Cooperative Development Authority(CDA)

June 28, 2021 Dear Cherry Mangaoang, Greetings! Thank you for your request dated Jun 13, 2021 05:48:25 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for information about I Phil savings and cooperative. Response to Request Your FOI request is approved. This is in response to your request for information about I Phil Savings and Credit Cooperative. The IPHIL SAVINGS AND CREDIT COOPERATIVE is registered with CDA Cebu Extension Office with Registration No. 9520-1070000000038814 dated August 24, 2017 located at Shoppe 103 Coco Mall Bldg., Osmena Blvd., Capitol Site, Cebu City. It is a credit type of cooperative with an area of operation within Region VII. The CDA Cebu Extension Office issued a Cease and Desist Order for I Phil Savings and Credit Cooperative on June 9, 2021 for the investment-taking and networking activities, recruitment of members outside the area of operation and acceptance of savings/time deposits from members without written policies and records to support its current operation. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Chairman Joseph B. Encabo at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, Giovanni Platero FOI Receiving Officer