CITY OF SAN FERNANDO–In commemoration with the “Aldo Ning Kooperatiba”, Governor Lilia Nanay Pineda on Monday, led the awarding of financial assistance provided by the Manila Water Foundation (MWF) to the seven cooperatives of the province during the flag ceremony at the Capitol grounds.
According to 2nd district Board member and Trade and Industry Committee chair Anthony Joseph Torres, “cooperatives deliver a huge contribution in the province despite their quiet business operation.”
“With this year’s theme “Isang-Daang Taong Pagpupugay Tulay Sa Maunlad na Buhay”, the volume of cooperative business in the province is now almost P4-billion, a huge factor in the economic growth of the province,” Torres said.
The board member also disclosed that there are currently 259 registered cooperatives in the whole province of Pampanga with 45,000 members of which, 1,300 of their employees are Kapampangans.
A former program of the provincial government under the management of the Provincial Cooperative and Entrepreneurial Development Office (PCEDO) called “Kayantabe Ning Panyulung” program is now being sustained by the cooperative partners of the provincial government who are more equipped and capable of managing such program.
The Manila Water Foundation is the corporate foundation of Manila Water Company, a partner subsidiary of Clark Water.
One of its programs is the “Kabuhayan Para Sa Barangay” which provides financial assistance to cooperative scholars who have at least two years of operation but lack of resources.
Each awardee received P100,000 financial assistance payable in one year with no interest comprised of trainings and capacity building provided by the foundation on how to make their assets more advantageous to them.
The seven cooperative awardees include: Angeles City National High-School Multi-Purpose Cooperative, St. Michael Workers Primary Multi-Purpose Cooperative, Pampanga High School Multi-Purpose Cooperative, Clark Multi-Purpose Cooperative, Save and Serve Multi-Purpose Cooperative, CGS Solid Employees Multi-Purpose Cooperative and Golden Group Gabay Puhunan Brotherhood Multi-Purpose Cooperative.
BY MARIBEL U. SINGCA
