LTMPC

  AWARDS & RECOGNITION:
 Recognized as World Class Coop by World Council of Credit Union-CUES Phils.
      

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earing the slogan, " UNA ANG GINOO, GASA SA DIOS ", the spiritual life of the members, staff and management has been the topmost significance. Daily activities and operations start with Morning prayer and reflections about God's love for everyone, reminding each employee to seek God first before pursuing the usual work in the office and field. This distinct image of LTMPC has made it known among other groups and become a model and inspiration to other cooperatives. Being a WORLD CLASS FOCCUS awardee,  LTMPC has been consistent in receiving numerous awards and recognition from local, national and international institutions due to its strong positive social contribution and high credibility in financial management.

           Lorenzo Tan Multi-Purpose Cooperative in Tangub City, Misamis Occidental was recognized World Class FOCCUS  during an awarding ceremony held at the Davao Convention and Trade Center last December 6, 2004.  LTMPC is one of the leading cooperatives in the Philippines that exemplifies the balance between economic viability and social compassion, especially for the poor.  The uniqueness of the cooperative is manifested in its passion of uplifting the lives of the marginalized communities with GOD as  the center of operations.



 LTMPC: The First Billionaire Coop in Misamis Occidental
           

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he leader of the pack, Lorenzo Tan Multi-Purpose Cooperative, which started in barangay Lorenzo Tan in Tangub City, a barangay bordered by the brown waters of the Panguil Bay in the east, is now a Billionaire Coop in Misamis Occidental. It is led by Sabiniano Canama, a General Manager who is also a city councilor, a former seminarian who was active as a progressive missionary in the Marcos period and an official of the NATTCO Party List representing majority of the coops in the country. It had come a long way from its beginning as a coop which immediately rose up with a huge loan from Land Bank followed by its floundering. When Canama took over as manager, he managed to reverse the problems and turned the coop into a one big success. Now, hardly anyone remembers its past failure.

         LTMPC,aside from its lending program using combination of  old coop methods, new banking techniques and a combination of Grameen banking techniques, has 36 branches in five provinces—Misamis Occidental, Zamboanga del Sur, Zamboanga del Norte, Zamboanga Sibugay, Lanao del Norte and Misamis Oriental. It also operates a consumer store in the barangay where it started, a Hardware, a Construction company which also bids in construction projects of the government, a cemetery,furniture shop turning out coffins and office tables, funeral services including embalming and funeral cars and a “floating” venue for trainings and special occasions.

            Add to that a subdivision with only 17 lots left for buyers after about a hundred lots were sold in an area near a swimming pool resort in Tangub City and four hectares of farm lands planted with falcatta.

            At present, it is building a two storey hospital in Mahayag, Zamboanga del Sur where it is also developing a two hectare subdivision. It had also embarked on a five day work week program which had been warmly welcomed by its more than 300 employees, which includes 36 branch managers who had to take their Masters in business administration in order to be promoted.

            If these developments are worth the notice, perhaps more are coming in the future in this coop, whose current chairman of the board of directors is a parish priest, Father Rosendo Cuaresma.