I .

INTRODUCTION
A. THE BACKGROUND OF THE ORGANIZATION
BAMBANG FARMERS AND LIVESTOCK MARKETING COOPERATIVE
Bambang Farmers and Livestock Marketing Cooperative (BFLMC) was
organized last 2011 with 24 members incorporator under the supervision of
Dullao Fruits and Vegetable Gardeners Association (DFVGA), registered with
Department of Labor and Employment (DOLE) last April 12, 2011. With the
supervision of the association, they granted us 10 heads of cows for dispersal
from the Department of Agriculture thru the help of EX-Congressman Carlos
M. Padilla. The year 2012 they granted us 54 hectares from the Department
of Environmental Natural Resources. (DENR-CENRO) Aritao, Nueva Vizcaya
under the Tree for Legacy Program year 2013, 42 heads of sheep granted by
the Provincial Veterinary Office, with the approval of Ex-Governor Banti
Cuaresma. All this projects made by the association are all existing and as
livelihood for all members.
The month of October 2014 decision were made, that the association
to become cooperative. November 14, 2014, 34 members Attended PreMembership Seminar (PMES) under the Cooperative Development Authority
Nueva Vizcaya, in the person of Sir ARTHUR PALAPOX and speaker of the said
PMES. December 17, 2014 it was registered under the Republic Act (R.A)
9520. And the Bambang Farmers and Livestock Marketing Cooperative is a
launch on February 18, 2015. To date, the Cooperative has 165 members
majority of which are farmers and indigenous people of nearby barangays
and municipalities and having an accumulated assets of more or less Five
Hundred Sixty Two Thousand Three Hundred Eighty Two/97 Philippine Pesos
(PhP 562,382.97) in one year and six months in operation as cooperative.
The Cooperative has been accredited by the Municipal Local Government
Unit (MLGU) of Bambang and partners in Community Development Programs
and other social activities of the Community. As of date, the services of the
cooperative are as follows:
1. Sales of Agri-inputs
2. Sales of Agri-supply
3. Sales of Frozen Foods
4. Micro-Financing
TRICORD MULTI-PURPOSE COOPERATIVE
In 1989, about twenty six (26) mostly church members from the
Municipalities of Sta. Fe, Aritao, and Kayapa organized the TRICORD-MPC. It
started with an initial capital of 14,000.00 gathered from their contributions.
On November 12, 1990, it was registered at the Cooperative Development
Authority (CDA) Quezon City, Metro Manila, Philippines as primary Agricultural
Multi-purpose cooperative with authorized capital stocks of four million pesos.
In later years, TRICORD MPC operates in the Provinces of Nueva Vizcaya,
Nueva Ecija and Pangasinan, covering twenty-five (25) Barangay/ Villages in
eight (8) municipalities. Until now, it is continuously expanding to different
places.

The Cooperative is primarily involved in lending operations and it

benefits farmers, small traders, employees from government and nongovernment organizations and church people where their capital from their
livelihood initiates is provided.
ST. CATHERINES PARISH MULTI-PURPOSE COOPERATIVE
The St. Catherines Parish Multi-Purpose Cooperative is a realization
born of two decades long experience and collective efforts of men and
women who walked hand in hand around in a dream of attaining fullness of
life and sharing it with less fortunate others.
It was conceived on June 19, 1988 when Rev. Fr. Gerry Bouckaert, CICM, in
his homily at Barangay San Antonio, Bambang Nueva Vizcaya, called for the
faithful to form a potent vehicle for socio economic recuperation. On August
8, 1988, seven catechist and a dozen of farmers joined and pooled their
resources together to form a cooperative with an initial capitalization of Six
Thousand Pesos (P 6,000), which they immediately registered with the
Bureau of Cooperative Development of Department of Agriculture as a
CREDIT COOPERATIVE. Its registration was subsequently confirmed by the
Cooperative Development Authority on January 8,1989 with Registry No.
CON-0099.
On the 5th year of its operation, the Cooperative was awarded Most
Outstanding Cooperative at municipal level and in 1995 at regional level,
aside from being a nominee for this same award in National Level. On
October 1995 the Cooperatives dream to own a building for its operation,
through the joint efforts of its founding Chairman, Mr. Emilio Dumale, first
manager, Mr. Francisco Castillo, and a Parish priest, Rev. Father Guilbert Van
Huisseling.
The three services were improved and more products , programs and
services. On Dec. 21, 2009, the Cooperatives new three-storey building
located at Rizal Boulevard,Brgy Banggot, Bambang, Nueva Vizcaya was
inaugurated. It was built through the good leadership of the Board of
Directors under its preceding and incumbent chairman Mr. Eduardo R. Valido
and Mr. Mariano N. Benitez; Ms. Virginia M. Valdez, the General Manager; The
management staff and the whole membership as well, who willingly offered
portions of their dividends and patronage refund for the realization of this
another dream.
By year end of 2014, the asset rose up to a P132 M; with a present
member of 4,500 likewise, the Saint Catherines Parish Multi-Purpose
Cooperative started reaching out province- wide and envisions of becoming a
one-stop-shop in Nueva Vizcaya.
B. Place of Study

Bambang is a first class municipality in the province of Nueva Vizcaya,

Philippines. According to the 2010 census, it had a population of 47,657
people. The municipality is known for its salt springs at the Salinas Natural
Monument.

