The Clasp of Good Hands
Starting with a cause, moving in a right track, and now touching lives.
The Holy Child Multi-Purpose Cooperative was conceived way back on June 10, 1965. Originally, it was called the Holy Child Cooperative Credit Union with an initial capital of Php 250.00 and 29 pioneering members.
Authored and nourished with the fatherly concern of Brother Augusto Mier of the Knights of Columbus Community Services Incorporated, this coop grew and expanded its operations, hence, boosting its capacity to offer more services and implement community development programs and projects in the municipality.
As a vital credit facility for the rural constituents of the municipality of Bato, Leyte the coop offers financial assistance under two schemes: productive and providential.
Productive loan is meant to backstop commercial, industrial and agriculture-related livelihood. This is usually availed of by market vendors, farmers and fisher folks. On the other hand, providential covers personal, educational and appliance loans. And, just lately we included car, motorcycle, institutional and travel loans.
Productive loan is meant to backstop commercial, industrial and agriculture-related livelihood. This is usually availed of by market vendors, farmers and fisher folks. On the other hand, providential covers personal, educational and appliance loans. And, just lately we included car, motorcycle, institutional and travel loans.
This is practically a convenient credit institution for people from all walks of life. We help save them from being tied-up with financial obligations to the usurious money lenders in our locality. However, apart from opening credit windows, it also extends life, non-life and health insurance coverage for its members.
The coop in partnership with the Department of Agriculture usually conduct hands-on training for the farmers, especially on new production- enhancing technologies aimed to improve their yield and income. Along this line, the coop established techno demo farms in strategic areas of the municipality. It also launched a Housing project in which residential lots are sold at low price. It conceptualized various initiatives for environmental protection and sanitation particularly in support of the local govt. project “Solid Waste Mgt. Program”.
Proof of its noteworthy accomplishments are the awards, recognitions/citations earned for its exemplary services to its members and the community. It garnered the Outstanding Cooperative Award for both agriculture and non-agriculture undertakings. Holy Child MPC was also accorded with an Institutional Excellence Award for its most outstanding in socio-economic enterprise contributing to the sustained development of its community and the Coop Network. Moreover, it recently received a Plaque of Recognition from the Department of Finance through the Cooperative Development Authority for its significant contribution on poverty alleviation and local development under the Coop-LGU partnership.
The Holy Child MPC is presently operated by 18 regular employees and 3,520 regular-associate members with Php 104,159,074.88 total assets.