Professional Documents
Culture Documents
The Rural Credit Law January 20, 1908
The Rural Credit Law January 20, 1908
The unanimous approval of the bill that aims to protect and develop the agricultural interest of
the country, which was prepared by the then-governor of Bulacan, Teodoro Sandiko, after the
Raiffeisen type of credit union. It was also sponsored by Rep. Albert Barreto of Zambales in the
lower House of Congress.
Cooperative Federations.
1986
With the recreation of democratic space, the cooperative leaders lobbied aggressively for the
adoption of a cooperative-friendly legislation.
March 10, 1990
They got all out support of Senators Aquilino Pimentel, Jr. and Agapito Aquino in having the Bill
passed and signed as law (R.A. No. 6938) by President Corazon C. Aquino. A companion law
was also passed creating the Cooperative Development Authority (RA NO. 6939) which
provided the abolition of the Bureau of Agricultural Cooperatives Development (BACOD). With
the passage of the Code, a powerful instrument for economic progress and development has
been placed in the hands of the people.