Bambang has its beginning in the early period of Spanish colonization. The name
"Bambang" is an Isinay word meaning "to dig".
The first mission that dared to penetrate the dangerous wilderness and insect-infested
jungles of what is southern Nueva Vizcaya today was by the Dominican Order in 1607.
However, it was only two years later (1609) when a Dominican missionary come from
Pangasinan. Father Tomas Gutierez arrived to establish the first missionary settlement. This
settlement was subsequently called Ytuy which today actually comprises the towns of Aritao,
Dupax, Bambang and a part of the Igorot tribal lands to the west (now Kayapa). Originally these
places were inhabited by the Igorot and Panuypuyes (Aritao), the Ilongots (Dupax and Bambang)
and the lgorot in the area west from the present native population of Dupax, Aritao, and
Bambang came about by the inter-marriages of the tribes mentioned above.
Recent developmnt and progress

In 2012, Bambang became open to big dealers and businessmen as part of its progress.
Now the town has its own newly opened fast food chains and other marketing establishments.
Bambang is politically subdivided into 25 barangays.

Abian

Abinganan

Aliaga

Almaguer North

Almaguer South

Banggot (Urban)

Barat

Buag (Urban)

Calaocan (Urban)

Dullao

Homestead (Urban)

Indiana

Mabuslo

Macate

Manamtam

Mauan

Salinas

San Antonio North

San Antonio South

San Fernando

San Leonardo

Santo Domingo (Tabangan)

Pallas

Magsaysay Hill (Urban)

C. TIME OF STUDY
On November 18,2016 at 9 oclock in the morning we went straight to
Bambang to conduct an interview in different Cooperatives that can help us
to complete our requirements.
D. OBJECTIVES
A. To
B. ,,,
1- TRICORD MPC
2- STO. DOMINGO IRRIGATORS COOPERATIVE

3- RAYMARS DEVELOPMENT COOPERATIVE

4- FARMERS EMPLOYEES & ENTREPRENEURS COOPERATIVE
5- BAMBANG GRAINS, FRUITS &VEGETABLES GROWER MPC
6- MAUAN SN MPC
7- NUEVA VIZCAYA RISING SON MPC
8- GREENERS MPC
9- ST. CTHERINE PARISH MPC
10-NUEVA VIZCAYA LIVESTOCK MARKETING COOPERATIVE
11-BAMBANG FARMERS & LIVESTOCK MARKETING COOPERATIVE
QUESTIONS

What credit services do you

cooperative offer?
Mortgage
Auto loans
Educational Loans
Personal Loans
Business Loans
Cash Advancement(credit card)
Others
What are the most important factors
that your cooperative consider in
qualifying credit applicants in availing
your services offered?
Age
Civil Status
Residency
Net Income
Nature of Work
Others
For Employed Entrepreneur:
What documents do you require in
approving/ accepting loan application
How do your cooperative conduct a
credit investigation prior in approving
credit application?

Personal Interview
Loan Application
Credit Bureus
Reports Obtained through
friends rival
Income Tax Statement

1
0

1
1

 Personal Visit
Others
What benefits could the creditor avail
once you approved his/her credit
application excluding to the type of
credit he/she applied
How does your cooperative collect
debts to creditors
Deduction in Paycheck
Online Payment
Pickup Payment
Pay in office
Others
If creditor is unable to pay his/her
obligation, what action do you
implement
Penalty charge/Additional
Interest
Send a Default Notice
Sue the Creditor
Others
What are your strategies for effective
collection of debts
I.

RESULTS AND DISCUSSION

III. RECOMMENDATION
A. FOR THE GOVERNMENT
B. FOR THE PARTICULAR INDUSTRY
IV. ATTACHMENTS
1. Letters and Questionnaires

Republic of the Philippines

NUEVA VIZCAYA STATE UNIVERSITY
College of Business and Economics

Bayombong, Nueva Vizcaya

_____________________________________________________________________
November 18, 2016
______________________
______________________
Sir/Madam,
Greetings of peace and prosperity!
We are 4th year BS Business Administration - Financial Management students of the Nueva
Vizcaya State University. Part of the requirement of our subject Credit and collection (FM6) is
the establishment of baseline data on various credit facilities available in the province of Nueva
Vizcaya. Anent to this may we be allowed to gather information from your office to help us in
our research project. Rest assured that all data will be dealt with utmost confidentiality and will
be use solely for classroom discussion.
Anticipating for your kind consideration on this request.
Thank you very much and more power.
Very respectfully yours,
KRYSTAL ACOSTA
LEA AMBULARIO
MARIA ISABELA BUZA
ABEGAIL DOMINGUEZ
CBE NVSU Students/Researchers
Noted:
JOSUE A. CHUA
Subject Teacher
What credit services do you cooperative offer?

Mortgage

Auto loans


Educational Loans

Personal Loans

Business Loans

Cash Advancement(credit card)

Others
What are the most important factors that your cooperative consider in
qualifying credit applicants in availing your services offered?

Age

Civil Status

Residency

Net Income

Nature of Work

Others
For Employed Entrepreneur:
What documents do you require in approving/ accepting loan application
How do your cooperative conduct a credit investigation prior in approving
credit application?

Personal Interview

Loan Application

Credit Bureus

Reports Obtained through friends rival

Income Tax Statement

Personal Visit

Others
What benefits could the creditor avail once you approved his/her credit
application excluding to the type of credit he/she applied?
How does your cooperative collect debts to creditors?

Deduction in Paycheck

Online Payment

Pickup Payment

Pay in office

Others
If creditor is unable to pay his/her obligation, what action do you implement

Penalty charge/Additional Interest?

Send a Default Notice

Sue the Creditor

Others
What are your strategies for effective collection of debts?