MSCCP is a non-stock, non-profit, and non-political network of cooperatives duly registered with the Cooperative Development Authority (CDA), Securities and Exchange Commission (SEC), and Bureau of Internal Revenue (BIR).
It was founded in March 2001 under the name SIKAP Philippines Foundation and later accelerated to Federation of MSCCP (Mutual Savings and Credit Cooperatives of the Philippines). MSCCP is supported by CICM (Centre International du Credit Mutuel), an international non-profit organization dedicated to promote economic and social development in developing countries by giving everyone access to financial services, especially people excluded from the traditional banking sector.
CICM is MSCCP's sustainer and partner in order to develop a network of financially autonomous and independent credit cooperatives with productive, democratic and self-reliant communities based on the principles of solidarity.
MSCCP is a cooperative banking network owned by its members and controlled by voluntary elected representatives. 12 Branches in Cavite Province and Las Piņas serve 13,000 members
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