The Most Successful Cooperative in the Philippines, Ranked

Voting rules: Choose the cooperative you think is the most successful!

Updated on Apr 27, 2024 06:58

In the bustling markets and through the intricate networks of local trade within the Philippines, cooperatives play a crucial role in strengthening community bonds and boosting local economies. These unique entities collaborate on financial, agricultural, and various developmental projects, making their evaluation important not only for recognizing their efforts but also for identifying successful strategies that can be replicated elsewhere. This continuously updated ranking captures the pulse of community and economic development fostered by these cooperatives. By casting your vote, you contribute to a broader understanding of which cooperatives are excelling, helping guide future initiatives and investments. It's more than just a vote; it's a chance to shape the landscape of cooperative success across the nation.

What Is the Most Successful Cooperative in the Philippines?

1

54
votes
Cooperative Bank of Misamis Oriental

This cooperative is one of the largest and most successful in the Philippines, with a wide range of financial services and products for its members. It has been recognized for its strong financial performance and commitment to social responsibility.
The Cooperative Bank of Misamis Oriental is a cooperative bank based in Misamis Oriental, Philippines. It was established as a cooperative financial institution to provide banking services and financial assistance to its member cooperatives and individual members. The bank operates under the cooperative principles of self-help, self-responsibility, democracy, equality, equity, and solidarity.

Year of Establishment: 1979

Type of Cooperative: Cooperative Bank

Headquarters: Cagayan de Oro City, Misamis Oriental, Philippines

Membership: Open to cooperatives and individuals

Services: Savings accounts, loans, remittance, checking accounts, time deposits, etc.
2

28
votes
First Community Cooperative

This cooperative is the largest in the Philippines in terms of membership, with over 1.2 million members. It provides a range of financial and non-financial services to its members, including microfinance, insurance, and health care.
The First Community Cooperative is one of the most successful cooperatives in the Philippines. It was established in 1977 with the aim of providing financial services and support to its members. Over the years, it has grown to become a significant player in the cooperative sector, catering to various sectors of the economy.

Membership: Open to individuals, institutions, and organizations

Number of Members: Over 100,000 members

Branches: 200+ branches nationwide

Products and Services: Savings and deposit accounts, loans, insurance, remittance services

Community Development Initiatives: Livelihood programs, scholarships, disaster response
3

26
votes
Paglaum Multi-Purpose Cooperative

This cooperative is based in Cebu and is one of the most successful in the country, with a focus on microfinance and community development. It has been recognized for its innovative programs and strong social impact.
Paglaum Multi-Purpose Cooperative is one of the most successful cooperatives in the Philippines. It was established with the goal of providing financial services and livelihood programs to its members, primarily low-income individuals and marginalized communities. The cooperative operates in various sectors including credit, savings, microinsurance, and social entrepreneurship.

Location: Philippines

Year of Establishment: 1987

Membership: Open to low-income individuals and marginalized communities

Services: Credit, savings, microinsurance, social entrepreneurship

Number of Members: Over 100,000
4

24
votes
Negros Women for Tomorrow Foundation

Dr. Benigno P. Jalandoni III

This cooperative is focused on providing microfinance services to women in the Philippines, helping them to start and grow small businesses. It has been recognized for its positive impact on the lives of its members and their communities.
The Negros Women for Tomorrow Foundation (NWTF) is one of the most successful cooperatives in the Philippines. It is a microfinance institution that aims to provide financial assistance and support to help alleviate poverty in the Negros Island Region.

Year Established: 1984

Location: Bacolod City, Negros Occidental, Philippines

Mission: To empower Filipinos, especially women, by providing access to financial services, training, and development opportunities.

Services: Microfinance, business loans, education loans, health loans, insurance, and livelihood development programs.

Client Reach: Over 600,000 clients served
5

15
votes
Saravia Multi-Purpose Cooperative

This cooperative is based in Negros Occidental and provides a range of financial and non-financial services to its members. It has been recognized for its strong commitment to social responsibility and community development.
Saravia Multi-Purpose Cooperative is a highly successful cooperative based in the Philippines. It was established to empower and uplift the lives of its local community members through various economic and social development initiatives. With its commitment to providing excellent services and creating sustainable opportunities, the cooperative has become a model for cooperative success in the country.

Year Founded: 1986

Type of Cooperative: Multi-Purpose Cooperative

Membership Size: Over 2,000 members

Fields of Operation: Livestock, Agriculture, Credit Services, Consumer Goods

Financial Stability: Consistently profitable with sound financial management
6

6
votes
Kasagana-Ka Development Center, Inc.

This cooperative is focused on providing microfinance services to small-scale entrepreneurs in the Philippines, particularly women. It has been recognized for its innovative programs and strong social impact.
Kasagana-Ka Development Center, Inc. is a highly successful cooperative based in the Philippines. It provides various financial services and promotes holistic development for its members, primarily farmers and micro-entrepreneurs. The cooperative aims to uplift the socioeconomic status of its members and empower them to achieve sustainable livelihoods.

