Nov 27, 2017
There can be no mistaking this time. While previous years might have seen the Ayala Coop garner the top awards in two of three categories, it never quite ran the table as far as being the best in all three traditional categories that the annual KoopBida Awards uses to determine a cooperative’s worth. Until now, that is.
The Coop did it in this year’s 6th KoopBida Awards, becoming the best-performing cooperative in 2016 in terms of growth in total assets and in membership growth among “billionaire” coops as well as best-performing coop “with significant concern for community projects nationwide.”
The Coop was recognized for having total assets of P2.28 billion as of 2016 and having grown its membership to more than 30,000 as of the said period while pursuing corporate social responsibility projects that has seen it donate more than P2.8 million worth of press kits to public school children, P1 million in storybooks, and support 16 Affordable Private Education Center or APEC scholars, among other things.
It was a singular achievement for the Coop, which bested 155 other community-based and institution-based coops, including those of the PLDT, Smart, and Makati Medical Center, in the annual awards organized by the Makati Cooperative Development Office.
Newly-installed Ayala Coop Chairman and Ayala Corporation Corporate Resources Group Head John Philip Orbeta congratulated the Coop team led by General Manager Dina Orosa, saying that the singular achievement speaks well of the culture and commitment of every Coop member.
“While we have always noted the (Coop’s) steady growth in all our metrics at the Board and (general assembly) meetings, it is always satisfying to receive external recognition, especially besting other coops that were all once much larger than ours,” Orbeta noted. “This is the best proof that it is culture and the commitment of every single associate at the Ayala Coop that continues to make a difference.”
Orosa, meanwhile, thanked all the Coop’s stakeholders for their effort and support to enable the Coop to win the awards during ceremonies held at the Makati Palace Hotel last October 27.
“We would like to thank all stakeholders especially our directors, members, our Ayala Group HR partners and all of our Ayala Coop team for the Coop’s growth in total assets and membership,” Ms. Orosa said. “The year 2018 would be more challenging but with the continued support of our stakeholders, I’m confident we will be able to surpass these challenges confronting us.
“The Coop vows to fulfill its vision/mission of improving the quality of life of its members and at the same time allow itself to promote its advocacy in education while sustaining community service undertakings,” she added.
The Coop can indeed bask in its accomplishments. Back in 2014, it did garner the award as the top coop in terms of net worth but ranked just fourth in membership growth. In 2015, it again repeated as the top coop in terms of net worth while also being cited as the best coop in terms of social and community concerns programs but did not gain an award in membership growth. (Kindly furnish the results of the KoopBida Awards last year. We surprisingly don’t have it in my files.)
The Ayala Coop team led by General Manager Dina Orosa (with trophy) is shown with officials of the Makati Cooperative Development Office after receiving the award as best-performing coop in terms of growth in net worth.