sorosoro ibaba development cooperative (sidc) presentation
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Sorosoro IbabaDevelopment
Cooperative (SIDC)Sorosoro Ibaba, Batangas City
Dito, IKAW ang may ari,Sa KITA ikaw ay kahati!
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SOROSORO IBABA DEVELOPMENTCOOPERATIVE HISTORY
Started as small farmers organization at Brgy. Sorosoro Ibaba, Batangas City on March 19, 1969
Initial capitalization of 59 members – P11,800.00
Founder – Mr. Victoriano Barte
Sari-sari store – first business venture
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Membership – 20,991 Members
Assets – P1.7 Bn
Total Volume of Business – P3.0 Bn
Share Capital – P445 M
Savings Mobilization – 380 M
46th year on March 19, 2015
SOROSORO IBABA DEVELOPMENTCOOPERATIVE PROFILE
AS OF DECEMBER 2014
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Type of Operations : ISO Certified Feedmill, Savings and Loans, Consumer Retailing, Gasoline Station, Ricemill, Agro-Eco Tourism, Livestock and Crop Production, OCCP Registered Organic Fertilizer
Area of Operation: CALABARZON, MIMAROPA, CENTRAL LUZON, BICOL Region, PANAY Island
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2014 VILLARSIPAG AwardsTop 10 Most Outstanding
Community Enterprise
2013 Internationally Accredited Feed
Manufacturer
2013 LandbankGawad Pitak
Platinum Award
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Feedmill Started in 1987
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Savings and LoansDeposits Accepting deposits from
membersLoans Cash Loan (STL, MTL, LTL) Hog Fattening Program Hog Breeding Program Housing Loan Car Loan Program Rice Production Loan Environmental Loan Mortuary LoanInvestment Accepting investment from
OFW and other members
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Livelihood project known as paiwi systemfattenersStocks, Feeds, Veterinary Services & MarketingEqual Sharing of ProfitPatronage Refund
Contract Growing
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Communal Farm
Contract growing under communal setupWith capacity of 1,130 heads hog fattenersProvides members of hog pen, stocks, feeds and veterinary products & services
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Poultrywith 75,000 heads of layers
30,000 capacity of broilers
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Aqua Culture
Fish pond project at Jaen, Nueva Ecija and Tarlac
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Organic Fertilizer Production of organic fertilizer from hog manure and chicken dung
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Rice and Corn Production of Members throughAGRI TRADING And Financing
- Bicol, Mindoro,Nueva Ecija, Tarlac, Aklan
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Ricemilling
Located in Oriental Mindoro
Consumer store wherein basic household needs are available including agricultural inputs
220 sacks milling capacity per day
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CoopMartStarted as Sari-sari storeWith 6 branches Offer basic commoditiesPatronage Refund30 day credit line
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COOP SUPERMART
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Gasoline Station Batangas & Oriental Mindoro
Offers coop products, rice, groceries, auto supply and gasoline products to regular and associate members
Other services that can be availed by members are washing, greasing, vulcanizing, change oil and battery charging
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SOROSORO SPRING RESORT= cable cars= zip line= biking= fishing= team building facilities= rooms for accommodation= tunnel exploration
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12 New Branches & 6 upgrade
Include new products: 1.Vegetable seeds &
inputs2.Agri inputs
3. Equipments
2. Network Expansion - Local
19 S. Outlets3 Batangas
3 Cavite3 Laguna
3 Quezon7 Bicol
1 Laguna
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Dito, IKAW ang may ari,Sa KITA ikaw ay kahati!
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How to become an Associate member of SIDC?
• Filled out application form
• Copy of Valid ID
• Picture
• Payment of Capital Share of 2,500 AED
and 200 AED membership fee (non-refundable)
* An ID will be issued by SIDC to you with your code number. Code numbers are used to track your purchases, be sure to mention them at the counter/SIDC stores everytime you make a purchase .
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What ‘s in it for you?
1. Share on the income of the cooperativeA. Interest on capital share Example:
2,500 AED Capital Sharex 4-6% interest per year (variable)*100 – 150 AED interest on Capital Share2,600 AED to 2,650 AED Total after a year
B. Patronage Refund (based on patronage)Example:
20,000 AED Purchases on Grocery Items on SIDC Baqalax 1.5-2% patronage refund rate (variable)**300-400 AED patronage refund
* Based on overall net income of the cooperative** Based on profitability of the SIDC Baqala - UAE
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Member as Investor Member as Consumer
PINOYWISE MART
Family Members in the Philippines availing of Technical/ Marketing/Financial Services of SIDC
International
Dito, IKAW ang may ari,Sa KITA ikaw ay kahati!
