Sorosoro Ibaba Development Cooperative (SIDC)

The Sorosoro Ibaba Development Cooperative (SIDC) began as a small farmers’ association in Sorosoro Ibaba, Batangas on March 19, 1969. It was initially funded by 59 members who each contributed ₱200 to build a store that supplied basic commodities. As poultry and hog raising became popular, the association expanded to include feeds and veterinary supplies.

Over the years, it evolved into a full-fledged cooperative—changing names from Samahang Nayon ng Sorosoro Ibaba to Sorosoro Ibaba Consumers’ Cooperative and finally to Sorosoro Ibaba Development Cooperative (SIDC) in 1997. Today, SIDC is one of the largest agri-based cooperatives in the Philippines, with over 49,000 regular members and 22,000+ associate members across Batangas and neighboring provinces like Laguna, Quezon, Mindoro, Romblon, and even Metro Manila.

Why Join SIDC?

Joining SIDC means becoming part of a community that gives back to you—whether in savings, loans, education, or healthcare. But, SIDC offers more than just financial services—it also provides a community-driven support system for its members. 

Here are some of the other benefits that SIDC membership entails:

• Patronage Refund: Get a portion of SIDC’s profits based on your purchases and loans—money goes back to you annually.
• Scholarship Grant: Your child can qualify for a scholarship if you’re an active member with good records and ₱20,000+ in annual purchases.
• Study Now, Pay Later Loan: You or your child/sibling can get a college or postgraduate loan with real estate collateral—pay after graduation.
• Free Medical Check-Up: Scheduled free health check-ups for qualified members.
• SIDC Care (Medical Assistance): Medical benefits based on your usage of SIDC services and product purchases.
• Emergency Loan: Borrow up to ₱80,000 with no co-maker and 1-day processing.
• Year-End Incentives: Get cash incentives every year based on your total coop transactions.
• Mortuary Benefit: Financial assistance to your legal beneficiaries if you pass away as an active member.
• Technical & Marketing Assistance: Support for starting or growing your farm or business (e.g., feeds dealership, contract growing).
• Seminars & Trainings: Learn new skills and gain access to business and financial literacy programs.
• No Co-maker Needed (for collateralized loans): More accessible loan options without needing someone to guarantee you.
• No Barangay Clearance Required: Faster loan and membership processing.
• Higher Interest on Savings & Deposits: Earn more through your savings, with no withholding tax.
• Trip Incentives & Christmas Gifts: Perks for top depositors and borrowers every year.
• Access to SIDC Retail Stores: Shop essential goods at fair prices and earn rebates through patronage.

Loyalty Rewards Program Benefits

They also offer tiered program benefits as loyalty rewards and these rewards include: 

• Gold Category
  • 2% interest discount (except Agri & Emergency Loans)
  • 1% discount on service charge
  • Up to 90% loanable vs. savings/time deposit (with good standing)
  • Up to 80% of real estate collateral value (60% for tax dec only)
• Silver Category
  • 1% interest discount (except Agri & Emergency Loans)
  • No co-maker required for collateralized loans
  • Emergency loan up to ₱80,000 with 1-day processing
  • No barangay clearance required
• Bronze Category
  • Regular rates and requirements apply

SIDC Products and Services

SIDC operates in various sectors to serve its members effectively:

1. Financial Services (KooPinoy SIDC Savings and Loans)

KooPinoy is SIDC’s financial branch that provides tailor-fit loan and savings options such as:

• Deposits: KooPinoy allows members to save money and watch them grow with the right savings product.
  • Regular Deposit
  • Time Deposit
  • myFuture Savings Fund
  • Young Savers Club

• Loans: KooPinoy extends loans with competitive interest rates and a wide range of custom-made financial services.
  • Non Collateralized loan
    • ECL Multi Purpose Loan (Maximum loanable: ₱5,000,000)
      • Hog Fattening: ₱6,000 per piglet (5 months term)
      • Hog Breeding: ₱10,000 per sow (7 months term)
      • Broiler: ₱10,000 per 100 heads (2 months term)
      • Duck Layer: ₱16,000 per 100 heads (2 months term)
    • Member’s Easy Emergency Loan
    • Micro and Small Enterprise Loan
    • Institutional Loan
    • Agricultural Production Loan
  • Collateralized Loan
    • Cash Loan
      • STL Cash Loan
      • MTL-Cash Loan
      • LTL-Cash Loan
    • Vehicle Loan
      • Car Loan
      • Motorcycle/Tricycle Loan
      • AgriFarm Equipment Loan
    • Appliance Loan
    • Memorial Loan
    • Business Loan
    • Special Loan
    • Study Now, Pay Later
    • SIDC Coop Pabahay Loan
    • Construction Loan
    • SIDC Expanded Credit Loan
    • Condominium Loan
    • Solar Power Financing Program Loan
• Insurance: It also ensures that members are secured and protected through its various insurance programs.
  • Life Insurance
    • Group Yearly Renewable
    • Coop Loan Protection Plan
  • Non-Life Insurance
    • Comprehensive Insurance
    • Fire Insurance
    • Coop Aksi Plan
    • Student Group Accident Insurance
    • Third Party Liability Insurance (TPL)
• Investment
  • Layer Farm Investment
  • 777 Retailing Store Investment

Members can also access allied services like bills payment, e-load, and local/international remittance.

