History of MSCCP

Founded in March 2001 as SIKAP Philippines Foundation,later accelerated to Federation of Mutual Savings and Credit Cooperatives of the Philippines and on April 2014, the board of directors and members decided to merge all the primary cooperative of MSCCP. It is now called MUTUAL SAVINGS AND CREDIT COOPERATIVE 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. CICM has been created in 1979 by the French Cooperative Bank, Credit Mutuel. Present since thirty-two years in developing countries, CICM puts the emphasis on solidarity-based values and on savings as a way to alleviate poverty.

The international involvement of Credit Mutuel is based on the promotion of these values as a key component of an effective economic and social development for cooperative institutions in search for sustainability. Interventions in favour of a cooperatives network are not based on the criteria of financial profitability but by political, economic and cultural abilities of these actors to share these cooperative values.

Opening its first three branches in Talaba, Binakayan and Rosario way back in 2001. Soon after eight more branches followed which opened in Cavite City, Tanza, Las Pinas, Zapote, Naic, Imus, Noveleta and General Trias. In April 2010, Dulong Bayan office was also open.

Year 2011, MSCCP is registered as a cooperatives Federation by the Cooperatives Development Authority (CDA).

In several years of quality service, MSCCP has more than 8,400 members as of today which are composed of small entrepreneurs, students, housewives, local employees and retirees.