MULTI-PURPOSE COOPERATIVE TABLE OF CONTENTS Messages ...... 2-11 Programs and Activities ...... 12 Minutes of the 6th Annual Representative ...... 13-19 Board of Directors’ Report ...... 20-21 Board of Directors’ Resolutions ...... 21-24 Audit Committee Report ...... 25 Election Committee Report ...... 26 Education Committee Report ...... 27 Trainings, Seminars, Fora attended, Coop Activities Participated and Lakbay Aral Conducted ...... 28-31 Credit Committee Report ...... 32 Mediation and Conciliation Committee Report ...... 33 Ethics Committee Report ...... 34 Provincial Coordinating Committee ...... 34 Management Report ...... 35-45 Independent Auditor’s Report ...... 46-47 Consolidated Statements of Financial Conditions ...... 48 Consolidated Statements of Operations ...... 49 Statements of Changes in Equity ...... 50 Statements of Cash Flows ...... 51 Statement of Financial Conditions by Services ...... 52 Statement of Financial Conditions per Branch - Credit Division Only ...... 53 Statements of Operations by Services ...... 54 Statements of Operations per Branch - Credit Division Only ...... 55 Consolidated Financial Schedules ...... 56 Amendments and Proposals ...... 57-59 2018 Annual Plans ...... 60-73 Proposed Budget for the year 2018 - Credit Division ...... 74 Proposed Budget for the year 2018 - Cable TV and Internet Division ...... 75 Proposed Budget for the year 2018 - Gas Station Division ...... 76 Proposed Budget for the year 2018 - Pharmacy ...... 76 Membership Segmentation Criteria ...... 77 2017 Membership Segmentation ...... 78-88 List of Representatives ...... 89-91 Social Services ...... 92 6th Representative Assembly Highlights ...... 93-94 2017 Barbaza MPC Highlights ...... 95-96 Products and Services ...... 97 Management and Staff ...... 98-106 The BOD Chairpersons ...... 107 Cooperative Theme Song ...... 108 Coop Cable Theme Song ...... 108 Cooperative Pledge ...... 108

2017 ANNUAL REPORT [1] 100% 90%

80% NATCCO NETWORK 70% 60% 50% 40% 30%

20% Republic of the 10% PRESIDENT OF THE PHILIPPINES 5% Offi ce of the President 0% S/D 100% My warmest greetings to the Barbaza Multi-Purpose Cooperative as it holds its 53rd Annual Assembly. 90%

80% Over the years, Barbaza Multi-Purpose Cooperative has empowered Ilonggos by off ering loans and insurance products 70% to its growing number of members. Since 1964, its socio-civic and eco-tourism programs have greatly contributed to our eff orts 60% in nation-building. I therefore laud the group for helping the government in providing a more comfortable and productive life

50% for all Filipinos. 40%

30% May this gathering strengthen the organization’s resolve to promote fi nancial independence and sustainable development

20% in its communities. In return, we have created policies that will encourage more local entrepreneurs to adopt responsible and innovative business practices. I am optimistic that our partnership will bring our country towards inclusive growth for future 10% generations. 5%

0% I wish you an engaging and sucessfull event. S/D 100% 90% 80%

70% HON. RODRIGO ROA DUTERTE

60% President 50% 40% 30% 20% 10% 5% 0%

S/D Republic of the Philippines

100% VICE PRESIDENT OF THE PHILIPPINES Offi ce of the Vice President 90% 80% 70% 60%

50% Greetings to the Barbaza Multi-Purpose Cooperative as you hold your 53rd Annual Assembly. 40%

30% We are one with your organization as you pursue the mission to deliver excellent programs and services and help

20% improve the quality of life of our fellow Filipinos. 10% The theme of your general assembly “Sustained Productivity through Eco-Tourism and Economic Enterprise” is a 5% testament to your commitment to your goals. May your assembly lead you to spread new and signifi cant ideas that will touch 0% the lives of many Filipinos, especially those in the margins. May this general assembly further inspire innovation in your

S/D cooperative, so that you may continue to bring change to your communities.

100% May you have a productive event. 90%

80% Mabuhay kayong lahat! 70% 60% 50% 40% 30% 20% 10%

5% HON. LENI ROBREDO

0% Vice President

S/D [2] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE

Republic of the Philippines SENATE OF THE PHILIPPINES Offi ce of the Senators

Greetings and welcome to the 53rd Annual Assembly of the Barbaza Multi-Purpose Cooperative!

The cooperative movement has soared in recent years, especially following the revamp of the industry prompted by the enactment of the Philippine Cooperative Code of 2008. Through thislaw, we institutionalized the role of cooperatives as an indispensable means

of eliminating poverty and stimulating growth and development in communities throughout the country. This has been our lofty goal: to promote economic development by nurturing self-- reliance among our people – in short, to help Filipinos help themselves. As you work for economic success, may you also remain steadfast in the noble pursuit of social justice. Let us contribute to a nation that helps and protects those who work hard to uplift their lives.Rest assured that you always have in me a staunch supported and ally of the cooperative industry.

I wish you the bestof luckin all your endeavors. May we all work together to build a stronger and better Philippines for all!

HON. JUAN MIGUEL F. ZUBIRI Senator

Republic of the Philippines COOPERATIVE DEVELOPMENT AUTHORITY Offi ce of the President

Greetings to Barbaza Multi-purpose Cooperative on the occasion of your 53rd Annual General Assembly.

The Cooperative Development Authority (CDA) together with eleven offi ces, have been put under the Offi ce of the Cabinet Secretary and have exemplifi ed to the highest degree an amazing pro-people leadership with a strong national mindset that gives adherence to empowering the poor and the marginalize sectors so they can be drawn into the mainstream of development process.

We, at the CDA, have been vigilant in our commitment to give voice to the cooperative sector and for the “wheel” of cooperative development to be put into motion. There are now some 26,600 cooperatives in the Philippines with some 14 million members coming from all walks of life who have good stories to tell, of how they have been liberated from the quagmire of poverty be they farmers, fi sherfolks, workers, women, persons with disabilities and even former combatants who have left armed struggle to now peacefully working for social justice and equity through cooperativism.

Cooperatives have been successful in drawing the marginalized sectors into the mainstream of development process, bonding together productive members of our citizenry who contribute signifi cantly to our economy. We have realized that cooperativism has come of age, not only as a vehicle of development but as a tool of empowerment. It is the pathway to make people more productive, becoming revenue-makers for our government.

Today, there is a need for paradigm shift: from unsustainabilty to sustainability! Money should not be used to make money but to improve the quality of life of the people. In this context, the essence of cooperativism has become the answer because it DNA is that of being members-owned, value-based and sustainable.

That is why advancing cooperativism means working for social transformation based on justice, equity and sustainability. It is a kind of revolution that is peaceful, yet, forceful, that relies on the collective strength of the people.

USEC. ORLANDO R. RAVANERA Chairman

2017 ANNUAL REPORT [3] 100% 90%

80% NATCCO NETWORK 70% 60% 50% 40% 30% Republic of the Philippines 20%

10% House of Representatives

5% Quezon City 0%

S/D Warmest greetings to the Barbaza Multi-Purpose Cooperative as you hold your 53rd Annual General Assembly! 100%

90% It is truly an astounding year for the cooperative sector. I would like to express my gratitude on your vigorous 80% support in fi ghting for our tax exemption. It would not have been possible without you. You are passionate in serving the

70% people and with your continuous enthusiasm to deliver, there is no doubt that you will continue to rise to a much higher

60% level of success as your unity and cooperation has already been established and strengthened in the past 53 years. 50%

40% The Barbaza Multi-Purpose Cooperative is highly regarded as one of best and biggest cooperatives in . Your journey to succeess is really commendable. 30%

20% May your coop’s growing membership of 68,000 continue to work together towards the achievement of your 10% goals and vision. 5%

0% I wish that all the success you painstakingly worked on collectively over the years will continue to soar. It is in sustainability that we can continue our mission of lifting our brothers and sisters from the bondage of poverty. S/D

100% The Coop-Natcco Party remains your partner for development. May the good Lord always shine his light upon all

90% of us so we will have the wisdom and strength to pursue our mandates. 80% More power to all of you! 70%

60% HON. ANTHONY M. BRAVO, Ph.D. 50% Representative, Coop-NATCCO Party-list 40% 30% 20% 10% 5% 0% Republic of the Philippines S/D House of Representatives

100% Quezon City 90% 80%

70% Warmest Cooperative Greetings! 60%

50% My sincerest felicitations to the Members, Offi cers and Management of BARBAZA MULTI-PURPOSE

40% COOPERATIVE on the occasion of your 53rd Annual Assembly. With the theme: “SUSTAINED PRODUCTIVITY THROUGH Eco-Tourism AND ECONOMIC PRODUCTIVITY” 30%

20% I commend the 53 strong hold years of Barbaza Multi-Purpose Cooperative your experienced in engaging the 10% grassroots level, guided by-tested cooperative principles, practices and continuous cooperative education. You have

5% substantially utilised your assets to diversify programs and services which aims to improve and develop the social and

0% economic activity in your area of operations. Indeed you are a pride and honour to our beloved Barbaza,.

