Words: 7136
JOLLIBEE FOODS CORPORATION COOPERATIVE HISTORY JFC-Coop started its operations on April 19, 1988. This was registered and founded by 15 Incorporators (all employees of Jollibee Foods Corporation) as JFC Employees’ Consumers Cooperative, Inc. , with its Head Office located at Culmat Bldg. , E. Rodriguez Ave. , Quezon City. The coop started with the primary purpose of helping members augment their income with the daily expenses that they incur, by lending small loans, and at the same time selling consumer items and groceries. 1987
The idea of putting up a Cooperative within the company was conceptualized, thus, the JFC – ECCI (Jollibee Foods Corporation – Employees’ Consumers Cooperative, Inc. ) was formed. * April 18, 1988 – the Jollibee Foods Corporation – Employees’ Consumers Cooperative, Inc. was registered to the Cooperative Development Authority 1988 – 1991 * During its 3rd General Assembly, the BOD reported, for the first time since its Incorporation, that the COOP registered a positive net income * Issued its first Stock Certificates to the members The COOP changed its name from Jollibee Foods Employees’ Consumer’s Cooperative to Jollibee Foods Employees’ Multi Purpose Cooperative 1998 – 2000 * The COOP launched new loan products, like the JED Motorcycle Acquisition Program, Tulong sa Hanap Buhay Program, Housing Loan, and the COOP Housing Equity * A savings facility the COOP Premium Fund Program (to be later called Premium Savings Fund) * First time that the COOP conducted a Business Planning Seminar to assist members in the preparation of a Business Plan as one of the requirements in applying for a livelihood loan This period registered the COOP’s highest growth of Total Assets in terms of percentage, which increased by 59% from P11M in 1998 to P27M in 1999. 2001 * Greenwich and Chowking were made part of the JFC-Coop Family * JFC – Coop held its first ever Coop Planning together with the BOD and Management Staff. During this meeting, they were able to formulate the COOP’s Vision/Mission, and the path that the BOD would like the COOP to pursue. They also tackled everything about membership, COOP financial statements, and the proposed amendments of Articles and By-Laws. 2002 * Delifrance joined the growing network of JFC – Coop Family Operations were computerized, adopting a system that made the Coop transactions faster and more efficient. * The Coop successfully made its first ever ‘Fund Transfer’ Transaction, wherein proceeds of the loan availed by the member were transferred to their payroll account via electronic transfer. * Total Deposits in the form of Member’s Savings went up by 40%, from P12. 3M in 2001, to P20. 5M in 2002 * Total Member’s Capital Share almost doubled, with P23. 2M in 2001, to P40. 4M in 2002, or an increase of 43%. * Total Assets increased by 32% from P57M in 2001 to P84M in 2002. 2003 The COOP marked its 15th Anniversary highlighted by different activities, such as trade fair, fun walk, livelihood seminars, and Star Search. * Staged a Graduation Party for 23 children sponsored by the COOP in its supplemental Feeding Program, in line with COOP’s thrust to assist charitable causes, utilizing earnings from fund raising activities that members wholeheartedly support. * The COOP welcomed Franchises to be members of its organization. * The COOP has been given the honor of being named as one of the Ten Best Performing Cooperatives in Pasig City for 2003 out of about 80 cooperatives registered in the city.
Our Coop is distinguished as one of the best in terms of membership generation, share capital build-up, savings mobilization, and community outreach programs. The award was given on the occasion of the Cooperative Recognition and Awards Night of the City of Pasig last November 12, 2003 in Pasig City Hall * COOP’s total asset reached the P100M mark. 2004 * TheCOOP helped fund the Patricia Mae Sarmiento’s liver transplant, as part of its social responsibility * Opportunity loan was launched * The COOP strengthened its funds by campaigning intensively for savings from its members, thus resulting to added resources for the COOP Hailed as the Top Coop Performer in terms of Volume of Business by Pasig City Cooperative Development Council and Samahang Kooperatiba sa Pasig * It was during the last quarter of 2004 that the Chicken sales was introduced to the members * Savings increased by 53%, from P27. 8M from 2003, to P59. 6M in the year 2004. 2005 * The COOP conducted Series of Business ; Investment seminars designed to orient Coop members on the fundamentals of business and financial investment and get briefed on actual investment option around that were discussed lecturers and resource persons form private companies. Conducted a Mini-Fair to showcase lower priced goods and services from different companies for selling to both members and non-members * Awarded as the Outstanding Multi – Purpose Cooperative – Institutional Type, Large Category (Cooperative Development Authority) * Cited as Huwarang COOP ng Pasig (Pasig City Cooperative Development Council) * The Coop re-launched its Vehicle Loan to members * A drastic increase of 36% in Total assets took place, from P147M during year 2004, to P230M in 2005 * An increase in Member’s Deposits saw the Savings increase by 42%, rought about by continued campaign for the members to save and invest their excess funds to COOP. 2006 * Coop stretched its wings by conducting Coop Trade Fair to different areas, such as: * Auto Trade Show, generated sales of P5. 9M * Cebu Caravan, P3. 4M * Union General Assembly, P1. 7M * Zenith Fun Day, P0. 60M * RBU North Luzon Sales Rally, P2. 2M * RBU Mega Manila Sales Rally, P1. 2M The COOP also conducted caravans during South Luzon Olympics, Cebu General Assembly, Enchanted Kingdom Family Fun Day, & Cagayan De oro Jollibee Convention. Re-launching of housing loan, which may be availed to finance purchase of lot, house and lot packages, construction of house on own lot, refinancing of existing housing loan from banks and government agencies. * During the Cooperative Recognition Day, JFC Coop received the HALL OF FAME AWARD, for being a consistent Outstanding Cooperative from year 2003 – 2005. * During this month, the COOP Management and Staff held its first ever Team Building Activity, aimed to motivate the staff to enhance communication, as well as clarify and resolve conflicts, define team values nd norms, build trust towards the setting of missions and goals for 2007 and for better management of JFC – COOP. 2007 * The COOP held a Franchise meeting to discuss issues and concerns by the Franchise members, and to update on COOP matters. * The COOP conducted General Assembly from different parts of the country, highlighted by the highest record of GA attendees held at the Jollibee Main Office. A record number of 1,300 participants graced the said event. General Assemblies were also held at different areas, such as Laguna, Bulacan, Tarlac, Alabang, Davao, & Cebu.
