History

What is SIMBAYANAN NI MARIA MULTI-PURPOSE COOPERATIVE?

SIMBAYANAN NI MARIA MULTI-PURPOSE COOPERATIVE started as a parish-based Cooperative at Our Lady of Holy Rosary Parish on 1990. It was June 25, 1991 that the cooperative was fully organized. It was headed by the parish priest Rev. Father Anton CT Pascual together with the thirty three (33) founding members with sixteen thousand pesos (16,000.00) as starting capital. The objective in establishing the cooperative is to fight against poverty, lifting and enriching the lives of Taguigenos.

The Management is very active in growing the cooperative treasury. For twenty-nine years the Board of Directors and Management have grown in cooperative development. The initial investment was 16,000.00 Php and it became 320 Million Php and the membership is over 73,000. The value of the total assets is 1.375 Billion Php and the deposit level is 503 Million Php. It only proved that Simbayanan is trusted in town with our Member Owner.

In 2004, the 4-storey building at 115 MLQ Street, Purok 2, New Lower Bicutan was fully established and became the main office. It was inaugurated in 2005, attended by former President Gloria Macapagal Arroyo and blessed by Rev. Francisco San Diego, First Bishop of the Diocese of Pasig. In recent years of relentless service to the membership and cooperative movement, the Church has set an example of real changes. It has been proven by various recognitions not only in the City of Taguig but also in National Capital Region, as the MOST OUTSTANDING COOPERATIVE in 2019 by the Cooperative Development Authority in 2019.

Organization Chart