The Samahang Kooperatiba ng M.Lhuillier Pawnshops' Employees or SAKO as it commonly known to its members was conceptualized on September 1997 and conducted its first ownership meeting with VICTO on December 1997 and was organized and registered with CDA on September 1998. The Founder Mrs. Judith Jardeloza Peralta, CPA the former ML VisMin General Manager together with the twenty-five (25) original and founding members raised a total contribution for the Share Capital and generated an amount of Php 26,000.00 at one thousand pesos each. And upon its registration the total Capital Share generated was Php 71,500.00 and it begun its credit services in 1999.
