Sorosoro Ibaba Development Cooperative
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Sorosoro Ibaba Development Cooperative Presentation Transcript

  • 1. Stories Unfold: Managing A Cooperative Enterprise presentation on the 1st Luzon-wide Cooperative TEAMshop April 30, 2011 Presentation of RICO B. GERON General Manager, Sorosoro Ibaba Development Cooperative
  • 2. Sorosoro Ibaba Farmers Association Looking Back… Moving Ahead  Started as Sari-sari store on March 19, 1969 with P11,800 capital at Brgy. Sorosoro Ibaba, Batangas City  Incorporators - 59 founding members
  • 3. Ave. production: 9,000 bags daily hogs, poultry, fish feeds mash and pellet feeds semi-computerized with mechanized corn storage Feedmills
  • 4. known as paiwi system fatteners Stocks, Feeds, Veterinary Services & Marketing Equal Sharing in Profit Patronage Refund Loan for Pig Pen Contract Growing
  • 5. Savings and Loans Deposits  Accepting deposits from members  P150M deposits from members Loans  Cash Loan (STL, MTL, LTL)  Hog Fattening Program  Hog Breeding Program  Housing Loan  Car Loan Program  Rice Production Loan  Secured by collaterals
  • 6. Artificial Insemination Ensures high quality piglets Cost Efficient Maintaining high grade boars Supervised by qualified technicians
  • 7. 850 sow level piglet multiplier farm Taysan, Batangas Hi-grade sows and boars first-class facilities Pig Farm
  • 8. Communal Farm With capacity of 1,130 heads hog fatteners Provides members of hog pen, stocks, feeds and veterinary products & services
  • 9. Hog Selling Pen Speeds-up sales of hogs electronic weighing scale Prevents spread of diseases Selling pen fees
  • 10. CoopMart wide variety of merchandise at affordable prices Members with assigned Code Numbers Patronage Refund 30 day credit
  • 11. SIDC Mindoro Branch  Consumer store wherein basic household needs are available including agricultural inputs  milling capacity – 220 sacks of palay a day
  • 12. Slaughterhouse  Batangas City government awarded the management of Batangas City Slaughterhouse  An average of 150 heads were slaughtered everyday
  • 13. CABLE TV Satellite Master Antenna Television Deferred Payment of monthly subscription fee
  • 14. Gasoline Station  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 Offer vehicle insurance & other non-life insurance  Accepting deposits and extending loans to members
  • 15. SHELL Gasoline Station  Located at Pinamalayan, Oriental Mindoro  Offers gasoline products, auto supply and coop products  With savings & loans
  • 16. Meat Processing  Develop processed meat products from the hogs produced by coop members (tocino, smoked and skinless longganisa , siomai, ham, sisig, & barbeque)
  • 17. Farmer Vic Meatshop  Located at Muntinlupa City  Caters to Wet Market, Institutions, and End consumers  Offers SIDC’s Fresh and Processed Meats, SIDC Rice, and groceries  Patronage Refund
  • 18. Water Refilling Station  Safe Purified Drinking Water using Reverse Osmosis  Free use of hot and cold dispenser for 5 containers per week  Patronage refund  Free delivery to covered areas
  • 19. BIO-N Fertilizer  Ang BIO-N ay organikong pataba para sa mais, palay at gulay  Ito ay pulbos na may timbang na 200 gramo at naglalaman ng dalawang uri ng bakteryang buhat sa ugat ng Talahib.
  • 20. SIDC Nueva Ecija Branch  With Minimart, Savings & Loans, Restaurant, Meatshop & Contract Growing
  • 21. Layer Farm  Located at Balanga Ibaan, Batangas  with 75,000 heads of layers
  • 22. 6 to 9 Store  Store operated by members  Store and stocks to be provided by SIDC
  • 23. Covered In-Ground Anaerobic Reactor (CIGAR) Biogas Digester
  • 24. Biogas supply electricity to SIDC Main Office Building
  • 25.  Annual Sales P3.597Bn  Return on Equity 13.78%  Fixed Asset Turnover 6.6 times  Net Profit Ratio 4.30% Show me the figures
  • 26. More Figures  Operating Income ROI 14.19%  Past Due Rate (loans) 2.18%  Cash Conversion Cycle 28 days
  • 27. Personality Development Shared ownership Assumed Role Pledged Commitment
  • 28. Establishing a Character Internal control Mechanism Transparency Credibility Recognition
  • 29. Growing Pains Integration ◦Backward ◦Forward Need to find our strengths
  • 30. Dare to be Different  Diversification  Responding to the Clients’ Demands
  • 31. Life Cycle  Continuous Process  Interdependence  Empowerment
  • 32. COOP Coop Business Members S u r p l u s Patronage Refund Interest on Capital Health Benefits Mortuary Benefit Scholarship Community Fund
  • 33. Plot The Curves  Economic Viability  Social Relevance
  • 34. Economic Viability and Social Relevance Curves Social Relevance EconomicViability (Profitability)
  • 35. Economic Viability and Social Relevance Curves Social Relevance EconomicViability (Profitability)
  • 36. Economic Viability and Social Relevance Curve Social Relevance EconomicViability (Profitability)
  • 37. Paint the Future Let’s not Rest on Our Laurels Follow our Dreams
  • 38. Quotes to Live by  The future belongs to those who believe in the beauty of their dreams – Eleanor Roosevelt  There are no great men, only great challenges that ordinary men are forced by circumstances to meet – William F. Holsey  A man never stands as tall as when he kneels to help a child – The Knights of Pythagoras
  • 39. “Most people think of future as the ends and the present as the means, whereas, in fact, the present is the ends and the future the means.” (Fritz Roethlisberger, 1954)
  • 40. Sail on … do not anchor there Thanks for listening!