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FICCO Mutual Benefit Association Philippines publishing 2009 figures
Philippine Information Agency, 11 March 2010
The First Community Cooperative (FICCO) is now considered as the biggest community cooperative in the country, pouring a total asset of Php3.68-billion, deposits of PHP 1.6-billion and common shares of PHP 1.32 billion with a total membership of 129,493 at the end of 2009.
FICCO has also established Mutual Benefit Association in response to government initiatives in pushing microinsurance to help the poor mitigate risks. Said cooperative MBA has generated a total premium of PHP 50 million in 2009, up to 92% from the previous year's PHP 26 million.
With about 16 branches and business centers all over Mindanao, Chairman Daba emphasised that FICCO keeps on growing stronger because of the members' trust and confidence on its management, while "we develop culture that focuses on quality service, good governance, sacrifice, volunteerism, and efficiency."
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