S/D I wish Barbaza Multi-Purpose Cooperative many more great years to come and may you continue to inspire

100% your cooperatives members in providing them viable and sustainable programs, towards job creation and poverty eradication. 90% 80% Congratulations and Mabuhay! 70% 60% 50% 40% 30% 20%

10% HON. SABINIANO S. CANAMA

5% Representative, Coop- NATCCO Partylist 0%

S/D [4] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE

national confederation of cooperatives (natcco) Quezon City

Congratulations to Barbaza Multi-Purpose Cooperative on its 53rd General Assembly with the theme “Sustainable Productivity Through Ecotourism and Economic Enterprise.”

The theme is very much aligned with the desire the worldwide co-op sector to contribute to the United Nations Sustainable Development Goals for 2030, such as No Poverty, Decent Work and Economic Growth, and Sustainable Communities.

Ecotourism is an excellent industry to be in for it creates jobs and helps preserve the environment, thus contributing to the SDGs Life Below Water and Life on Land.

Your NATCCO Network is one with you in your endeavor and will support your thrust.

And we appreciate your adherence to the NATCCO Network’s vision of becoming an integrated network. Your patronizing the NATCCO Network’s eKoopBanker Plus System, Pinoy Coop ATM, and soon the Kaya Payment Platform, plus your active participation in the governance is really worth emulating and serves as an inspiration to other NATCCO members.

Your adoption of new technologies to better serve the members in an age of fast technological developments and very young population, ensures you reach your goals through shared platforms.

We thank Barbaza MPC for being a leading cooperative in building the NATCCO Network. Your cooperation in the network is not just rhetoric, it is manifested in your actions.

Yes to cooperatives working together at the NATCCO Network and make sure that we achieve greater heights together!

SYLVIA OKINLAY-PARAGUYA Chief Executive Offi cer

VISAYAS COOPERATIVE DEVELOPMENT CENTER (VICTO-NATIONAL) Cebu City

The VICTO National Cooperative Federation and Development Center (VICTO National) would like to convey its sincere congratulations and best wishes to the offi cers, management staff and members for the continued progress and prosperity of Barbaza Multi-Purpose Cooperative (BMPC) on the momentous occasion of its 53rd Annual General Assembly. Your theme this year “Sustained Productivity through Eco-Tourism and Economic Enterprise” is a very signifi cant reminder of the cooperative reason for being, its principles, purposes and objectives. Thus, this is a continuous challenge to Barbaza MPC to become more pro-active and relevant in providing programs and services not only to the member-owners, but also to the community as a whole. Indeed, Barbaza MPC has proven to be an active advocate of empowering the people in the community. Your cooperative is well-known because of its long history and remarkable achievements, excellent modeling in serving for the poorest of the poor and the vulnerable sector and vital contributions in empowering the community. Your accomplishments and your best practices always remind us that a cooperative is a strong sector of cooperation, collaboration and a good business model for social transformation.

We enjoin you therefore, to continue being truthful to the value of cooperativism. Make this year even more fruitful as you strive to realize your ardent cause, which is contributory to the development of the community and country. May you continue to engage in projects and activities that are truly benefi cial and responsive to the needs of your members and the community. VICTO National look forward to working closely with you for the benefi t and prosperity of the Filipino people. Mabuhay!

MR. JOSE C. DETABLAN DR. LEO D. CAMPOSANO Chief Operations Offi cer Chairperson of the Board 2017 ANNUAL REPORT [5] 100% 90%

80% NATCCO NETWORK 70% 60% 50% 40% 30% 20%

10% Cooperative health 5% management federation 0% Quezon City S/D 100%

90% On behalf of the Cooperative Health Management Federation (1 Coop Health), it is my honor to congratulate the Leaders,

80% Offi cers and members of Barbaza Multi-Purpose Cooperative on your 53rd Annual General Assembly. 70% Your today’s theme “Sustained Productivity through Ecotourism and Economic Enterprise” aligns with the theme of the 60% 2018 International Day of Co-ooperatives which gives an opportunity for co-operatives to show how they run successful 50% businesses while respecting our natural environment and the resources it off ers. This is also a great reminder to other

40% cooperative of the value of taking care of the natural environment in servicing the community towards the realization of your

30% goals.

20% Indubitably, cooperatives are indispensable partners of the government in uplifting the lives of the poor and underprivileged 10% Filipinos. Thus it is the responsibility of the cooperatives to ensure that the programs, services and privileges that they provide

5% to their members are fi tted to the latter’s needs and help them to transform themselves into a resourceful and self-reliant

0% individuals.

S/D Today’s celebration is another opportune time for your cooperative to inspire your members on how the spirit of cooperativism transform lives into a better one. 100%

90% It is my great wish that your cooperative fulfi ll its all endeavors especially a fi nancially strong and sustainable cooperative.

80% Rest assured that 1 Coop Health will be a dependable partner of your cooperative in providing the best healthcare services

70% that you and your members deserve.

60% Congratulations and more years of success! 50% 40%

30% ROY S. MICLAT 20% Chief Executive Offi cer 10% 5% 0% S/D 100%

90% CLIMBS LIFE AND GENERAL 80% INSURANCE COOPERATIVE 70%

60% Cagayan de Oro City 50% 40% 30% Success is the result of perseverance and selfl ess devotion of time and eff ort to accomplish goals. Inthis organization, 20% it is recognized as a whole which is a result of unity, cooperation, camaraderie and faith among all the cooperators. 10%

5% It is like a human body—we have brain as our goals and heart for compassion and love for ourmembers. These two

0% then empowers every part (diff erent departments) of the whole body (the organization or cooperative, itself).

S/D This is not only applicable for work but if we take time to ponder, this is happening in our daily lives. We all live with

100% our personal goals which serve as the driving factor for us to work hard enough. This can be for ourselves, our family or friends. But whatever it may be, we must not forget to ask guidance and thank the Father Almighty for all the blessings 90% he have endowed upon us all. 80%

70% On your 53rd Annual General Assembly, in behalf of CLIMBS Life and General Insurance Cooperative, I whole- 60% heartedly congratulate you. May the Almighty Father bless you more for your future endeavors as you go forth. 50%

40% Mabuhay BARBAZA MULTI-PURPOSE COOPERATIVE! 30% 20% 10% FERMIN L. GONZALES 5%

0% President/CEO

S/D [6] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE

Republic of the Philippines COOPERATIVE DEVELOPMENT AUTHORITY Extension Offi ce Leganes, Iloilo

Warm greetings to the offi cers, members and management staff of Barbaza MPC as they celebrate their 53rd General Assembly on March 11, 2018 with a well – chosen theme, “Sustained Productivity through Eco-Tourism and Economic Enterprise”.

Likewise, I am very pleased that a multi-awarded billionaire cooperative in the region had reached and been a part of the cooperative movement for 53 long years collectively and deliberately providing services to the members and the community.

With your well-chosen theme, I fi rmly believe that it will serve as an inspiration to achieve more in performing social and moral responsibilities as, change agent in improving the quality life of all.

It is also very timely and appropriate as we face today’s socio-economic problems, especially poverty incidence in the country, which I am certain that Barbaza MPC has and will have a major role to play in eradicating poverty.

This is also in line with CDA mandate of promoting the growth and development of cooperatives as instrument of equity, social justice and economic development, our contribution in realizing the Poverty Alleviation Program of the Duterte Administration through cooperativism.

Hand –in-hand, let us join forces, live – up in the ideals of working together and continue instilling in the hearts and minds of your members the true meaning of service and mindset that poverty could be loosened or eradicated through cooperativism.

Again, congratulations and with passion and commitment, I fervently pray that your cooperative will sustainably help the members in improving their lives, and live a life with dignity and concern for other people and its environment.

Keep up the good work, more power and God bless.

ATTY. ARNEL D. AGRASADA Regional Director

LANDBANK OF THE PHILIPPINES Region VI -

Greetings to the Board of Directors, Offi cers, Staff and Members of Barbaza Multi-Purpose Cooperative (BMPC) on the occasion of your 53rd Annual General Assembly!

