The Cadiz City Government Employees Dynamic Multi-Purpose Cooperative is presently riding high in accomplishments for the year under review. Visualizing a 30 million pesos capitalization target in 2014, the CCGEDMPC, a government employees ‘association composed of eighty eight percent (88%) city hall employees, has broadened its business opportunities when the Board of Directors, chaired by Gerardo Batislaon, Assistant Budget Officer of the City Budget Office, approved the passage of Board Resolution No. 2009-026 or the Hospitalization Loan to a maximum of Ten Thousand Pesos (P 10,000.00) with an interest rate of one percent payable within one year. The hospitalization loan is available to a coop member or his immediate family member who is confined to a hospital.
Next year’s expansion of the present close type cooperative to open type will optimistically mark a turnaround of its operations. The proposition looks very promising to the present standards, hence, would be a picture of “right-on-the-track” development in all its probability. An open type cooperative accepts as members, small entrepreneurs, private individuals and private entities, casual and contractual employees in city hall. They will qualify for the same loan windows as the regular members who were government employees.
The CCGEDMPC, through its seventeen years of existence, had been a “consoling hand”, alleviating the aches of cash-strapped members and having the perceptivity to have stood in the forefront by addressing the basic needs of its cooperators. The collaborative efforts by the organization had answered the dreams in realizing each respective goals by reaching out, assisting, pursuing, and nurturing with perseverance, be it in business, education, health and other financial obligations, thus, standing as guardian of the members’ assets and shielding arm from usurious loan transactions that the members were inclined to enter with a compromise.
Moreover, coop members get to enjoy reasonable prices for each grocery item that the cooperative store offers. According to Mr. Batislaon, it has gained an estimated ten percent (10%) contribution to the profit.
Consequently, an increased loan ceiling for Productive Loan, the cooperative’s highest loan grant of Eighty Thousand pesos (P 80,000.00) in previous years will increase to as much as One Hundred Twenty Thousand Pesos (120,000.00) or more, implementation of which shall take effect soon after the guidelines were out. The increased loan ceiling aims to meet the up scaling of prices on all basic commodities, fuel, and school fees. Other loan windows available are: Educational Loan, Commodity Loan, Trading and Special Loans.
Regularly, the Education Committee, chaired by Ma. Daisy G. Revalez, Assistant City Treasurer of the City Treasurer’s Office, conducts membership campaign through Pre-Membership Seminar (PMS) to obtain a hundred percent membership on all employees in city hall./*
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