SAFADECO’s greatest dare

On-going construction of the SAFADECO's building

SAFADECO’s purchased of 520 square meter lot is one of their greatest achievement. Soon, the construction of their office building which they can call their own will begin. This is the cooperative’s dream which the present management strived to accomplish as legacy.

“The structure is designed for a three-story. The ground floor will be for the credit and savings office, the second floor will be the office of the administrative and manager, the third floor will be the function hall where we can held special occasions like our general assembly,” Jessica Samantha Dob-Acleta, General Manager said.

Since 2012, when the cooperative launched its microfinance program they are spending Php420,000.00 every year for the payment of the office space rental. This is already big amount which supposed to be an additional fund for their credit program wherein both members and the cooperative will benefit if only they have their own office building and lot.

Last 2016, Gerwyn D. Pura, NATCCO Area Manager assigned to SAFADECO saw the performance of the cooperative and said that they have already the capacity to acquire a lot and office building. This is also a chance seen by the NATCCO to offer them a long term loan for real state and building construction which the SAFADECO accepted.

“Although this is still a loan which the cooperative has to pay every month, but at least the paying period will lasts for only ten years. After that, the lot and the building will be theirs. Unlike when they are renting, they are paying every month with thousands of pesos for a structure they will never owned,” NATCCO Area Manager said.

Now that SAFADECO is going to have its own office building, the more the members felt the spirit of cooperativism in which they continued to say “United we stand, together we are strong!!!” ###