BCCSF, a success story in the making

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By Benny Balweg

Snapshot Focus

Friday, July 18, 2014


SLOWLY but surely. That is the short story traced by the Baguio City Credit Cooperative on how it came to emplace itself the city that bears its name.

The proof of the fulfillment of its mission has very symbolically started.

The first recipient of a loaned amount it has covered is the Baguio's Finest Credit Cooperative, a purely service cooperative. The lending bank is the Land Bank. On deck to receive is the BARP Foundation, Inc., with the BARP Multi-Purpose Cooperative and on the hall is the WASDENSUMYA Credit Cooperative, or vice versa.

But, don't be misled, for short may be the story but it took a longer time for that story to shape up, especially for hearers and readers whose mentality has been molded by thoughts of the instant, like instant coffee and instant noodles. There were also the kibitzers who strew the pathway with sticky gravels of the wait-and-see attitude not to speak of outright blocking rocks thrown in by counter-interest groups.

Fortunately, however, since that historic night at a prime function hall of the Baguio Country Club, over a year ago when the overture for the BCCSF program was formally led by no less than credible representatives of the Bangko Sentral ng Pilipinas, there were believers , who soon became firm adherents to the BCCSF's vision, mission and goals. They could accept calculated risks but the word fail or failure was not in their vocabulary.

Their eyes were set on the rewarding experience of making good things to happen instead of waiting for such things to happen. Foremost and foremost of them was Professor Federico A. Balanag, the President/CEO of the BARP Foundation, Inc. and currently then the Chairman of the BARP Multi-Purpose Cooperative, a cooperative duly registered and in good standing with the Cooperative Development Authority (CDA) of the Philippines. His credibility must have stemmed from his long and still strong stint in the successful Blessed Association of Retired Persons Foundation, Inc., but , of course, it was the partnered confidence in and final nod of the City Government of Baguio and the Department of Social Welfare and Development to the CSF goals and projects that assured the founding and initial growth of the BCCSF with its accruing economic blessings to expectant member-borrowers/beneficiaries in the City.

There are as of this date 15 member-contributors to the BCCSF fund. Led by the City Government of Baguio/DSWD, the others are: BAMAPCOM, BAMACO, BAVESCO, BFI, BMPC, CBB, DENR-CAREMCO, SVSCC, DBP, LBP, IGLF, BSP, BFCC AND WASDENSUMYA Credit Cooperative, this last being the biggest contributor so far.

Interested or concerned parties may contact the BCCSF Secretary Catalino G. Panganiban at the DENR-CAREMCO Office, Tel. 304-3068 or304-2596 or CP 09328871221, according to BCCSF Oversight Chairman Tolentino, General Manager of the BARP Multi-Purpose Cooperative.

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The BARP Foundation will celebrate its fifteenth founding anniversary on July 26 (Saturday), 2014. The venue will the Burnham Park Athletic Bowl, 9 a.m. to about 3 p.m. BARP members are all enjoined to attend and render united thanks to our good Lord God in their organizational uniform, according to Pres. Balanag. Among the main features of the program will be the giving of the Baguio Kafagway Award plaques to selected members of the third estate (print and broadcast), according to the Committee on Awards headed by BOT "Nars" Padilla, a veritable veteran journalist.

Meanwhile, in the BARP-Multi-Purpose Cooperative monthly meeting yesterday at the Mandarin Restaurant at mid-Session Road, Ruperto Ferrer was chosen BMC representative to the RCDC (Regional Cooperative Development Council).

Prof Bienvenido M. Balweg remains as representative to the CUBC (Cooperative Union of Baguio City), where he is currently also a member of the Board chaired by Engr. Susan Angaga.

Published in the Sun.Star Baguio newspaper on July 19, 2014.

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