International Journal For Multidisciplinary Research

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The Financial Performance of Ligao Association of City Employees Multi-Purpose Cooperative (LACE-MPC) Credit Business for Calendar Years 2017-2021

Author(s) GIRLIE REGILME BALINGBING
Country Philippines
Abstract This study assessed the financial performance of the Ligao Association of City Employees Multi-Purpose Cooperative (LACE-MPC) credit business from 2017 to 2021, addressing a significant gap in the literature regarding the operational dynamics of multi-purpose cooperatives in the Bicol region. Utilizing a descriptive research design, the study conducted interviews and employed survey questionnaires and documentary analysis to gather data from 113 regular and 85 associate members. The results revealed a commendable financial standing characterized by a low non-performing loan ratio and improved operational efficiency, as indicated by key financial indicators such as portfolio quality and efficiency ratios. However, the study also identified significant policy issues , including unclear loan terms and challenges in credit assessment, which hindered member satisfaction and operational effectiveness.The implications of these findings extend beyond LACE-MPC, highlighting the need for enhanced governance and operational transparency within cooperatives to foster member trust and engagement. The study underscores the importance of clear communication regarding loan terms and the necessity of robust credit assessment processes to improve member experiences. Furthermore, the research opens avenues for future studies focused on enhancing financial literacy among cooperative members and exploring the potential for establishing educational initiatives, such as a review center for civil service examinations. Overall, this research contributes to the understanding of cooperative financial management and offers insights that can enhance the sustainability of LACE-MPC's credit services, ultimately improving the socio-economic status of its members and reinforcing the role of cooperatives in community development.
Keywords Ligao Association City Employees Multi-Purpose Cooperative, Financial Performance, Multi-Purpose Cooperative, LACE Cooperative Member Engagement.
Field Business Administration
Published In Volume 6, Issue 6, November-December 2024
Published On 2024-11-30
DOI https://doi.org/10.36948/ijfmr.2024.v06i06.32018
Short DOI https://doi.org/g8sg49
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