On LANDBANK’s 55th year anniversary, your Coop will be featured in our “Harvest of Heroes Book” together with our other clients as shown by your remarkable success in Cooperativism. Guided by your Vision, Mission and Core Values, BMPC is paving the way towards transforming and empowering the communities you are serving by practicing Cooperativism at its best. It is indeed a privilege to be your partner for 22 years in sustaining economic development and hoping to see you further lift the Eco-Tourism industry specifi cally in Barbaza, Antique.

As embodied in the theme of your assembly, “Sustained Productivity through Eco-Tourism and Economic Enterprise,” may you continue to support projects of small farmers, fi shers and agrarian reform benefi ciaries in your areas of coverage and uplift the lives of your other stakeholders. We are confi dent that you will continue to do your best and will further scale even greater heights towards excellence in the management of your cooperative.

We have seen your growth through the years, and we are proud of what you have become. LANDBANK will continue to be your solid partner in promoting and nurturing Cooperativism in pursuit of our common vision of growing the countryside.

Congratulations everyone, and keep up the good work.

VIVIAN M. CAÑONERO Assistant Vice President Head, Iloilo Lending Center 2017 ANNUAL REPORT [7] 100% 90%

80% NATCCO NETWORK 70% 60% 50% 40% 30% 20%

10% antique federation of cooperatives (afccui) 5% Funda, San Jose, Antique 0% S/D 100%

90% My warmest congratulations to the Barbaza Multi-Purpose Cooperative on its 53rd Annual General Assembly. Your

80% theme: “Sustained Productivity through Eco-Tourism and Economic Enterprise” signifi es your cooperative’s commitment and sincerity to sustain the gains you have achieved and to work more to be of service to the entire region. 70% 60% As a multi-awarded cooperative and a leading coop in Western Visayas, AFCCUI believed that Barbaza coop will 50% serve as potent vehicle in the promotion of coop principles and making us of people’s resources to attain economic and social 40% development. AFCCUI is so proud to be part of your growth and expansion. Your achievement is a result of the commitment

30% instilled to all the members to patronize the coop movement. 20%

10% As a chairman of the federation, I humbly salute to the offi cers and management staff for another year of fruitful operation, improving the organization and innovating more products and services that suites the needs of the members you 5% serve. 0% AFCCUI: Our Partner, Our Family, Our Life will continue to do well in providing quality and more responsive services

S/D to its members. 100% Mabuhay and more power to Barbaza MPC!!! 90% 80% 70%

60% NICK M. ABARIENTOS

50% BOD Chairperson 40% 30% 20% 10% 5% 0% S/D

100% Republic of the Philippines

90% Province of Antique 80% OFFICE OF THE GOVERNOR 70% 60% 50% 40% Kruhayy!! 30% Congratulations to all the offi cers and members of the Barbaza Multi-Purpose Cooperative! 20%

10% Indeed, BMPC is the foremost cooperative that is leading the Antiqueños towards productivity and progress through

5% cooperativism. It is an honor that you gave me a chance to partner with you building a better society here in our beloved province

0% of Antique.

S/D This year’s Annual Assembly’s theme runs parallel with the thrust of my administration – ecotourism and economic

100% enterprise. I am glad that we see the same picture of what we want our province to be and we are travelling the same road in

90% our quest for development. Rest assured that the provincial government will be there to assist you in your endeavour to uplift the lives of the Antiqueños. 80% 70% God bless all of you and mabuhay! 60% 50% 40% 30%

20% HON. RHODORA J. CADIAO 10% Governor 5% 0%

S/D [8] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE

Republic of the Philippines Province of Iloilo OFFICE OF THE GOVERNOR Iloilo City

My warmest greetings to all the members and stakeholders of Barbaza Multi-Purpose Cooperative (BMPC) on its 53rd Annual Assembly on March 11, 2018 with the theme “Sustained Productivity through Eco-Tourism and Economic Enterprise”.

I am glad to know that BMPC now has nine operating branches on the island of which include the Province of Iloilo. It is a clear manifestation of the growth of your cooperative.

I always believe that cooperatives are potent vehicles in the promotion of self-reliance and making use of people’s potential to reach economic and social development. Likewise, cooperatives are the potential partners of the government on its quest to fi ght poverty and unemployment in the country.

I hope you will continue to be of service not only to your members but also to those in need as part of your corporate social responsibility and remain true to your vow in building strong communities and a better nation.

Congratulations! Rest assured of my continued support to all your endeavors.

HON. ARTHUR D. DEFENSOR, SR. Governor

Republic of the Philippines Province of OFFICE OF THE GOVERNOR

One of the most recognized cooperative in Western Visayas is the Barbaza Multi-Purpose Cooperative (MPC) wherein 9 active branches are of service to its 68,824 members.

I am greatly privileged to join the Barbaza MPC in its 53rd Annual Assembly with the theme: “Sustained Productivity through Ecotourism and Economic Enterprise.”

As envisioned by the Barbaza MPC to be the most trusted cooperative with united and empowered members, it is with great honor that you have branched out in our beloved province.

Continue to serve the Aklanon community for the improvement of the daily lives of the members.

Good job and congratulations, Barbaza MPC!

HON. FLORENCIO T. MIRAFLORES Governor

2017 ANNUAL REPORT [9] 100% 90%

80% NATCCO NETWORK 70% 60% 50% 40% 30%

20% Republic of the Philippines

10% Province of Antique

5% MUNICIPALITY OF BARBAZA

0% Offi ce of the Municipal Mayor S/D 100% Congratulations! 90%

80% Rooted in this humble Municipality, it is truly our pride and honor to be part of your milestone, Barbaza Multi-Purpose

70% Cooperative (BMPC). 60%

50% Your theme “Sustained Productivity through Eco-Tourism and Economic Enterprise” is very timely to the need of our people and community. It is as well very opportune to the demands of time. Indeed, for its fi fty three (53) years of existence, 40% this institution has proven again and again to be one among the most invaluable partners of our people towards sustainability; 30% and one of this municipality’s pillars towards development. 20%

10% Long live BMPC. God bless. 5% 0% S/D

100% HON. GERRY C. NECOR 90% Municipal Mayor 80% 70% 60% 50%

40% Republic of the Philippines

30% Province of Antique

20% Municipality of San Jose de Buenavista

10% Offi ce of the Municipal Mayor 5% 0% S/D 100%

90% Cooperative Greetings to offi cers and members of Barbaza Multi-Purpose Cooperative, on the occasion of their 53rd Annual General Assembly. 80% 70% BMPC is one of the biggest, if not the biggest cooperative in the Region and hence it is able to have as much membership 60% as it can reach and services it can aff ord. I salute the offi cers and staff in having the benefi ts of the cooperative felt in our 50% numerous towns and barangays. 40%

30% As with other human endeavors, a cooperative is organized in response to a common felt need. While in the beginning

20% what people need is as simple as it gets, but through time the matter gets complicated and varied. It is in this regard that I

10% address myself to the offi cers of the cooperative association, to the best of our capabilities let’s respond also to other problems aff ecting our members and community at large. While our mandate is not of that of the Local Government Unit, we are not 5% limited by prohibitions aff ecting government instrumentalities, at least our actions are defi ned by the reach of our imagination 0% and our principles. S/D As I wish you a successful General Assembly, I pose a challenge as well. Harnessing the groundswell of community 100% values brought about by cooperativism, let’s address community issues and concerns that make our people still in the grip of

90% poverty and ignorance. 80%

70% Then, perhaps, Cooperatives are truly vehicles of development.

60% Thank you very much. 50% 40% 30% 20% 10% ENGR. ELMER C. UNTARAN 5%

0% Municipal Mayor

S/D [10] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE

NATCCO NETWORK barbaza multi-purpose cooperative Cubay, Barbaza, Antique

It is my great honor and pleasure to welcome and greet my fellow coop leaders and members in attendance to our 7th Representative Assembly and 53rd Anniversary.

As we get together to celebrate another successful year, let us look back with pride those challenging years, the ups and downs, triumphs and failures that we overcome in order to reach our cherished dream for our members and cooperative. From its humble beginnings in 1964, Barbaza MPC has grown to become the multi-awarded and successful institution in the entire region, served by its nine (9) branches operating various business enterprises, which benefi tted by not only its members and their families.

Indeed, Barbaza MPC through the committed offi cers, dedicated management and staff remained true to its vision and mission, guided by the Article 7 of RA 9520 to help improve quality of life of its members by addressing their need for a sustained and inclusive economic growth.

As we grow in membership, we take pride in reporting to you our positive impact in the huge increase of our assets and the possible venture in Agriculture and Eco-Tourism which will help boast livelihood for our marginalized members.

Now is it the time for you to be heard. Feel free to ask, suggest and never forget to commend affi rmative action.

Congratulations! Together let us build sustainable, productive cooperative community where everybody enjoys the fruit of our toil.

To God be the Glory! Mabuhay!

