our story of succesS
The formation of SAN JOSE KOOP or San Jose del Monte Savings and Credit Cooperative is an offshoot of the positive developments brought about by the EDSA People Power Revolution of 1986. The newly installed President Corazon C. Aquino replaced all incumbent officers of the government, one of which is the Mayor of the Municipality of San Jose del Monte. The son of the previous Mayor of the town and a businessman in the person of Mr. Reynaldo Villano was appointed Officer-In-Charge of the Municipality. Being a neophyte in holding public office, he requested the heads of civic, business and religious organizations to help him in the administration of the affairs of the Municipality thus, a foundation was organized by various leaders which was named KISAP Foundation or Kilusan ng mga Samahang Pampamayanan. Various committees were later formed and one which was a livelihood committee headed by Mr. Romeo A. de Jesus, a religious leader, being a Past Grand Knight and District Deputy of the Knights of Columbus of San Jose del Monte. In the various meetings of the committee they finally decided to form a credit cooperative and invited the trainers of St. Martin of Tours Credit Cooperative of the nearby municipality of Bocaue, Bulacan.
The first pre-membership seminar was held on September 26, 1986 at the San Jose del Monte Central School. After the completion of the seminar, a general assembly was held to elect the Interim Board of Directors and collect the share capital of the prospective members. Out of about sixty (60) original prospective members, forty three (43) paid the initial capital which amounted to Php37,500. The formation of the cooperative was reported to the OIC Mayor who in turn reported it to the OIC Governor. The OIC Governor Hon. Roberto Pagdanganan, who is also new in public office being an executive of a multinational company, fully supported this venture and promised to allocate funds equivalent to the amount of share capital to be raised by the Cooperative.
It was at this moment that the Interim Board of Directors requested the Vitarich Corporation, a company owned by the Sarmiento Brothers who hails from this town to help us raised the balance of Php12,500 so we can raise to Php50,000 as seed capital. Vitarich Corporation donated Php7,000 so that the capital went up to Php44,500. Thus, the OIC Governor complied with his promise of Php50,000 loan to the proposed Cooperative.
San Jose Koop was registered with the Bureau of Cooperatives on May 14, 1987. Re-registered with the Cooperative Development Authority (CDA) on January 3, 1992 under Confirmation no. 072 as Credit Cooperative. After its conversion from credit to multi-purpose, San Jose Koop was re-registered with the CDA on February 9, 1993 under its new corporate name, SAN JOSE DEL MONTE KILUSANG BAYAN SA KAUNLARAN, INC. (SJDMKBKI) as amended during the August 1992 General Assembly. And now, it is registered under the name SAN JOSE DEL MONTE SAVINGS AND CREDIT COOPERATIVE under RA 9520 or the Philippine Cooperative Code of 2008.
The road to success of San Jose Koop was not easy. It entailed lots of sacrifices. The first borrowers were the officers. None of the members would like to borrow. So, to start the ball rolling, Mr. Romeo A. de Jesus, Interim Chairman of the Board of Directors, prevailed upon his fellow officers to borrow money from the cooperative whether they needed money or not.
The first office of San Jose Koop was a small table at the Municipal Hall, whose typewriter and several office supplies were donated by the municipality. After about six (6) months, the cooperative rented a small room at the apartment near the Municipal Hall, as they observed that there are people who don’t want to visit the office at the Municipal Hall and in order to improve the image of the cooperative.
To increase the working capital of San Jose Koop, they borrowed money from the Social Security System (SSS), Government Service Insurance System (GSIS) and Department of Trade and Industry (DTI). With plenty of loanable funds, membership began to rise. San Jose Koop became a by-word in the town. All the officers were required to solicit share capital and deposits from the people of the community, as well as the rich people who have roots or originated from the town. In the next six (6) years the coop managed to increase its asset by almost P50 million and membership of about 3,000. During these years, the coop decided to build a 4-storey building in 1994 in Brgy. Poblacion I, the membership and assets of the cooperative shoot up and no less than President Corazon Aquino in person awarded the distinction as one of the Most Outstanding Cooperative of the Province of Bulacan. The award given to San Jose Koop served as a challenge to the officers to strive harder until they became one of the first Hall of Fame awardees of the province.
