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About Us

In July 2011, the Bohol Department of Agrarian Reform (DAR) Employees Multi-Purpose Cooperative (BODARE MPC) inaugurated its BODARE Coop Pension House.  It is a two-floor structure comprising of a state-of-the-art function hall with a nineteen (19) rooms living quarters.  A canteen at the first floor caters to the needs of guests, DAR employees and public. Besides the canteen is the Cooperative office which is right at the entrance of the building.

The inauguration of the pension house completes the four-storey building erected on a 1,326-square meter lot acquired in 2003 out of contributions from the members.  Construction of the building began in June 2005.  The first two floors are now being leased by the Department of Agrarian Reform (DAR) Provincial Office in Bohol while the third and fourth floors comprise the Cooperative's pension house.  The completion of the modern edifice is a testament of the efforts of the members and officers who dedicated themselves to the success of the BODARE MPC.

Initially organized in 1991, the BODARE MPC is a duly registered cooperative whose main goal is to give financial assistance to its members.  It started with a paid-up capital of only P12,840.00 and a total initial capital build-up of P51,280.00 from DAR member employees.  This was then initially extended to the members in the form of loans.  In 2008, the BODARE MPC accepted associate members who are non-DAR employees to expand its capital base and provide services to a wider market.

     BODARE MPC sources its capitalization from member's share contribution, loans from creditors and some fund-raising activities.  Because of prudent management, BODARE MPC has long since experienced a net suplus from its lending operations.  The following figures attest to this fact:

YEARASSETSCBUMembersNet Surplus
1991 167,770.20 51,280.00 75 13,885.95
2000 5,798,070.96 2,697,030.52 300 657,200.19
2012 59,422,391.15 15,234,394.18 689 2,434,594.50

Canteen     Anchored on its core values, vision and mission, BODARE MPC provides its members with credit facilities like salary, petty cash, motor vehicle, bonus and grocery loans.  For CV 2012, the Cooperative processed and approved 378 loan applications with an aggregate amount of P22,513,862.00.

  

The Cooperative likewise provides savings and time deposit windows to its members.  For CV 2012, a total of P23,544,707.54 was deposited with the Cooperative consisting of P5,250,295.70 as regular deposits and P18,294,411.84 as time deposits.  A Cooperative Assurance Fund amounting to P3,029,289.47 is available to cover the loans of members in case of death.  Likewise, a mortuary fund is given to members in the form of cash donation of P20,000.00 to a principal member and P10,000.00 to member-beneficiaries.

     On top of this, BODARE MPC provides the DAR with an adequate office space and parking area.  An additional parking lot was purchased in August 2011 to better serve the Cooperative's and DAR's clients.  Before 2004 when DAR was still renting its previous private building, it used to pay P110,000.00 a month.  At present, the monthly rent is P115,500.00.

     For the future, BODARE MPC plans to expand its membership from 637 at present to 862 in five years.  It is likewise considering the purchase of adjacent lots as areas for expansion of its income generating projects.

     With the foregoing achievements, the BODARE MPC looks forward with utmost confidence that it can simultaneously respond to the needs of its members and attain financial stability in all of its business ventures.