Organized by 23 pioneering members with the support of Red Ribbon Bakeshop Management in Feb. 15, 1994. The (23) employees of Red Ribbon Bakeshop Inc. met to seek resolutions on how they will be able to help their co-employees who are financially troubled while trying to meet the needs of their families. The core group studied the principles, values, history and operations of diff. successful Coops in Bulacan and Metro Manila. After that they started to save and pool thier resources that serves as initial capital of the cooperative. They are able to pool P62,500.00 as the required paid up capital for registration with the Cooperative Development Authority.