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Investment Packages
Egg layer farm business
Agro-ecotourism
Members as INVESTORS
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SIDC Egg Layer Farm
•Produces 63,000 eggs daily
•Established in 2008 with a capacity of 75,000 layers
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Agro-ecotourism Project
• Launched in 2012
•Provides integrated agro-
eco adventure and tourism
accommodations
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Investment Options
Item Option1 Option 2
Open Project/s Layer Farm and/or
Agro-Ecotourism
Layer Farm and/or
Agro-Ecotourism
Minimum Investment PhP 5,000 AED PhP 5,000 AED
Mode One-time-payment or
installment for 1 year
One-time-payment or
installment for 1 year
Lock-in Period 5 years 5 years
Earnings:
a. Interest on Shares
b. Variable Gain or
Loss depending on
profitability of
project
•Guaranteed 6% per
annum upon completion
of minimum investment
Applicable
•Guaranteed 6% per
annum upon completion of
minimum investment
NOT Applicable
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Sample Computation Option 1
Year Investment
Guaranteed Interest Rate
Interest Rate
% Variable Return
Variable Return
Investment + Interest + Variable Return
Year 1 50,000 6% 3,000 6% 3000 56,000
Year 2 56,000 6% 3,360 -2% -1120 60,480
Year 3 60,480 6% 3,629 3% 1814.4 62,294
Year 4 59,550 6% 3,573 -2% -1191 64,314
Year 5 63,123 6% 3,787 1% 631.23 66,279
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Investment Interest Rate Investment + Interest
Year 1 50,000 6% 53,000
Year 2 53,000 6% 56,180
Year 3 56,180 6% 59,550
Year 4 59,550 6% 63,123
Year 5 63,123 6% 66,911
Sample computation of option 2
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Investors’ Earnings:
Option 1 Layerfarm
2009 – 6% guaranteed plus 7.73% ROI2010 – 6% guaranteed2011 – 6% guaranteed plus 3% ROI2012 – 6% guaranteed2013 – 6% guaranteed
Option 2Agro-ecotourism
2013 – 6% guaranteed
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1.5-2% of purchases:300-400 AEDPatronage Refund
50% to be added on Capital Share(150-200 AED)
50% to be given as Cash(150-200 AED)
Initial Capital Share2,500 AED
+ interest per year on Capital (4%-6%)*=100 to 150 AED
2,500 AED Capital Share+ Interest on Capital per year
(100 to 150 AED)+ 50% patronage refund
(150-200 AED)
2,750 to 2,850 AED after 1 Year
PINOYWISE MART
MEMBERS AS CONSUMERS
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Projects for UAE members
1. Investment Mobilization Program for Agriculture
– Reintegration Plan based on a fixed or with variable profit/loss return on your investment, lock in of 5 years (Layer Farm and Eco-Tourism)
2. Access to SIDC projects in the Philippines
– Assistance in financing/technical/marketing on agri-enterprise for your relatives/families wherever there is SIDC operation
3. Baqala Stores
- Purchase of Pinoy products and grocery needs with profit sharing
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The Process
1. Membership MobilizationCapital Share : 2,500 AEDMembership fee : 200 AEDTotal : 2,700 AED
x 1,000 members2,500,00 AED capital share200,000 AED membership fee
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2. Establishing the Store
Cost
1. Location/Space and Staff Housing Rental 120,000 AED
2. Local Partner Payment 20,000 AED
3. Trade Name and Business Registration 170,000 AED
4. Cost of Inventory from Suppliers/Distributors 350,000 AED
5. Manpower 120,000 AED
6. Renovation 40,000 AED
6. Mobilization 30,000 AED
7. Opening 5,000 AED
8. Contingency 10% 83,500 AED
9. Total 918,500 AED
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Est. Cost of Store: 918,500 AEDx 3 stores2,755,500 AED
Why SIDC?
1. Experience and Track Record
2. Proven system in terms of operating a store
3. We value transparency
4. Accountability established up to the Philippines not just here
Dito, IKAW ang may ari,Sa KITA ikaw ay kahati!
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CONTACT US:
050 766 3560 SIDC UAE Contact No.056 176 4823 Minda GAMBOA (UAE based)0917 574 4292 Bon Ian dela Roca
Website: www.sidc-coop.org
E-mail: [email protected]
Membership e-portal:
http://inspiracts.com/e-membership/login/client/sidc
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The End
Thank you!