CORAZON C. TINGSON, CESE BOD Chairperson

NATCCO NETWORK barbaza multi-purpose cooperative Cubay, Barbaza, Antique

The fi scal year 2017 was considered excellent for Barbaza MPC for successive years of growth. The success marked by our Cooperative is due to the continuing trust of the members, committed offi cers and the consistent eff ort of our management and staff . Congratulations!

It is not only my honor but indeed with pride to report the operations of our cooperative ending December 31, 2017. In some points, our membership grown by 22% with total fi gures of 68,822 member-owners and increased in assets by 17% having a sum of Php 1.450 Billions. We expand our programs and services particularly the coop pharmacy, cable TV in the Municipality of San Remigio and various social services benefi ting our members and the community.

Consonance with our theme, sustainable Agriculture and organic vegetable production is the next focus of our cooperative on dynamic links to farm tourism, resort facilities, restaurant and Pasalubong stuff s. Thus, providing opportunity for agri-sector for value chain, healthy food for the community and tourism enterprises.

Let me once again convey my great satisfaction in serving the members and collaborating with the offi cers for their consistent availability to participate in numerous meetings and activities of our Cooperative.

I am confi dent that, inspired by the successes recorded in the previous years and guided by the principles of sound and prudent management, our staff will continue to provide their abilities, professionalism and energy towards making our cooperative an institution that promotes growth of its members’ assets. I therefore assure our members that, no matter the challenges or unexpected events that the coming year may bring, Barbaza MPC will remain deeply committed to its core mission of providing the members with excellent and varied serviceS and will take every opportunity to consolidate its assets and ensure growth.

Cooperatives truly do build a better world. God bless us all.

FELIMON M. ESPARES Chief Executive Offi cer 2017 ANNUAL REPORT [11] 100% 90%

80% NATCCO NETWORK 70%

60% 2017 BOARD OF DIRECTORS’ REPORT 50%

40% My warmest Congratulations to my fellow offi cers, management, staff and cooperators of Barbaza 30% MPC, for another year of commendable success in operation having gained a Net Surplus of Php 20% 93,868, 574 and an amazing accomplishment in good governance having been awarded by the Co- 10% operative Development Authority as ”The Most Outstanding Cooperative – Large Scale Category 5% (2nd Place). 0% As we celebrate our anniversary with the theme: “Sustained Productivity through Eco-Tourism

S/D and Economic Enterprise”, let us continue to support our cooperative’s programs and services that

100% will respond to the needs of communities and meaningfully contribute to the economic growth and

90% development of the members.

80% As your trusted leader and happily serving our cooperative, it is my honor and privilege to report to you

70% what we have and accomplished.

60% MEETINGS: CORAZON C. TINGSON 50% Regular - 12 Chairperson 40% Re-Organization - 1

30% Special - 1

20% Total - 14

10%

5% PORTFOLIO ASSIGNMENTS AND OFFICERSHIP WITH AFFILIATIONS

0% Dir. Corazon C. Tingson, CESE BOD Chairperson Networking and Linkaging S/D Dir. Nicolas M. Valentin BOD Vice Chairperson 100% EDCOM Chairperson 90% AFCCUI BOD Member 80% Dir. Evelyn C. Remo Board of Director, Gender and Development 70% Dir. Feliza B. Necesario Board of Director, Delinquency 60% Dir. Jessie Pido, Ph.D. Board of Director, Business Finance and Investment 50% Dir. Johnny Luces Board of Director, Agriculture 40% NICOLAS M. VALENTIN Dir. Ryan Alabado Board of Director, Youth 30% Vice Chairperson Mr. Felimon M. Espares Chief Executive Offi cer/General Manager 20% Chairperson, Coop NATCCO Partylist 10% Chairperson, Provincial Cooperative Development Council 5% Member, National Anti-Poverty Commision 0% Mr. Leonil Alabado Chief Operating Offi cers

S/D Ms. Mary Jane Baña Secretary, OIC Main Offi ce

100% Ms. Marlyn Necor Treasurer

90% COMMITTEES ORGANIZED AND OTHER APPOINTED OFFICERS

80% Provincial Representative

70% - Iloilo

60% Dr. Ervin A. Pegarido

50% Jerry Sevilla

40% Eugene Molina

30% EVELYN C. REMO Credit Committee 20% Director Mrs. Milagros Y. Garion – Chairperson

10% Gender and Development Ms. Teresa P. Maghari - Vice-Chairperson

5% Mrs. Cyrel Eve Espares – Secretary

0% Ethics Committee Mr. Ernesto M. Villaram – Chairperson S/D Mrs. Marjorie M. Ballenas - Vice-Chairperson 100% Mrs. Charlyn Mae L. Espanola - Member 90% Mediation and Conciliation Committee 80%

70% Ms. Ma. Wilnah B. Gindap – Chairperson 60% Mr. Teodoro M. Ballarta - Vice-Chairperson 50% Ms. Lydia A. Coronica - Secretary 40% Education Committee 30% FELIZA B. NECESARIO Dir. Nicolas M. Valentin - Chairperson 20% Director Mrs. Marivic C. Espares – Secretary 10% Delinquency 5% 0%

S/D [20] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE ACCOMPLISHMENT 1. Barbaza MPC was awarded by the CDA Gawad Parangal as the Most Outstanding Cooperative – Large Scale Category. 2. Offi cers, Management and Staff attended International, National Representations, Foreign Confer- ences and Seminars 3. Awarded by the Landbank as CCT distributor of 4Ps in the Whole Panay Area. 4. Director Evelyn C. Remo – Gender and Development in-charge organized GAD focal group, trained members on fl oriculture and urban gardening and conducted Orientation on Gender and Sensitivity Mainstreaming. 5. Director Fely Necesario, in charge of delinquency led in the fi ling of cases for eight (8) delinquent members of which one (1) has fully paid. JOHNNY LUCES 6. Director The Farmer’s Association headed by Director on Agriculture – Mr. Johnny Luces supported seven Agriculture (7) High School Scholars, conducted Tree Planting/Tree Growing, Dagyaw in Ipil, and has attended Study Tour in China. He prepared and submitted project proposals for the farmer’s group like “Goat Raising and Conducted Seminar on Hawaiian Ginger Production. 7. Kabarko, Barkadahan sa Kooperatiba was formed by Director Ryan Alabado where offi cers were elected from students of Barbaza NHS and St. Anthony’s High School. He conducted Summer Youth Camp, Fun Run, Zumba and Coastal Clean Up. The group initiated income generating projects participated in religious fi esta and supported the gift-giving in Brgy. Lumbuyan. Afl atoun Savers were activated and strengthened generating big amount of savings. 8. Laboratory Coop was successfully launched at Barbaza National High School. 9. Approved the branching in Janiuay and is waiting for operation to start. JESSIE PIDO 10. Ongoing construction of BMPC Resort and Restaurant at Punta Banwa, Barbaza. Director Business Finance & Investment 11. Approved the dividend rates of the ff ; a. Credit Division: Interest on Capital - 8% Patronage Refund - 9.18% b. Cable Division Interest on Capital - 7.3% Patronage Refund - 7.8% 12. Passed and approved the following resolutions:

2017 BOD RESOLUTIONS RYAN ALABADO A. Resolutions Concerning Good Governance Director Youth Res. Number Title 01-14-03, S. 2017 RESOLVED, to approve the plan and schedule of Representative Assembly: March 25, 2017 (Saturday). 01-14-04, S. 2017 RESOLVED, to send participants to NATCCO National Managers & Leaders congress – Jan 23-24, 2017. 01-14-06, S. 2017 RESOLVED, to authorize Chief Executive Offi cer/General Manager FELIMON M. ESPARES to renew any documents/ applications/contracts with the Movie and Television Review and Classifi cation Board (MTRCB). 01-14-07, S. 2017 RESOLVED, to authorize CEO Felimon M. Espares to claim vehicle insurance of Grandia with Standard Insurance. 02-12-11 , S. 2017 RESOLVED, to fi le foreclosure of real estate properties as collateral of members with delinquent accounts represented by CEO (6 pax for a start, a continuing resolution) 02-12-14, S. 2017 RESOLVED, to approve the holding of 2017 Representative Assembly and Ownership Meeting including all the activities and budget as presented. 03-11-19, S. 2017 RESOLVED, to designate BOD Chairperson Corazon C. Tingson as the authorized and the alternate representative as well as the voting delegate of Barbaza Multi-purpose Cooperative to the 12th AGA of the Western Visayas Alliance of Cooperatives (WVAC) to be held on March 31, 2017 at Iloilo. 03-11-20, S. 2017 RESOLVED, to approve the application of CATV Franchise for the town of Valderrama, Antique . 03-11-21, S. 2017 RESOLVED, to approve the additional land area and payment for Balasan Branch lot . 03-11-23, S. 2017 RESOLVED, to approve “Barbaza Coop Pharmacy” as business name of BMPC drugstore at , Antique. 04-10-24, S. 2017 RESOLVED, to confi rm the appointment of the standing committees and the staff focal persons. 04-10-25, S. 2017 RESOLVED, to send delegates to diff erent federation assemblies, designating the voting delegate/s and signifying support in case be voted upon. 04-10-26, S. 2017 RESOLVED, that BMPC be authorized to enter into transactions and contracts with PHILIPPINE LONG DISTANCE COMPANY (PLDT Inc.) and General Manager & CEO, Mr. Felimon M. Espares and Molo Branch OIC, Mrs. Michelle B. Magbanua be the authorized signatories. 04-10-28, S. 2017 RESOLVED, to confi rm the appointment of appointed committees (Ethics, Mediation and Conciliation, Credit and Education) , Secretary and Treasurer. 04-10-29, S. 2017 RESOLVED, to designate CEO, Mr. Felimon Espares as the authorized person to represent the cooperative in the bidding to be conducted by the LBP for CCT and to authenticate bid documents.

