Profile of DABIREMCO

Davao BIR Employees Multipurpose Cooperative (DABIREMCO), the 2018 MOST OUTSTANDING COOPERATIVE (Medium B Category) was organized on August 20, 2001 by its 21 original incorporators who are BIR officials and employees. It was registered with the Cooperative Development Authority under Certificate of Registration No. RN-6017-DVO on September 20, 2001. It is a multi-purpose cooperative, organized under the laws of the Republic of the Philippines primarily to generate funds and grant loans to its members for providential and productive purposes, engage in the business of providing photocopying services and buying and selling of food and non-food products to its members and non-members, operate canteen and catering services to members and non-members, and accept interest-bearing savings and time deposit from members.

DABIREMCO conveniently caters its stakeholders at its office located at the ground floor of BIR Regional Office, Bolton Extension, Davao City and at the second floor (connecting the regional and district buildings) where its canteen operation and photocopying services are being managed.

Its membership covers all natural persons who are employees of the Bureau of Internal Revenue Region No. 19, Davao City and employees of DABIREMCO.

As of December 31, 2018, DABIREMCO has a total assets of P27.2M and total paid-up capitalization of P17.1M, which is 49.78% over 2017 with its 318 regular members and 56 associate members. With the sustained increase in membership, its total authorized capital stock is increased to P20,000,000 at P500 per share, divided into 36,000 common shares and 4,000 preferred shares on May 2, 20. To date, it has a proposed amendment in its Articles of Cooperation and By-Laws to further increase its authorized capital stocks to P50,000,000 a manifestation of the continuous trust and confidence of its members. It distributed a dividend of P57.58 per share from its net income of P3.36M during the 18th General Assembly on March 23, 2019.

True to its cooperative values, DABIREMCO provides a diverse loan facility which is responsive to the needs of its members with an increased credit limit and easy accessibility. It always seeks to delight its customers with its fast and friendly canteen and photocopying services. As DABIREMCO CARES, it likewise ensures that its members feel that it does in times of need with its hospitalization benefits and mortuary assistance. DABIREMCO continues to venture in other profitable business activities to optimize the placement and utilization of its resources for the benefit of its members and other stakeholders.

Recognizing its responsibility not only to its members but to other stakeholders as well, DABIREMCO expands its involvement as it commits for the protection and preservation of our environment by signing a memorandum of agreement with the Davao City Water District (DCWD) on June 17, 2016 for the rehabilitation of one (1) hectare of the watershed area within Mt. Talomo Lipadas. Apart from this, it opens its social arms to its surrounding community and other stakeholders with its institutionalized community development programs which has so far benefitted special children of Bolton Elementary School, children-beneficiaries of the feeding and scholarship programs of Archdiocesan Nourishment Center, the blinds of the Davao School and Rehabilitation Center for the Visually Impaired, and senior citizens of Barangay 40-D, Bucana. DABIREMCO also participates in the outreach activities initiated by BIR Region 19.

DABIREMCO has come a long way in its journey to give the best service to its stakeholders, members, the community and the government. It has been a consistent recipient of Certificate of Good Standing from the Cooperative Development Authority for being compliant with all the requirements under CDA Memorandum Circular No. 2011-14. In 2017, it was recognized as one of the outstanding cooperatives in the small category by the City Government of Davao thru the City Cooperative Development Office’s Program on Cooperative-LGU Active Partnership (CLAP). In the subsequent year, DABIREMCO was reclassified to medium-sized cooperative with a paid-up share capital of P17,152,000 and was recognized as the 2018 MOST OUTSTANDING COOPERATIVE for Medium B Category.

The Cooperative’s achievements were not solely from its best practices but a concoction of struggles, mistakes and learnings, as well. Before all the accolades, DABIREMCO paid penalties for non-compliance with CDA reportorial requirements, suffered losses from pilferage and embezzlement due to poor internal control and lack of attention from the officers, and confronted with loss of trust and confidence of the members. With the assistance and inspiration of the Late Belen Laud and Ms. Coring Olarte, DABIREMCO worked for its lapses and started building from the rubbles. DABIREMCO’s collaboration with other cooperatives, its active participation with cooperative activities, and support of the CDA and CCDO officers transformed DABIREMCO to a productive, trusted and dynamic cooperative. This has inspired DABIREMCO to strengthen its partnership with other organizations, widen its involvement in other cooperative endeavors and embrace every opportunity where it can share and acquire learnings.

The success of any organization lies with the kind of leaders, officers and employees that manage its affairs both its business and accounting operations. With DABIREMCO members and stakeholders’ welfare at the top of its priority, DABIREMCO proactively develops training programs integrating seminars, capability building activities and skills training for its officials, members and staff to hone their talents and capabilities, and develop future well-trained and highly skilled DABIREMCO leaders with integrity and professionalism to ensure sustainability of the cooperative’s excellent service to all members and clients.

To ensure efficient, effective and reliable management, an accounting system has been developed to make accounting procedure faster, easier, accurate, reliable and systematic. Such system is reinforced with a clear accounting and audit policies embodied in DABIREMCO Policy Manual. The Policy Manual is a comprehensive compilation of the Cooperative’s Code of Ethics, Election Guidelines, Credit Policy, Mutual Assistance Policy, Hospitalization Benefits, Human Resource Management, Performance Evaluation System for Employees and Officers, Employees Retirement Plan, Savings and Time Deposit Policy, Accounting Manual, Internal Audit Policy, Conciliation and Mediation and Succession Manual. Such is regularly reviewed and updated should the need arises.

As DABIREMCO continues to evolve and adopt to recent development in the social sphere, it has institutionalized and embrace Gender and Development (GAD) in its operation. DABIREMCO’s vision, mission, objectives, goals and core values were amended to mainstream GAD in the policies, projects, activities and programs of the Cooperative. DABIREMCO has initiated the development of a computerized GAD database and survey, and maintains an updated sex disaggregated data. All its management staff has attended the Gender Sensitivity Training (GST) for them to understand the role of men and women, and appreciate the significance of gender equality. A seminar on gender fair language was also conducted and its use is being observed in all cooperative documents, contracts, communications and correspondence. The functional GAD committee of DABIREMCO ensures the implementation of the cooperative’s GAD program and activities.

Currently, DABIREMCO is constructing its website that would allow its members to access its account for query purposes, submit loan application and get information on the Cooperative’s programs, activities and other updates.

With the able leadership and dedicated service of DABIREMCO Board of Directors headed by its passionate Chairperson and committee chairs and members together with the well-trained management staff, the continuous support of BIR-RR 19 management, and the cooperation and patronage of the members, DABIREMCO will continue to forge with strength, dynamism, dedication and integrity.