In our previous write ups, we had presented some figures related to assets. In todays’ sharing, I shall discuss on figures that had been consolidated as a result of the compliance of cooperatives to CDA reportorial requirements. The data were lifted from statistical data posted by the Cooperative Development Authority in its website. We made some analysis and comparison with our regional data to arrive at a clearer understanding on how far cooperatives in CAR contributed to the national data.
Under CDA Memorandum Circular No. 2007-07 “Revised Categorization of Cooperatives as Amended”, cooperatives are categorized based on total assets. Cooperatives with assets up to P 3 million are considered micro, P3,000,001 to 15 million as small, P 15,000,001 to 100 million as medium, and above 100,000,001as large.
Statistical data from CDA-Central office indicated that out of the 24,652 registered cooperatives in the Philippines, about 10,762 cooperatives or 44% submitted mandatory reports as of December 31, 2014. The compliant cooperatives were then categorized based on total assets with the following results: 395 cooperatives – large; 1,410 cooperatives – medium; 2,762 cooperatives – small and 6,195 cooperatives – micro.
The above information shows that bulk of the cooperatives are classified as micro constituting about 58% of the total number of reporting cooperatives. This was followed by small cooperatives comprising 25.66%; medium-13.10% followed by large cooperatives at 3.67% of the total number of compliant cooperatives.
In terms of combined assets of the 10,762 compliant cooperatives in the country was about P 248.54 billion, large cooperatives own about P 171.73 billion or 69.09% of the total combined assets of reporting cooperatives valued at P 248.54 billion. This was followed by medium cooperatives that hold about 52.14 billion or 20.98%; small P 19.94 billion or 7.66% and micro P 5.63 billion or 2.26%.
Further, consolidated reports of 509 cooperatives registered under CAR Extension Office showed a combined asset of P 11.35 billion. The combined asset of 26 large cooperatives in the region is about P 8.1 billion representing 4.72% of the total assets of large cooperatives in the country. 60 medium cooperatives in CAR had a combined asset of P 2.15 billion comprising about 4.12% of the national data on medium cooperatives. In addition, 120 small cooperatives in the region posted a combined asset of P 786.48 million or about 4.12% of the national asset of small cooperatives. Consolidated data of 303 micro cooperatives in CAR reached P 311.29 million that represents 5.52% of the national figure on assets micro cooperatives.
The trend presented above clearly indicates that large cooperatives, though small in number, had the highest resources followed by medium, small, and micro cooperatives, respectively. We noticed that the overall 44% compliance of cooperatives to reportorial requirements is quite low. However, it is interesting to note that out of the 868 total registered cooperatives in CAR, about 509 cooperatives submitted reports that represents about 59% of the total number in the region. The low percentage of compliance can be attributed to the performance of some registered cooperatives that had been classified as dissolved, cancelled and delisted but were included in the Cooperative Master List and in the computation. While the result is quite alarming, we always consider it as a challenge to further improve our services to be of help to the different cooperatives. It is our desire that the cooperatives with some difficulties in their respective operations visit us in our respective offices situated in every region for possible technical assistance. We also encourage that the service of secondary cooperatives like unions, federations and other training providers be accessed by all cooperatives to harmonize and unify us in solving the issues and concerns of cooperative businesses.
Last March 19, 2015, I received a text message from Mr. Francisco “Kikoy” Natividad, Acting Assistant Regional Director of CDA-Region 2 informing that a new CDA Chairman and 2 Board of Administrators was appointed. Let me take this opportunity to express our warmest welcome to Hon. Orlando R. Ravanera, CDA Chairman and Administrators Paisal L. Cali representing Mindanao and Benjie S. Oliva representing Visayas. With the complete set of Board of Administrators headed by the new Chairman who was previously the Regional Director of CDA-Region 10 we look forward to the formulation of policies that will further enhance the capabilities of the CDA personnel, cooperatives and stakeholders towards genuine development.
We would like to express our profound gratitude to the different cooperatives who invited us during General Assembly Meetings. We hope the updates and technical assistance rendered be of use to advance the cooperative vision and mission towards global competitiveness.
To all registered cooperatives, please submit your reports on time. Our deadline is April 30, 2015. Penalties shall be imposed on late reports.
Congratulations to our graduating students all over the country. We are proud of you and we encourage you to continue your journey by making a difference. Let us find ways to help our community grow and be globally competitive. To our fellow parents and guardians, let us provide the requirements of our children. “Education is a lifetime investment and the only inheritance that cannot be sold by our heirs.”MABUHAY!