CLARK FREEPORT ZONE, Pampanga, Aug. 23 (PIA) -- Cooperative Development Authority (CDA) recognized anew the outstanding cooperatives in Central Luzon.
"The Gawad Parangal seeks to recognize primary cooperatives for their exemplary performance, best practices, and good governance. Our winners will be our official entries in the national competition," CDA Regional Director Marieta Hwang said.
CDA Deputy Executive Director Giovanni Platero led the conferment of recognition to the regional winners and nominees in a ceremony held in Clark Freeport Zone.
Baquero Sur Farmers Agriculture Cooperative from Tarlac and St. Isidore Credit Cooperative from Nueva Ecija were named as Most Outstanding Cooperative for Micro Scale Category. CDA defines micro as those cooperatives with assets within PhP3 million and below.
Moreover, Maunlad La Paz Multipurpose Cooperative from Tarlac bagged the Most Outstanding Cooperative for Small Scale category prize. Qualified in this category are those cooperatives with assets within Php3,000,001 to 15 million.
And lastly, Bagong Barrio Multipurpose Cooperative from Bulacan and Watchlife Workers Multipurpose Cooperative from Bataan were co-victors in the Most Outstanding Cooperative for Large Scale-Millionaire category. CDA considers cooperatives as Large Scale-Millionaire if assets are within Php100,000,001 to 999,999,999.
Bagong Barrio Multipurpose Cooperative from Bulacan grabs the Most Outstanding Cooperative for Large Scale-Millionaire category in the 2019 Regional Gawad Parangal of Cooperative Development Authority. (Carmela Jane F. Villar/PIA 3)
Winners were selected by a panel composed of representatives from CDA, ASKI Employees Credit Cooperative, Central Luzon State University, Department of Agrarian Reform, Department of Agriculture, Department of the Interior and Local Government, Department of Trade and Industry, and Don Honorio Ventura State University.
"Entries in the micro cooperatives category were evaluated based on Organization, Leadership and Management- 40 points; Financial Management and Business Operation-30 points; Social Relevance- 25 points; Awards and Recognition-5 points," CDA Assistant Regional Director Mildred Esguerra explained.
Nominees in the small, medium and large categories, on the other hand, were rated on Organization, Leadership and Management- 35 points; Financial Management and Business Operation-25 points; Social Relevance- 35 points; Awards and Recognition-5 points. (CLJD-PIA 3)