BUGASONG MULTI PURPOSE COOPERATIVE

 www.bugasongmpc.n.nu

VISION
Cooperative Excellence, Responsible Members

MISSION
To provide quality, relevant, innovative services with integrity and to inculcate cooperative values, accountability, and social responsibility among members.





GOALS

1. To provide productive and providential loans.
2. To achieve a remarkable growth rate in all aspects of operation.
3. To provide and enhance human resource development.
4. To achieve and comply with international and government standard on FI.

Bugasong Multi-Purpose Cooperative is a non-profit organization anchored on coop values of: SELP-HELP, SELF-RESPONSIBILITY, DEMOCRACY, EQUITY and SOLIDARITY, belief on ethical values of HONESTY, OPENNESS, SOCIAL RESPONSIBILITY and CARING for OTHERS.
Its operating principles are grounded on:

• Open and voluntary membership without racial, religious or political discrimination
• Democratic member control, one-man-one-vote
• Member economic participation – members contribute equitably to coop capital, received dividend and patronage refund
• Autonomous and independent self-help organization controlled by members
• Education, trainings, and information – members, officers, management staff are trained for effectiveness and efficiency and the public are informed about the nature and benefit of cooperation
• Cooperation among coops – linkage with provincial, regional, national and international structures
• Concern for community development

HISTORY:

The Advent of Cooperativism in the Province of Antique in the 1960’s was the result of the recommendation by the Clergy who took it among themselves to find ways and means to alleviate the socio-economic conditions of their parishioners. The Mill Hill Missionaries headed by then Bishop Cornelio de Witt led the movement in Antique. For Bugasong, local parish priest John Sweere and then Mayor Cornelio Odi invited a group of professionals and concerned citizens to organize the Bugasong Credit Union in response to the need for a vehicle for savings generation and access to inexpensive credit facilities. On December 12, 1964, Twenty-five (25) member-incorporators raised Php255.00 as initial capitalization and formally started operations.
On May 20, 1965 Bugasong Credit Union, Inc. officially registered with the Cooperative Administration Office, Department of Commerce and Industry and later registered under PD 175 during Martial Law – re-registered with the Bureau of Cooperative Development, DLGCD on October 15, 1973 – operated as full pledged Cooperative on October 31, 1976 – such registration confirmed by CDA on April 10, 1991 and registered as Bugasong Multi-Purpose Cooperative on September 3, 1992.
On April 2, 2001 Bugasong MPC expanded its area of operation covering the whole province of Antique and later in the entire Western Visayas with satellite offices in San Jose, Antique and Tigbauan, Iloilo.
As a Multi-Purpose Cooperative, it is currently serving its membership not only their diversified credit needs but also Cable TV / Internet under partnership with Barbaza Multi-Purpose Cooperative, Money Transfer, ATM Withdrawals, Seaoil Gas Station and CoopNet.
Bugasong Multi-Purpose Cooperative is affiliated with COOP NATCCO Network Party, PCF, CLIMBS, CISP, AFCCUI and VICTO-National for Trainings and Financial Assistance. As of December 31, 2012 membership soared to 7,870 with paid up share of Php69,560,610.00 and total asset of Php201,941,378.14. Over all administration and supervision is controlled by the 11 members of the Board of Directors back-up by different standing committees and the day-to-day management manned by 29 full time staff.