Economic contribution of capital build-up programs of cooperatives in the province of ilocos sur
Dr. Laureta Melvin S.*
University of Northern Philippines, Tamag, Vigan City, Ilocos Sur.
*Corresponding Author E-mail: firstname.lastname@example.org
Online published on 11 February, 2021.
This study aimed to determine the economic contribution of capital build-up programs of cooperatives in the province of Ilocos Sur during the calendar year 2018. Specifically, it determined the level of implementation of the capital build-up programs of cooperatives, level of attainment of the economic benefits of capital build-up programs to the cooperative as well as to the members, and the significant influence of the level of implementation of capital build-up programs of cooperatives on the level of attainment of the economic benefits of capital build-up programs to the cooperatives and members. In gathering data, questionnaires were used supplemented with interviews and observations. The respondents comprised of primary cooperatives with ten years and above of operation. The data gathered were treated statistically using mean and multiple linear regression analysis. Conclusions: (1) cooperatives in the province of Ilocos Sur highly implemented capital build-up programs; (2) capital build-up programs of cooperatives had contributed to the improvement of the economic status of the cooperatives and their members; (3) there was a significant influenced of the level of capital build-up programs on the economic benefits of the cooperatives and members along retains, revolving capital, capital share subscription, and deposits. Recommendations: (1) cooperatives should continue realizing and strengthening their capital build-up programs such as mandatory contribution yearly, birthday gift, voluntary contribution quarterly, and popularity contest; (2) maintain the implementation of retains for every approved loan, revolving capital of patronage refund and interest on share capital, capital share subscription every year, and intensify deposits program; (3) cooperatives may look into possible opportunities of expansion and strengthening linkages to government and non-government organization.
Business Administration, Triangulation method, Managers, Stakeholders-Members, Ilocos Sur.