Coop Caravans were also set-up during General Assembly meetings in Cebu and Davao. Part of the visits made by the BOD to Cebu and Davao was the Lakbay Aral to Cooperatives in those areas. * The COOP participated in the 2007 Metro Manila Cooperative Convention held at the Manila Hotel. * The First ever Ms. Coop Pageant was held at the 32nd Floor of the Jollibee Plaza. The said event was participated in by delegates from Jollibee, Chowking, and Delifrance. The winner of this event, Ms. Clarina Ayeras of Delifrance, represented the JFC – COOP to the Ms.
COOP ng Pasig Pageant held at Pasig City Convention Center last November 2007, and bagged the First Runner-up award (Ms. Cooperation). * Total Assets reached the P280M mark or an increase of 10%, with the total Member’s Capital Share reaching P111. 30M, from P78. 7M the previous year, an increase of 29%. 2008 * Reduce portfolio risk, have implemented improvements in Credit Policies such as: Changes on Credit Limit, Co-maker on guaranteeing loans and loans balances offsetting * Introduced new scheme on Housng Loan which termed HELP “Housing Equity Loan Program”. CHRISTMAS LOAN for members BAON during the long Christmas vacation * Medium termed deposits at 8% interest rate and 5 year termed was also opened to support the HELP budget. * JFC Coop achieved their membership target growth average 80% from all companies. * Year 2008 is also a year of active participation from all members from different Business Units especially during the 20th year Anniversary in Mega Trade Hall, in Mega Mall. * Opened Scholarship Program (for Regular and Associate members) to help them to finished college. * Purchased 14 units of One Capitol Condominium at pre developed price Start conducting Employee Sale 2009 * Dividend for 2009 at 9. 12% better than 2008 of 8. 47%. * JFC coop had bought a Brand new Toyota Hi Ace Grandia and a 140 square meter Unit in Jollibee Plaza (JFC Coop Office). * Put a cap on share capital contributions, limiting up to maximum of Php 100,000 and treating the excess as special deposits. An assured rate of 7% is being given to all regular members and maintaining the 6% rates to the fixed savings of associate members. * Loan Porfolio increased by 10. 5% supported by the new loan, offered RELP (Real Estate Investment Loan), Christmas loan Release a Php 3 million interest free to the members affected by recent typhoon Ondoy and Pepeng. * Deo Leor Executive Village purchased 27 lots and sold 26 lots for a span of two months. * Purchased 11 Units in Casa San Miguel * Strengthen Education Committee * Conduct Livelihood Programs in all SBU’s * Conduct Electronic Raffle during Coop Month Celebration 2010 * Election Committee accomplished to facilitate Election 2009 by re-activating and enhancing Electronic Voting System (nation wide election for JFC Coop) and enhancing JFC Coop website. * Second Batch of Deo Leor Executive Village lots freely sold Special G. A for: Financing Jollibee Condo Corp Generator set Project and funding of Housing Program * SAKOP and PCCDC Affiliation * Participated in Coop month celebration, National Congress, National Coop Summit and Medical Mission * Opening other products that will benefit our members and gave favorable return such as: Memorial Services and Insurances * Conduct more livelihood program and training in all SBU’s * Reaching out members outside main office by intensively conducting activities and launching JFC Coop product and services in different areas.
Today, the Coop continues to perform well, with the current total assets amounting to P280M, and its membership almost reaching the 7,000 mark, with 3,454 Associate members and 3,451 Regular members, totaling to 6,905. MISSION To create and preserve wealth for members and all stakeholders. VISION Have a professionally run, progressive business organization providing life to its stakeholders and customers. L-livelihood I-interdependence F-financial development E-enterprise development ORGANIZATIONAL CHART SAVINGS One of the most important values the Cooperative encourages its members to practice is the value of thrift.
With this, the Coop offers variety of savings facilities the members can avail of. The types of Savings that the member can enjoy are the: 1. Regular Premium Savings Fund (PSF) 2. Premium Savings Fund Plus (Time Deposit) 3. Christmas Paluwagan Fund (CPF) Regular Premium Savings Fund (PSF) – regular savings deposit by members, which earns an interest, usually 2% higher than the interest offered by the banks. This type of savings is withdrawable anytime, with a minimum maintaining balance of P2,000. Premium Savings Fund Plus (PSF Plus) – earns higher interest than the Regular Savings Fund.
Interest rates vary depending on amount of deposit. Deposits are locked for 30, 90, 180 or up to 360 days, and minimum amount to be deposited is P100,000. 00 Christmas Paluwagan Fund – this type of savings deposit aims to give the members a savings facility that will be used for Christmas expenditures. Usually earns around 5% per annum, and is released every 2nd week of December. LOANS The COOP acknowledges the needs of its members. With this, the COOP extends loans to its members intended for consumption, and others as their needs arise.
