Empowering Communities: The Inspiring Journey of Sto. Rosario Credit and Development Cooperative, Inc.

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Sto. Rosario Credit and Development Cooperative Building

The Cooperative for Credit and Development in Rosario (SRCDC). It has been assisting the community in Malolos City, Rosario for the previous 54 years, Bulacan. SRCDC was established in May 1969. It has expanded from a tiny cooperative that started with the capital of P741 to a flourishing group with more than 20,000 participants and resources totaling P400 million. In the course of its existence, SRCDC has been committed to offering support and financial services to their people. People from various backgrounds, such as fishermen, participate in the market merchants, experts, farmers, learners, workers, independent contractors, entrepreneurs, and Filipino employees working abroad.

History

Initially, a group of men from Sabitan St., Sto. Rosario, Malolos City, conceived the SRCDC. Sabitan Cooperative Credit Union was founded with the help and cooperation of San Dionisio Credit Cooperative in Paranaque, Rizal. The cooperative was first formally registered as Sto. Rosario Cooperative, Inc. in 1975. To reflect its expanding range of services beyond lending, the cooperative changed its name to Sto. Rosario Credit and Development Cooperative (SRCDC) in 2002.

Service Provided

Members of SRCDC have access to a variety of credit facilities, such as home loans, commodities loans, character loans, regular loans, and special loans. These loan alternatives meet the members' varied financial needs by giving them access to money for things like housing, healthcare, education, and company expansion. By managing a quick turnover of money and sharing income from its yearly operations, SRCDC guarantees equitable returns to its members.

In addition to providing credit services, SRCDC prioritizes streamlining internal processes and increasing productivity. The cooperative is in the midst of setting up online systems to connect its head office with its extension offices or branches. It has also installed photo scanners and signature verifiers, as well as implemented a local area networking computerization program. Thanks to these technical developments, SRCDC is able to improve member service and streamline operations.

Range of Service

SRCDC offers a wide range of services to cater to the diverse needs of its members. The majority of its services revolve around credit, with various types of loans available, including Regular, Special, Commodity, Character, Rice, LPG, Short-term Special, Memorial Lot Loan, Housing, and Lot Loan. Additionally, SRCDC generates income through office space rentals.

In addition to financial services, SRCDC also provides minor services such as the Alalay sa Kalusugan Program, Abuluyan sa Koop, Scholarship, and Medical Services. The cooperative has also ventured into real estate development with the establishment of SRCDC Heights Subdivision.

Programs for Community-Based Development

A cooperative with a significant emphasis on community development, SRCDC offers services beyond financing. The cooperative launches several programs to raise member opportunities for livelihood, promote wellness and health, and enhance member education. By ensuring that individuals have opportunities for both professional and personal growth, these initiatives improve the general well-being and sense of empowerment throughout the community.