2017 ANNUAL REPORT [21] 100% 90%

80% NATCCO NETWORK 70% 60%

50% 04-10-30, S. 2017 RESOLVED, to enroll in metrobank direct-corporate and designating CEO, Mr. Felimon M. Espares and

40% Treasurer, Miss Marlyn Necor as the authorized signatories.

30% 04-10-33, S. 2017 RESOLVED to approve the coop show of force to oppose repeal coop tax exemption on April 29, 2017 . 04-10-34, S. 2017 RESOLVED, to approve the Pre patent titling of Balasan lot: To expedite processing of lot title, it should be in 20% the name of single person rather than juridical. 10% 04-10-36, S. 2017 RESOLVED, to send delegates to the 6th Regional Coop summit in Roxas City on April 19-20, 2017. 5% 04-10-37, S. 2017 RESOLVED, to approve the Provincial Coordinating Committee Qualifi cations and Functions for Iloilo and 0% Aklan. 05-14-41, S. 2017 RESOLVED, to send CEO Felimon Espares and BOD Chairperson Corazon Tingson to NCCB General S/D Assembly on June 3, 2017 at Cebu. CEO as the voting delegate. 100% 05-14-42, S. 2017 RESOLVED, to send GM & CEO Felimon Espares to One Coop Health Assembly on May 30, 2017 at Taguig.

90% 05-14-44, S. 2017 RESOLVED, to send delegates (10 staff ) to the AFCCUI Coop Staff Assembly on June 10-12, 2017 at Tagum

80% MPC, Davao.

70% 05-14-46, S. 2017 RESOLVED, to participate and become the Pilot Coop for the “Kaya” Payment Platform Program of NATCCO.

60% 05-14-48, S. 2017 RESOLVED, to approve the addendum in the Lending Policy on Re loaning as presented. 05-14-49, S. 2017 RESOLVED, to authorize the Branch Managers to recommend the members for PCC of Aklan and Iloilo areas. 50% 06-26-51, S. 2017 RESOLVED, to shoulder medical allowance HMO-One Coop Health premium of coordinators. 40% 06-26-53, S. 2017 RESOLVED, to appoint Mr. Ernesto Villaram, Ethics Committee Chair to be the Ethics Committee Member to 30% AFCCUI. 20% 06-26-54, S. 2017 RESOLVED, to appoint Ms. Ma. Wilnah Gindap, MCC Chair to be the MCC Member to FONUS .

10% 06-26-55, S. 2017 RESOLVED, to participate in the UA Bidding (Procurement of Internet Subscription). CEO Felimon Espares

5% as the authorized signatory.

0% 06-26-56, S. 2017 RESOLVED, to appoint CEO Espares to be the Audit Committee member representing BMPC to 1 Coop Health. S/D 06-26-59, S. 2017 RESOLVED, to approve the putting up of coop signage (BMPC Main) with LED lights in the facade.

100% 06-26-60, S. 2017 RESOLVED, to confi rm the staff regularization of Maureen Kristianne Villavert - Membership Development Specialist (Head Offi ce), Madelienne Cruz – Cable staff /Teller (Laua-an Area), Devine Grace Batayola – Loan 90% Account Specialist (Balasan Branch), Raff y Espanola – Loan Account Specialist (Molo Branch), Ann June 80% Rona Marquez – Teller ( Branch), Analyn Nambong – CAC Specialist (Head Offi ce) and Guisel Martinez 70% – Loan Account Specialist (Main Branch) eff ective June 1, 2017. 60% 06-26-63, S. 2017 RESOLVED, to appoint Balasan Branch BM Golda Ambid to represent the other lot in Balasan for pre-patent 50% titling.

40% 06-26-65, S. 2017 RESOLVED, to renew the LBP Credit line (same amount) and apply for CCT line based on the amount to be

30% awarded by LBP .

20% 06-26-66, S. 2017 RESOLVED, to approve the participation to P3 of the DTI .

10% 06-26-68, S. 2017 RESOLVED, to approve the Procurement Policy as included in the Internal Control Manual. 06-26-69, S. 2017 RESOLVED, to send delegate to the NATCCO Membership Meeting 5% 06-26-70, S. 2017 RESOLVED, to send delegate to the NATCCO/CCA Women’s Mentorship Program in Canada. 0% 06-26-71, S. 2017 RESOLVED, to send delegates to the NATCCO/ACCU ASIAN Credit Union Forum at Sri Lanka.

S/D 07-16-74, S. 2017 RESOLVED, to adopt 2-1-0 motto as Coop Policy . 07-16-76, S. 2017 RESOLVED, to confi rm the staff regularization of Jonesa Catamora – Loans Accounts Specialist (San Jose 100% Branch), Laurence Metoda – Teller (Sibalom Branch), Charity Lachica – Loans Account Specialist (Caticlan 90% Branch), Thea Annadette Espago – Loans Account Specialist (Barbaza Main) eff ective July 1, 2017. 80% 07-16-79, S. 2017 RESOLVED, to approve extra judicial foreclosure of the lots off ered as collateral of the delinquent member-

70% borrowers. LPQO Buena Jean Vecina to represent coop.

60% 07-16-83, S. 2017 RESOLVED, to request LBP for Point of Sale (POS) for BMPC Kalibo Branch use and to designate BOD

50% Chairperson Corazon Tingson as the MOA signatory .

40% 08-21-,84 S. 2017 RESOLVED, to amend BOD Resolution No. 19 series of 2016 (change of CISA signatories/authorized

30% representatives) due to staff movement. 08-21-85, S. 2017 RESOLVED, to approve the LBP Point Of Sale (POS) MOA and joining the LBP Electronic Payment Portal 20% with CEO Felimon Espares as the authorized signatory. 10% 08-21-87, S. 2017 RESOLVED, to approve the GAD Proposal as presented. 5% 09-16-91, S. 2017 RESOLVED, to confi rm the appointment of Provincial Coordinating Council Offi cers/Representative/s. 0% 10-22-99, S. 2017 RESOLVED, to approve the Janiuay Branch building – 3 story building of at least 220 SQM ground fl oor area. 10-22-102, S. 2017 RESOLVED, to approve to send delegates for and Cebu travel. S/D 10-22-103, S. 2017 RESOLVED, to approve to send delegates for China and Thailand travel. 100% 10-22-106, S. 2017 RESOLVED, to approve the change of signatory/ies to the Pawnshop MOA (payment services)

90% (Evelyn Remo changed to Corazon Tingson) due to change of BOD Chairmanship.

80% 11-18-110, S. 2017 RESOLVED, to send representatives to NATCCO Stabilization Assembly and ACCESS/NATCCO Overseas

70% Filipino Program Assessment in Manila.

60% 11-18-111, S. 2017 RESOLVED, to confi rm the staff regularization of Hubert Loquinario – Loans Account Specialist (Culasi Branch), Denver Vince Magtulis – Loans Account Specialist (Kalibo Branch), Vinna Balatongle – Loans 50% Account Specialist (Barotac Branch)eff ective November 1, 2017. 40% 11-18-112, S. 2017 RESOLVED, to approve the professional fee of Architect Harold Tating for the works of designing, signatory 30% and supervision of offi ce building construction in Janiuay – 4% of total project cost. 20% 11-18-113, S. 2017 RESOLVED, to approve the internal agreements among BMs/OIC’s on the loan underwritings lapses.

