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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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