SPMPC marks 20 years of creating better lives PDF Print E-mail
Tuesday, 01 April 2014 11:06

The Sangguniang Panlungsod Multi-Purpose Cooperative (SPMPC) on Sunday marked another milestone in the service of its 2,340 strong members and counting with the conduct of its 20th Annual General Assembly anchored on the theme “SPMPC: 20 Years of Creating Better Lives”.

Held at the Regency Convention of Grand Astoria Hotel in Pasonanca, the SPMPC assembly was highlighted by the election of three new members of the Board of Directors, namely Omer Remo, Paul Lozada and Sonia San Juan.

The assembly started with registration of members at 8 a.m. followed by the formalities and the giving away of fabulous door prizes from home appliances to sacks of rice and cash, to the delight of the members present. The most-awaited and thrilling part was the raffle draw of cash prize of P20,000 for the first, three of P15,000 for second, three of P10,000 for third and 20 of P1,000 for consolation.

Businessman Pedro Rufo “Pocholo” Soliven, president of the Zamboanga City Chamber of Commerce and Industry Foundation Inc., in his keynote speech inspired the assembly with his words of wisdom on entrepreneurship as he called on the SPMPC members to be job creators rather than job seekers.

“As Filipinos or as Zamboangueños our biggest enemies are ourselves. We are too complacent. We are so accepting. We are reactive not proactive. We must have the courage to change ourselves,” Soliven stressed. “Success is a battle between you and yourself alone,” he added.

For his part, Ramsy Fernando, chairman of the SPMPC Board of Directors, said the assembly as was a celebration of the coop’s 20 years of striving to show that a different pathway to human development is possible and worth living.

He said the SPMPC was formed in 1994 by the city councilors at the time and started with few employees of the City Council as members. Today, it has expanded its membership to employees of other city government departments, including the Western Mindanao State University, private groups and self-employed entrepreneurs.

Fernando assured the coop will continue to be its members’ avid supporter, especially in forging unity toward sustained empowerment and development through cooperativism, ensure the security of the members’ investments through transparency and good governance, sustain good financial position, make SPMPC a happy and rewarding workplace, and capture a greater market share in the cooperative industry.

Arturo “Tuting” Cabidog Jr., the general manager, explained to the members the coop’s financial stability, services, programs and activities, and loan policies.

He pointed out that the SPMPC management maintains a system of accounting and reporting which provides for the necessary internal controls to ensure that transactions are properly authorized and recorded, assets are safeguarded against unauthorized use or disposition and, liabilities are properly recognized.

Cabidog also announced the Land Bank of the Philippines’ approval of the coop’s P200 million loan application.

Judith Gregorio, who chairs the Credit Committee, reported that the coop had released P72.6 million worth of regular loan, medical loan, enrollment loan, grocery loan and ATM card loan to the members from January to December 2013.

She also said the coop had extended P16.013 million worth of regular loan to the friends and relatives of the members, including barangay health workers, nutrition scholars, micro finance loan, micro finance loan for flowershop owners/growers, tricycle operators and drivers. Other benefits extended by the coop last year amounted to P120 million.

Also present during the assembly were Councilors Charlie Mariano, Pinpin Pareja and Myra Paz Valderrosa-Abubakar, chairperson of the City Council’s Committee on Cooperatives, other officers and an official of the Land Bank.— Vic Larato