Mainstreaming financial services perspectives of operating cooperatives in Cavite / Aurora DC. Santarin.

An UFRO funded research.

The study determined the financial condition of the cooperatives in the province of Cavite, highlighting the financial services offered to their members and non-members. The evaluation results of the managers of the operating cooperatives were used to assess the effectiveness of the respondents' cooperatives. The total number of respondents was 1,028. The effect of the independent variables on the dependent variables (growth and net surplus) was analyzed by using cross tabulation and Pearson's Rho (R) or Correlation Coefficient analysis. The COOP-PESOS was used to assess the performances of the respondents' cooperatives. Findings revealed that the relationship between the growth of assets and net surplus of the operating cooperatives to the different variables was not significant, except the number of years in operation, membership, and financial variables which have significant effect. The assessment on COOP-PESOS performance revealed that majority of the respondent cooperatives got very good (96-100%) rating in compliance to administrative and legal requirements except on the organizational structure, linkages, operation and management which revealed a poor (70-70%) performance rating. The financial performance categories on portfolio quality, efficiency, stability, operations and structure of assets revealed that most of the respondent cooperatives got a very poor (below 70%) performance rating.