A BRIEF HISTORY OF SIDC Sorosoro Ibaba Development Cooperative (SIDC) is first established as Sorosoro Ibaba Farmers’ Association last March 19, 1969, thru Mr. Barte who acted as the President
and as the General Manager. It was registered with the Securities and Exchange Commission and was issued with a license. The association was funded initially by 59 members who voluntarily contributed two hun
dred pesos each for a total capital of Php 11,800.00. It was used for the construction of a goods store that offered basic commodities needed by the residents. Since some have started poultry and hog raising, feeds and other veterinary products were made available. The association has also become a dealer of different products, which were offered at low prices. In 1972, the association became the Samahang Nayon ng Sorosoro Ibaba. The success of the operation
has strongly encouraged additional members to a total of 500, large enough for an organization to qualify as a full-pledged cooperative. Samahang Nayon ng Sorosoro Ibaba, Inc. became Sorosoro Ibaba Consumers’ Cooperative in November, 1978. Five years later, it was registered with the Ministry of Agriculture as a development cooperative. Only then the cooperative was renamed Sorosoro Ibaba Development Cooperative, Inc. (SIDCI). It became Sorosoro Ibaba Development Cooperative (SIDC) in 1997. As of December 2015, the cooperative has 9,899 regular members and 13,942 associate members.
