Abstract:
The study was conducted to compare the performances of the micro cooperatives in Mankayan, Benguet in terms of profitability performances, institutional strengths, structure of assets and operational strengths; and to determine the problems and concerns encountered by the micro cooperatives.
The cooperatives have low profitability performance because the cooperatives has low earning per share that affects the profitability growth rate of the cooperative. The cooperatives institutional strength has the lowest performance because the cooperative do not have reserves and low level of net institutional capital after subtracting the allowance for probable losses. The cooperatives structure of assets has the highest level of performance because the cooperatives their non-earning assets are lower than their total assets and have no external borrowings from government and non-government institutions such as banks and other institutions. Lastly, the cooperatives operational strength or staying power because the cooperatives have the capacity of assets to generate business, and have the ability to protect member's savings and share capital in the event of liquidation of assets and liabilities.
The problems the cooperatives encountered most are the lack of loyalty and patronage of members to coop services, non-involvement of members in the committee work, lack of working knowledge and training cooperation of officers, inadequate funds of operation on the capitalization, officers lack technical know-how on accounting procedures and absence of donation or grants. The cooperative needed most are credit and collection management, project proposal preparation, bookkeeping and accounting, cooperative operation and management, computerization of operation, subsidies, grants and loans, and sources of funds for expansions.
