A Case Study of the Concepcion Market Vendors' Development Association

Abstract

Cooperatives are present to be of help to a group of people who are of the same line of work or interest. They were developed to be of aid to these people because the government, or the company that they are working for is not able to provide all the necessary assistance to them. It is funded by its members for it to be able to mobilize with the projects that would benefit the organization and its members as well. Market cooperatives are usually credit cooperatives that give financial loans to its members. These loans may vary from health loans to educational loans, depending on the decision of the cooperative founders. But the main reason for the existence of credit cooperatives is to provide capital loans for its members. They are also there to promote thrift and to encourage their members to save. The CMVDA is one of the smallest cooperatives in Malabon, as the Concepcion market is its smallest public market. It was founded out of a need to generate funds in order to give proper and adequate services to the market’s vendors and buyers. Through a study made by the researcher, it has been shown that the CMVDA is effective in providing financial assistance to its members. A huge percentage of the members who answered the survey say that the CMVDA fulfills its duties to them by providing them not only with financial assistance, but also by providing the market with the utilities that the market needs. Still, there are members who seem to lack the necessary information about their cooperative. One observation is that the members have different replies when asked if they paid membership dues, some said that they do, while some say otherwise. While they are not imposed to pay such fees, some members mistake the rent that they pay for these. Although there are some non-members who claim that the cooperative is not of any good to the market, they are overcame by those who say that the CMVDA is necessary for the vendors, and the market as well.