Skip to content
HarborlightCooperative

About the cooperative

No outside owners. Just members.

Harborlight Multi-Purpose Cooperative was started by neighbours in Cebu City who wanted a safe place to save and a fair place to borrow. It is still run the same way: by the members, for the members.

Become a memberVisit an office

How a cooperative works

Six principles we answer to

Every cooperative registered in the Philippines follows them; they are written into the Cooperative Code, Republic Act 9520.

  1. 1

    Open to anyone

    Membership is voluntary and open to anyone of legal age who can use our services and accept the duties.

  2. 2

    Run by the members

    One member, one vote. The general assembly elects the board and approves the budget and the dividend.

  3. 3

    Owned by the members

    The capital is the members' own shares; the surplus is theirs to share or to keep in the coop.

  4. 4

    Education every year

    Part of every surplus pays for seminars for members and officers, as the law requires.

  5. 5

    Working with other coops

    We belong to a federation, and part of the education fund goes to it.

  6. 6

    Care for the community

    A community development fund pays for projects in the barangays where members live.

Elected by the members

The board and committees

The board and committees are elected at the general assembly for staggered terms; the manager and staff are appointed by the board.

Board of Directors

  • Maria Luisa R. AbellanosaChairperson
  • Cristina G. YbañezVice-Chairperson
  • Lorna D. EscarioDirector
  • Marilou C. DumdumDirector
  • Liza M. PagesDirector

Committees

  • Felix T. CenizaAudit Committee
  • Rosario B. OuanoAudit Committee
  • Nenita G. LapitanElection Committee
  • Rebecca T. YapCredit Committee
  • Aurora S. LumapasCredit Committee
  • Josefina R. VillacortaCredit Committee
  • Gemma R. BorromeoEducation Committee
  • Teresita A. SumalpongEthics Committee
  • Ricardo G. MabanagMediation and Conciliation Committee

Management

  • Cecilia M. RamaSecretary
  • Victoria P. GullasTreasurer
  • Teresa S. VillamorGeneral Manager

Registrations

Registered, audited, tax-exempt

Our financial statements are audited every year and filed with the Cooperative Development Authority with the rest of the annual reports.

BIR Certificate of Tax Exemption
CTE-DEMO-081-2022
CDA Certificate of Registration
9520-DEMO-07041
Tax identification number
000-DEMO-186-000