Thursday, 29 August 2013

Padilla’s membership seen to boost new Mambulao co-op’s image

Padilla ... his membership could 
boost the co-op's image

MAMBULAO Mayor Ricarte “Dong” Padilla has joined an upcoming cooperative group called Mambulao Multi-Purpose Cooperative (MMPC).

Padilla’s membership is hoped to boost the image of MMPC, according to some overseas Mambulaons, who are also intending to join the newly-formed group.

The mayor’s gesture to be a part of the cooperative movement in Mambulao is seen as part of his effort to push a livelihood undertaking aimed at spreading its economic benefits to the members of the Mambulao community.

MMPC was formed mainly to provide an investment venue for Mambulaoan overseas workers for the future of their families and also to provide some jobs to marginalized locals.

So far, only seven overseas Mambulaoans have registered with MMPC by paying their membership dues and their incorporators’ shares.

Locally, there are 45 registered members.

The group is planning to venture into trading and tourism-related projects once it is registered with the Cooperative Development Authority (CDA).

MMPC is the first to be formed in about a decade by a group of Mambulaoans, both locally- based and those working overseas.

The co-op idea was hatched by a group of overseas workers who belonged to a Facebook group called “Mambulao’s On A Roll” headed by Jessie Obrero Lumapag, who is based in the Middle East.

The last known co-op was formed by a alumni of the Jose Panganiban High School belonging to Batch ’66, with a number of the members based overseas.

This co-op, which was engaged in a lucrative fuel and lubricant business, folded up after a time due to bad management and misuse of funds, according to a former member.

“Our co-op paid good dividends until one day, we just learned it was already bankrupt,” said the member who declined to be named.

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