This has been a particularly difficult year for a lot of people and, as a cooperative, we've been tested. But finally, we are reaching the end of what has been a really challenging and unprecedented year.
Our plans may have been spoiled by a "series of unfortuante events", but for whatever it's worth, we've shown what being a cooperative is really all about.
- Financial Assistance to Taal Victims - we've offered P20,000.00 interest-free loans payable in 12
months to members affected by the Taal eruption. - Tulong Taal - partnered with DXC Inspire to donate P55,000.00 for the Taal Evacuation Relief and
Feeding Program. - HPP Distributes Free Face Masks - in the aftermath of the first reported coronavirus case in the country, face masks have suddenly become overpriced if not out of stock. To help members
protect themselves, HPPCOOP gave away free face masks to members. - Donation to COVID-19 Frontliners - together with DXC Inspire, we were able to donate meals
and much needed PPEs to the Philippine General Hospital. - Typhoon Ulysses Donation Drive - HPPCOOP has put up the Typhoon Ulysses Damayan Fund and
matched members’ donations to the Fund. A total of P126,200.00 was donated to the victims through DXC Inspire. - COVID Loan - we offered a special COVID Loan to members of up to P20,000.00 with a very low 0.37% interest per month payable in 12 months.
- Free COVID-19 Insurance - as the pandemic continues with no end in sight, HPP has given all its
members free COVID-19 insurance.
But despite all of these challenges, we are still expecting to end the year strong.
- Unaudited Financial Statements show that we will be ending the year with more than P76M in Assets, a 25% increase vs previous year.
- Net Surplus (profit) is expected to increase by at least 80% vs year ago due to solid income generated from laptop sales and other activities plus cost savings due to the cancelled General Assembly and skipping of Christmas Cash Gifts.
Future Plans
As mentioned during the Members' Forum, we have some big plans for the future of our cooperative. All I ask is for everyone to be Ambassadors of HPPCOOP. The success of HPPCOOP is your success.
- Invite other IT/BPO Companies - we are now accepting other IT/BPO Companies to join HPPCOOP. The strength of cooperatives is in numbers. The more we are, the stronger we'll be.
- Promote HPP Builders - if everything goes well with the ongoing setup and SEC Registration, this will be our ticket to the construction business. Refer HPP Builders if you know anyone needing design and build services.
- Recruit your coworkers - as they say, sharing is caring. Please invite your colleagues to be members so they can also take advantage of the benefits of being a coop member.
As we come to the end of this difficult year, I would like to finish by wishing you and your family a very Merry Christmas and a safe and healthy New Year!
Yours in the spirit of cooperation,
Val Hilario
