News

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.

HPPCOOP would like to welcome Planate Management Group South East Asia Corporation (PMGSEAC) into its cooperative family! On March 15, 2021, HPPCOOP and PMGSEAC signed a Memorandum of Agreement which will allow PMGSEAC employees to become Associate Members of HPPCOOP and enjoy the benefits of a cooperative that’s focused on uplifting the lives of IT/BPO employees in the Philippines.

Planate is a multinational company headquartered in Virginia, USA. It provides facilities engineering and management consulting services worldwide. In 2013, Planate came to the Philippines to set up PMGSEAC to complement its global team of licensed professionals. Based in Subic, Philippines, PMGSEAC is a business/knowledge process outsourcing company focused on consulting services that specializes in Computer-Aided Drafting (CAD), Designing, and Modeling.

“We are glad to know that HPPCOOP is open to accepting IT/BPO companies like us. With just around 70 employees, it will be very difficult for us to put up a cooperative of our own. Joining HPPCOOP, our employees will immediately be able to leverage on their size and enjoy the benefits that existing HPPCOOP members already enjoy. This is a big help both for our employees and our company,” shared PMGSEAC Business Support Group Executive Vice President, Ms Caryll Orcales.

HPPCOOP-PMGSEAC MOA signing. From Left: Miroa Ramirez (PMGSEAC VP for HR), Val Hilario (HPPCOOP CEO), Caryll Orcales (PMGSEAC EVP for Business Support), and Teena Nartea (VP for Finance).

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.

The HPP Employees Multipurpose Cooperative has signed a Memorandum of Agreement with Soga Asia Technologies Inc. to allow Soga employees to become members of HPPCOOP. With the agreement, Soga employees will be able to leverage being part of a bigger organization and get the same benefits being enjoyed by other members of the Cooperative. 

Soga Asia Technologies is a small software company based in Alabang that specializes in Integrity Management Services for the Oil and Gas Industry. Founded in 2002, Soga has a number of clients across  Asia and around the world. "We are excited to be part of the HPPCOOP family. Being a small company in terms of number of employees, joining HPPCOOP will be a big help for us especially the affordable HMO for family members as well as the different savings and loan products available." shared Soga General Manager, Mel Dulay.

"The objective of HPPCOOP is really to help as many IT/BPO employees as we can.", said HPPCOOP CEO, Val Hilario. "Particularly for small IT/BPO companies that don't have the capacity or the required number of employees to put up a cooperative of their own, HPPCOOP is offering itself to them so that their employees can enjoy the benefits of cooperativism. Larger IT/BPO companies that may not have the time to start a cooperative from scratch are also welcome." added Val Hilario.

Photo shows Val Hilario and Mel Dulay signing the MOA at a simple ceremony held at the Orchard Golf and Country Club on March 11, 2021.