Semirara, Antique. The SEMIRARA MULTI-PURPOSE COOPERATIVE (SEMCO) was nurtured by the changes in its environment. Nevertheless, SEMCO was able to say ‘no” to hindrances and “yes” to new opportunities for growth and developments and meted out its crucial role in maximizing the benefits for the members and the community.
The cooperative indicates its expanded membership from the employees and subsidiaries of Semirara Mining and Power Corporation (SMPC) and island based private and public school teachers, school staff, business owners, market vendors, and operator-members of SEMTODA.
Like any organizations, SEMCO went through a series of challenges that almost threatened its stability. The changed in Semirara Coal Corporation Management in 1998 greatly affected SEMCO’s operation. Retrenchment program of the company, resulted to decrease in SEMCO’s membership and members’ equity.