HOW COULD LOCAL GOVERNMENT UNITS FINANCIALLY SUPPORT LOCAL COOPERATIVES?
HOW COULD LOCAL GOVERNMENT UNITS FINANCIALLY SUPPORT LOCAL COOPERATIVES? We often see Local Government Units (LGUs) giving cash aid to individuals as a response to poverty. That is good, of course—but I now ask: is that enough? Or are we simply treating the symptoms rather than the disease? If we truly want lasting economic change, I believe the answer lies elsewhere—in empowering cooperatives. Under the Local Government Code of 1991 and the Philippine Cooperative Code of 2008, LGUs are not only allowed but actually mandated to promote economic self-reliance. That includes supporting cooperatives. Yes, they are technically private enterprises—but they serve a public purpose. That is the legal bridge that allows public funds to support them. In simple terms, when LGUs help cooperatives, they are investing in community livelihood, not giving away money. But how exactly can this be done? First, let us talk about direct financial support. LGUs can provide seed funding or grants, especiall...