I would like to congratulate everyone for two very successful years as a cooperative. HPPECC has experienced steady growth because of all of your support. Year-on-Year Asset growth is currently at more than 400% as of August 31, 2016 to P15M+. Membership has grown to more than 800 and we're well on our way to reach our target of 1,000 members by end of the year. We've had to amend our CDA registration to increase capitalization to P10M. But even that is not enough anymore so we'll be requesting to increase capitalization to P50M by next year. All of this we were able to do in just two years coming from scratch. Imagine where we can be in the next two years now that we've grown.
See the 2nd Anniversary photos here.
Yours in the spirit of cooperation,
Val Hilario
Chairman (2015-2017)