Financial Assistance For Cooperatives
By Tokz
@ilocosboy (45155)
Philippines
August 10, 2017 9:42pm CST
In our region 4 cooperatives are billionaire coops and 3 of them is in our province, one of this cooperative is based in our city.
Which means many of the cooperatives in our city/province are multi millionaires. And these coops continue to grow with their assets and capital.
The government is in full support of this program, in fact in today's program 6 coops were given financial assistance to them and many more to come.
Photo is mine.
3 people like this
3 responses
@acelawrites (19272)
• Philippines
11 Aug 17
And hope that members would be responsible enough in paying back the amount loaned to them!
1 person likes this
@ilocosboy (45155)
• Philippines
12 Aug 17
that is true, if the members are responsible enough to pay their loan.
@ilocosboy (45155)
• Philippines
11 Aug 17
this is the fact, it also help the community for more livelihood and opportunities for them, not just the lending system but most of all its their way of life through sustainable livelihood program
1 person likes this
@Freelanzer (10782)
• Canada
11 Aug 17
If they are billionaires I wonder why they need government assistance
1 person likes this
@ilocosboy (45155)
• Philippines
11 Aug 17
yeah, I should say the recipients of financial assistance from government are the new and starting cooperatives of our town and the billionaires and multi-millionaire coops.
