Butuan City, June 4, 2025—Eight Micro and Small CMPL cooperatives received a significant boost in their operations during the Financial Assistance Turned Over at the Cooperative Development Authority (CDA) Conference Hall, 3rd floor, Balebria Building, Pili Drive, Butuan City. Each cooperative was granted ₱400,000.00 amounting to a total distribution of ₱3.2 million.
The gathering was attended by key officials, the CDA Regional Director Monatao Honeya R. Alawi, DPA, RCO-CMPL President Mr. Jernie A. Cabusog, the City Cooperative Development Officer (CCDO) of the Local Government Unit of Tandag Ms. Lorna L. Novo, and the Municipal Cooperative Development Officer (MCDO) of San Jose, Province of Dinagat Islands Mr. Loejun Y. Patual. Their presence underscored the importance of this initiative in strengthening the cooperative sector.
The initiative aims to support the growth and sustainability of cooperatives, empowering them to enhance their business activities and contribute to economic development within their communities. Representatives from the recipient cooperatives expressed their gratitude, emphasizing the importance of financial backing in fostering cooperative success. The recipient cooperatives are, to wit:
- SELF RELIANCE AGRA MULTIPURPOSE COOPERATIVE (SRAMC)
- DONA HELENE BASILISA RIVERSIDE AGRICULTURE COOPERATIVE (DHBRAC)
- TANDAG FIRST MACRO AGRICULTURE COOPERATIVE (TAFIMACO)
- PANIKIAN MULTIPURPOSE COOPERATIVE (PAMULCO)
- AGUSAN DEL NORTE ELECTRICIANS MPC
- HAPPY LADIES MULTIPURPOSE COOPERATIVE (HLMPC)
- KOOPERATIBA PRODUCERS SA MGA MAG-UUMA SA OLAVE (KAMAO)
- CEBULAN ANOLINGAN BENTAHON GUADALUPE STA. INIS ORONEGA MULTIPURPOSE COOPERATIVE (CABEGSO)
Officials present at the event reiterated their commitment to strengthening the cooperative sector through continued support and development programs. The financial aid underscores efforts to uplift small-scale cooperatives and reinforce their role in local economic progress.
This turnover marks another milestone in advancing the cooperative movement, ensuring that micro and small enterprises receive the necessary resources to thrive in an evolving business landscape.
For the closing message, the CPDAS Head, Senior CDS Demelyne B. Gabales, emphasized the crucial responsibility of utilizing the financial assistance solely for its intended purpose, as detailed in the proposals. She urged all recipients to manage the funds prudently and ensure that every peso contributes to the envisioned growth of their cooperative. Furthermore, she highlighted the importance of accountability, calling on beneficiaries to prepare and submit their liquidation reports at the soonest possible time to maintain transparency and uphold the integrity of the program.
The turnover event not only strengthened the ties between cooperatives and financial support institutions but also reinforced the principle of responsible stewardship. As these Micro and Small CMPL Cooperatives embark on their journey toward sustainability, the proper use and liquidation of funds will serve as a foundation for future assistance programs, ensuring a continuous cycle of growth and development within the cooperative sector.