Ranging from Multi Purpose Loans, (which are intended to purchase appliances, finance small businesses, pay for bills and other expenses) and Back to Back Loans. The member has a wide array of choices depending on the nature of their needs. TYPES OF LOANS *Multi-Purpose Loan To assist members in various financial obligations/needs as: Tuition Fees ; School Expenses, Car repair, debt payment, Educational Plan, Appliance or Furniture, Computer Acquisition, Mobile phone Purchase and the like. *Fast Loan To provide immediate assistance to members. For just 3 working hours of processing with a maximum loanable amount of P 10,000. 0, payable in flexible terms of 3, 6, 9, and 12 months. *Back to Back Loan To extend loans to depositors who are interested to utilize their deposit as security to their loan. *Emergency Loan To provide financial assistance to members during situations such as: sickness, death and calamity affecting the member and his immediate family *Caravan / Bazaar To provide members access to cheaper, quality goods and services, e. g. Appliances, Mobile Phones, Computer, Laptops and etc… *JFC Coop SM Credit Card To provide members a Zero percent interest rates of SM Credit Card when they purchase to any participating outlet of SM
ELIGIBILITY: * Must have fully paid the required minimum JFC-Coop capital shares as per loan requirement * Tenure of membership: must be six (6) months coop member * Must be a member in good standing * With Continuous Capital Build-up * No record of delinquency on previous availed loans * Member’s allowable deduction should not exceed 45% of his/her net take home pay TERMS OF PAYMENT: * P 99,999 below – maximum of 24 months * P 100,000 above – maximum of 36 months REQUIREMENTS * Fully filled-up JFC-Coop Loan Application Form * 15th and 30th Latest Paylip Photocopy of Latest Company (Front to Back) * Other requirements needed depending on Loan Product. THE RAMON MAGSAYSAY HIGH SCHOOL MULTI-PURPOSE COOPERATIVE HISTORY The Ramon Magsaysay High School Faculty Multi-Purpose Cooperative started when the school catches a leader who made greater heat waves in RMHS–Dr. Cristina C. Reyes in the year 1999. With her at the helm, RMHS has undergone great transformation over its 1959 version. The RMHS cooperative store started with its water station and internet cafe and Research Center, the only one of its kind in the Division of City Schools.
The RMHS Management started the cooperative to have additional financial support for the faculties. Up to now the cooperative is successfully growing in number and continuously increasing their capital. MISSION STATEMENT The Ramon Magsaysay High School Faculty Multi-Purpose Cooperative is committed to the upliftment of the socio-economic well being of the teachers and employees through the engagement in productive and viable business enterprises, and to the development of the capabilities, capacities and cooperative consciousness of members. VISION STATEMENT
The Ramon Magsaysay High School Faculty Multi-Purpose Cooperative envisions a wealthy, strong, progressive, model teacher’s cooperative in NCR with a united and empowered members. KIND The Ramon Magsaysay High School Faculty Multi-Purpose Cooperative is a Retailers’ cooperative formed by the different faculty members from different departments. REASON FOR ESTABLISHMENT Most of the Faculty members needed more income than what they’ve usually earn. So they’ve decided to put up a Cooperative to solve their financial insufficiency. PEOPLE INVOLVED
The Ramon Magsaysay High School Faculty Multi-Purpose Cooperative is composed of 132 members including these set of officers: OFFICERS BOARD OF DIRECTORS Evelyn B. Caja Chairman Cynthia Gavino Adoracion Villa Nicetas Bermudez Leonora Roque Daisy Barrera Nelia Alcazar CREDIT COMMITTEE Abelardo A. Villareal Chairman Graciano Budoy Jr. Lucita Fernandez AUDIT COMMITTEE Nicetas Hernandez Chairman Cielo Barreda Carmencita Santos APPOINTED OFFICERS Celia Martinez Treasurer Analynn Argel Secretary GOALS 1) To develop cooperative consciousness among members through continuous cooperative education programs. ) To increase income through cooperative business enhancement and expansion 3) To continue develop leaders and members on business and organizational skills and competence 4) To strengthen business operations and management. RULES AND REGULATIONS There are certain rules > The credit of each member must not exceed his paying capacity (income basis). 1) Store Patronization > The members should patronize their own item for consumption and personal business of members is not allowed in the retail store. ) General Assembly Meeting > All members are required to attend their quarterly Assembly for assessment about their cooperative. 3) Interest on Capital > Every credit or loan generates an interest of 5-10% of the principal depending on the income of the member. DIVIDENS, PRACTICES, TRAININGS & DEVELOPMENT AND PROMOTION *Dividends- these are distributed quarterly during their General Assembly meeting *Practices > Open and Voluntary Membership > Purchase on Dividend > Limited Interest on Capital *Training and Development > Work Shifting depending on the availability and willingness of the member. gt; Semi-annual Seminars for the members. > Hands-on experience for everyone. *Promotion > Chain Promotion – when the faculty officers retired, the next in line is being promoted. > Merit and Fitness Qualification KILUS (Kababaihang Iisa ang Layuning Umunlad ang Sambayanan) COOPERATIVE HISTORY August of 1997 > then Barangay Chairman Alejandro E. Santiago, a man with a very strong political will encouraged his wife Editha C. Santiago to organize a volunteer group of women mostly housewives called “Samahan ng mga Kababaihan ng Ugong” SKU as partners for the Clean and Green project of the Barangay Council.
November 19, 1998 – the SKU adapt and registered with the Securities and Exchange Commission a new name “KILUS” composed of more than five hundred (500) strong women force. In every zone, one coordinator and one deputy coordinator is assigned together with ten (10) “Zone” leaders, to monitor and lead in the cleanliness of their respective areas. This partnership got positive result when at the end of December 1999, Ugong was awarded first place as the Cleanest and Greenest Barangay in Pasig City.
Through the collective efforts of this women organization, Ugong maintained its title as the Cleanest and Greenest barangay in Pasig until at present. In February 19, 1999, KILUS launched its pet project “BAWAS BASURA DAGDAG KITA” (BBDK). At the end of the year, December 1999, Ugong earned the title of “The Cleanest and Greenest Barangay along Pasig, Marikina and San Juan River” sponsored by the clean and green foundation of Mrs. Ming Ramos. Barangay Ugong was awarded one million pesos (P1, 000,000. 00) for this title. “KILUS” then focus on livelihood projects for its members.
