Reference no: EM133034642
See the case study below: Lamac MPC supporting livelihood and Education
The Tapaleses. Teofilo Tapales was a farmer of 1 hectare rice and corn land under a share-cropping arrangement of 60-40 (60% of the produce went to him while 40% went to the land owners). He got about 15-25 sacks of palay per harvest: with 2 harvest a year, this was just enough for his family's consumption. He had 5 children: 2 graduates in commerce and engineering both working in Cebu, 1 college and 2 in elementary school. Teofilo's wife had been a member of Lamac MPC since 1994 (with capital build up or CBU amounting to Php. 190,000) while he become a member in 2007 (with CBU of Php. 6,000)). Their membership in the cooperative had helped them with both their business and the education of their children.
Since their membership, they had availed of Php 20,000 express loan and five years ago, they had availed of a Php 300,000 livelihood loan. Their business involved procuring hogs and cows, butchering them, retailing pork and beef, as well as cooking and selling cooked meat dishes such as barbecue. Apart from themselves, they were able to employ 2 more neighbors as assistants to do ambulant vending. Overall, they made about Php 4-5,000 per day and had a net income of about php 1,000/day on average. With payments of Php 750/day for their loan, they need to have about Php 250/day in cash income. At the time of the interview, they had finished amortizing their loan. Two of the children had graduated and were working by the time of the research. These children were able to send about Php 2-3,000/month to their parents to assist with the schooling of their siblings.
Bernardita alfeche, 38, was a housewife whose husband was a construction worker (welder) in Lapu lapu city. He remitted Php 800 - Php 1,000/week for household expenses. They had 4 children - 2 in high school and 2 in elementary. She had a CBU with Lamac MPC of Php 33,000, and she endeavored to add Php 500/month. In 2009, she had a patronage refund of Php 4,000. Bernardita opened sari-sari store 5 years ago with a loan of Php 5,000 and enjoyed a credit line of up to Php 6,000. She generated sales of Php 350 - Php 400/day and was above to net Php 50 - Php 100/da.
Teresita Ubaob was 53 years old, married and had 2 children. She became a member in 1980 and now have a CBU of Php 50,000 and saving of Php 500. While both children (aged 31 and 23) were married are working, she recalled how the cooperative helped her make a living to enable her to send the children to school from 2003 to 2007. Teresita used to part of a hog raising program that allowed members to get piglets and feeds from the cooperative for them to raise and sell back to the cooperative. She used to earn a net income of Php 15,000 to Php 25,000 twice a year. At the time of the interview. She sewed and sold clothes, making Php 700 - Php 1,000/ week in terms of net income.
- Background of the case (summary)
- Statement of the problem (only one main problem)
- Alternative courses of action (minimum of four)
- Recommendation
- Conclusion