The cooperative Development Authority issues a Memorandum allowing the cooperatives to distribute Interest on Share Capital to their respective members amidst the declaration of state of calamity in the country brought about by the COVID-19 pandemic. The memorandum issued and signed yesterday (March 26,2020) by Chairman Orlando R. Ravanera states that the distribution of ISCPR, equivalent to “Dividends” to private corporation “in these trying and uncertain times are badly needed by the members.”