The search for livelihood opportunities from garbage started. The Ugong Barangay Council together with KILUS campaigned every purok household to segregate and sell their recyclables to KILUS. UBC, provided for push carts, weighing scale for buying the household scraps and all recyclable items in the community. They helped in the set up of an Ecology Center in the Barangay Hall Compound. KILUS members shared whatever amount they can afford as starting capital. KILUS buyers wear color-coded uniforms and proper identification card. Color of the uniforms depend on the purok assigned to them with an allowance of Php 75. 0 per collector/buyer for Ugong Proper and Php 100. 00 for Valle Verde. However, BBDK is limited to a very few members of KILUS and still many more are in need of additional income. In continuing search for livelihood opportunities, a seminar was held at DAP (Development Academy of the Philippines) at Tagaytay City, the budget taken out of the Php 1M allocation award money by the Clean and Green Foundation. Noted speaker Dr. Meliora of Zero Kalat sa Kaunlaran (ZKK) should useful items and one that attracted our attention is a tiny doy pack bag from discarded zesto juice.
Barangay Chairman Santiago pursued for the development of different style of products from doy packs through his livelihood staff. Chairman Andy became the model and promoter of the product wearing and bringing said products to his peers in the environmental circle. This product of Ugong attracted media attention and was featured in newspapers and TV shows. Thus, when buyers kept coming in – the Barangay turnover the technology and commercial scale production to KILUS. In 2001 KILUS branched into a Multipurpose Environmental Cooperative group duly registered with the Cooperative Development Authority.
The much needed big break came when DTI-Center for International Trade Expositions and Missions (CITEM), Special Projects Chief Vivian Castillon exposed the product in the Manila F. A. M. E. International Trade Show. With all these, the doy pack products found a significant foreign market from Japan, USA, Denmark, etc. contributing a little to our economy. The Profitability of the KILUS doy packs venture for the environment and for the members. Today, KILUS is a beneficiary of TESDA who lent tools and equipment, a Php 200,000. 00 loan granted by Mayor Soledad C. Eusebio’s Cooperative Assistance Project, Pasig City and another Php 200,000. 0 loan from Senator Rodolfo Biazon. These loans were used to purchase additional high speed sewing machine and 80 families being helped by the production of doy packs. It has become sort of an extended family enterprise. The members has its own assignment: the pulot brigade which circles around Pasig City and other cities in Metro Manila buying the doy packs from funeral homes, cemeteries, schools, residential houses, wakes, dumpsites and whoever calls up with their doy packs. The linis brigade are those who wash and sanitized the doy packs in 3 stages and dry them.
The mananahi or sewers brigade are those who earned the most from Php 2,000. 00 to Php 3,000. 00 a week. With school days around, the financial burden of their children are solved. With more than a million pieces of discarded doy packs bought and still needed to transform them into bags we save mother earth from these wastes going to our drainage systems dumpsites and water bodies. Do your part, collect them and sell them to us, the KILUS Multipurpose Environmental Cooperative at 36 C. Santos St. , Ugong, Pasig City. KILUS, (Kababaihang Iisa ang Layuning Umunlad ang Sambayanan) is an ll women organization consisting of 500 strong women force based on Barangay Ugong, Pasig City. Our primary objective is to help clean up mother earth and give livelihood to our less fortunate constituents. We first started in operation by cleaning and greening the community and the rest is history. Different branches of the government had contributed to the success of our organization. MISSION STATEMENT To develop the potential of women as and effective partner of the government in the common desire, to make UGONG one of the Cleanest ; Greenest Barangay in Pasig City, and in the whole country.
To help in providing a constructive ; economically productive endeavors knowing that this is for the Love of GOD and the environment VISION STATEMENT Help transform Barangay UGONG into a healthy, colorful and environmentally pleasant place to live-in with the community, actively participating to achieve sustained clean surroundings and help uplift the standards of living thru livelihood programs. KIND KILUS, (Kababaihang Iisa ang Layuning Umunlad ang Sambayanan) Cooperative is a Retailers’ cooperative formed by women of Barangay Ugong in Pasig City.
REASON FOR ESTABLISHMENT The primary objective of this cooperative is to help clean up mother earth and give livelihood to their less fortunate constituents. THE COOPERATIVE Due to economic conditions were most people are unemployed, the Board of Directors of KILUS Cooperative decided to focus more on labor force rather than profit. We’ve been collecting recyclable materials specially DOY PACKS all over Metro Manila ; suburbs in different schools, parks ; establishments. Our main handicap is our inability to collect regularly because of transportation.
The Primary Sources wherein we get used doypacks are schools in Metro Manila, Funeral Homes, Independent Collectors around Metro Manila, a seller in Bicol Region and in in Central Luzon. Address: (Office ; Showroom): 36 C. Santos St. Ugong, Pasig City 1604, Philippines Address: (Branch ; Showroom) Tiendesitas Fashion Village Section Frontera Verde, Ortigas Avenue, Corner C-5, Ugong, Pasig City, Philippines Beneficiaries * Churches * Different Barangays * Funeral Homes * Cemeteries * Elementary and High School * College PRACTICES
Everyday, KILUS collected used Doypacks from different Barangays nearby Pasig and some other parts of Metro Manila. PROGRAMS AND ADVOCACIES * Waste Management Awareness * Scholarship * Tree Planting * Papsmear * Sampaguitahan sa Barangay * Drug Awareness * Breast Examination * Women’s right Not only to provide livelihood but to give Spiritual Formation: * Fellowships / Bible Study every Monday * Team Building * General Assembly Livelihood Training Programs Different Barangays in Pasig wherein KILUS played an important role by providing them LIVELIHOOD TRAINING in sewing and weaving. Brgy.
