ALAY KAPWA HITS P1 BILLION ASSET BY DECEMBER 2022
The year 2023 marks the 1st year of the Alay Kapwa as a Billionaire Cooperative. Since its founding in June 1975 as an Alay Kapwa Organization, the Cooperative has again reached another milestone of success.
The humble beginnings of the Alay Kapwa started when 10 educators from the Solano North Elementary School headed by Mrs. Valentina Salunat - Tomas added their financial resources to provide monetary assistance to fellow colleagues, friends and relatives in response to high interests from moneylenders.
By 1991, the organization already had an impressive increase in membership and accumulated more than P6M share capital. Then after 2 years, it was registered with the Cooperative Development Authority as Nueva Vizcaya Alay Kapwa Multi-Purpose Cooperative on April 28, 1993.
Every member is now benefitting and reaping the fruits of labor of its organizers, and the results of the collective efforts and diligence of its entire administrators, then and now.
The continuous patronage of all NVAKMPCO Members especially those Members in Good Standing (MIGS) to the products and services of the Cooperative are evidenced by the success of all the businesses of the Alay Kapwa.
Looking back at the humble beginnings of the NVAKMPCO, the Cooperative becoming now a billion enterprise was beyond the wildest dreams of its founders.
Through quality service, gradual implementation of proper policies as guided by laws, it has gained the full trust and confidence not only of its members but the entire community as well.
The Alay Kapwa commits to continue striving as a strong, viable and productive institution geared towards the upliftment of the quality of life of its members and the society as a whole
