GANASSI, LANAO DEL SUR – Panamar Ko Ranao Marketing Cooperative is proud to announce a period of exceptional financial health and operational success, underscoring the strength and resilience of our community-driven business model. Our latest financial results demonstrate not only significant growth but also our unwavering commitment to sharing that success with our member-owners.
In a landmark achievement for the cooperative, our net surplus grew by over 170% in a single year, increasing from PhP 53,610 in 2023 to PhP 144,900 in 2024. This remarkable growth is a testament to the effective management, strategic planning, and the collective hard work of our members and leadership.
This year’s success is part of a larger story of sustainable growth. From an initial paid-up share capital of just PhP 15,000 at our founding in 2017, the cooperative’s total assets have now grown to over PhP 2.8 million.
Sharing the Fruits of Our Labor
For Panamar Ko Ranao, financial growth is a tool for community empowerment. In line with cooperative principles, our success is directly shared with the members who make it possible. In 2024, we allocated over PhP 101,000 for distribution to our members through interest on share capital and patronage refunds, directly rewarding their contribution and investment in our collective enterprise.
“Our financial health is a direct measure of our ability to serve our members,” stated Chairman and General Manager Hamdanie T. Tahir. “This growth allows us to not only provide stable livelihoods through fair trade but also to share the fruits of our collective labor, reinforcing the strength of the cooperative model.”
These strong financial indicators position Panamar Ko Ranao for its next phase of growth, including the development of an integrated processing facility, and prove that a community-centered enterprise can achieve remarkable success.