Sta. Cruz Brgy. Palatiw Brgy. Kalawaan Brgy. Oranbo Brgy. Bambang 2151 BARANGKA CREDIT COOPERATIVE HISTORY Twenty-five (25) employees in a section of the U/Tex Weaving Department were usually cash-strapped. Thus, they decided to establish an informal organization called C & K Savings Association, which lasted for more than 13 years (1972 to 1985). The association was turned into a cooperative by December 16, 1985. Thirty seven (37) cooperators pooled their resources which totaled Php 5,300. 00. They named the organization C & K Barangka Community Credit Cooperative, Inc.
However, several pains came with the coop’s birth. Its problems included finding a place where it can hold office, lack of supporters, U/Tex’s refusal to recognize the coop and being unacquainted with the people in barangay, among others. Its first office was in Boni Avenue, Barangka, Marikina, where the coop only stayed for a month due to lack of funds to pay for rent. Undaunted by the difficulties, the coop transferred to Chorillo Street in Barangka, Marikina. With this move came the amendment of the coop’s name to U/Tex Employees Credit Cooperative, Inc. r UECCI. The trials, however, did not cease. The coop had to iron out troubles, from alleged anomalies to controversies, from mismanagement to misunderstandings. Thankfully, the members’ tenacity in demanding for a better organization triumphed and new directors were elected to the seats. Still, UECCI was to face the most excruciating blow. On March 1994, U/Tex, where most of the coop members were employed, folded up. Most of the members who incurred loans from the cooperative could not pay because they had no jobs and enough money to pay for their obligations.
The total closure of U/Tex was a big problem for the founders and members. They were forced to apply “do or die” tactics and ensure the coop’s viability through distribution of leaflets, calling on members to settle their debts by encashing their separation checks through the coop. Incentives were also provided to those who would settle their loan obligations. Landbank, through its rediscounting program, provided BCC about P 3 Million which they used to rediscount the U/Tex employees’ post-dated checks. The coop surpassed the ordeal.
Patience, strong determination, resourcefulness and prayer helped the coop surmount the problems. Moreover, the members utilized their collective ability to make their organization more community-oriented. On September 15, 1995, the coop adopted the name Barangka Credit Cooperative (BCC). BCC operations remained small-scale and the members had to make do with limited resources. Despite these, BCC immersed in the community and provided the needed assistance for various sorts of small and microenterprises. From then on, BCC became a byword in the area.
Barangka Credit Cooperative provides several credit facilities to its members which became the coop’s main business, together with its bag making, bakeshop, water station, bayad center, money transfer ventures. The various kinds of loans it extends include commercial, discounting, microfinance, starting capital for business, salary, petty cash, pensioner and mortgage, among others. Apart from BCC own funds, the cooperative avail of the financial assistance and grants from different organizations such as the People’s Credit & Finance Corporation, LANDBANK, Philippine Federation of Credit
Cooperatives and Asian Confederation of Credit Union, etc. Beneficiaries were also given opportunities to venture on small businesses such as sari-sari stores, specialty shops, shoe making, balut, salted eggs making, fruit vending, catering and dress making. Provident services and support programs including time deposits, kiddie savers and savings deposits, emergency, appliance, rice and grocery loans, health maintenance, and housing lot, educational, calamity, and service vehicle assistance are also provided by BCC. Despite BCC’s achievements, its officers believe the organization has to perform well than what is expected of it.
Thus, the cooperative’s involvement goes beyond providing assistance to its members. BCC participates in various community projects such as the Clean & Green Program, anti-drug campaigns, free medical and dental services, fitness and health projects and Damayan Program. Nearby public schools are recipients of the BCC’s donations, ranging from school supplies and sports equipment to drinking fountains and musical instruments. As a result, BCC’s contributions in enhancing the lives of its members and the community did not go unnoticed.
On August 8, 2002, the Barangka Credit Cooperative was named Pinakatanging Kooperatiba in Landbank’s Gawad Pitak, Non-Agri-Based Category. BCC finally clinched the top prize, following its placing second and fourth in 1999 and 2001, respectively. And then, BCC was again awarded as Landbank’s Ginintuang Gawad Pitak Awardee with P 1 Million worth of cash in 2005. Recently, BCC received once again a recognition from NCR League – Philippine Federation of Credit Cooperatives as the 2008 Most Outstanding Cooperative in the Philippines. With all these, the coop was able to make big strides in the community.
Now, the coop served all 16 barangays in Marikina and nearby cities such as Antipolo, Montalban and San Mateo, among others with total membership of 10,500. BCC current total asset is worth P 366, 533, 734. 91 (as of April 2010). Its paid-up capital was posted at P 73, 631, 609. 00 To accomplish coop’s plans aimed at further improving service to its members, BCC intends to stay guided by coop’s principles and fundamentals. The coop will keep its operations simple and democratic. More importantly, BCC will continue to encourage members to handle their money properly in the “cooperative way”, and that is to save first before spending.
MARIKINA CITY PROFILE| | BARANGAY BARANGKA PROFILE| | Land area| – 2,150 hectares| Land area| – 116. 96 hectares| Number of Districts| – 2| Number of Puroks| – 7| Number of Barangays| – 16| Population| – 25,348| Population| – 427,037| Household| – 5,388| Household| – 90,636| No. of Existing Coops in Barangka| – 4| Unemployed| – 28,000| | | No. of Existing Coops in Marikina City| – 67-20 Viable| | | Major Events in BCC’s Growth and Development: 1972 to 1985 25 employees of U/TEX Weaving Department established an informal organization called C ; K Savings Association.
