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Written by Administrator   
Wednesday, 14 December 2011 08:11

In 1994, forty-two employees banded together as founders and organized GMA-7 Employees’ Multi-Purpose Cooperative with initial paid-up capital of P21,000.00.

On May 20, 1994, the Cooperative Development Authority issued the Certificate of Registration of the Cooperative. With legal personality to operate, the Cooperative embarked on a credit activity limited to its small resources of P21,000.00. Through continuous build-up of capital, it launched its canteen operations on September 16, 1994.

Slowly but surely, the succeeding years demonstrated the steady build-up and inflow of capital from the Cooperative members, enabling the Board of Directors to act aggressively for the expansion and diversification of business activities with the full support of the Cooperative members. Present Cooperative businesses and operations are catering services, canteen, loans, vehicle rental, grocery store, appliances, photocopying operations, 10 rent-to-own housing units in Brgy. Sto. Niño, Marikina City which are occupied by 10 cooperative members and their families, three-storey dormitory building which can accommodate 80 members and employees located in Kamuning, Quezon City and very near the working place. On catering business, the Cooperative accepts services for wedding, birthday parties and other occasions of its members as well as non-members and during tapings of the Network.

Our Cooperative has been the source of additional income to the members who receive interest for their paid-up capital and patronage refund for availing of the Cooperative’s products and services.

Our Cooperative was awarded twice as one of the three Most Outstanding Cooperatives in the fourth district of Quezon City by the Quezon City Cooperative Development Council in coordination with the Cooperative Development Authority (CDA). Our Cooperative was likewise cited by the Quezon City government “for demonstrating its support through active participation in the Quezon City Cooperative Development Council’s projects and activities.”

 

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