City of Cabuyao, Laguna - The Institute of Cooperatives and Bio-Enterprise Development (ICOPED) held the Risk Management and Credit Management Trainings for the Sumiden Employees Multipurpose Cooperative (SUMECO) in Cabuyao City, Laguna last March 17 and 24, respectively. SUMECO is a registered medium cooperative which was reorganized in 2012. SUMECO offers loan services such as personal, emergency, regular, special, collateralized, grocery, education, appliance and insurance to its members. As to date, the SUMECO has 1,300 members and targets more employees to join.
Central in the training were hands-on workshops on cooperative risk identification and assessment as well as risk management planning. The trainees actively participated in the modified “Monopoly Savings Game” and role playing that were conducted by the resources speakers. SUMECO members dramatized the role of their credit committee, their credit process, and policies. The activities were followed by open forum and discussions among members and officers which gave them the opportunity to clarify concerns and raise suggestions regarding their cooperative services.
Both trainings were participated by 26 members and officers of SUMECO. AMQuilloy