December 16, 1985 C ; K Association turned into a cooperative when 37 cooperators pooled out their resources with a total capital of PhP 5,300. 00. From then on, C ; K Association became C ; K Barangka Community Credit Cooperative, Inc. Because of the continuous growth of the cooperative, the founders and members of C ; K Barangka Community Credit Cooperative, Inc. amended their name to U/TEX Employee Credit Cooperative or UECCI. August 11, 1986 UECCI was officially registered with the Certificate of Registration No.
FF-357 and Confirmation No. QC-004 in compliance with Art. 128 of RA 6038 and Section 17 of RA 6939 under the Bureau of Cooperative Development (BACOD). 1988 Rate of new members increased from 37 to 1,106 and total assets of the cooperative boosts from PhP 5,300. 00 to PhP 1,000,000. 00. The growth and success of Barangka Credit Cooperative was extraordinary. Even though the management encountered numerous challenges and controversies, they were able to establish a dynamic and competent cooperative that offers various services and products to its members. 990 KSSC or Kiddie Special Savers Club was launched at Barangka Elementary School with a theme of “Piso Mula sa Baon” 1996 Minimart was established with a capital of PhP 54,251. 94 1997 Expansion of the cooperative’s office. Also, this was the year wherein the peso performance was weak but BCC was able to maintain 13 % interest for regular and emergency loan. 1998 BCC was able to achieve a net target of PhP 1,688,652. 12 and / or to increase it up to 155% 1999 BCC joined Metro South Coop Bank and the Philippine Federation Women’s Coop (PFWC).
In addition, BCC was awarded as 2nd Placer in Landbank Gawad Pitak for having an excellent performance among other cooperatives in the Philippines during the administration of former President Joseph Estrada at the Malacanang Palace. 2000 – 2001 BCC was awarded again as the 4th Placer in Landbank Gawad Pitak and the growth of the total asset increased from PhP 56. 6 Million to PhP 75. 6 Million. 2002 Because of the excellent performance of the cooperative, BCC was featured in one of the prestigious book entitled “Profiles of Success” of Kilusang Kooperatiba sa Pilipinas. 2003
BCC established another branch in SSS Village Marikina City. Also, BCC was included in Landbank Gawad Pitak Hall of Famers. 2004 From a small office, BCC was able to establish a 4-story building located at No. 114 Julian Cruz St. , Barangka Marikina City. 2005 BCC received Landbank Ginintuan Gawad Pitak Award plus PhP 1Million 2007 Construction of BCC One Stop Shop Building. DECEMBER 28, 2008 BCC One Stop Shop Building I ; II Inauguration KIND The Cooperative in Barangka is a Credit type of Cooperative. TYPES OF LOANS | Barangka Credit Cooperative offers various products and services to its members.
Application for Membership is open to all Filipinos who lives and works within the area of Marikina City and Antipolo City with the recommendation of a Member In Good Standing (MIGS). To be an official member of the Barangka Credit Cooperative, interested individuals must attend PMES Seminar conducted every Saturday and every last Sunday of the month at 1:00 PM at the Barangka Creit Cooperative office. Products and Services offered by the Barangka Credit Cooperative: | | Types of Loans| | | | | | | Equal Loan | | Check Accommodation | | | Double Your Share loan | | Emergency Loan | | Pensioners Loan | | Housing Loan | | | Salary Loan | | Refinancing ATM / Land Title | | | Special Loan | | Educational / Appliance Loan | | | Capacity to pay loan | | Motorcycle Loan | | | PSKM/MICRO Loan | | Grocery Loan / One Stop Shop Loan | | | Pautang Sa Negosyo (PSN) | | Rice Loan | | | 30 days/60 days/90days-Petty Cash Loan/Drivers/Operators| | Car Loan | | | Discounting Personal Check | | Cell Phone Loan | | | | Interest Rates: | | | | | | Kinds of Loan| | Interest Annually| Service Fee | CBU| Total Deduction | | | 1. Below / Equal Share Loan (no other loan). | 6%| 3%| 1%| 10%| | | 2. CBL – if share capital is 75% of the amount to be borrowed. | | 13%| 3%| 1%| 17%| | | 3. if share capital is 50% of the amount to be borrowed. | | 15%| 3%| 1%| 19%| | | 4. if share capital is less than 50% but more than 30% of the amount to be borrowed. | | 17%| 3%| 1%| 21%| | | 5. if share capital is less than 30% but more than 10% of the amount to be borrowed. | | 18%| 3%| 1%| 22%| | | 6. All loans including ATM – if share capital is less than 10% to be borrowed. | | 20%| 3%| 1%| 24%| | | 7.
All productive loans – if share capital is 5% of the amount to be borrowed. | | 24%| 3%| 1%| 28%| | | 8. All productive loans – if share capital is 0% and less than 5%| | 30%| 3%| 1%| 34%| | | 9. Petty Cash loan | | | 4%| 2%| 6%| | | | 15% – grocery | | | 85% – cash | | | | | | | | | | 10. Accommodation loan | | | 4%| 2%| 6%| | | 11. Discounting Personal Check | | | 3%| 2%| 6%| | | 12. Deposit (Time/all kinds if savings) | | +3%| 3%| 2%| 8%| | | 13. Memorial Lot Loan | | 10%| 2%| | 12%| | | | | DEPOSITS| | | | Barangka Credit Cooperative offers various products and services to its members.
Application for Membership is open to all Filipinos who lives and works within the area of Marikina City and Antipolo City with the recommendation of a Member In Good Standing (MIGS). To be an official member of the Barangka Credit Cooperative, interested individuals must attend PMES Seminar conducted every Saturday and every last Sunday of the month at 1:00 PM at the Barangka Creit Cooperative office. Products and Services offered by the Barangka Credit Cooperative: I. FIXED / SHARE DEPOSIT CAPITAL – Ito ay nauukol sa salaping puhunan o deposito ng isang kamay-ari / kasapi.
