Philippine E-Journals

Socio-Economic Impact of a Credit and Development Cooperative on the Life of Members in the Province of Isabela

Lorna V. Fulong | Belinda A Ramos

Discipline: social policy

 

Abstract:

The study aimed to evaluate the socio-economic impact of a credit and development cooperative on its members and identify operational challenges faced by the cooperative. Employing a descriptive design, a survey questionnaire was utilized, gathering responses from 109 voluntary participants. Findings indicate a significant positive impact of the cooperative's services on the socio-economic well-being of its members. While only 27 members reported encountering issues with cooperative operations, the primary concern was the delay and non-payment of member obligations. This issue, recognized as potentially undermining the cooperative's stability, contrasts with the substantial assistance the cooperative has provided in improving members' socio-economic lives. Further research is recommended to ascertain the generalizability of these results.