"Our Lady of Peace Multipurpose Cooperative" is a cooperative organization that aims to empower its members through financial services, community development, and social responsibility. Our cooperative is committed to providing personalized and quality services to our members while promoting financial literacy and social awareness. It started due to the clamor of the Parish Pastoral officers durin
g the time of Bishop Emeritus Protacio G. Gungon to help the church vendors get rid of the usurious 5-6 and Bombay financiers. Seeing how they were burdened by the usurers, the PPC officers sought the help of the Bishop to organize themselves into a cooperative. Through the guidance and support of Sis. Mary Loretta S. Aquino, SPC, Monica Mandap, SHC, and Sis. Rose Colima (now Emma Colima Gatoteo), they were assigned by the Bishop to gather interested vendors who wanted to avoid usurers and have them attend the Friday and Saturday Pre-Membership seminars for a span of one month with an invited guest speaker from San Dionisio Credit Cooperative, Ms. Marlyn Estrella. To start the cooperative, an attendee of said PMES acted as a volunteer to receive deposits from the first 17 members who contributed their shares as the first share capital, along with Php10,000.00 in seed money from the Bishop. The business began with Php800.00 as the very first loan granted or released to a member at that time. During its first year of operation, it was purely a credit type of cooperative that accepts savings and grants loans only as services given to members. Bishop Protacio Gungon serves as the cooperativeโs adviser, together with Sis. Aquino, Sis. Monica Mandap acted as treasurer, where the collections of the volunteer member who acted as the cashier were remitted for the day, and she in turn deposited them at our depository bank. Sis. Emma Colima serves as a member guide if there are any inquiries. Later, Mrs. Hermenegilda Dallarte, who saw the OLPMPC signage after attending the mass, approached and talked with Sis. Loretta and offered her help for our Cooperative. She even brought us to their cooperative office (Paltok Credit Cooperative) in Quezon City to observe how and what to do to improve our knowledge of cooperatives and fulfill our functions as different committee members while also observing in the said office. At present, other services offered by the OLPMPC aside from savings and regular loans include special loans, appliance loans, memorial services and memorial lot loans, commodity loans, and gift check loans. Members are entitled to the Damayan Fund, rebates, patronage refunds, dividends, interest on savings deposits, and the Loan Redemption Fund. We share our blessings by being involved in the Social Service Ministry of the Immaculate Conception Parish, giving our shares for community services, especially for medical missions, outreach programs, etc. OLPMPC is affiliated with PFCCO, SLRL, CUR, and ACCFED. On April 25, 1998, the PFCCO awarded OLPMPC the title of Most Outstanding Financial Performance for keeping up with the credit cooperativeโs
standards for the safety and soundness of our financial operations, like financial stability and self-reliance, and at the same time, in support of the PFCCO objectives on self-reliance and poverty alleviation. On Oct. 24, 2007, the Antipolo City Cooperative and Livelihood Office awarded OLPCC as the 4th Outstanding Primary Cooperative for its remarkable achievement in line with cooperative business and objectives. With the full guidance of the Lord Almighty and Virgin Mary and the untiring support, good management, and dedication of the officers and the manager, together with the help and cooperation of the members of the OLPCC, we have availed of 225 sq m. lot in the amount of Php2.4M, and we were able to construct a 3-story building through its own finances in the amount of roughly PhP 7M. modesty aside, OLPCC has not availed of any bank loans for the construction of the OLPCC Building, where its 20th General Assembly was held on March 30, 2008. As of today, there are already tenants who have rented 5 of the 9 available rooms and stalls in the OLPCC Building. The Php800.00 initial loan granted during our first years in the business is now Php600,000.00. Once again, we are still hopeful that we will continue our service as stated in our Mission and Vision Statement.
