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CREATION OF CENTRAL FUND TO SECURE PHILIPPINE COOPS.
CEBU CITY, March 3 Asia Pulse - The existence of a centralized liquidity fund for the country's cooperatives would help reduce costs and increase returns for individual cooperatives.
Cris Paez, manager of the National Confederation of Cooperatives (Natcco) Central Fund, cited other benefits for a centralized liquidity fund.
According to Paez, the fund would enable cooperatives to increase its services to its members as well as raise its revenues.
Since cooperatives have liquidity funds, he said, this will create business opportunities for short-term placements for security, market yield and liquidity compliance.
The cooperatives with excess funds would create business opportunities for long-term investment for higher yield with high security, he said.
At present, he said, most cooperatives keep their money in the banks, which actually provide competition to cooperatives in terms of services through credit card, automated teller machines and micro-financing.
The Natcco Central Fund acts as the Bangko Sentral for the cooperatives, he said.
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