• 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
  • Coop Philippines Marque Launched at 14th Summit

    DAVAO CITY – To establish the co-op brand and identity in the country, the Co-op Sector launched at the 14th National Cooperative Summit the Co-op Marque Philippines.   This is in line with International Cooperative Alliance thrust for “Vision 2020”, Read More
  • Dr. Luis Carrillo: Bigay Pugay Awardee 2018

    Dr. Luis Carrillo sought wisdom from the written divine revelation, fascinated with numbers, and believed cooperation is the key to attain better quality of life for humanity.    He obtained a Diploma in Pastoral Theology from International Grace Bible Institute Read More
  • ICA Backs Zero Tolerance for Harassment & Discrimination

    BUENOS AIRES – The cooperative movement has approved a formal commitment towards the promotion of a decent working environment and zero tolerance for any form of harassment. The fact that a global actor like the International Co-operative Alliance (ICA) commits Read More
  • Felisa Palencia: Bicol Region’s Bigay Pugay Awardee

    BAAO, CAMARINES SUR – An educator and training provider, Director Felisa M. Palencia has been instrumental in the training and education of the cooperators in this Municipality. She has been a member of the Baao Parish Multi- Purpose Cooperative for Read More
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Oro Integrated Reaches for Stars, Deepens Roots

Founded by 28 co-operators in March 1966 to provide opportunities for vendors, entrepreneurs, self-employed, teachers and farmers, Oro Integrated Cooperative has gone a long way.
 
OIC had sturdy roots, having co-op champions among its list of founders, such as Atty. Mordina Cua (a NATCCO pioneer), and Aquilino Pimentel, Jr. who authored the Cooperative Code of 1990.  The OIC became the first open type “community-based” cooperative in Region 10.  It also became the first co-op to operate an ATM.  From initial capital of 88 pesos, it is now a Billionaire Co-op with P3.59 Billion in Assets.
 
In 2012, OIC celebrated its Golden Year, and it was then that the NATCCO Consultancy Team conducted its Diagnostics.
 
The team is using APPEAL Ratios (acronym for Asset Quality – Delinquency, Protection Ratios, Effective Financial Structure Ratios for Deposits, loans , Share Capital and Borrowings), a tool they developed based on the PEARLS, COOP-PESOS and others, which reflect the over-all condition of the co-op.
 
Almost nothing escapes from theAPPEAL Tool.  What caught the trained eyes of the Consultants were not only the ratios, but rather the numbers.
 
Delinquency in terms of PAR value, for instance, was 15% in 2016 and might be ignored by some.  But in terms of value, it was considerable – at P150 Million only for >12 months accounts!
 
Plus, the loan Portfolio Structure of the co-op was going down from 72% in 2013 to 52% in 2016.
 
The Consultancy then recommended in the 2017 interventions  to install a Remedial Management Unit to the three branches with portfolio >12 in Yacapin, Cogon, and Baungon branches.  
 
 Job descriptions and placement of people were done as well as the tools, guidelines, and policies were drafted.  Coaching was also done for the Sales Team.
 
While OIC indeed had gone a long way, it had somehow lost its way when it began to focus on larger loans where asset-based lending is much required. Large . . . as in the range of P10 to P20 Million!
 
At the Strategic Planning facilitated by the Consultants in November 2017, the OIC leaders decided to go back to their Mission.  OIC would improve engagement to its members, modernize its ICT system and exercise financial discipline, empower employees, establish succession, and help members further their entrepreneurial skills.
 
OIC also began to offer rent-to-own padyak and other services, focusing more on the reason why they were created (i.e. for vendors, entrepreneurs, self-employed, teachers, and farmers)
 
Clearly, not all the needs of the members are financial. 
 
For OIC to focus on members’ financial needs, the co-op established subsidiaries such as Golden Grains Marketing Cooperative to help members in agriculture; OIC Foundation for community activities and scholarships; and soon, a real estate corporation for members’ and staff’s housing needs.
 
But overall, the co-op needs to be sustainable in order to provide these services.  During the recent Sharing of Best Practices Meeting, OIC ranked first based on the APPEAL Ratios of December 2017.  This shows that the co-op’s savings and credit operations, which is the bread and butter of the business, is following strict financial disciplines over the years of interventions.  Hence, OIC is now expanding services to its members, without compromising the sustainability of operations.
 

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