General Information
Name of Cooperative : Narra Multipurpose Cooperative, Inc.
Acronym : NMC
Type of Cooperative : Multipurpose
Category of Cooperative : Primary
Main Address : Brgy. Narra, San Manuel, Pangasinan, Philippines
ZIP : 2438
Website : narracoop.org
Contact Person : VAdm. Virgilio Q. Marcelo, AFP (Ret.)
Chairman and Chief Executive Officer
Registration : Cooperative Development Authority
Registration No.DAG 4253 dated 28 June 2000.
History
In view of hardship in life, many barangaymates, mostly farmers, were often coming to the house of Retired Vice Admiral Virgilio Q. Marcelo to ask for help. But no matter how much is given to them, the situation was recurring and did not actually solve their problems. With this, Admiral Marcelo with some community leaders established the Narra Multipurpose Cooperative to serve as a vehicle to uplift the socio-economic condition of the indigents and marginalized families, not only in his home barangay but to the neighboring communities as well.
Narra Multi Purpose Cooperative, Inc., named after the Barangay Narra where it was organized, was registered with the Cooperative Development Authority (CDA) on June 28, 2000. Fifteen initial cooperators contributed to put up the starting capital. At first, the cooperative engaged in the supply of fertilizer and other farm inputs to its farmer members through a production loan facility at low interest rate. Palay (rice) trading followed to help market the produce of its members at reasonable price.
In January 2005, with its desire to provide employment to the many jobless indigents in the barangay and neighboring communities, the Cooperative negotiated and acquired a service contract from the San Roque Power Corporation (SRPC) for general ground and facility maintenance and later for some civil and infrastructure works. The Cooperative was awarded to be one of SRPC’s official subcontractors on various services. This marked the rapid growth and expansion of the Cooperative. Income generated from the service contract was revolved to generate more funds and provide more services to members and to non-members. The cooperative established income-generating centers such as the Agribusiness Trading, General Maintenance and Manpower Services Group, Vehicle Rentals, Organic Fertilizer Plant and Seedling Bank. From the initial fifteen (15) members who pooled PhP15,000.00 starting paid up capital, the cooperative has now grown to 230 members and with a total asset of about PhP15 Million as of January 2009.
The Narra Coop was recognized for its outstanding record and it was acclaimed as the newest millionaire cooperative during the Regional Cooperative Month held on October 24, 2007 in San Fernando City, La Union. On March 24, 2008, the Narra Coop received the award as Most Outstanding Entrepreneur in the field of Agriculture in Region 1 during the Ilocos-Pangasinan Regional Development Council Meeting at Cabugao, Ilocos Sur.
Vision Statement
Narra Multi-Purpose Cooperative is likened to a narra tree, a symbol of strength and prosperity. We envision ourselves to be the best, efficient and productive cooperative, dedicated and committed in bringing prosperity and positive transformation to its members and the community.
Mission Statement
The Narra Multi-Purpose Cooperative shall undertake economic and social activities in order to generate financial resources for the improvement of the quality of life of its members and contribute to the socio-economic development of the community.
Objectives
The primary objective of the cooperative is to help improve the quality of life of its members. Towards this end, the Cooperative aims:
To engage in agro-forestry project, agribusiness, trading, savings and loans, manpower services, and other income generating projects that will provide optimum social and economic benefits to its members and to the communities where it operates;
To provide goods and services to its members to enable them to attain increased income, savings, investments, productivity and purchasing power, and promote among themselves equitable distribution of net surplus through maximum utilization of economies of scale, cost-sharing and risk-sharing;
To actively support the government and other concerned organizations, both local and foreign, in promoting cooperatives as a practical means towards sustainable socio-economic development under a truly and just democratic society;
To develop the knowledge of the members on the principles and practices of cooperatives to enable them to actively and competently participate in managing the affairs of the Cooperative;
To institutionalize a dynamic savings mobilization and capital build-up schemes to sustain its development activities and long-term investments, thereby ensuring optimum economic benefits to the members, their families and the general public;
To implement policy guidelines that will ensure transparency, equitable access to its resources and services, and promote the interest of the members;
To Adopt such other plans that may help foster the welfare of the members, their families and the community.
