THE Mambulao consumer cooperative has stabilized its operations since its launched on Feb 8, with daily sales averaging more than P2,000 a day.
New co-op Mambulao Multi-Purpose Cooperative is engaged in consumer goods business ranging from basic food items such as rice, and frozen foods to dry goods.
It is also selling livestock and poultry feeds.
The co-op’s daily operation is overseen by two paid staff and it is looking to hire a bookkeeper, according to co-op treasurer Elsie Dimaunahan.
During its first two months of operations, it spent P22,000 on overhead expenses (electricity, rent and wages).
So far, the co-op had purchased store goods worth P341,223.
MMPC, which was formed by a group of overseas workers and residents aimed to serve the needs of consumers and to create jobs.
Apart from grocery business, MMPC will also venture into livelihood projectgs in partnership with the Mambulao local government.
Already, the MMPC-LGU tie-up has seen the setting up of a fish cage project (tilapia) in Larap and pineapple farm in San Jose.