Dear Members,

I'd like to take this opportunity to thank everyone for their support throughout what has been an unprecedented couple of years. But despite the difficult times, our Cooperative has thrived, maintained the course, and is leaving 2021 as another successful year. Unaudited financial statements show we'll be ending the year with close to P90M in Assets which is about 15% increase vs prior year. At the rate we're going, I'm confident we'll break the P100M-mark by next year, a truly significant milestone for a cooperative that's barely 8 years old.

As I often say, the success of our Cooperative is built on the support of our members and the efforts and dedication of our officers and Board of Directors all these years. And this year is no exception.

Sharing some of our accomplishments this past year:

• Granted close to P40M worth of loans which helped a lot of members in their financial need particularly in this difficult time.
• Damayan Claims - we were able to provide burial assistance to 29 members through our Damayan Benefit where we provide financial assistance to members who lost a dependent up to the 1st degree of consaguinity and affinity plus siblings.
• Family Members as Coop Members - we've opened membership to relatives and dependents of members to allow them to enjoy the benefits of being a coop member.
• Added three IT/BPO companies as part of HPPCOOP namely, Planate Management Group South East Asia Corporation, Soga Asia Technologies Inc, and Razza Consulting Group Inc. This is part of our advocacy to introduce the cooperative advantage particularly to smaller IT/BPO companies who may not have the size or the capacity to put up a cooperative of their own.
• Vacc2Normal Campaign - in support of the government's National Vaccination Program, we've offered a special Vacc2Normal Loan with a very low interest rate of just 0.55% per month exclusive to vaccinated members.
• Enhanced Share Capital Loan - as the pandemic continues, to further help members in this difficult time, we've launched the Online Share Capital Loan that's payable up to a maximum term of 5 years with maximum loanable amount of up to P500k depending on their Share Capital.
• Real Estate Loan - to make it easier for members to invest in their dream house/condo/property, we've launched our Real Estate Loan with a maximum term of up to 15 years and maximum loanable amount of up to 90% of the total assessed value of the property/construction (up to max of P3M).

Although the economy is starting to open up a little, the threat of COVID-19 remains. Trust that HPPCOOP will be here to support you as we all live through this pandemic. In the meantime, please stay safe.

Stay tuned as more programs are in store for next year. In behalf of the Board of Directors and officers of our cooperative, I wish you and your family only the best as we look forward to a better 2022.

Yours in the spirit of cooperation,

Val Hilario