Bidlisiw Sa Kalamboan Credit Cooperative started after a few years of operation of the Sponsorship Program (SP) implemented by the Mindanao Resource Institute for Community Empowerment (MINRICE), Inc., a non-profit Non-Governmental Organization (NGO) headed by Dr. Fernand Q. Buensalida in partnership with ChildFund Japan (CFJ).
After a series of meeting with the sponsored families or the beneficiaries of the program, they felt the need to organize themselves into a self-reliant organization. Composed of 53 members coming from the two barangays (Cogon and Sangkol) in Dipolog City, each member started contributing Capital Build Up (CBU) of P200.00.
In 2010, they were formally organized as cooperative and formally registered with the Cooperative Development Authority (CDA) and were granted registration with registration number 9520-09016951 and CIN – 0103090532 on September 30, 2010. Lending is the core business of the cooperative designed for productive and providential purposes. It has three products: commodity loan, business loan, and multi-purpose loan.
The coop started with a commodity loan which entice member most to patronize their own product, followed by Micro finance loan in 2011. Regular loan and Multi- purpose loan in 2012-2013. Meeting was conducted every month to report the progress of their business by presenting and discussing the Manager’s Loan Delinquency Analysis Report and Loan Delinquency Action Plan, the Treasurer’s cash flow updates and the bookkeeper’s financial analysis report. Members’ commitment and participation strengthened as they seen the impact of their cooperation.
As the coop continues its journey to be self-reliant, core leaders tender their voluntary services and genuine commitment to manage the coop and enhance their capability by attending CDA mandated training and seminars conducted mostly by the Institute of Cooperative Studies of the MASS SPECC Cooperative Development Center in partnership with the Aloran – Oroquieta – Dipolog Cluster of Cooperatives.
In 2019, the cooperative was granted the amendments to the Articles of Cooperation and By Laws and become MULTIPURPOSE COOPERATIVE. It has graduated from Micro to Small Category with total assets of Ph3,004,372.64 as of December 31, 2017.
Bidlisiw sa Kalamboan MPC has two (2) types of membership: Regular Member with a Share Capital of Php500.00 and above and Associate Member who has Share Capital of Php499.00 – Php100.00 Members with Share Capital of below Php100.00 are considered Prospective, hence, not yet considered as members of the cooperative.
