  • How Lamac MPC Engages Youth

    DAVAO CITY - Co-op Youth Leader Justine Limocon of Lamac Multi-Purpose Cooperative in Cebu Province, spoke at the Cooperative Summit before more than 3,000 co-op leaders from all over the country, urging them to engage the youth in their cooperatives.   Read More
  • NATCCO GA on April 26-28 in Iloilo City

    ILOILO CITY – Representatives of member cooperatives of the NATCCO Network will converge in Iloilo City on April 26-28 for the 17th Coop Leaders Congress and the 42nd General Assembly.  Venue is the Grand Xing Imperial Hotel.   This year’s Read More
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Malabon Central Market Co-op Celebrates 40th

 MALABON CITY – Last September 14, 2017, the Malabon Central Market Development Cooperative (MCMDC) celebrated its Ruby Anniversary with activities throughout the day, which included an early morning mass, free eye check-up, reflexology, medical consultation, and haircuts to members and even non-members.
 
With this, the members recalled the co-op’s beginnings from 40 years ago.
 
It was during Martial Law, in September 1977, four gentlemen - James Roberson (Ka James), Johnny Lorenzo (Ka Johnny), Guillermo Alvarez (Ka Al) of Central Market Development Cooperative, and Arcadio Piamonte (Ka Arcade) of Divisoria Traders Development Cooperatives -- went to Malabon Central Market.  Nicknamed as the “Kuwatro Kantos,” the four met with Ireneo Valera (Ka Noneng) regarding the establishment of a credit cooperative.
 
At the time, there was already an electric cooperative for the entire Malabon Central Market, but it would later go bankrupt.  
 
The four would propose to Ka Noneng resurrecting the co-op, but with a new purpose: savings and credit.  
 
Ka Noneng immediately called for a meeting of the market vendors and start the process of re-establishing the co-op.  The re-organized co-op would be a venue for the market vendors to help one another to increase their capital.
 
For four afternoons from February 20-23, the “Kuwatro Kantos” and the Bureau of Cooperative Development conducted a seminar on cooperativism.  Later, there would be an Organizational Assembly composed of the seminar graduates. They would elect among themselves the leadership and committees of the cooperative.
 
Elected Chairman was Ka Noneng.  The Board and Committee members would state their Oaths on March 5 led by then Mayor Maynardo Espiritu.  The oath taking was witnessed by the “Kuwatro Kantos.”  
 
Just a few days later, the new co-op began operations, and was housed in the office of the Market Master, Mr. Gabriel de Lara or Tata Ambien.
 
Thus was born the first co-op in district: Malabon Central Market Development Cooperative.   The Kwatro Kantos would eventually federate the National Market Vendors Cooperative. 
 
The first General Assembly would be held on February 22, 1978 and raise capital amounting to P28,000.  The Petty Cash Fund amounted to P100.
 
The first award came after just four years in 1981: Best General Assembly Award from NAMVESCO.
 
In 1994, the Dept. of Trade & Industry would give the co-op the Gintong Tala Award, for being the market with the lowest prices for prime commodities.
 
The NAMVESCO would also give the MCMDC its recognition for being the Outstanding Primary of the federation.
 
A second Gintong Tala Award would come from DTI and Planters Bank the following year.
 
Not until 2005 would the City of Malabon give the co-op the “Most Oustanding Cooperative of Malabon.”
 
Also for its advocating sound meat handling and processing practices, the Bureau of Animal Industry and the National Foot and Mouth Disease Task Force gave MCMDC gave the co-op a Plaque of Recognition in 2005.
 
Today, the co-op manages members’ assets amounting to P50.1 Million.  Of the assets, P44 Million is Deposits, while the rest are property.
 
MCMDC  aims for four key result areas: Institution, Economy, Education and Discipline.
 
The Mission is to propagate self-reliance and harnessing members’ power towards the attainment of economic development and social justice.
 
And they will achieve this by fulfilling the universally-accepted Cooperative Principles.
 
 
 

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