Credit cooperative

Question 1

membered owned financial institution that provide accessible banking services and empower local communities

Answer 1

Credit cooperatives

Question 2

Cooperative Principles and Values

Answer 2

*Voluntary and Open
Membership
*Democratic Member
Control
*Member Economic
Participation

Question 3

Cooperatives are open to all people who are willing to accept the responsibilities of membership.

Answer 3

Voluntary and Open Membership

Question 4

Cooperatives are democratically controlled by their members, who actively participate in setting policies and making decisions.

Answer 4

Democratic Member
Control

Question 5

Members contribute equitably to the capital of their cooperative and democratically control it.

Answer 5

Member Economic Participation

Question 6

History and Evolution of Credit Cooperatives in the Philippines
: trace their roots back to the 1950s, when they were established to provide affordable financial services to underserved communities

Answer 6

Credit cooperatives in the Philippines

Question 7

History and Evolution of Credit Cooperatives in the Philippines
: Through the ——-and ——- the cooperative movement expanded, with
the government actively promoting the establishment of credit
cooperatives nationwide.

Answer 7

1970s
1980s

Question 8

History and Evolution of Credit Cooperatives in the Philippines
: ———— In recent decades, credit cooperatives have embraced digital technologies and diversified their services to better meet the evolving
needs of their members.

Answer 8

Modernization and Innovation

Question 9

Organizational Structure and Governance of Credit Cooperatives:
Credit cooperatives are owned and governed by their members, who elect a board of directors to oversee the cooperative’s operations.

Answer 9

Member-Owned and Controlled

Question 10

Organizational Structure and Governance of Credit Cooperatives:
Credit cooperatives prioritize transparency and accountability to
their members, regularly reporting on the cooperative’s financial
health and activities.

Answer 10

Transparency and Accountability

Question 11

Organizational Structure and Governance of Credit Cooperatives:
Major decisions are made through a democratic process, with each member having an equal voice and vote.

Answer 11

Democratic Decision-Making

Question 12

Organizational Structure and Governance of Credit Cooperatives:
Cooperatives employ skilled managers and staff to handle day
to-day operations and ensure efficient service delivery to
members

Answer 12

Professional Management

Question 13

Savings and Credit Services Offered by Credit Cooperatives:

Answer 13

Savings Accounts
insurance services
loan facilities
money transfer

Question 14

impact and Benefits of Credit cooperatives to Members

Answer 14

Financial inclusion
wealth building
community development
empowerment

Question 15

challenges and opportunities facing credit cooperatives

Cooperatives must navigate the
transition to digital banking and
fintech solutions to remain
competitive and accessible

Answer 15

Technology Adoption

Question 16

challenges and opportunities facing credit cooperatives

Navigating a complex regulatory
landscape and maintaining
compliance are ongoing challenges for
credit cooperatives

Answer 16

Regulatory Environment

Question 17

challenges and opportunities facing credit cooperatives

Cooperatives must continuously
engage and empower their members to
ensure active participation and shared
ownership.

Answer 17

Member Engagement

Question 18

future of credit cooperatives in the ph

Answer 18

expanding financial inclusion
tecnological innovation
strengthening government
cooperative ecosystem

Question 19

sources of funds for cooperatives

Answer 19

members contribution
government assistance
private partnerships

Question 20

The primary source of
capital for cooperatives

Answer 20

member contibution

Question 21

support programs offered by the government

Answer 21

government assistance

Question 22

Cooperatives seek may investments and loans from private institutions, tapping into the broader ecosystem.

Answer 22

Private partnership

Question 23

overview of the Philippine Cooperatives program

Answer 23

cooperative promotion
regulatory framework
capacity building

Question 24

The Philippine government actively promotes the establishment and
and growth of cooperatives across various sectors.

Answer 24

Cooperative Promotion

Question 25

A comprehensive legal and regulatory environment ensures the proper
proper governance and operations of cooperatives

Answer 25

Regulatory Framework

Question 26

Training programs and technical assistance help cooperatives develop their
develop their management and operational capabilities

Answer 26

Capacity Building

Question 27

types of cooperative in the ph

Answer 27

agricultural
consumers
credit and savings
housing

Question 28

Cooperatives that focus on production, processing, and marketing of
marketing of agricultural products.

Answer 28

Agricultural

Question 29

Cooperatives that unite consumers to collectively purchase goods and
goods and services at better prices.

Answer 29

Consumers

Question 30

Cooperatives that provide financial services, including loans, deposit
taking, and insurance.

Answer 30

Credit and Savings

Question 31

Cooperatives that develop and manage affordable housing projects for
projects for their members.

Answer 31

housing

Question 32

Cooperative Principles and Values

Answer 32

solidarity
democracy
equity
sustainability

Question 33

role of cooperative development authority (CDA)

Answer 33

Regulation and registration
capacity building
policy development

Question 34

Challenges and Opportunities for
Philippine Cooperatives

Answer 34

Access to Capital
Capital building
marketing linkages

Question 35

Strategies for Sustainable Cooperative Development

Answer 35

Diversification
Technology adoption
Strategic partnerships