Firm to launch ‘Koryente’ program-A A +A
Friday, July 27, 2012
THE Consumers and Users Productive (CUP) association is set to launch its new business undertaking when its partnership with power distribution utilities is realized by August this year.
CUP President Marcelina B. Buyco said the “CUP Koryente Program” is a new project of the company venturing into electric bill payment centers all over Northern Mindanao.
Buyco said CUP plans to establish a more convenient and accessible payment centers in urban and rural areas for electricity consumers to pay their bills without spending transportation expenses and “wait-for-your-number syndromes.”
Under the program, she said, CUP is giving out rebates to consumers based on their total power consumption within the year.
“Aside from the convenience that this program would give our existing and incoming members, the power member-consumers are entitled to a rebate of up to 10 percent every year. If a member-consumer consumes a total of P18,000 a year, he or she is entitled to a P1,800 rebate. So, his or her one month electricity bill is already paid. He or she would not need to spend for electricity bill instead spend it for buying food,” she told Sun.Star Cagayan de Oro Thursday.
Nibocar Teves, the CUP founder, said the association’s member-consumers have been clamoring on increasing monthly electricity bills.
“But since we launched this program, our member-consumers worry no more because since their childhood, they said, they did not enjoy any returns from power distribution companies in the form of rebates or whatever,” Teves said.
“This program has somehow helped our members because such program has introduced a very good economic benefit to them, as they said,” Teves said. “Convenient na, may rebates pa.”
“Here in Cagayan de Oro, we are targeting around 6,000 electricity consumers to enroll with the program aside from our existing member-consumers,” he said.
Dina C. Aram, CUP vice President and Director for the Koryente Program, said: “This is just one of the plans of the association in the coming months. There’s more to come.”
“We are inviting people from all walks of life to join this program. We’re just here to help you through our programs,” Aram said.
CUP has more than 2,000 active members from Misamis Oriental, Butuan, Agusan del Sur, Bukidnon and Cagayan de Oro enjoying the benefits of becoming part of the association.
Not a lending firm, but CUP is offering grocery loans and financial assistance for livelihood programs of its members through a “bayanihan” scheme, where members help co-members develop their own resources.
CUP is a non-stock, non-profit association organized in accordance with Philippine laws and duly registered with the Securities and Exchange Commission.
Its primary purpose is to promote and advance the rights of consumers and users of goods and services by providing a mutually beneficial economic system, provide livelihood, educational, accident, burial, health and financial assistance to the members, establish linkages with the government and non-government organizations in the Philippines and abroad; set up branches and chapters in the Philippines and other countries; recruit members and provide awards to individuals, organizations and institutions.
The word “CUP” is used to signify the voluntary agreement of the members of the association to combine their meager resources and consumption needs in order to provide a permanent source of goods and services not only for themselves but as well as for their next generation.
CUP office is located at second floor, Chan Building, Caltex-Bulua, Cagayan de Oro City.
Published in the Sun.Star Cagayan de Oro newspaper on July 27, 2012.