New co-op formed in Mambulao

The proposed MMPC logos … co-op members are still deciding which one to use. The artwork was done by RIXEL VILLE/MIOAR

By ALFREDO P HERNANDEZ
  

A NEW cooperative has been formed in Mambulao, CamNorte, to help spur economic activities and create jobs in the second-class community.

Called Mambulao Multi-Purpose Cooperative (MMPC), the group involves Mambulaoans residing in town and those who are overseas and elsewhere in the country.

They are members of a Facebook group called Mambulao Is On A Roll (MIOAR).

MMPC will be operated by the following directors and officers who were elected recently: chairman -Arthur Canlas; vice-chairman - Mary Ann Cano Manalo; members - Carlos R. TaboadaJerrime Bam AlpaparaLuz C Indionela, Ruben B. EspanaVirginia F Malagueno; secretary - Cezar Brondia; treasurers - Elsie Dimaunahan, Ida Schneider

MMPC will soon register with the Bureau of Cooperative Development (BOD) and is about to set up an account with the Jose Panganiban Rural Bank in Mambulao.

So far, the co-op has yet to determine what business to operate.

MMPC is inviting individuals to join and support its future economic activities aimed at creating jobs for the less-privileged people in Mambulao.

There are at least 30 members both local and overseas who have already sent in their shares while close to 100 others who are members of MIOAR said they wanted to join.

The overseas member-incorporators are required to acquire a minimum of one share worth P5,000. The cost of one share for local member-incorporators is P500.

The co-op was being spearheaded by Jessie Obrero Lumapag, who is based in the Middle East and Elsie Dimaunahan, one of the co-op’s advisers and facilitators.

MMPC has drawn the support of Mayor Ricarte Padilla and the newly-elected members of the Sangguniang Bayan.

About a decade ago, a co-op was formed by the members of an alumni batch from the Jose Panganiban (National) High School but folded up eventually.

Inflexible business decisions made by the board of directors during that time led to the uncontrolled business decline.

 

It was engaged in a lucrative business of supplying fuels and lubricants.

For feedback, email: ahernandez@thenational.com.pg and alfredophernandez@y7mail.com