purchase food packs, rice and other essential items and were distributed to the cooperative members, frontliners and to the vulnerable sectors of the community. Figure 19. Number of Cooperatives and Beneficiaries Assisted by the CDA (As of May 12, 2020)
Source: Cooperative Development Authority VI
The operations of the cooperatives were constrained during the pandemic. The cooperatives find it difficult to access the programs and projects being offered by partner-agencies as well as in marketing or transporting their products. They could not conduct regular meetings, assemblies, and other gatherings because their members find it difficult to participate in these activities because of the lack of public transportation and other restrictions imposed by the ECQ. These also forced them to cancel scheduled capacity building program and livelihood activities. The constraints also resulted to delayed submission of mandatory reports. Borrower’s delinquency in housing loan amortization resulted to low collection efficiency and non-performing loans. Despite the three-month moratorium in loan payments, there are some housing loan borrowers who lost their income and livelihood and will likely remiss in the payment of loan amortization. The worst case scenario may result to foreclosure of assets of borrowers or increase in non-performing loans. Slowdown in housing-related transactions. No housing related transaction involving the issuance of all types of permit, certificates of registration, licenses to sell, development permits Western Visayas COVID-19 Regional Recovery Plan Assessment of the Effect of COVID-19 in Region VI 36
