Introduction
In a significant move to support micro and small cooperatives, the Cooperative Development Authority (CDA) has launched the “Malasakit sa Kooperatiba” program. This initiative aims to provide financial assistance to 23 cooperatives in Region XI, each receiving fifty thousand pesos. Let’s delve into the details of this program and its impact on cooperative development.
Senator Bong Go’s Advocacy
Senator Christopher “Bong” Go, Vice Chair of the Senate Finance Committee and a member of the Senate Cooperatives Committee, has been a strong advocate for cooperative development. His efforts have led to the allocation of funds for the 2024 CDA Human Capital Development Program for Cooperatives.
CDA’s Mandate
The CDA, as the government agency responsible for promoting cooperative viability and growth, operates under the mandate outlined in section 15, Article XII of the Constitution. Here are key aspects of its role:
- Integrated Plans and Programs:
- The CDA formulates, adopts, and implements comprehensive plans and programs for cooperative development.
- These initiatives align with the national policy on cooperatives and contribute to overall socio-economic development.
- Financial Assistance:
- Recognizing the challenges faced by cooperatives, especially micro and small ones, the CDA extends necessary financial aid.
- This assistance provides cooperatives with opportunities to recover, improve their operations, and alleviate their status.
- SPECIAL ASSISTANCE FOR RECOVERY AND ALLEVIATION Program:
- The Program specifically targets micro and small cooperatives in need of government support.
- Its goal is to help cooperatives rebuild, recover, and enhance their services to members.
Beneficiaries and Approval Process
- Identification of Beneficiaries:
- CDA Regional Offices play a crucial role in identifying eligible cooperatives.
- These offices endorse and seek approval from the CDA Board for the selected beneficiaries.
- Documentary Requirements:
- Potential Cooperatives receiving financial assistance must submit the necessary documentary requirements as provided in CDA MC 2022-12 in adherence to government accounting and auditing rules.;
Conclusion
The “Malasakit sa Kooperatiba” program exemplifies the commitment to cooperative development and social justice. By empowering micro and small cooperatives, we strengthen local communities and promote economic growth. Let us continue supporting initiatives that uplift our cooperatives and foster equitable progress.
-Cooperative Project Development and Assistance Section (CPDAS) RXI
