9 ARBOs in Sorsogon undergo 3-day Training on Financial Management

The Participants of the 3-day Financial Management Training with

Maribel J. Lubiano, DAR-CDA Partnership Point Person, and Training Facilitator;

Ignacio B. Espinosa,CAO-STOD; and Evelyn Peña, resource speaker.

Sorsogon City – a 3-day training was provided to nine (9) Agrarian Reform Beneficiaries’ Organizations (ARBOs) by DAR Sorsogon headed by Felix E. Fruto, OIC PARPO II in partnership with South-Luzon Federation of Cooperatives (SIDECO) headed by Jenell P. Paghubasan, SIDECO Chairperson on September 17-19, 2014. Particularly, they learned the Basic Concepts of Cooperative Financial Management; and Elements of the Accounting System for Cooperatives which were discussed by Lucy G. Bailon. They were also taught by Evelyn B. Peña how to interpret and analyze financial statements of cooperative; the meaning of P.E.S.O.S. and its standards in evaluating cooperative performance; she also explained the basic of budgeting; and the basic of investment and banking.

“This training is very beneficial to us because through this knowledge which the speakers imparted to us, we realized that for a long time we have wrong practices in financial management. Now that we have already the understanding, we can correct our mistakes,” said by one of the participants, Felipe A. Castillo, vice chairperson of GASANAMUDECO.

This significant activity which was facilitated by Maribel J. Lubiano, DAR-CDA Partnership point person of DAR Sorsogon is part of DAR’s mission to capacitate cooperative leaders with basic knowledge, skills and the right attitude in managing the financial affairs of the organizations. Prior to this, the same participants have been attended another 3-day training on Cooperative Management and Governance.

“We’re not just giving trainings but we would be monitoring the growth of your cooperatives in order for us to know whether DAR’s intervention has really helped you,” said Liza B. Repotente, CARPO-PBDD to the participants.