MICOOP

The NATCCO Network partners with micro to medium-size cooperatives in areas with high poverty incidence to provide microfinance services (micro savings, micro credit and micro insurance) through MICOOP.  It is a full-package: installation of MICOOP policies, systems and procedures and other non-financial services for productivity, competitiveness and growth of cooperative as an enterprise, with financial assistance through a special credit window – the MICOOP loan.
 
Since 2006, the MICOOP Team has provided both technical and financial assistance to these co-ops, including 50 Agrarian Reform Cooperatives (ARCs), thru the Department of Agrarian Reform’s MICARAS Program.
 
NATCCO has partnered with 67 primary cooperatives, establishing 122 MICOOP offices in rural areas. These MICOOP offices are in 60 provinces, serving 30,962 barangays. As of 2017, NATCCO has turned over the full management of 45 MICOOP offices to coop-partners, leaving 77 under its care.
 
As of 2017, these 77 MICOOP offices’ accomplishments:
  • Outreach – 166,953
  • Share capital – P 450.07 Million
  • Deposits – P 573.62 Million
  • Loan Releases – P 1.94 Billion
  • 8 micro co-ops became medium size
  • 4 MICOOP offices were turned over to partners for full management
 
The MICOOP Team, conducted:
  • 19 Strategic Plannings
  • 36 interim, 1 installation and 27 special audits
  • Capacity building activities nationwide:
o Regular one-week per month accompaniment
o ‘Mancom’ meetings
o 4 Fundamentals of Cooperatives
o 4 Governance and Management of Cooperatives
o 4 Rules Formulation
o Delinquency Management
o 2-week Making Microfinance Work in Cooperatives (an ITCILO International Course, facilitated by 2 ITCILO-accredited trainers from NATCCO)
 
It is said the legacy or measure of success of any development program is the growth of its constituents. Reason for this success is the undying belief that the countryside needs more than just financial services, co-ops need more than just sound procedures, and co-op staff need more than just skills – MICOOP  is a holistic approach in business development together with social development.    The graduation of four co-ops from MICOOP Program in 2017 is another proof that the MICOOP System is effective in helping fledgling or green co-ops in becoming robust and independent.  And one has become a large co-op, which is featured in the next page.