According to the Cooperative Development Authority, there are24, 652 cooperatives in the Philippines as of 2015. In addition,cooperative membership drastically went up from 7 Million in 2010to 14 Million in 2015.

But what literally cooperatives are? How can it help thefinancial status of every Filipino? Can we invest in cooperativesand earn money?

What we have for today is Mr. Armand Bengco the executivedirector of Colayco Foundation for Education, Inc, host of the tvprogram Pisobilities, co-hosts a radio program with Francisco J.Colayco titled Pera Mo. Palaguin Mo and the General Manager of KskCoop.

This interview is titled What Are Cooperatives And Things YouNeed To Check Before Investing On Them

In this interview, you will hear...

1.The difference of a cooperative to a corporation, to a bankand to a loan and savings association.

2. The minimum number of people required starting acooperative.

3.The major type of cooperatives being put up in thePhilippines.

4.The types of cooperatives and which one is fit for growingyour money.

5. You will also hear if money inside cooperatives is insured ornot.

6.Which government agency monitoring cooperatives in thePhilippines.

7.The type of membership in cooperatives and what are thebenefits for each type.

8.Finally, Five things that you need to check before joining acooperative.