Characterization of Primary Cooperatives in Tabuk City, Kalinga

Abstract

The case study was conducted to determine the characteristics of Primary cooperatives in Tabuk City, Kalinga. Thirty four cooperatives were the respondents and were classified into credit and service, producer, multi-purpose agriculture and multi-purpose non-agriculture. Majority of cooperatives were operating in the city and existed for one to ten years. Majority of the cooperatives were offering credit to their members and in terms of social services majority were offering mortuary services. Delinquent borrowers were the most prevailing problems of the cooperatives. Agricultural cooperative has the highest number of members. In terms of financial and allocation to net surplus, non-agricultural cooperatives have the highest average rate increase. From the results, it was recommended that cooperative should have a strict policy in lending in order to get rid of bankruptcy. Furthermore, it is also recommended that these cooperatives should promptly submit requirements on time and they should conduct frequent seminars that would be useful to educate their members not only the officers itself. In addition, the Cooperative development Authority should strictly monitor the performances of the different cooperatives.