By 1995, the success story of San Jose Koop was even featured at the book launched by Mr. Zac B. Sarian, Agricultural Editor of the Manila Bulletin entitled “The Nicest People Share their Bright Ideas, Experiences and Know-How” Agri-Kapihan Yearbook First Edition 1995. The book was financed through a grant given by the Rockefeller Brothers Fund, through its program for Asian Projects being administered by the Ramon Magsaysay Award Foundation. The article highlighted San Jose Koop’s humble beginnings and the people who sacrificed for its success. And may we quote in the said book: “One big lesson here is that if a cooperative is run professionally, it could become a truly effective engine of growth for the community. More professionals should take the cue from those of San Jose del Monte. They could do the same in their hometowns.”
After garnering the highest award that the Province of Bulacan can bestow to cooperatives, San Jose Koop participated in various competitions involving the prominent cooperatives of the country. San Jose Koop became an active member of various Cooperative Federations and Unions where their officer, employees and members were continuously trained in good governance, sustainability and stability of the organization. Presently, San Jose Koop is affiliated with the following:
INTERNATIONAL: Association of Asian Confederation of Credit Unions (ACCU)
NATIONAL: Philippine Federation of Credit Cooperatives-National (PFCCO-National), Metro-South Cooperative Bank (MSCB), ATING KOOP Partylist, Philippine Central Fund (PCF) Federation, CLIMBS, CISP and Coop Health Federation
REGIONAL: Philippine Federation of Credit Cooperatives-Central Luzon (PFCCO-Central Luzon), and Central Luzon Regional Cooperative Development Council (RCDC-3)
PROVINCIAL: Bulacan Cooperative Hall of Fame League Union (BCHFLU), and Provincial Cooperative Development Council – Bulacan (PCDC-Bulacan)
CITY: Katipunan ng mga Kooperatiba sa Lungsod ng San Jose del Monte (KKL), City of San Jose del Monte Confederation of Civil Society, SJDM City Development Council, SJDM City Cooperative Development Council (CCDC-SJDM)
San Jose Koops prides itself with being one of the ACCESS-Branded Cooperatives in the whole Asian Cooperative Movement, a brand accreditation awarded by ACCU which stands for A-1 Competitive Choice for Excellence in Service and Soundness for five consecutive years since 2010 in BRONZE Category. The year 2016 was a remarkable year for San Jose Koop as it reaped the ACCESS SILVER BRAND ACCREDITATION. Twice, the coop won Php250,000 each for the Coop-LGU Partnership Awards sponsored by the Senate of the Philippines for the years 2003 and 2006. Another Php250,000 was awarded by the Villar Sipag Foundation for the 2014 Villar Sipag Awards on Poverty Reduction, as one of the Ten Outstanding Community Enterprises.
It is also a consistent recipient of various awards and citations given by the CDA Central Office Gawad Parangal, CDA Regional Office, the Province of Bulacan, the City of San Jose del Monte and the various federation and unions where it is affiliated, the most recent, being awarded as CDA Gawad Parangal – 3rd Placer for Most Outstanding Primary Cooperative – Large Category for three consecutive year.
Starting from a one table office thirty one (31) years ago at the Municipal Hall of San Jose del Monte, a 30 sq. m apartment unit at the town, San Jose Koop now owns a 4-storey Head Office Building, a 1 storey building at Brgy. Tungkong Mangga Commercial Center, another 1 storey building at the Sampol Sapang Palay Commercial Center and a rented building at Brgy. Muzon. It has maintained its policy of avoiding external borrowings and rely solely in the deposits and share capital of its members totaling P1.078 Billion in deposits and P390 Million in share capital or a total of P1.664 Billion as of December 31, 2017.
The cooperative’s important contribution to poverty reduction was providing financial education and access to credit facility for business capitalization for its 32,917 members. By being financially literate, its members had a solid foundation of managing their money and their businesses. The cooperative’s undertakings took into consideration the insights, needs and conditions of its members and the community. It envisions being “a world-class financial institution committed to serve”, and endeavors to “empower its members by providing them access to competitive and quality financial products and services.” Guided by the Seven Universal Cooperative Principles and Cooperative Values, San Jose Koop continues to reach out to the growing population of the City and the whole of Luzon, concentrating on the City San Jose del Monte which is set to be the next megacity in the country in the years to come.