QUEZON CITY -- NATCCO has approved loans to three transport co-operatives to acquire modern jeepneys for business expansion and service to commuters in their respective routes.
In a simple ceremony at the Soleste Hotel on November 13, officials of the three co-ops and NATCCO Chief Executive Officer, Sylvia Paraguya, signed the loan contract.
A total amount of Php 28.55 Million was released to enable the co-ops to acquire nine modern jeepneys.
Witnessing the agreement signing were officials of Auto Global Inc., which will supply the modern units.
Exodus Transport Cooperative comprises 88 members and was registered with the CDA on January 2020. ETC covers three approved routes: Novaliches – Cubao, Novaliches-Monumento, and Novaliches-SM North.
Cabuenos Transport Cooperative registered with the CDA in January 2019. It ceased operations from 2020 to May 2023. Its business operations cover routes in Laguna Province: Calamba to San Pedro, Pacita, and Binan. The co-op now has 25 regular members.
Arca Guadalupe Market! Market! Transport Cooperative or Arguamar TC was established in 1997 as an Association, but registered with the CDA in 2020. The co-op launched its first 5 modern jeepneys in September 2023 with financing from Nueva Segovia Consortium of Cooperatives (NSCC).
Today, the co-op has 31 members plying the Taguig to Makati City routes: FTI Arca to Rizal Exit C5 Service Road and to Market! Market! and Guadalupe in Makati City.
Providing insurance for the co-ops is CLIMBS Life & General Insurance Cooperative.
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