Friday, June 22, 2012

What Are The General Privileges Enjoyed By Cooperatives?


What Are The General Privileges Enjoyed By Cooperatives?

            These privileges are:
  • The right to deposit their valuable in government offices free of charge with the government official acting as custodian of such valuables.
  • Free use of space, when the cooperative members are government employees, in the same government office.
  • Special types of coops like cold storage, electricity, transport and similar services can open their membership to all persons qualified in their areas of operation.
  • The preferential right to supply government offices with their produce, in the allocation of fertilizer and rice distribution, use of butteries for shipment of their goods, and in the management of public markets.
  • Entitlement to loans, credit line, and rediscounting of notes with government financial institution like PNB, Land Bank and DBP
  • Exemption from pre-qualification requirements when bidding for a government project.
  • The right to be represented by the provincial or city fiscal or the Office of the Solicitor general, free of charge in legal suits.

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