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about mediatrix mpc

MEDIATRIX MPC History

On January 5, 1989, Fr. Alfredo Epiz, OMI called for a meeting with the church workers of Our Lady of Mediatrix of All Graces Cathedral together with Mr. Joel Virador, the Regional Coordinator of the Task Force Detainees and the CDSMC staff. On January 20, 1989, a sectoral consultation which was attended by farmers, market vendors, tricycle drivers and employees was conducted.

The objective of the sectoral consultation was to find a solution to combat the loan sharks or literally called “five-six” financiers who lend money to the marginalized sectors without any documents that are usually required by banks therefore every poor individual is enticed to borrow for capitalization, livelihood projects, and other financial needs. These “five-six” financiers lend money at an interest of 10% per month or 120% per annum. These poor individuals later realized that this easy money brought them to a more handicap situation and the problem of poverty became more evident.

During the sectoral consultation, the idea of creating a “self-help” organization to respond to the problems previously discussed was raised. This gave birth to the MEDIATRIX SAVINGS AND CREDIT COOPERATIVE with 52 pioneering members and other people coming from the four different sectors followed shortly thereafter. The Cooperative was registered by the Regional Cooperative Development Assistance Office on December 18, 1989 and was confirmed by the Cooperative Development Authority on March 05, 1991.

On October 23, 2009, its Articles of Cooperation and By-Laws was amended and registered to conform to the provisions of RA No. 9520 with new Registration Number 9520-12000979. Through the years, the cooperative membership has grown in number. It has established linkages with different institutions. The remarkable growth and development of MMPC is a tribute to all past and present officers, personnel and members who have been working hard to realize the goals of the cooperative.

As a whole, the Cooperative is able to maintain the sustainability of performance in the entire operation as looking forward in attaining the KRA’s perspective. The MEDIATRIX MULTI-PURPOSE COOPE- RATIVE will continuously “REACHING OUT, IMPROVING MINDS, TOUCHING LIVES” of its members and community and a PARTNER OF MEMBERS SUCCESS.

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