Tuloy-tuloy ang pagdadagdag at ang pinakamababang paid-up Share Capital ay Five Thousand Pesos (Ps. 5,000. 00 / Ps. 100/Share x 50 Shares). Kung installment, hindi bababa sa labing walong buwan ang pagbabayad sa kabuuan. Pagkaraan ng 18 months kung hindi pa nakakatupad ay pansamantalang hindi na makakadalo sa GA. FIXED DEPOSIT/SHARE CAPITAL COMPUTATION Computation of Interest on Share Capital| Example:| | Average Share| = Total end. Bal. Per month/12| | Total Ave. Share| = Accumulated Ave. Share of all members| | Interest on Share Capital Rate| = Allocation on Interest on Share Capital Rate| | | Total average share| Average Share/member| = Ps. 68,576. 23| | Total Ave. Share| = Ps. 9,279,647. 09| | Interest on Share Capital rate| = Ps. 827,743. 64/9,279,647. 09=9. 9%| | Interest on Share Capital| = Ps. 68,576. 23 X 8. 9 %| | | = Ps. 6,103. 28| CAPITAL BUILD – UP (CBU) Patuloy na pagbibigay ng pangakong kapital at impok bawat buwan, kahit pa nakapagbayad ng pinakamababang kontribusyon. 50% na taunang kita/tubo ng Interest on Share Capital at patronage refund ay idadagdag sa Share at ang natitirang 50 % ay ilalagay sa Savings at mawiwithdraw. II. Regular Savings Deposit – Rate: 4%
Ito ay iyong depositing impok na maaring ma-withdraw anumang araw at oras na bukas ang BCC. Tubo/Kita ng Savings na hindi bababa sa PhP 500 ay may kita na 4% bawat taon, walang withholdiong tax at kukuwentahin ng buwanan base sa monthly lowest balance at itatala rin ng buwanan sa individual ledger/passbook. Magkano ang dapat ipunin kung gustong makaipon. | 1. Ps. 1/day x 365 days| Ps. 360/yr x 10 yrs. | Ps. 3,600| 2. Ps. 10/day x 365 days| Ps. 3,650/yr. x 10 yrs| Ps. 36,500| 3. Ps 30/day x 365 days| Ps. 10,000/yr x 10 yrs| Ps. 100,000| 4. Ps. 100/day x 365 days| Ps 36,500/yr x 10 yrs. | Ps. 365,000| Saan maaring kunin ang iipunin? 1. Natipid mula sa budget| 2. Nag-ipon muna bago bayaran ang mga gastusin| 3. Grant/bigay mula sa kapamilya| 4. Natipid sa di pagsisgarilyo, malaking handa, etc. | III. Special Savings Plan * Coin Jacket| – Plastic pockets for coins| * Bills / Coin Banks| – Multi-purpose Cabinet Bank| * MIGS Alkansya| – Colored Coin Balls| * KSSC | – Kiddie and Special Savers Club | IV. Other Savings Plans (as per contract) * Educational Plans| – Plastic pockets for coins| * Health Care Savings Plan| – Multi-purpose Cabinet Bank| V. Time Deposit – Interest shall be computed monthly
Ito ay nauukol sa depositong impok (Member/Non-Member na tatagal ng hindi bababa sa tatlong buwan. Mas mataas ng 1%-3% kaysa sa bangko at bukod dito walang withholdiong tax kahit magkano. Initial Deposit| : PhP 10,000. 00| Terms| : 3 months| Interest Rate| : Refer to Time Deposit Rate Table| May pabuya sa| : Over one (1) year placement without tax| Time Deposit Rate: Amount| 3 MOS| 6 MOS| 12 MOS| INCENTIVE (For 1-year term only)| 10,000 – 49,999| 5. 625%| 5. 75%| 6%| 1 Umbrella + 1 BCC product| 50,000 – 99,999| 6. 125%| 6. 25%| 6. 5%| 1 Umbrella + 1 BCC product| 100,000 – 299,999| 6. 625%| 6. 5%| 7%| 2 Umbrellas + 1 BCC product| 300,000 – 499,999| 7. 125%| 7. 25%| 7. 5%| 2 Umbrellas + 1 BCC product| 500,000 – Above| 7. 625%| 7. 75%| 8%| 4 Umbrellas + 1 BCC product| | VI. GTD –3 year Time Deposit ROI – Interest shall be computed annually (Straight Computation) Amount| RATE PER ANNUM| INCENTIVE| 10,000 – 49,999| 8%| BCC Mini Mart grocery worth Ps. 200. 00| 50,000 – 99,999| 8. 5%| BCC Mini Mart grocery worth Ps. 300. 00| 100,000 – 299,999| 9%| BCC Mini Mart grocery worth Ps. 400. 00| 300,000 – 499,999| 9. 5%| BCC Mini Mart grocery worth Ps. 500. 00| 500,000 – Above| 10%| BCC Mini Mart grocery worth Ps. 600. 00| | Interest can be withdrawn on a yearly basis. | * Incentive claimed in advance shall be deducted from the principal amount if withdrawal is made before maturity date. | Note: 4% interest shall be applied to all Time Deposits and GTD – 3 year Time Deposit if PRE-TERMINATED (Withdrawal is made before maturity date). | | | | BOARD OF DIRECTORS COMMITTEES TRAINING ; DEVELOPMENT Barangka Credit Cooperative offers various products and services to its members. Application for Membership is open to all Filipinos who lives and works within the area of Marikina City and Antipolo City with the recommendation of a Member In Good Standing (MIGS).
To be an official member of the Barangka Credit Cooperative, interested individuals must attend PMES Seminar conducted every Saturday and every last Sunday of the month at 1:00 PM at the Barangka Credit Cooperative office. Pamantasan ng Lungsod ng Maynila (University of the City of Manila) Gen. Luna St. , Intramuros, Manila COLLEGE OF MANAGEMENT AND ENTREPRENEURSHIP COMPILATION of DIFFERENT COOPERATIVES In partial fulfillment of the requirements of the subject Cooperative Development and Management for the Degree Bachelor of Science in Business Administration major in Management Presented By: BENOMAN, Christian Jan D. ELORDE, Jenny Lyn D.
