COOPERATIVE TESTIMONIES - Claveria Grassroots Cooperative

Summary

The video script celebrates Cooperative Month, highlighting the significant role of Cooperative Development Authority (CDA) in supporting grassroots cooperatives in the Philippines. It acknowledges the CDA's technical assistance, regulatory relief during the COVID-19 pandemic, and the successful referendum for a 50-year renewal of the cooperative's existence. The script emphasizes the partnership between the CDA and cooperatives, crucial for their mutual success and community support, especially in challenging times.

Takeaways

• 🎉 The Cooperative movement in the Philippines has been celebrated for over 100 years, impacting every corner of the country and enriching the lives of Filipinos, especially those in rural areas.
• 📈 The Cooperative Development Authority (CDA) was established to provide technical and financial assistance to grassroots multipurpose cooperatives, promoting their development and propagation.
• 👩‍💼 The CDA, under the leadership of Regional Director Atty. Franco Bauang Jr., has been instrumental in guiding cooperatives through policy formulation and adjustment in line with existing laws and regulations.
• 🏆 The CDA's examination and inspection teams have been recognized for their contributions to the achievement of cooperative goals and objectives, offering valuable opinions and recommendations.
• 📚 The cooperative's articles of cooperation and bylaws are now fully aligned with the CDA's Public Act number 9520, ensuring compliance with regulations.
• 🌐 During the COVID-19 pandemic, the CDA provided regulatory relief to cooperatives, including extensions for compliance reports and the renewal of certificates, as well as penalty oratoriums.
• 💰 The CDA allowed cooperatives to access funds, including the optional fund for calamity assistance, demonstrating support for members and communities in difficult times.
• 🗳️ The CDA facilitated the first-ever referendum for the cooperative, which took place over five days in September 2021, leading to the approval of annual budgets and development plans.
• 🔄 The referendum resulted in the renewal of the cooperative's existence for another 50 years, starting from August 6, 2022, signifying long-term stability and growth.
• 🤝 The CDA and the cooperative have established a strong partnership, with the CDA being a pivotal instrument for the success of the cooperative's operations for years to come.
• 🙏 The speaker expresses gratitude to God for the success of the cooperative and looks forward to continued glory and celebration of Cooperative Month.

Q & A

What is the significance of celebrating Cooperative Month in the Philippines?

The celebration of Cooperative Month in the Philippines highlights the importance of the Cooperative movement, which has been pervasive for over 100 years and has enriched the lives of Filipinos, particularly those in rural areas.

How does the government intervene in the cooperative sector in the Philippines?

The government provides broader intervention to regulate, stimulate, and promote the propagation and development of cooperatives as partners for change, which led to the establishment of the Cooperative Development Authority (CDA).

What role does the CDA play in supporting cooperatives?

The CDA provides technical and financial assistance to grassroots multipurpose cooperatives and helps them align with existing laws and regulations through consultation and deliberation.

Who is the leader of the CDA extension office mentioned in the script?

The CDA extension office is under the leadership of Regional Director Attorney Franco Bawang Jr.

How did the CDA assist cooperatives during the COVID-19 pandemic?

During the COVID-19 pandemic, the CDA provided timely interventions such as issuing memorandum circulars for regulatory relief, extending deadlines for compliance reports, and offering penalty moratoriums.

What is the significance of Public Act number 9520 in the context of cooperatives?

Public Act number 9520 is a law that the cooperatives must align with, and it outlines the regulations and guidelines that cooperatives must follow for their operations and governance.

What is the importance of the referendum conducted by the CDA in September 2021?

The referendum was significant as it allowed the cooperative to approve its annual budget, developmental plans, and programs, and more importantly, it resulted in the renewal of the cooperative's existence for another 50 years.

How does the script describe the relationship between the CDA and the cooperatives?

The script describes the relationship between the CDA and the cooperatives as more than a partnership, with the CDA being a pivotal instrument for the success of the cooperative's operations.

What is the term used in the script to describe the CDA's approach to assisting cooperatives?

The CDA's approach is described as 'intelligent, passionate, approachable, and friendly'.

What is the script's perspective on the importance of cooperatives during difficult times like the COVID-19 pandemic?

The script emphasizes that cooperatives are of great support to their members and the community, not only in the best times but more importantly during difficult times, such as the global health crisis.

What is the cooperative's view on the CDA's assistance in the formulation and adjustment of policies and procedures?

The cooperative offers a salute to the CDA for their assistance in the formulation and adjustment of policies and procedures, stating that the CDA's opinions and recommendations have been great factors in achieving their goals and objectives.