Cooperative Philosophy
The Narra Multi-Purpose Cooperative (NMC) believes that all its personnel and its stakeholders will all succeed together. We do not attempt to succeed by exploiting others;
Compassion, enthusiasm, sharing, caring and service are criteria for advancement at NMC. We abhor faults like: not caring, not sharing, lethargic attitude, not learning from one’s mistakes, dishonesty and not supporting decisions made by the group;
Final measure of success at NMC is quality performance. Of equal importance is informing those who are performing well of their success. NMC believes that we can and should be the quality leader in whatever we do. We will only do the tasks which are consistent with our strategy and at which we believe we can excel when we exert our best effort;
We believe in leadership by example. We believe that it is not proper to ask another to do what one would not be willing to do oneself;
We are here to meet our objectives by working together as a team. Because we believe that we work best when we work together, we encourage a highly communicative and informal organizational style. Open disagreement and discussion is encouraged as a method of identifying and solving problems and of resolving conflict, hiding problems is not acceptable;
NMC personnel must evince respect for one another, and for the limits of others’ abilities and aspirations. We must all be truly sensitive to the needs perceptions and values of others. We must also remember that people know their own jobs better than anyone else; and,
It is NMC’s policy to attempt to develop and advance management from within the organization. NMC strives to provide opportunities for rapid development. The foundation for this, is training, NMC provides strong commitment for this.
Cooperative Values
NMC exists because of the marginalized people. Therefore, the Men and Women of the Cooperative shall at all times provide their utmost caring and sharing ethos to the people;
Quality is paramount at NMC; we will work to achieve the highest level of quality in everything we do;
We will deal with our employees justly and fairly within a system where appropriate recognition and rewards are based of merit, performance and potentials;
Men and women of NMC will bring the highest degree of integrity, honesty, ethical behavior and personal responsibility inorder to maintain the overall integrity of the organization;
Teamwork and cooperation are essential ingredients in the work environment at NMC. NMC will strive to develop a strong esprit de corps among its people. Each employee is expected to be not only an individual contributor but also a contributor to the efforts of the group;
NMC places high value on creativity, innovation, initiative and resourcefulness; those characteristics will be strongly fostered. We will strive to maintain an environment where risk-taking is encouraged and consideration of new ideas will be supported at all levels of the organization;
Men and women of NMC must have the flexibility to respond quickly to situational changes, and be ready to adjust accordingly without compromise to our cherished values; and,
NMC maintains the highest degree of dedication, compassion and love to the least of its stakeholders.
Name of Cooperative : Narra Multipurpose Cooperative, Inc.
Acronym : NMC
Type of Cooperative : Multipurpose
Category of Cooperative : Primary
Main Address : Brgy. Narra, San Manuel, Pangasinan, Philippines
ZIP : 2438
Website : narracoop.org
Contact Person : VAdm. Virgilio Q. Marcelo, AFP (Ret.)
Chairman and Chief Executive Officer
Registration : Cooperative Development Authority
Registration No.DAG 4253 dated 28 June 2000.
History
In view of hardship in life, many barangaymates, mostly farmers, were often coming to the house of Retired Vice Admiral Virgilio Q. Marcelo to ask for help. But no matter how much is given to them, the situation was recurring and did not actually solve their problems. With this, Admiral Marcelo with some community leaders established the Narra Multipurpose Cooperative to serve as a vehicle to uplift the socio-economic condition of the indigents and marginalized families, not only in his home barangay but to the neighboring communities as well.
Narra Multi Purpose Cooperative, Inc., named after the Barangay Narra where it was organized, was registered with the Cooperative Development Authority (CDA) on June 28, 2000. Fifteen initial cooperators contributed to put up the starting capital. At first, the cooperative engaged in the supply of fertilizer and other farm inputs to its farmer members through a production loan facility at low interest rate. Palay (rice) trading followed to help market the produce of its members at reasonable price.
In January 2005, with its desire to provide employment to the many jobless indigents in the barangay and neighboring communities, the Cooperative negotiated and acquired a service contract from the San Roque Power Corporation (SRPC) for general ground and facility maintenance and later for some civil and infrastructure works. The Cooperative was awarded to be one of SRPC’s official subcontractors on various services. This marked the rapid growth and expansion of the Cooperative. Income generated from the service contract was revolved to generate more funds and provide more services to members and to non-members. The cooperative established income-generating centers such as the Agribusiness Trading, General Maintenance and Manpower Services Group, Vehicle Rentals, Organic Fertilizer Plant and Seedling Bank. From the initial fifteen (15) members who pooled PhP15,000.00 starting paid up capital, the cooperative has now grown to 230 members and with a total asset of about PhP15 Million as of January 2009.
