GOAL 1: Unify and integrate the finance cluster stakeholders
Rigt now we are fragmented. So to do this, the Finance Cluster will do the following starting 2023 until 2028:
Responsibility for this is with the Sectoral Apex Organization.
Adjustments are difficult when you change rules in the middle of the game. We are looking at one acceptable performance evaluation tool that with 100 compliance standards set. This is a difficult climb, specifically with our delinquency problem. In 2023, compliance will be 10% only. By 2028, 100%. Duty-bearer is CDA in consultation with the SAO.
We target that 50% participating small and micro co-ops will have ‘moved up’ to the next level by 2028.
The Koop Kapatid Program will be highly-utilized.
While we are being realistic on the 50% target, so in case that some small and micro co-ops fail, the remedy will be to merge or consolidate these co-ops to become larger, integrated, sustainable and stable. By 2027, we target that 20% of those co-op that failed in this endeavor will have merged or consolidated, or closed.
The CDA will do this.
GOAL 2. Ensure effective and Efficient operation of cooperatives through sound guidelines, regulations and policies
It is targeted that 60% of supervised co-ops should be able to level up. Supervision will begin with the Billionaire co-ops (because they have the responsibility of managing Billions of funds, the largest bulk of the sector’s assets). Thus, the reputation of the co-op sector rests more with these. To follow are the large co-operatives, and down the line.
Goad 3: Provide a systematic process of consultation in the co-op movement.
To achieve this:
GOAL 4: Strengthen the Partnership between CDA and the co-op sector.
Photo of 100 Peso Bill courtesy of Wikipedia
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