News

To celebrate our 7th Anniversary, we will be giving away 7 cash gifts worth P10,000.00 each to 7 lucky winners!

Mechanics

1. Only Regular and Associate Members with MBF contributions are qualified to join the raffle.
2. Electronic raffle will be held on Aug 27, 2021 in the presence of the Board of Directors and Audit Committee.
3. Number of tickets per member will be dependent on their MBF contributions from Sep 2020 to Aug 2021. Thus, maximum number of tickets per member is 12.
4. Associate Members who wish to join the raffle may still do so by informing the coop office at This email address is being protected from spambots. You need JavaScript enabled to view it. to activate their MBF deduction and completing the P50/month MBF contribution from Sep 2020 to Aug 2021. Deadline to complete MBF contributions to be included in the 7th Anniversary Raffle is EOD Aug 26, 2021.
5. A member may only win once.
6. Ticket numbers will randomly be generated and assigned per member.
7. A winner must be a Member in Good Standing (MIGS) to be able to receive the prize in his/her Coop Savings Account. For non-MIGS (with past-due) winners, their prize will be deposited to their Share Capital.
8. Winners will be informed via email and will be announced in the HPPCOOP website.
9. The decision of the Board is final.

Updated: 08/23/2021

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.

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.