DACCO MPC

The adage which says that “need is the mother of invention” has once again proved its essence true with the establishment of DACCO MPC.

The idea of organizing a cooperative started with Dielmar “Tata” Egay in November 1998 when he thought that it would be novel to put up a transport group, which would service the Anabu II-B based commuters to and from their workplaces in Manila. Having a service van he drove himself, he brought the idea to Kapitan Gaudioso “Guding” Diato. What was in his mind a transport cooperative evolved into a credit cooperative when Tata’s idea went through the Solomonic mind of Kapitan Guding. That was the start of DACCO MPC’s history.

Why does it matter? Because from a simple desire to help fellow commuters, a thriving community institution was born—one that provides not only loans and livelihood, but a long-standing legacy of unity, service, and empowerment to residents of Cavite.

Kapitan Guding, while seeing wisdom in Tata’s transport cooperative, suggested instead to form first an accredited credit cooperative, which is the easiest and most viable type of cooperative for a starter. He had seen there were not much van and FX owners then within the barangay necessary to form a transport group as opposed to a credit cooperative whose members can be plain individuals. And that started it all.

The first 15 cooperators together with the other 24 initial members subscribed and posted an initial share of Php13,250.00 and registered the cooperative at the CDA on August 26, 1999 through Confirmation No. LGA-4129. As of December 2018, DACCO MPC’s Total Asset is Php 51,072,452.79.

Under Article 144 of R.A. 9520, otherwise known as the “Philippine Cooperative Code of 2008,” a new Certificate of Registration was issued to DACCO MPC on December 28, 2009 through CIN-0108040061 upon compliance with the requirements prescribed by the Cooperative Development Authority.

In the General Assembly held on March 16, 2013, the Articles of Cooperation and By-laws were amended and approved to cover Anabu I and Anabu II, Imus, Cavite as the area of operation.

On March 22, 2015, the following amendments were approved: (a) Conversion from Credit to Multipurpose Cooperative, (b) Expansion to the City of Imus, (c) General Assembly moved to 3rd Sunday of March or within 90 days of fiscal year-end, (d) Increase in authorized capital from Php10,000,000 to Php30,000,000, (e) Establishment of three satellite offices.

On March 24, 2017, further amendments were approved: (a) Area coverage expanded to the entire province of Cavite, (b) Renaming to “DAMAYAN SA CAVITE COMMUNITY MULTIPURPOSE COOPERATIVE (DACCO MPC),” (c) Authorized capital raised to Php40,000,000 (Php35M Common Shares, Php5M Preferred Shares), (d) New businesses: basic commodities, travel and tours, bills payment, and property rentals.

From fifteen (15) cooperators in 1999, there are now 1,843 members as of December 31, 2018. The cooperative is the major source of employment for its thirteen (13) regular employees.