10% 12-16-116, S. 2017 RESOLVED, to confi rm the staff regularization of Jueligien Silva – CATV Service Specialist (San Jose Branch)

5% eff ective December 1, 2017 0%

S/D [22] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE B. Resolutions on Investments and Resource Generation 01-14-01, S. 2017 RESOLVED, to confi rm the off setting of security deposit and investment amounting to P 2,956,490.08 against subscription due of P 1,787,749.41, cable wire due of P 31,742.78, installation fee due of 38,708.66 and surcharges of P 1,098,289.23 . 01-14-02, S. 2017 RESOLVED, to approve the off setting and charging off of 1 year and up delinquent loan accounts as management tool. 02-12-08, S. 2017 RESOLVED, to purchase a brand new vehicle for Balasan –Budget not to exceed 1.3 Million. Source of Fund: CCT income. 02-12-09, S. 2017 RESOLVED, to purchase offi ce motorcycle for Barbaza and Caticlan Branch use – Budget not to exceed P60,000 each . 02-12-10, S. 2017 RESOLVED, to donate P150,000.00 for the construction of one (1) classroom in Culasi Central School . 02-12-12, S. 2017 RESOLVED, to approve the 2016 FS and rate of Dividends. 02-12-13, S. 2017 RESOLVED, to consider the 2017 Annual Budget including the 5% across the board increase of staff salary. 02-12-15, S. 2017 RESOLVED, to approve the loan application of Mrs. Joanah G. Combong of Lapaz, Iloilo and Dr. Jonah J. Tinong of Oton, Iloilo for the purchase of property and repair of house. 02-12-16, S. 2017 RESOLVED, to approve the renewal of loan of Ms. JB Myrrh Sta. Romana for the purchase of medical equipment for business. 03-11-22, S. 2017 RESOLVED, to deposit 2.0 Million with Cordova Catholic Cooperative School, Cordova, Cebu with interest rate of 10.3% per annum for a term of 1 year. 04-10-27, S. 2017 RESOLVED, to approve to open a Current Account with RCBC Sara Branch. CEO Espares, Treasurer Necor and BM Edwin Bautista as the signatories for depositing of Balasan and Barotac Viejo Branches. 04-10-32, S. 2017 RESOLVED, to approve the 2017 reimbursable expenses for offi cial travel of offi cers & staff . 04-10-35, S. 2017 RESOLVED, to approve the additional Time deposit to NCCB of short/several term (amortization type) but not to exceed December 15, 2017 with interest of 8% per annum with maximum amount of P 20M. 04-10-39, S. 2017 RESOLVED, to approve the staff across the board salary increase of 1 step increment retroactive January 2017. 05-14-40, S. 2017 RESOLVED, to approve the re loaning application of Ms. Ana Marie Genalyn Garcia same purpose of loan. 05-14-43, S. 2017 RESOLVED, to confi rm the hiring of External Auditor for CY 2017 – UHY M.L. Aguirre & Co. amounting to 170,000.00 (previous contract was 160,000). 05-14-47, S. 2017 RESOLVED, to approve the loan application of Ms. Thamar Restar with purpose as presented. 05-14-50, S. 2017 RESOLVED, to reactivate, close and transfer the remaining balance of Current Account No. 0772-1123-86 to Account No. 0771-0151-15 with Land Bank of the Philippines (LBP). 06-26-52, S. 2017 RESOLVED, to approve the renewal of Collateralized Loan of Mrs. Norma Abiera of San Jose for purchase of vehicle. 06-26-61, S. 2017 RESOLVED, to approve the new Management Organizational structure and appointing Leonil Alabado to be the probationary Chief Operation’s Offi cer (COO). To delete the position name “GM” and be changed to CEO. 06-26-62, S. 2017 RESOLVED, to approve the membership of CEO, COO, Branch Managers to NATCCO managers club with one time membership fee of P500.00 and annual dues of P500.00 for each member. 06-26-64, S. 2017 RESOLVED, to build a temporary staff house at coop Lot # 161 in Balasan for CENRO inspection. 06-26-67, S. 2017 RESOLVED, to approve the total body repair & painting of L300 van for CATV – 2006 model amounting to P135,000.00 and replacement of Pump Assembly of Ford Ranger amounting to P135,000 (parts – 127,000 and labor – 8,000.00) at Ford dealer & service center. 07-16-75, S. 2017 RESOLVED, to approve the Php10,000.00 fee for one (1) page coop advertisement, National Tripartite for coop development (souvenir program) . 07-16-77, S. 2017 RESOLVED, to approve the opening of LBP current accounts (2 accounts – downloading of funds for CCT and service fee income) with any two of the three signatories: CEO (alternate COO), Treasurer and Kalibo Branch Manager. 07-16-78, S. 2017 RESOLVED, to approve the purchase of 2 Lots (178 SQM and 179 SQM) with a total area of 357SQM for Janiuay branch @ 14,500.00 per square meter with total amount of P 5,176,500.00. 07-16-81, S. 2017 RESOLVED, to approve the BMPC Foundation Anniversary on July 20, 2017 – Bloodletting activity of all branches except Sibalom and providing budget per branch. 08-21-86, S. 2017 RESOLVED, to approve the new Internet Packages and the corresponding rates eff ective immediately. 08-21-89, S. 2017 RESOLVED, to request for LBP to reduce the interest rate of Short Term Loan Line for Coop’s Fund for Lending Activities. 09-16-90, S. 2017 RESOLVED, to approve the Amnesty Program (GRANT) Guaranteed Receivable Amnesty Program to take eff ect on Monday (September 18, 2017). 09-16-92, S. 2017 RESOLVED, to approve the 300k investment for COOP NATCCO Partylist from coop Community Development Fund. 09-16-94, S. 2017 RESOLVED, to approve the coop sponsorship of the school project of the 2017 Brigada Eskwela School Implementers of DepED. Each school winners will receive via cash the P30,000 incentive/reward to be liquidated as per proposed project . 10-22-95, S. 2017 RESOLVED, to approve the collateralized loan application of Mr. Romulus Magsipoc of Iloilo. 10-22-96, S. 2017 RESOLVED, to approve the collateralized loan of Mrs. Vicky Tan of Barbaza, Antique for purchase of lot. 10-22-97, S. 2017 RESOLVED, to Amendment of Resolution No. 92, s 2017. Additional Investment of P50,000.00 to CNPL (Coop NATCCO Partylist). 10-22-98, S. 2017 RESOLVED, to approve as per principle of mutual cooperation and as bargaining to BSP that NCCB need to infuse additional capital of at least 18 million before the end of October in order continue the privileges of the Bank. Barbaza MPC is identifi ed to provide additional capital of P 1.0 million.

2017 ANNUAL REPORT [23] 100% 90%

80% NATCCO NETWORK 70% 60% 10-22-100, S. 2017 RESOLVED, to approve the printing of 15,000 pcs coop calendar. 50% 10-22-101, S. 2017 RESOLVED, to approve the provision of Christmas gift (pack consisting salad and spaghetti). to members 40% with 50k up share capital (not delinquent on loans), estimated to 2,000 members @ 500.00. 30% 10-22-105, S. 2017 RESOLVED, to approve the additional 1M Investment to The Venue of AFCCUI. 20% 11-18-107, S. 2017 RESOLVED, to approve the loan application of Mr. Darius Honorario of San Jose, Antique for additional

10% business capital.

5% 11-18-108, S. 2017 RESOLVED, to approve the loan renewal of Mrs. Evita Yongque of , Barbaza, Antique for repair of

0% house and additional capital. 11-18-109, S. 2017 RESOLVED, to approve the loan application of Mrs. Sofi a Brudit of Yapo, Barbaza, Antique for business. S/D 12-16-117, S. 2017 RESOLVED, to approve the 2018 Raffl e Promo eff ective January 1, 2018 .

100% 12-16-118, S. 2017 RESOLVED, to approve the 2017 year-end bonuses and cash gift. 12-16-119, S. 2017 RESOLVED, to approve the loan application of Mrs. Lerma Javellosa of Sarah, Iloilo for business. 90% 12-16-120, S. 2017 RESOLVED, to approve the loan renewal of Mrs. Fatima Victoria Tamba for additional business capital. 80% 07-16-80, S. 2017 RESOLVED, to purchase second hand CATV vehicle for San Jose/ area with maximum budget of 70% P500,000 and brand new vehicle for Culasi branch for CCT pay-out. 60% 50% 40% C. Resolutions Concerning Social Responsibility, Community Development 30% 04-10-31, S. 2017 RESOLVED, to approve the resolution of Condolence and giving of mutual aid to the Family of the Late Mrs. 20% Maria M. Espartero, former BOD Member. 10% 06-26-57, S. 2017 RESOLVED, to approve the resolution of Condolence and giving of mutual aid to the Family of the Late

5% Emmanuel Esparar, former BOD Member.