The Narra Coop was recognized for its outstanding record and it was acclaimed as the newest millionaire cooperative during the Regional Cooperative Month held on October 24, 2007 in San Fernando City, La Union. On March 24, 2008, the Narra Coop received the award as Most Outstanding Entrepreneur in the field of Agriculture in Region 1 during the Ilocos-Pangasinan Regional Development Council Meeting at Cabugao, Ilocos Sur.
Vision Statement
Narra Multi-Purpose Cooperative is likened to a narra tree, a symbol of strength and prosperity. We envision ourselves to be the best, efficient and productive cooperative, dedicated and committed in bringing prosperity and positive transformation to its members and the community.
Mission Statement
The Narra Multi-Purpose Cooperative shall undertake economic and social activities in order to generate financial resources for the improvement of the quality of life of its members and contribute to the socio-economic development of the community.
Objectives
The primary objective of the cooperative is to help improve the quality of life of its members. Towards this end, the Cooperative aims:
To engage in agro-forestry project, agribusiness, trading, savings and loans, manpower services, and other income generating projects that will provide optimum social and economic benefits to its members and to the communities where it operates;
To provide goods and services to its members to enable them to attain increased income, savings, investments, productivity and purchasing power, and promote among themselves equitable distribution of net surplus through maximum utilization of economies of scale, cost-sharing and risk-sharing;
To actively support the government and other concerned organizations, both local and foreign, in promoting cooperatives as a practical means towards sustainable socio-economic development under a truly and just democratic society;
To develop the knowledge of the members on the principles and practices of cooperatives to enable them to actively and competently participate in managing the affairs of the Cooperative;
To institutionalize a dynamic savings mobilization and capital build-up schemes to sustain its development activities and long-term investments, thereby ensuring optimum economic benefits to the members, their families and the general public;
To implement policy guidelines that will ensure transparency, equitable access to its resources and services, and promote the interest of the members;
To Adopt such other plans that may help foster the welfare of the members, their families and the community.
Cooperative Philosophy
The Narra Multi-Purpose Cooperative (NMC) believes that all its personnel and its stakeholders will all succeed together. We do not attempt to succeed by exploiting others;
Compassion, enthusiasm, sharing, caring and service are criteria for advancement at NMC. We abhor faults like: not caring, not sharing, lethargic attitude, not learning from one’s mistakes, dishonesty and not supporting decisions made by the group;
Final measure of success at NMC is quality performance. Of equal importance is informing those who are performing well of their success. NMC believes that we can and should be the quality leader in whatever we do. We will only do the tasks which are consistent with our strategy and at which we believe we can excel when we exert our best effort;
We believe in leadership by example. We believe that it is not proper to ask another to do what one would not be willing to do oneself;
We are here to meet our objectives by working together as a team. Because we believe that we work best when we work together, we encourage a highly communicative and informal organizational style. Open disagreement and discussion is encouraged as a method of identifying and solving problems and of resolving conflict, hiding problems is not acceptable;
NMC personnel must evince respect for one another, and for the limits of others’ abilities and aspirations. We must all be truly sensitive to the needs perceptions and values of others. We must also remember that people know their own jobs better than anyone else; and,
It is NMC’s policy to attempt to develop and advance management from within the organization. NMC strives to provide opportunities for rapid development. The foundation for this, is training, NMC provides strong commitment for this.
Cooperative Values
NMC exists because of the marginalized people. Therefore, the Men and Women of the Cooperative shall at all times provide their utmost caring and sharing ethos to the people;
Quality is paramount at NMC; we will work to achieve the highest level of quality in everything we do;
We will deal with our employees justly and fairly within a system where appropriate recognition and rewards are based of merit, performance and potentials;
Men and women of NMC will bring the highest degree of integrity, honesty, ethical behavior and personal responsibility inorder to maintain the overall integrity of the organization;
Teamwork and cooperation are essential ingredients in the work environment at NMC. NMC will strive to develop a strong esprit de corps among its people. Each employee is expected to be not only an individual contributor but also a contributor to the efforts of the group;
NMC places high value on creativity, innovation, initiative and resourcefulness; those characteristics will be strongly fostered. We will strive to maintain an environment where risk-taking is encouraged and consideration of new ideas will be supported at all levels of the organization;
Men and women of NMC must have the flexibility to respond quickly to situational changes, and be ready to adjust accordingly without compromise to our cherished values; and,
NMC maintains the highest degree of dedication, compassion and love to the least of its stakeholders.
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