ENCISO, Rachel P. LANSANG, Rowena T. MANZANERO, Louie Ann M. NARVAEZ, Mc Julius F. TERRONES, Lieza I. UMAGUING, John Rabbi C. Presented To: Professor Edna M. Mendoza March 12, 2011 CENTER FOR COMMUNITY TRANSPORTATION CREDIT COOPERATIVE BRIEF HISTORY CCT Credit Cooperative’s roots can be traced from the Center for Community Transformation (CCT), a Christian development organization organized in 1992. CCT started out as an informal organization of development professionals who shared the common vision of helping the poor. This group believed that real development could be best achieved by enriching the spirituality of a person.
CCT believes that approaches to development must be holistic and transformational. The cooperative is one of the three institutions that received technical assistance support under the Microfinance Sector Strengthening Project (MSSP) together with the Center for Agriculture and Rural Development (CARD) and Life Bank. The MSSP is a project implemented by the United Nations Development Programme (UNDP). The objective of the project is to make the MFI operations of the three institutions efficient and sustainable using the ASA methodology. Currently, CCT’s implementing structures include the Center for Community Transformation, Inc. CCT Credit Cooperative, Visions of Hope Foundation, and CCT Heritage Tours. CCT Credit Cooperative manages CCT’s microfinance program. CCT formally transferred its microfinance operations to CCT Credit Cooperative in 2004. The cooperative began its operations in January 2004. The cooperative integrates microfinance into its transformational programs and services for the poor. METHODOLOGY CCT Credit Cooperative received technical assistance on the use of the ASA methodology under the MSSP. One key feature of this methodology is its emphasis on individual liability as opposed to group liability.
Another key feature of the ASA methodology is its simple and low-cost microfinance technology. The cooperative offers a regular loan with a minimum loan amount of PhP4,000 and a maximum of PhP 30,000. Interest rate ranges from 3. 1% to 3. 3% per month, depending on loan term. In addition, the cooperative also offers housing improvement loans to its members. AREA OF OPERATIONS CCT Credit Cooperative manages 71 branches in Metro Manila, Bulacan, Laguna, Cavite, Nueva Ecija, Negros Occidental, Iloilo, Capiz, South Cotabato, Cotabato City, Sultan Kudarat, Saranggani, General Santos City, Misamis Oriental, Davao City, and Davao del Sur.
CLIENTS As of December 31, 2004, the cooperative served 51,624 active clients, 44,877 of whom are active borrowers. 97. 7% of borrowers are women. Its loan portfolio reached PhP 165. 3 million. Active clients| Active savers| Active borrowers| Gender| 51,624| n/a| 44,877| 97. 7% women| As of December 31, 2004 POVERTY FOCUS CCT Credit Cooperative targets poor women, accounting for 97. 7% of its active borrowers. Its average loan balance is PhP 3,683, equivalent to 6. 1% of per capita GNP. Average loan outstanding| Average outstanding loan size/ GNP per capita| Average deposit size| PhP 3683| 6. 1%| n/a| As of December 31, 2004
Exchange rate: US$1 = PhP 56. 27 GNP per capita: PhP 60,859 INCLUSION IN THE FINANCIAL SECTION CCT formally transferred its microfinance operations to CCT Credit Cooperative in 2004. The cooperative began its operations in January 2004. Cooperatives are authorized by law to collect savings from their members. The cooperative submits reports to the Cooperative Development Authority (CDA), the government agency that is tasked to regulate and supervise cooperatives in the Philippines. DISTINCTIVE FEATURES CCT Credit Cooperative integrates microfinance into its transformational programs and services for the poor.
Weekly meetings are called Fellowship meetings. In Fellowship meetings, Bible studies are made, peer advices are given, and loan payments are collected. In addition, CCT Credit Cooperative is one of the most aggressive MFIs in the Philippines in terms of expansion. In 2004, its number of active borrowers increased from 29,397 to 44,877, a growth of 52. 7%. INNOVATIONS Aside from providing regular and housing loans, the cooperative also offers microinsurance to its members. From weekly payments of PhP 5, members’ beneficiaries are entitled to receive PhP 30,000 in case of death due to sickness, and PhP 60,000 in case of death due to accident.
Children of CCT Credit Cooperative members that are on their third year as college students can also benefit from Vision of Hope Foundation’s Study Now, Pay Later Program. Visions of Hope Foundation manages CCT’s education programs. FINANCIAL REPORTS CCT Credit Cooperative is an institution with assets amounting to PhP168. 2 million as of December 2004. Outstanding loans at the end of December 2004 reached PhP 165. 3 million with PAR ; 1 day of 6. 9%. It had liabilities, members’ equity, and statutory reserves of PhP 156. 2 million, PhP 8. 2 million, and PhP 3. 9 million, respectively.
The cooperative achieved an OSS ratio of 122. 6% and an FSS ratio of 117. 9% in December 2004. (Source: CCT Credit Cooperative Audited FS 2004 – PAR, Microfinance Council of the Philippines Database – OSS, FSS) Loan portfolio| Portfolio at risk > 1 day| Savings deposits| OSS / FSS| RoE / RoA| US$ 2. 9 million| 6. 9%| n/a| 122. 6 % / 117. 9%| n/a| As of December 31, 2004 Exchange rate: US$1 = PhP 56. 27 CHALLENGES AND DEVELOPMENT PLANS Major challenges faced by the cooperative in connection with its rapid expansion are manpower recruitment and the maintenance of a high quality of its loan portfolio.