The Extent of Contribution of Cooperatives Towards the Development of Socio- Economic Status of Beneficiaries in Local Government Units of Bukidnon

There are countless contributions of cooperatives in the development of the socio-economic status of their members compared to when they are not yet members. The purpose of this study was to determine the extent of the contribution of cooperatives to the development of the socio-economic status of their members before and after they became members of the cooperative. There were 161 members proportionately taken from the 10 cooperatives of the cities of Malaybalay and Valencia.  A descriptive statistical technique was used in this study: the mean and standard deviation were used. Overall, the result showed that the socio-economic status of the members before their membership in the cooperative is average.  It is further shown that the extent of contribution of cooperatives to the development of the socio-economic status of their members after their membership in the cooperative is high. It is no longer limited to the satisfaction of their basic needs but problems on basic needs, financial aspects, support to education, health care, and life insurance are reduced and answered.

Keywords: Cooperative, socio-economic status, development, local government unit, members