History
Mabuting Pastol Multi-Purpose Cooperative (MPMC) was established in 1998 in Quezon City, Philippines, through the "Impukan" livelihood project. Inspired by scavengers in Barangay Payatas, the project provided sustainable livelihood opportunities and learned from the resilience and resourcefulness of marginalized communities..
A group of faithful mothers from the Mabuting Pastol Parish pooled their resources, raising over 25,000 pesos to establish the cooperative. The cooperative was officially founded by 25 founding cooperators, who shared a common vision of uplifting families' lives and creating economic growth based on cooperative principles.
The cooperative has continued to empower its members through education and capacity-building programs, enabling them to achieve sustainable livelihoods and financial security. As an active participant in the global cooperative movement, MPMC addresses economic, political, and educational needs, fostering shared responsibility and mutual progress.
Through ongoing research and developing Filipino values, the cooperative strengthens its structure and collaboration with other cooperatives. Despite its humble beginnings, MPMC remains a beacon of hope, empowering individuals and communities through the spirit of cooperativism.
Departments
The Mabuting Pastol Multi-Purpose Cooperative (MPMPC) aims for economic growth, sustainability, and community support through various services and programs. Over time, it has developed multiple departments to efficiently manage operations and serve the community.
- Administration Department
The Administration Department at MPMPC manages daily operations, member coordination, and regulatory compliance, ensuring smooth communication and maintaining records, policies, and cooperative governance.
- Finance Department
The Finance Department, established to manage accounting, budgeting, and financial planning, plays a crucial role in securing cooperative funds, managing loans, and ensuring transparency in financial transactions.
- Membership and Development Department
The Membership and Development Department was established to recruit, engage, and foster cooperative values, conduct training sessions, and ensure active member participation.
- Savings, Loan and Credit Department
The Loan and Credit Department, initially offering small loans, has expanded to include business, personal, and emergency loans, ensuring financial stability for members and their families.
- Audit and Compliance
Audit and Compliance, under RA 9520, ensures accountability, adherence to cooperative principles, and government regulations by conducting internal audits and providing process improvement recommendations.
- Marketing and Business Development
The Marketing and Business Development program, part of Social Development, aims to improve the sustainability of the cooperative by identifying business opportunities and fostering partnerships.
- Education and Training
The Education and Training Department is dedicated to enhancing cooperative benefits by providing members with financial literacy, cooperative governance training, and skill development programs.
- Operations and Logistics
The Operations and Logistics Department, part of the Admin, manages procurement, inventory, and distribution, ensuring efficient resource allocation and smooth operational flow across various services.
- Community and Social Engagement
The Community and Social Engagement initiative aims to enhance the community through outreach programs, disaster relief efforts, and social initiatives beyond financial services.
Benefits
Mabuting Pastol Multi-Purpose Cooperative (MPMC) provides various benefits to its members, promoting financial security, growth, and community engagement. These benefits include:
- Financial Services
MPMC offers diverse loan products tailored to members' needs, including: Multi-Purpose Loan, Entrepreneurship Loan, Emergency Loan, Pension Loan, Appliance Loan, Bigasan Loan, Travel Loan, Housing Loan
- Savings Programs
Members have access to savings plans that encourage regular saving habits and financial stability. Special savings accounts may be available with competitive interest rates.
- Investment Programs with High-Yield Interest Rates
- Time Deposit Programs: Offers higher interest rates for long-term savings.
- Dividend Earnings: Members can earn dividends based on the cooperative’s profits, ensuring shared financial growth.
- Share Capital Growth: The more a member invests, the greater their potential returns.
- Community Engagement & Support
Being part of MPMC fosters a sense of community and support among members. Cooperative-sponsored programs may assist with hardships.
- Educational Opportunities
MPMC offers training and seminars focused on financial literacy, business development, and investment strategies to help members maximize their financial growth.
For more details on eligibility, interest rates, and application procedures, members can contact MPMC directly through their official Facebook page or office.
Loans
Mabuting Pastol Multi-Purpose Cooperative (MPMC) offers a diverse range of loan products tailored to meet the various financial needs of its members. These include:
- Multi-Purpose loans
Designed for general financial needs such as education, home improvement, or personal expenses.
- Entrepreneurship Loan
Supports associate members in starting or expanding their businesses, providing capital to enhance operations.
Emergency Loan: Offers quick financial assistance during unforeseen events or urgent situations.
- Pension Loan
Caters to pensioners requiring immediate funds, allowing them to leverage their future pension benefits.
- Appliance Loan
Assists members in purchasing household appliances or gadgets through manageable installment plans.
- Bigasan Loan
Provides financing for purchasing rice in bulk, supporting both personal consumption and small-scale retail ventures.
- Travel Loan
Facilitates funding for personal or family travel, making vacation plans more attainable.
- Housing Loan
Provides financial support for home construction, renovation, or acquisition.
Member Policies
- Membership Eligibility
✔ Open to individuals who align with the cooperative’s mission and core values.
✔ Submission of a duly accomplished membership application form with required documents.
✔ Payment of the membership fee and initial share capital contribution upon approval.
- Rights and Responsibilities of Members
✔ Rights:
- Actively participate in the General Assembly and cooperative decision-making processes.
- Access financial services, including loans, savings, and investment programs.
- Receive dividends and patronage refunds based on participation and contribution.
✔ Responsibilities
- Comply with the cooperative’s by-laws, policies, and regulations.
- Attend trainings, seminars, and meetings to stay informed and engaged.
- Contribute to the cooperative’s growth, sustainability, and responsible governance.
- Membership Termination and Suspension
⚠ A member may be suspended or expelled for:
- Non-compliance with cooperative policies or engagement in unethical activities.
- Failure to meet financial obligations, including share capital requirements.
- Actions that undermine the cooperative’s mission, reputation, or stability.
