Davao de Oro Governor Empowers Cooperatives with Financial Support
In a significant move to bolster local economic development, Governor Raul "RM" Mabanglo of Davao de Oro extended crucial financial assistance to three small cooperatives during a ceremonial event held on January 26, 2026. The turnover-of-checks ceremony took place at the Capitol Lobby in Nabunturan, marking a pivotal moment for grassroots organizations in the province.
Beneficiaries and Funding Details
Under the provincial government's Micro Credit Assistance Program for Cooperatives, the following cooperatives received much-needed capital injections:
- Pindasan Multipurpose Cooperative: Awarded ₱300,000 to enhance capital for its consumer store operations.
- NCapa Marketing Cooperative: Granted ₱200,000 to support its farm financing project, aimed at boosting agricultural activities.
- Sitio Puto Agriculture Cooperative: Received ₱150,000 to strengthen its copra trading operations, a key sector in the local economy.
These cooperatives are integral to the economic fabric of Davao de Oro, providing essential services and livelihood opportunities to their members.
Impact and Gratitude from Beneficiaries
Representatives from the cooperatives expressed heartfelt gratitude for the provincial government's support. They emphasized that the financial aid is vital for:
- Enhancing their capacity to meet members' needs more effectively.
- Expanding livelihood opportunities within their communities.
- Sustaining operations amidst economic challenges and market fluctuations.
This assistance is seen as a lifeline that enables these organizations to thrive and contribute more robustly to local development.
Governor's Vision for Cooperative Empowerment
Governor Mabanglo highlighted that the Micro Credit Assistance Program is designed to strengthen cooperatives across Davao de Oro and empower their members economically. He stated, "This initiative aims to improve financial stability and enhance the viability and sustainability of cooperative projects, fostering a more resilient local economy." The program aligns with broader efforts to promote financial inclusion and rural development in the province.
Why Financial Aid to Cooperatives Is Crucial
Small cooperatives play a critical role as engines of rural development and financial inclusion. They provide economic opportunities to members who often lack access to formal credit and working capital. Without such support, many cooperatives face significant hurdles, such as:
- Difficulty in financing livelihood activities and business expansions.
- Challenges in recovering from disruptions like natural disasters or market downturns.
- Limited resources to purchase productive equipment or increase agricultural production.
The Cooperative Development Authority (CDA), the government agency tasked with promoting cooperative growth, underscores that financial assistance is essential for cooperatives to augment capital, boost productivity, and integrate into local value chains. This support helps ensure that rural entrepreneurs and producers can overcome common obstacles and achieve sustainable growth.
In summary, the financial aid provided by Governor Mabanglo not only addresses immediate needs but also lays the groundwork for long-term economic resilience and prosperity in Davao de Oro, reinforcing the importance of cooperatives in driving community-based development.