0% 06-26-58, S. 2017 RESOLVED, to approve guyabano as the coop fruit tree. 08-21-86, S. 2017 RESOLVED, to give death aid to staff , offi cers and coordinators and its immediate family as presented. S/D 100%

90% D. Other Recommendations 80% 01-14-05, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 24 members amounting to P297,940.95

70% 02-12-17, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 20 members amounting to P409,837.32

60% 03-11-18, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 32 members amounting to P437,319.14

50% 04-10-38, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 7 members amounting to P93,245.81

40% 05-14-45, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 12 members amounting to P185,132.37

30% 06-26-72, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 16 members amounting to P292,504.56 08-21-73, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 18 members amounting to P57,735.79 20% 07-16-82, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 8 members amounting to P133,782.58 10% 09-16-93, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 13 members amounting to P139,306.07 5% 10-22-104, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 2 members amounting to P2,876.47

0% 11-18-114, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 3 members amounting to P16,858.22 12-16-121, S. 2017 RESOLVED, to confi rm the sale and transfer of shares of 10 members amounting to P39,084.65 S/D 100% 90%

80% Indeed, 2017 was a fruitful year for all of us. Thank you for trusting us to be your leaders. Looking forward to more meaningful and 70% productive years ahead. God Speed. 60% 50% 40% 30%

20% (Sgd.) CORAZON C. TINGSON, CESE

10% Chairperson 5% 0% (Sgd.) NICOLAS M. VALENTIN (Sgd.) JOHNNY LUCES (Sgd.) RYAN ALABADO

S/D Vice Chairperson Director Director 100%

90% (Sgd.) EVELYN C. REMO (Sgd.) FELIZA B. NECESARIO (Sgd.) JESSIE PIDO, Ph.D.

80% Director Director Director 70% 60% 50% 40% 30% 20% 10% 5% 0%

S/D [24] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE AUDIT COMMITTEE REPORT The existing excellent services of BARBAZA MPC have touched the lives of all members and the community. Congratulations to the CEO, BOD , offi cers, staff , members and community and to all who contributed to its success. The Audit Committee has a primary responsibility to perform internal audit function, maintains complete records for its examinations and may recommend external auditor. It is also responsible in reviewing policies; submit audit report (fi ndings and recommendations) to the Board of Directors monthly meeting. The committee had twelve regular meetings conducted in a year which scheduled every fi rst Friday of the month and also attended twelve regular BOD meetings. Visited diff erent branches and checked cash disbursement vouchers (CDV), deposit slips, withdrawal slips, petty cash, cash advances, cash position report, WESU transactions, collectibles, attendance/ punctuality of employees, DOSRI accounts, and cash counting and relayed concerns and feedbacks from members to the board of Directors and management for them to take actions. The committee have come up with the following fi ndings and recommendations: BERNARD BEN T. BALLENAS FINDINGS RECOMMENDATIONS ACTION TAKEN Chairman 1. All records were fi led Comply and maintain in line with properly with supporting Maintain proper fi ling. offi ce 5S. documents

2. Offi ces were organized Maintain the well-organized Comply and maintain in line with with proper decorations. offi ce set-up. offi ce 5S.

3. Vouchers and Receipt were Old fi les aging 10 years and up were Comply and maintain in line with placed in the fl oor because recommended for disposal. offi ce 5S. cabinets were already full.

4. School and government JACOBINA R. ALABADO No interest was been approved and agencies were charged with If possible no interest will be Vice Chairman applied to all schools low interest for internet charge in all government agencies. And government agencies. connectiont

5. Habitual tardiness of staff Implement the appropriate sanction Implementation of policy that ad- in reporting to their respec- as stated in the Policy Manual as dressed tardiness. tive offi ce. of July 2013.

6. CDV, O.R. withdrawal As much as possible all documents slips and deposits slips stated should be properly signed Implementation of penalties for every were not signed by the before fi ling. fi ndings in relation to underwritings. authorized signatories. Proposed and approved to and by the 7. Recommended for the COLISAP benefi ts were increased MEME B. MADEJA Representative Assembly increase of COLISAP from Php 30, 000 to Php 40, 000 Secretary benefi ts. and Php 50, 000 to Php 60, 000.00

8. Member borrower who availed of productive loan On-going training conducted to assist Provide technical assistance was not provided with borrowers. to members who availed Technical Assistance which productive loans. sometimes resulted to delinquency.

9. Member’s glamour to Installation of digital numbering Installed and implemented. observe the fi rst come fi rst for the transacting members to serves policy. serve them orderly.

Attendance to trainings/ seminars, forum and coop activities: • Attended the NATCCO Leader’s Congress and Assembly in Quezon City on May 25-27, 2017. • The audit committee Chairman received an award for the fi rst BOD youth of NATCCO. • Attended the VICTO National Convention on May 2017 at Bohol. • Attended ownership meeting, District Assembly in Caticlan, Sibalom, Culasi and Barbaza. • Attended Coop Month celebration in Sibalom, Antique. • Attended the Orientation on Governance and Management Audit Report on January 27, 2018 at San Jose, Antique. Congratulations to all members of Barbaza Multi-Purpose Cooperative on its 7th Representative Assembly.

(Sgd.) BERNARD BEN BALLENAS (Sgd.) JACOBINA ALABADO (Sgd.) MEME MADEJA Chairman Vice-Chairman Secretary

2017 ANNUAL REPORT [25] 100% 90%

80% NATCCO NETWORK 70%

60% ELECTION COMMITTEE REPORT 50%

40% The Election Committee has been grateful to be a part and parcel of the continued success of the Barbaza 30% Multi-Purpose Cooperative. Congratulations for another fruitful year to our co-operators, members, offi cers 20%

10% and staff .

5% The Election Committee shall promulgate and implement election guidelines duly approved by the

0% General Assembly, canvass and certify the results of the election; proclaim the winning candidates and

S/D decide on all election-related cases. The Election Committee has reviewed the election code and guidelines and recommended proposals 100% for amendments during the Representative Assembly. 90%

80% The Election Committee was also thankful to the BMPC for giving us the opportunity to attend coop

70% activities, seminars and trainings to capacitate and enhance skills and abilities of every offi cers, staff and

60% coordinators. ARTHUR M. ESPARES 50% Chairman The Election Committee facilitated the election during the 2017 Representative Assembly . Out of 269 40% representatives, 268 voted and there is one unused ballots. 30% 20%

10% Board of Directors Votes Term of Offi ce Remarks 5% 1. Necesario, Feliza 137 2 years Elected 0%

S/D 2. Luces, Johnny 132 2 years Elected

100% 3. Pido, Jessie 104 2 years Elected 90% 4. Ballarta, Teodoro 102 Not Elected 80% PONCIANA B. VEGAFRIA 70% Gindap, Ma. Wilnah 101 Not Elected Vice Chairman 5. 60% 6. Luena, Rex 65 Not Elected 50%

40% 7. Juanites, Judith 57 Not Elected 30%

20% 8. Sembran, Salvador 45 Not Elected

10% Board of Director(Youth) 5%

0% 1. Alabado, Ryan 161 2 years Elected

S/D 2. Ballenas, Socorro Carmen 98 Not Elected

100% MARY ROSE E. GRAJO Audit Committee

90% Secretary

80% 1. Ballenas, Bernard Ben 163 2 years Elected

70% 2. Ballenas, Marjorie 52 Not Elected 60%

50% 3. Semillano, Joemar 47 Not Elected

40% Election Committee 30%

20% 1. Vegafria, Ponciana 122 2 years Elected 10% 2. Marcelino, Rommel 65 Not Elected 5%

0% 3. Ybera, Helen 41 Not Elected

S/D 4. Maghari, Oscar 36 Not Elected 100%

90% Verifi ed the lists of MIGS and segmentized members and who are qualifi ed to run for an elective

80% positions. 70% The Elecom has fi nalized its election timeline. 60% It is our pride to serve sincerely the BMPC, its members and co-operators and continue to encourage 50% others to be a part of this cooperative. 40%

30% God Speed!!!! 20%

10% (Sgd.)ARTHUR M. ESPARES (Sgd.)PONCIANA VEGAFRIA (Sgd.)MARY ROSE E. GRAJO

5% Chairman Vice-Chairman Secretary 0%

S/D [26] 2017 ANNUAL REPORT 5% 4% 3% 2% K BARBAZA MULTI-PURPOSE COOPERATIVE EDUCATION COMMITTEE REPORT Barbaza Multi – Purpose Cooperative passed another year full of achievements and success. The education committee would want to convey its heartfelt congratulations to the Board of Directors, and Committee Offi cers, for their diligent eff orts and contributions.

To the management and staff for the continuous and steady development of performance, engagement, teamwork, and drive for operational excellence and accountability for results. The education committee wish to thank all employees for embracing Barbaza MPC, helping build a great Cooperative fi t for the demands of all the members and delivering service that matter to people in the community.