Year of Establishment: 1993

Membership Size: Over 100,000 members

Type of Cooperative: Financial Services Cooperative

Areas of Operation: Nationwide

Range of Financial Services: Savings, Loans, Insurance, Investments
7

14
votes
San Isidro Labrador Parish Multi-Purpose Cooperative

This cooperative is based in Batangas and provides a range of financial and non-financial services to its members. It has been recognized for its strong commitment to social responsibility and community development.
San Isidro Labrador Parish Multi-Purpose Cooperative is a highly successful cooperative in the Philippines. It was established with the aim of improving the economic livelihood of its members, who are primarily from the San Isidro Labrador Parish community. The cooperative provides a wide range of financial services and products, promoting inclusive growth and sustainable development.

Location: Philippines

Type: Multi-Purpose Cooperative

Established: Year

Membership: Open to San Isidro Labrador Parish community members

Services: Financial services and products
8

8
votes
National Confederation of Cooperatives

This cooperative is a national organization that represents the interests of cooperatives in the Philippines. It provides a range of services and support to its members, including advocacy, training, and networking opportunities.
The National Confederation of Cooperatives (NATCCO) is the largest confederation of cooperatives in the Philippines. It was established with the primary goal of promoting the growth and development of cooperatives in the country. NATCCO serves as a unified voice for cooperatives and provides various services and support to its members.

Established: 1977

Membership: Over 800 primary cooperatives and federations

Geographical Coverage: Nationwide

Number of Members: Millions of individual members

Services: Advocacy, training and education, financial services, product development, consultancy, networking
9

4
votes
Maasinhon Rural Bank

This cooperative is based in Maasin, Leyte and provides a range of financial services to its members. It has been recognized for its strong financial performance and commitment to social responsibility.
Maasinhon Rural Bank is one of the most successful cooperatives in the Philippines. It is a rural bank primarily focused on catering to the financial needs of the residents of Maasin, Southern Leyte.

Year Established: 1964

Headquarters: Maasin City, Southern Leyte, Philippines

Services Provided: Deposit accounts, loans, remittances, and other financial services

Membership: Open to residents and businesses in Maasin City and surrounding areas

Number of Branches: 20 branches across different municipalities in Southern Leyte
10

5
votes
National Federation of Cooperatives

Philippine government

This cooperative is a national organization that represents the interests of cooperatives in the Philippines. It provides a range of services and support to its members, including advocacy, training, and networking opportunities.
The National Federation of Cooperatives (NATCCO) is the largest federation of cooperatives in the Philippines. It was established to promote and support the development of cooperatives in the country.

Year Established: 1977

Type: National cooperative federation

Membership: Over 800 cooperatives

Area of Operation: Nationwide

Sector Focus: Various sectors including agriculture, finance, consumers, and services

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Discussion

Ranking factors for successful cooperative

Years of operation

Cooperatives that have been operating for a longer period of time show a history of stability and success.
Membership size

The size of the cooperative's membership is an important factor as larger cooperatives have more resources and are likely to be more successful.
Financial stability

The cooperative's ability to manage its finances and generate profits is a significant consideration. Financial stability can be gauged through factors such as the cooperative's revenue, profitability, liquidity ratios, and ability to pay dividends to members.
Range of services

A cooperative that offers a broad range of services that cater to the needs of its members is likely to be more successful than those that specialize in a limited set of services.
Social impact

The cooperative's contribution to the community and its members' well-being are also important factors to consider. For example, providing training and education programs, access to affordable credit, and other social services can enhance a cooperative's impact and success.
Awards and recognition

Cooperatives that have received recognition from various organizations, accolades, and certifications also show signs of excellence and success in their field.

About this ranking

This is a community-based ranking of the most successful cooperative in the Philippines. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or cooperative is missing, feel free to help improve the ranking!

Statistics

1998 views
182 votes
10 ranked items

Voting Rules

A participant may cast an up or down vote for each cooperative once every 24 hours. The rank of each cooperative is then calculated from the weighted sum of all up and down votes.

More information on most successful cooperative in the philippines

The Philippines has a rich history of cooperatives, which are organizations owned and operated by their members for their mutual benefit. Co-ops in the Philippines have been instrumental in providing financial services, promoting sustainable agriculture, and empowering marginalized communities. In fact, the country has one of the highest numbers of cooperatives in the world, with over 25,000 registered co-ops as of 2021. While there are many successful cooperatives in the Philippines, one that stands out is the First Community Cooperative (FICCO), which has over 1 million members and assets worth billions of pesos. FICCO has been recognized for its innovative programs in microfinance, education, and health care, and is a model for cooperative development not just in the Philippines, but also in the ASEAN region.