CAOAYAN, Ilocos Sur –COOP-NATTCO (National Confederation of Cooperatives) Party List has fielded Nueva Segovia Consortium of Cooperatives’ (NSCC) Chief Executive Officer (CEO) Divina Quemi as its 3rd nominee this incoming May elections with the hope that it will help bolster further the interest of coop members throughout the country.
In an interview with the Ilocos Sur Integrated Press over the weekend, Quemi said she would work to amend some provisions of RA 9520 or the Cooperative Code of the Philippines and some policies of the Cooperative Development Authority (CDA) so that these laws can cope up with the changing times particularly to big and small cooperatives.
“There are law provisions that need to be amended because they are no longer applicable today,” she said. “There should be provisions that will apply to big and small cooperatives because they operate differently.”
She said she will also work for the continuous tax exemptions of these cooperative so that it can better serve its members and the people in general.
She also announced that the P20M aid to onion and garlic farmers deposited with the NSCC through Congressman Deogracias Victor “DV” Savellano has been loaned to farmers.
“In fact we have already loaned out more than P20 million already,” she said.
She also said that farmers victimized by Typhoon Ompong have availed of NSCC’s survival recovery fund wherein each member was avail to avail between P5,000 to P20,000 at an interest rate of 1% per annum or 3% during its 3-year paying period.
“However, those who availed P50,000 were meted 6% per annum interest and that’s still very low,” she said.
In order to meet up the members’ need for cash, she said that the NSCC has increased its liquidity fund and has invested in a P300 million hotel business.
“We are building a P200-million worth of hotel in Cabugao, Ilocos Sur and another P100-million for another hotel in Vigan City,” she said.
Asked about her idea of ISECO (Ilocos Sur Electric Cooperative) as a cooperative, she said that ISECO has some deviating provisions with CDA and RA 9520 because it is governed by the National Electrification Administration (CDA). She said she reserves her answer whether ISECO meets the qualification of a “real” cooperative or not.
She said that if she wins a 3rd slot with COOP-NATCCO, she will either remain as NSCC’s CEO or her position will be declared vacant depending upon the decision of the General Assembly and the Board of Directors.
“But I am always available to help,” she said.
Quemi, an outstanding coop leader in the country, is responsible for the rise of the NSCC the last 27 years. She rose from the ranks starting as a loans officer for Nueva Segovia’s Caritas to propel NSCC’s asset from a mere P13,500 to P3.8 billion today with more than 40,000 members from Ilocos Sur, the Cordilleras, Pangasinan, Ilocos Norte and Metro Manila. With 15 branches all over Northern Luzon, NSCC also owns NSCC Plaza Hotel and Convention Center, NSCC Hotel Vigan, NSCC Bath and Coffee Shop, NSCC Hotel Grande and Macro Colleges among others.