The following data presents the accomplishment of the Education Committee:

1. For the year 2017, all branches have conducted a total of 361 Pre Membership Education Seminars, 12 Ownership Meetings, 22 Membership Education Seminars, and 30 District Assemblies. DIR. NICOLAS M. BRANCH PMES OM MES DA VALENTIN BARBAZA 25 2 7 7 Chairman CULASI 39 1 2 3 SIBALOM 40 2 2 3 SAN JOSE 43 1 2 7 BALASAN 53 2 2 2 BAROTAC VIEJO 31 1 2 2 CATICLAN 46 1 3 3 MOLO 45 1 1 2 KALIBO 39 1 1 1 TOTAL 361 12 22 30 MARIVIC ESPARES Secretary 2. Conducted eight (8) regular meeting every fi rst Saturday of the Month at Barbaza Branch Conference Hall. 3. Conducted 4 quarterly meeting every fi rst Saturday of the last month of every quarter. a. First Quarterly Meeting – Culasi, Antique b. Second Quarterly Meeting – Kalibo, Aklan c. Third Quarterly Meeting – Barbaza, Antique d. Fourth Quarterly Meeting – Barotac Viejo, Iloilo 4. Participated during the Madia – as Festival Parade. 5. Prepared schedules of membership meetings with assigned offi cers. 6. Participated in Representative Assembly, Ownership Meetings, Membership Education Seminars and District Assemblies. 7. Participated in the Cooperative Month Celebration 2018. 8. Attended the Year End Assessment and Planning and Christmas Party. 9. Organized the “Search for Outstanding Coordinator 2017” and raised a total of Php 76, 093. A total of Php 53, 265.10 was utilized for various community outreach activity. 10. Participated in the following cooperative activities and gatherings: a. Cooperative Month Celebration 2017. b. 6th Western Visayas Regional Cooperative Summit, April 19-21, 2017 c. Antique Federation of Credit Cooperative Union Incorporated General Assembly, May 13, 2017 d. NATCCO 15th Coop Leader’s Congress and 40th Annual General Assembly, May 25-27, 2017

As we commence 2017, the education committee would like to express its utmost gratitude for all the opportunities for innovation and improvements.

CONGRATULATIONS BMPC on the celebration of the 7th Representative Assembly, with a theme “Sustained Productivity through Eco-Tourism and Economic Enterprise”.

Long Live!

(Sgd.) MARIVIC ESPARES (Sgd.) NICOLAS VALENTIN Secretary Chairperson

2017 ANNUAL REPORT [27] 100% 90%

80% NATCCO NETWORK 70% 60%

50% 2017 TRAININGS AND SEMINARS ATTENDED

40% Trainings and Seminars Attended

30% Date Title/Event Participants Venue Facilitator

20% Leonil Alabado, Rey Tocoyo, Golda

10% Ambid, Edwin Sanchez, Felimon Eastwood Richmonde January 23 - 24, 2017 National Managers and Leader's Congress Espares, Feliza Necesario, Ma. Wilnah Hotel, Eastwood Quezon NATCCO 5% Gindap, Arthur Espares, Corazon City 0% Tingson Cooperative Assurance Center Officers and Coop Michelle Magbanua, Feliza Amor

S/D January 27-28, 2017 O'Hotel City CLIMBS Manager's Conference Alavata, Analyn Nambong

100% DOLE, Employees Orientation on Family Welfare Programs, Employee's Compensation

90% AXML, New Capitol San February 14, 2017 Compensation Programs, and Occupational Safety and Patrick Quidor Commission, Jose Antique 80% Health Occupational Safety and

70% Health Center ILOILO GRAND 60% March 4, 2017 Annual Regional Assembly Meeting (ARAM) Felimon Espares, Feliza Necesario VICTO NATIONAL HOTEL 50% Felimon Espares, Leonil Alabado, 40% Maureen Kristianne Villavert, Dexter

30% Regional Programme on Remitances and Diaspora Samillano, Cheryl Marie Hernaez, Barbaza MPC Molo Edwin Peraz (NATCCO, March 15, 2017 20% Investment for Rural Development Jerbert Jumagbas, Peter Nambong, Branch Office ACCESS, IFAD)

10% Donna Rose Anzon, Charity Lachica, Ryan Janaysay, Hazel Sacramento 5%

0% Felimon Espares, Jogin Autajay, Nolan Imbang, Roland Samsona, Aran Dale S/D April 6, 2017 PCTA CONVENTION Ogatis, Marlyn Necor, Nicolas Iloilo City PCTA

100% Valentin, Bernard Ben Ballenas, Feliza Necesario, Ronilo Bayola 90%

80% Nicolas Valentin, Johnny Luces, Feliza Necesario, Bernard Ben Ballenas, 70% Arthur Espares, Charlyn Mae

60% Circulo Convention Espanola, Marivic Espares, Ma. April 19-21, 2017 6th Western Visayas Regional Cooperative Summit Center, Pueblo de Panay, WVAC 50% Wilnah Gindap, Cyrel Eve Espares, Lawaan, Roxas City

40% Felimon Espares, Glenn Arguelles, Lean Lisay, Golda Ambid, Edwin 30% Bautista, Peter Zaldivar 20% Johnny Luces, Feliza Necesario, Ryan Sarabia Manor Hotel, 10% April 8, 2017 CISP GENERAL ASSEMBLY CISP Alabado Iloilo 5% Arthur Espares, Bernard Ben Ballenas,

0% SMX Convention Center, April 22-23, 2017 CLIMBS 45th Annual General Assembly Feliza Necesario, Teodoro Ballarta, CLIMBS Lanang, Davao City Eda Loquias, Analyn Nambong S/D

100% Corazon Tingson, Nicolas Valentin, Evelyn Remo, Feliza Necesario, Jessie 90% Pido, Johnny Luces, Bernard Ben 80% Ballenas, Arthur Espares, Ponciana

70% Antique Federation of Credit Cooperative Union Vegafria, Mary Rose Grajo, Teresa The Venue, San Jose May 13, 2017 AFFCUI

60% Incorporated General Assembly Maghari, Cyrel Eve Espares, Marjorie Antique Ballenas, Ma. Wilnah Gindap, Lydia 50% Coronica, Marivic Espares, Rev. 40% Marcelino Rommel, Felimon Espares,

30% Rey Tocoyo 20% Alta Bohol Garden

10% Philippine Cooperative Central Fund Federation 19th May 17, 2017 Johnny Luces Resort and Convention PCF General Assembly 5% Center, Baclayon, Bohol

0% Cyril Eve Espares, Milagros Garion, Marjorie Ballenas, Lydia Coroniza, S/D VICTO 47th Annual General Meeting and National Meme Madeja, Charlyn Mae Espanola, May 20-21, 2017 Bellevue Resort, Bohol VICTO

100% Convention Mary Jane Bana, Nelsy Magabilin, Redemption Galvez, Liza De Juan, 90% Johnny Luces 80% Raja Hall Legend Villas, May 24-25, 2017 NATCCO YOUTH FORUM Madonna Baccay, Ryan Alabado NATCCO 70% Mandaluyong

60% Bernard Ben Ballenas, Evelyn Remo, 50% Corazon Tingson, Jessie Pido, Nicolas

40% Valentin, Ryan Alabado, Felimon

30% Espares, Teresa Maghari, Marivic NATCCO 15th Coop Leader's Congress and 40th Crowne Plaza Manila May 25-27, 2017 Espares, Jacobina Alabado, Marlyn NATCCO 20% Annual General Assembly Galleria, Ortigas Pasig Necor, Ma. Wilnah Gindap, Mary Rose 10% Grajo, Ponciana Vegafria, Madonna

5% Baccay, Marie Nell Tejares, Sheryl Mae Bangcaya 0% Wilmar Samsona, Daniza Joy Sareno, S/D [28] 2017 ANNUAL REPORT Dexter Samillano, Liezl Marianne Orquia, Caroline Berico, Milavic Homitori Hotel, Davao 5% 4% 3% 2% June 10 - 12, 2017 8th AFCCUI STAFF ASSEMBLY AFCCUI K Mondejar, Charity Lachica, Michelle City Magbanua, Liza De Juan, Guisel Martinez GAP (Good Agricultural Practices) on Vegetable Municipal Conference June 15, 2017 Paul Philip Tolentino DAR, DA, DENR Production Hall, Barbaza Antique AML/CFT Training Workshop for Money Service Laurence Metoda, Madeliene Cruz, Richmonde Hotel Iloilo, June 19-20, 2017 BSP, AMLC, ADB Businesses Vinna Balatogle Iloilo City