News

To support the government's National Vaccination Program, the HPP Employees Multipurpose Cooperative is offering vaccinated members* a special loan of up to P20,000.00 payable in 12 months, no co-makers required, and with a very low interest rate of just 0.55% per month! 

Experts agree that the fastest way out of this pandemic is to get as many people vaccinated as possible. Particularly with the more infectious Delta variant that is rapidly spreading across the country and around the world, members' health and safety is our utmost concern. So let's all do our part and let's go "Vacc2Normal"!

Vacc2Normal Loan Table

Application is online and hassle-free. Just go to the Member's Area of the website (login required) and select Vacc2Normal Loan Application, choose your loan amount and submit. That's it! Please note that presentation of COVID-19 Vaccination Card is required to avail.

Some of our Directors are leaving the Company (see below) and although they will stay with HPPCOOP as Associate Members, they had to step down from the Board as mandated in our Bylaws (i.e. only Regular Members can hold elective positions).

Resigning Board Members

Per our Bylaws, the remaining Board may elect replacements for resigned Board Members. As such, in its meeting dated June 21, 2021, the Board has appointed Adonis "Dondon" Dionisio, Annie Rose Samson, and Eugene Revestir as replacements for Kat, Jody, and Jeff, respectively. They will serve for the unexpired term of the corresponding Board Member they replaced.

New Board Members

As well, the Board has elected Prima Mae Espadon and Mike Nicolas as the new Chairperson and Vice-Chairperson of the Board, respectively.

Please join us in congratulating Dondon, Annie, Eugene, PM, and Mike in their new roles and in thanking Kat, Jody, and Jeff for their many contributions to our cooperative.

To further make it easier for members particularly in this time of pandemic, the payment term for Share Capital Loan has been increased to up to 5 years. Application is still online and hassle-free via the HPP.COOP website under the Member's Area (login required) with a maximum loanable amount of P500,000.00. 

NOTES:

1. No co-maker requirement.
2. Share Capital Loan ceiling is based on member's total share capital contribution less any outstanding loans.
3. Only members in good standing can avail themselves of Share Capital Loan.
4. Loan proceeds will be transferred to the member's bank account on record.
5. Must be compliant with all the other provisions of the Credit Policy.

HPPCOOP would like to welcome Planate Management Group South East Asia Corporation (PMGSEAC) into its cooperative family! On March 15, 2021, HPPCOOP and PMGSEAC signed a Memorandum of Agreement which will allow PMGSEAC employees to become Associate Members of HPPCOOP and enjoy the benefits of a cooperative that’s focused on uplifting the lives of IT/BPO employees in the Philippines.

Planate is a multinational company headquartered in Virginia, USA. It provides facilities engineering and management consulting services worldwide. In 2013, Planate came to the Philippines to set up PMGSEAC to complement its global team of licensed professionals. Based in Subic, Philippines, PMGSEAC is a business/knowledge process outsourcing company focused on consulting services that specializes in Computer-Aided Drafting (CAD), Designing, and Modeling.

“We are glad to know that HPPCOOP is open to accepting IT/BPO companies like us. With just around 70 employees, it will be very difficult for us to put up a cooperative of our own. Joining HPPCOOP, our employees will immediately be able to leverage on their size and enjoy the benefits that existing HPPCOOP members already enjoy. This is a big help both for our employees and our company,” shared PMGSEAC Business Support Group Executive Vice President, Ms Caryll Orcales.

HPPCOOP-PMGSEAC MOA signing. From Left: Miroa Ramirez (PMGSEAC VP for HR), Val Hilario (HPPCOOP CEO), Caryll Orcales (PMGSEAC EVP for Business Support), and Teena Nartea (VP for Finance).