2. Consumer Retailing

SIDC offers consumer goods at fair prices in a clean, safe, and member-friendly environment. Benefits include:

• Loyalty program and promotions
• Patronage refunds
• Wide range of essential goods
  

3. Agricultural Support and Livelihood Programs

• Paiwi System (Contract Growing): Members can join SIDC’s contract-growing initiative where they raise hogs supported by the cooperative.
• SIDC Feeds Dealership Support: Members can open their own SIDC Feeds outlets with the help of a credit line.
• Agricultural Inputs: SIDC provides products like Koop Likas organic fertilizer to help boost crop production.
• Technical Assistance and Training: Members receive guidance on modern farming techniques and equipment.
• Financial Literacy and Enterprise Development: Programs are available for farmers to improve their management and entrepreneurial skills.

Who can Join

SIDC has a voluntary and open membership, which means that anyone can join regardless of background as long as they can use SIDC services and fulfill responsibilities.

SIDC membership also means having:

• Democratic Member Control: Each member has one vote and can influence decision-making.
• Member Economic Participation: Members contribute to and benefit from the cooperative’s capital and surplus.
• Autonomy and Independence: SIDC maintains self-governance even when partnering with external groups.
• Education, Training, and Information: Continuous learning opportunities are provided to strengthen cooperative operations.
• Cooperation Among Cooperatives: SIDC works with other co-ops at all levels for greater impact.
• Concern for Community: SIDC actively supports community growth through its policies and programs.

Requirements

Before applying, you may want to prepare the following requirements in advance:

• Copy of your birth certificate or a government-issued ID with your date of birth, 
• two 2×2 pictures
• Taxpayer Identification Number (TIN)

How to Join SIDC

Joining SIDC is open to anyone willing to use its services and accept the responsibilities of being a member. You can apply for SIDC membership either onsite or online. Here’s a step-by-step guide for both methods:

Onsite Application

Step 1. Inquire at the SIDC counter

Ask for the list of membership requirements and the schedule for the Pre-Membership Education Seminar (PMES).

Step 2. Prepare the requirements

Bring all required documents and a ₱600 membership fee on the day of your scheduled PMES.

Step 3. Attend the PMES

Join the seminar to learn more about SIDC’s principles, benefits, and responsibilities as a member.

Step 4. Submit your documents and share capital

Hand over the completed requirements along with your initial share capital deposit.

Step 5. Wait for confirmation

The cooperative staff will review your application and inform you of the next steps.

Online Application

Step 1. Visit the official SIDC website

Go to https://sidc.coop.

Step 2. Access the membership page

• Scroll down on the homepage and click “Learn More” under the Membership section,
• OR click the Menu, select Membership, or go directly to: https://sidc.coop/membership

Step 3. Start your online application

Scroll down and click the “Online Membership Application Form” button.

Step 4. Create an account or apply directly

Click “Create a Member Account” or “Apply for Membership” to proceed.

Step 5. Fill out the form

Complete the required details, tick the checkbox to agree to the coop’s data privacy policy, then click Sign Up. You’ll be asked to fill out basic personal and contact information, such as:

• Full Name
• Complete Address
• Phone and Email
• City, Province, Country

Step 6. Wait for confirmation

SIDC will contact you with further instructions and updates regarding your application.

Fees

You will need to pay the minimum share capital to become a regular member. That said, it’s best to take note of the following:

• The minimum share capital is ₱3,000, but you can pay at least ₱600 initially, with the remaining balance payable within 2 years. 
• The membership fee is ₱2,500 or $50 for Overseas Filipinos. 
• You can make payments at any SIDC branch or through bank deposit. 

Ready to become a member? Apply online now: https://sidc.coop/membership

Video: How to Become a SIDC Regular Member

SIDC not only continues to thrive 55 years after it was established. In fact, it has even grown to be one of the largest cooperatives in the country by focusing on its members’ needs—especially farmers and entrepreneurs who want fairer opportunities in finance, agriculture, retail, and community development. Whether you’re looking for flexible loans, reliable savings plans, or opportunities to grow your livelihood, SIDC offers an accessible and supportive cooperative experience in the Philippines. For a visual walkthrough on the application process at SIDC, watch this video below:

Contact Information

For inquiries regarding SIDC Membership or SIDC Product & Services, or to send feedback, you may visit any nearby SIDC office or establishment or send them a message via the contact form available here: https://sidc.coop/membership/.

You may also reach out to them via the following:

• Tel. No.: + 63 (0)300 4058
• Email: info@sidc.coop