Press Releases
Mariveles Bagmakers Coop Reap DOLE RO3’s Livelihood Assistance

 

City of Balanga – The Mariveles Bagmakers Multipurpose Cooperative, Inc. since its inception in 2006, a duly registered organization with the Cooperative Development Authority (CDA), and later on with the Department of Labor and Employment (DOLE) as a Rural Workers Association (RWA), has come a very long way.
 
The cooperative then, composing mostly of displaced skilled sewers from companies located at the Authority of the Freeport Area of Bataan or A-FAB (then called Bataan Economic Zone or BEZ), put up their own bag-making businesses right after being retrenched from their employers. Their products include back packs and school bags.
 
Seeing the potential of the industry, the local government of Mariveles, through the leadership of the municipal mayor, supported the displaced bagmakers and assisted them by organizing them into a cooperative sometime of February 2006.
 
In 2009, to level-up the operations of the cooperative, the DOLE Regional Office 3 provided them a livelihood assistance amounting to some Php. 400,000.00 under the DOLE Integrated Livelihood Program (DILP) which saw its membership increasing from thirty (30) to sixty nine (69). Members consisted of displaced workers and those who are disqualified in wage employment due to their age.
 
The operation of the cooperative is mainly through the provision of bag materials and accessories to all its members through loan at a reasonable rate of two (2) percent per month. With this arrangement, members can produce bags without expending their own cash. Members are now able to manage their own livelihood right at their own homes.
 
As far as financial conditions are concern, the Mariveles Bagmakers’ total assets in 2010 reached Php. 1,101,238.14, representing a 48 percent growth from the previous year of Php. 742,243.83.
Meanwhile, the cooperative’s total equity was registered at Php. 832,271.69 compared to 2009’s Php. 639,909.55. Sales revenue in bag trading in 2010 was recorded at Php. 2,799,371.50 with total gross revenue from sales of Php 641,287.22. Total gross revenue in 2010 from credit operations on the other hand was registered at Php. 97,635.26.
 
A remarkable feat in 2010 is the cooperative’s net profit. For the period in review, the cooperative recorded a total Php. 379,081.04, an astounding 5,200 percent increase from 2009’s recorded Php. 7,143.49. Because of this, almost Php. 300,000.00 in total dividends was distributed to all of its members.
 
The success of the cooperative is attributed to the members’ cooperation and solid marketing strategy by active participation in joining trade fairs and other similar trade-related activities in promoting their products. Moreover, the cooperative exhibited their products in different malls all over the country and have penetrated the overseas market such as Hong Kong and Singapore.
 
The cooperative was recognized for its valued efforts in achieving great success as it was awarded by the Department of Trade and Industry (DTI) at the Best one Town One Product (OTOP) in Bataan last 2010.
 
Through the DOLE’s livelihood assistance program, members now enjoy the fruits of their hard worked labor of love. (Carlito Agbing, Jerry Borja-DOLE RO3 LCO)
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2011-03-28
RAY AGRAVANTE
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