The Guiwanon Multi-Purpose Cooperative (GMPC) has increased its net income by 51% or P263,920.00 as reported in their Audited Financial Report ending December 31, 2010. 

 

Forty-four percent (44%) or P116,951.00 of this amount comprised by the General Fund. This was followed by the Lending Services at 40% or P104,514.00 and Production at 16% or P42,454.00. The General Fund composed of  the income derived from the consumer store, catering services, water facility, transport facility and membership fees. The Guiwanon Consumer Store which is located at the Multi-Purpose Center of the Justice, Peace and Integrity of Creation—Integrated Development Center (JPIC-IDC) at Guiwanon, Bantayan, Cebu consistently contributed the biggest income to the General Fund. To expand the Consumer Store service, GMPC had recently launched its soft opening of its new branch in Kabangbang, Bantayan, Cebu. The Lending Services comprised the loan interests, service fees and penalties while Production composed of the sales from processed food products.