• Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
HERALD EXPRESS | News in Cordillera and Northern Luzon
ADVERTISEMENT
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
HERALD EXPRESS | News in Cordillera and Northern Luzon
No Result
View All Result
Home Columns

7th Cooperative principle and social audit of cooperatives (Part 1)

Lotes P. Lab-oyan by Lotes P. Lab-oyan
November 8, 2015
in Columns
Reading Time: 3 mins read
0 0
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Individuals pool their resources to form a cooperative that addresses their felt needs.  As a business enterprise owned by members with crafted vision, mission, goals and objectives, it also caters to the needs of the community where it exists. Different services are offered to satisfy the needs of its shareholders at the same time expanding its assistance to potential members who in turn can become part of the organization. When the cooperative reach out to the community it tries to fulfill the seventh (7th) international cooperative – “concern for the community”.

Underlying this commitment is for cooperatives to become economically viable and share part of its resources to advance socio-economic development. When realized this manifest the real motive of cooperatives as it looks to serve members and the community to the fullest through allocation of its net surplus.

In the Philippines, Article 86 of Republic Act 9520 provides an allocation for the social concern of cooperatives and often referred as “cooperative development fund (CDF)”. A three percent (3%) allocation from the net surplus is set aside every year to finance projects or activities that will benefit the community where the cooperative operates. As can be observed the Code and the CDA has not fixed the projects or activities that shall be funded by the CDF and the option belongs to the cooperative to determine such.

RelatedPosts

On Time

Worker’s Investment and Savings Program (WISP): Isa pang layer ng social protection mula sa SSS

Healthy Diet for the Heart

In our interactions with various cooperatives leaders allocated CDF funds had been donated to fund barangay infrastructure projects, used to support education of sons and daughters of members, support to victims of calamities, accidents and death aid. Queries were also raised by some officers and management staff on where to use such fund especially among micro and small cooperatives.

I remember the sharing of one cooperative participant to a recent exposure trip in Thailand last month. According to her much of the net surplus of the cooperative goes to social welfare but the cooperative does not give patronage refund. Also the interest on share capital is not too high as the cooperative focuses on providing socio-economic assistance to the poorest of the poor in the community where the cooperative operates. She eagerly shared her observations and wants to adopt such practice in her cooperative.

Listening to her impression on their recent trip, I proposed for her to suggest to the Board of Directors for possible review of its policies related to usage of community development fund rather than creating another fund for such purpose. The provisions of RA 9520 had clearly provided such and the remaining task of cooperatives is to have their own policy. I proposed that in case the cooperative has no clear guidelines on how to utilize its fund the Board can formulate policy to cover assistance to community residents who are not members of the cooperative. The fund can be allotted for health, education, environment and livelihood assistance to community residents with income below the threshold level. If the fund is not sufficient then a review on the allocation of optional and community development fund should be undertaken.

Given the CDA guidelines that the total allocation for optional and CDF should not exceed 10%, the Board can propose to the General Assembly to modify the allocation provided in the by-laws of the cooperative and possibly decrease the amount allotted for optional fund and increase the CDF allocation. Assuming that the cooperative has existing land and building for its operation, the focus on community development can become a major project of the cooperative. After all winning the hearts and minds of the community to subscribe to cooperative contributes to social development. When policy directions and programs on community development are clearly defined the cooperative will encounter lesser problems in assessing its social contributions to the community.

ADVERTISEMENT

To be continued…

For comments, reactions email us at loteslaboyan@yahoo.com. We shall be glad to help you and become a part of our growing CDA and Herald Express family.

ShareTweetSend
ADVERTISEMENT
Previous Post

Garbage Crisis

Next Post

12-hour blackout in Baguio, Benguet

Lotes P. Lab-oyan

Lotes P. Lab-oyan

Related Posts

The Flag

On Time

by Atty. Erik Donn Ignacio
March 31, 2023
0

There are many concepts which are difficult to grasp, one of which is time. Without calendars or clocks, it will...

SSS clarifies contribution hike

Worker’s Investment and Savings Program (WISP): Isa pang layer ng social protection mula sa SSS

by ---
March 30, 2023
0

Patuloy na sinisuguro ng SSS ang kinabukasan ng bawat manggagawang Pilipino sa pamamagitan ng pagbibigay ng tatlong layer ng social...

Fiber and Your Health

Healthy Diet for the Heart

by Imelda Degay
March 28, 2023
0

To sum up the past issues on diseases of the heart and blood vessels, what foods then should be consumed? ...

Next Post

12-hour blackout in Baguio, Benguet

Baguio number coding scheme suspended on November 17 – December 7

Alfonso Lista’s No. 4 wanted person falls

ADVERTISEMENT

Recent News

PSA Adopts  New Policy for Release of Civil Registry Documents

PSA to compile provincial product accounts of provinces in Ilocos

March 31, 2023
Tabuk folk support 3 frontliners

Tabuk city joins international smart city expo

March 31, 2023
Real beauty of a true Cordilleran

Tabuk city celebrates women’s month

March 31, 2023
Fate of Cordillera in House version of charter change doubted

6 graduates of the CBDRP receive livelihood assistance

March 31, 2023
ADVERTISEMENT
HERALD EXPRESS | News in Cordillera and Northern Luzon

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory.

Follow Us

Search

No Result
View All Result
  • Headlines
  • City/Region News
  • Sectoral news
  • Opinion
  • Sports
  • Other sections
  • Ads & Notices
  • About Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist