{{ settings.hero_title || 'Mothers and Family Multipurpose Cooperative' }}
{{ settings.hero_subtitle || 'Serving urban and rural poor women and their families since 1985' }}
"{{ settings.hero_tagline || 'Empowering Members, Building Futures' }}"
{{ settings.about_title || 'About MOFAMCO' }}
Our Vision
{{ settings.about_vision || 'An active community oriented cooperative responsive to the challenges of times for the betterment of its members.' }}
Our Mission
{{ settings.about_mission || '1. Advocating innovative educational trainings to staff/officers and youth leaders to be able to cope with a fast-challenging techno world. 2. Advocating Christian life and cooperative informal trainings to keep alive the core values. 3. Learning from the experts on business ventures/establishing additional business as opportunity knocks.' }}
Program Goals
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- A fully equipped cooperative belonging to the Billionaire's Row.
- Members attaining modest standards of living and engaged in various fields of livelihood.
- MOFAMCO is an environment of aesthetic parks and resorts, healthful business hubs such as medical clinics, sauna baths, camping sites, satellite office.
Core Values (GGIFTDIL)
- God Loving
- God Fearing
- Industry
- Flexibility
- Thriftness
- Determination
- Integrity
- Loyalty
Our Services
Historical Development
From humble beginnings to an award-winning cooperative
Conceptualization and Birth — Founded on April 8, 1985 at the Sangkabalayan Building, Baguio Cathedral Compound, as part of the CRS-assisted Nutrition Program of the Vicariate of Mt. Provinces. Elizabeth N. Mamanglo and Teresita Alipit introduced cooperative ventures from a seed capital of PhP 5,000.
Registered as MOFAMCO — Renamed to Mothers and Family Multipurpose Cooperative. The cooperative reached its first million in assets from the initial PhP 5,000 — despite the devastating earthquake of July 1990.
CDA Registration — Registered with the Cooperative Development Authority on November 14, 1991 (DAG-1460, Dagupan City, Pangasinan).
National Recognition — Received plaque of recognition from CRS Manila Office for being the First to Initiate a Cooperative Project in the CRS Philippine Program.
Bayaning Pilipino Award — Celebrated 10th anniversary with over six million in assets. Won the prestigious Bayaning Pilipino Award (Institutional Category) from ABS-CBN Network and Ugat Foundation. Also received recognitions from DTI and CRS Philippines.
Permanent Home — Moved to a permanent office at the City Market, made possible by MISERIOR, Germany and the coop itself, after 14 years at the Baguio Cathedral compound.
No. 1 Model Women Cooperative — Recognized as the No. 1 Model Women Cooperative in CAR from CARCDC and CDA, two years in a row. Also awarded 2nd Runner Up Most Outstanding Cooperative in Baguio City.
Silver Jubilee — MOFAMCO celebrated its 25th anniversary, marking 25 years of service to the community.
Hall of Fame — Received the Best Performing Century Cooperative in Baguio City and the Hall Famer Award from CDA-CAR and the City of Baguio.
COVID-19 Bayanihan — Received the Gawad Parangal KOOP Bayanihan Effort during the COVID-19 Pandemic from CDA-CAR and the City of Baguio.
Continued Excellence — Consistently received Best Performing Cooperative awards under the Large Category for Net Worth, Paid-Up Capital, Total Asset, Income Generation, and highest increases in key financial indicators.
Membership Information
Qualifications
- A Filipino citizen, physically and mentally fit
- 18 to exactly 65.5 years of age and of good moral character
- Has a viable source of livelihood and income
- Not dismissed from other coops or lending institutions
- Has no pending criminal case
- Willing to comply with rules and regulations of MOFAMCO
- Overseas Filipinos who are former residents of areas covered by MOFAMCO
Requirements
- Attend Pre-Membership Seminar (PMES) — every last Saturday of the month, 8:30-12:30 (PhP 200 in-person / PhP 300 online)
- TIN ID or TIN No. (Photocopy of Form 1904)
- 1 copy of 2x2 or 1x1 ID Picture
- Birth Certificate (Photocopy)
- Medical Certificate (if 55 years old and above)
- Barangay Clearance or Certificate of permanent residency
Membership Fees
| Item | Amount |
|---|---|
| Initial Share Capital | PhP 2,000.00 |
| Membership Fee | PhP 100.00 |
| Tulungan Savings | PhP 600.00 |
| ID Card | PhP 100.00 |
| Passbook (Savings & Share) | PhP 70.00 |
| Initial Savings | Min. PhP 100.00 |
Member Benefits
- Tax-free Savings and Time Deposits with interest higher than commercial banks
- Productive and Providential loans at competitive rates
- Share in income as Interest on Share Capital and Patronage Refund
- Mutual Aid and Accident Insurance coverage
- Right to elective and appointive positions when qualified
- Right to amend/initiate favorable changes through democratic ways
- Informal educational training on cooperatives and related concerns
- Discounts on availing coop services like the Beach Resort
Duties & Obligations
- Patronize the services and programs of the cooperative
- Pay loan amortizations and other fees on time to avoid fines/penalties
- Submit required collateral paper when borrowing above share capital
- Promote the good name of your cooperative
- Cooperate in giving a helping hand to fellow members in need
- All members must be industrious
- Participate actively in cooperative endeavors, especially Assembly Meetings
- Walk or drive to the office before due date to pay obligations
Latest Announcements
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Read MoreLoan Calculator
Estimates based on MOFAMCO Section 13 loan charges
Deductions on Release
Repayment Summary
Section 13 — Loan Charges Reference
| Charge | Formula | Notes |
|---|---|---|
| Service Fee | 0.2% × loan amount × (term in years) | Minimum ₱60 |
| Capital Build Up (CBU) | 2% × loan amount | Goes to member's CBU account |
| Savings Deposit | ₱1 per ₱1,000 of loan amount | Goes to member's savings |
| Regular Loan Rate | 12% p.a. (1% per month) | Loan exceeds share capital |
| Back-to-Back Loan Rate | 10% p.a. (0.833% per month) | Loan within share capital |
Contact Us
Our Location
{{ settings.contact_address || '#4 T. Alonzo Street, Baguio City, Benguet 2600' }}
Office Hours
{{ settings.contact_hours || 'Monday - Friday: 8:00 AM - 5:00 PM\nSaturday: 8:00 AM - 12:00 PM' }}
Send us a Message
All Announcements
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