Small Business Corporation (SBC) commissioned Social Enterprise Development Partnerships, Inc. (SEDPI) to conduct training on Cooperative Standards for its management staff from Northern Luzon on December 11, 2018 in Baguio City.
SEDPI Senior Program Officers, Ms. Florence Adviento and Ms. Francesca Gacer-Magallon, facilitated the one-day training for thirty (30) participants.
The training discussed the different types and categories of cooperatives, standard chart of accounts for cooperatives, and performance standards, specifically COOP-PESOS. This aimed to build the capacity of SBC participants to be able to understand the different cooperative standards advocated by the Cooperative Development Authority.
SBC is a government financial institution with the primary responsibility of implementing comprehensive policies and program to assist micro, small, and medium enterprises (MSMEs).
SBC has created several programs geared towards providing financial access, financial management, and capacity building to MSMEs. These programs include wholesale lending to smaller financial institutions, cooperatives, and foundations; retail or direct lending to MSMEs; guarantee programs for larger banks to cover MSME loans without collateral; and financial management, and capacity building for rural banks, and MSME clients.
With the training on Cooperative Standards, SEDPI, the premier capacity builder in the fields of social entrepreneurship, microfinance, and financial literacy, hoped to bring its experience in microfinance operational audit to help SBC achieve its ultimate goal of providing quality financial products and services.
The training garnered very good evaluation from participants for the topics (4.27 out of 5); and delivery (4.36), knowledge and skills (4.34), and over-all skills of resource persons (4.34).
If interested in a customized training on microfinance for your organization, email Ms. Dimples Sacdalan-Pateño at dimples.sacdalan@sedpi.com.