ISSN

2321-5763 (Online)
0976-495X (Print)


Author(s): Melvin S. Laureta

Email(s): melvinslaureta@gmail.com

DOI: 10.5958/2321-5763.2020.00074.8   

Address: Dr. Melvin S. Laureta*
University of Northern Philippines, Tamag, Vigan City, Ilocos Sur.
*Corresponding Author

Published In:   Volume - 11,      Issue - 4,     Year - 2020


ABSTRACT:
This study aimed to determine the economic contribution of capital build-up programs of cooperatives in the province of Ilocos Sur during the calendar year 2018. Specifically, it determined the level of implementation of the capital build-up programs of cooperatives, level of attainment of the economic benefits of capital build-up programs to the cooperative as well as to the members, and the significant influence of the level of implementation of capital build-up programs of cooperatives on the level of attainment of the economic benefits of capital build-up programs to the cooperatives and members. In gathering data, questionnaires were used supplemented with interviews and observations. The respondents comprised of primary cooperatives with ten years and above of operation. The data gathered were treated statistically using mean and multiple linear regression analysis. Conclusions: (1) cooperatives in the province of Ilocos Sur highly implemented capital build-up programs; (2) capital build-up programs of cooperatives had contributed to the improvement of the economic status of the cooperatives and their members; (3) there was a significant influenced of the level of capital build-up programs on the economic benefits of the cooperatives and members along retains, revolving capital, capital share subscription, and deposits. Recommendations: (1) cooperatives should continue realizing and strengthening their capital build-up programs such as mandatory contribution yearly, birthday gift, voluntary contribution quarterly, and popularity contest; (2) maintain the implementation of retains for every approved loan, revolving capital of patronage refund and interest on share capital, capital share subscription every year, and intensify deposits program; (3) cooperatives may look into possible opportunities of expansion and strengthening linkages to government and non-government organization.


Cite this article:
Melvin S. Laureta. Economic Contribution of Capital Build-Up Programs of Cooperatives in the Province of Ilocos Sur. Asian Journal of Management. 2020;11(4):497-506. doi: 10.5958/2321-5763.2020.00074.8

Cite(Electronic):
Melvin S. Laureta. Economic Contribution of Capital Build-Up Programs of Cooperatives in the Province of Ilocos Sur. Asian Journal of Management. 2020;11(4):497-506. doi: 10.5958/2321-5763.2020.00074.8   Available on: https://ajmjournal.com/AbstractView.aspx?PID=2020-11-4-19


REFERENCES:
A.    Books:

1.    Fajardo, F. (2001). Cooperatives (4th ed.). C.M. Recto Avenue, Manila Philippines: Rex Bookstore Inc.
2.    Fajardo, F.R. (1994). Introduction to Entrepreneurship. Quad Alpha Centrum Building, 125 Pioneer St., Mandaluyong City, National Book Store.

B.    Unpubished Researches
1.    Alconcel, L.E. (2016). Success Indicators of Multi-purpose Cooperatives in the First District of Ilocos Sur (Unpublished master’s thesis). University of Northern Philippines, Tamag, Vigan City, Ilocos Sur.
2.    Cabunoc, R. (2007). Agricultural multi-purpose cooperative in La Union.
3.    Galvez, E.S. (2015). Status, problems, and prospects of the agricultural multi-purpose cooperatives in the province of Abra (Unpublished doctoral dissertation). University of Northern Philippines, Tamag, Vigan City, Ilocos Sur.
4.    Laureta, M.S. (2008). Performance of cooperatives in selected municipalities of Abra (Unpublished master’s thesis). University of Northern Philippines, Tamag, Vigan City, Ilocos Sur.

C.    Online Sources:
1.    Hendar (2010). Influence business environment on the organization performance. Retrieved from http://www.ijstr.org/ final-print/apr2015/Influence-Business-nvironment-On-the-organization-performance.pdf
2.    R.A. # 9520. (2008). The Philippine Cooperative Code. Retrieved from http://www.cda.gov.ph
3.    Reututar, ML. (2014). Status and prospects of cooperatives in Metro Vigan (Unpublished master’s thesis). University of Northern Philippines, Tamag, Vigan City, Ilocos Sur.

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