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GDBCC PMES
The document provides information about joining the Global Dollar Builder Credit Cooperative (GDBCC). It discusses the requirements for becoming a member, including undergoing a Pre-Membership Education Seminar (PMES). The PMES covers basic concepts of cooperatives and details about GDBCC, its products/services, and how members can earn income and benefits. All cooperatives must register with the Cooperative Development Authority according to Philippine law.
GDBCC PMES
- 1. All Cooperatives mustbe registered with the Cooperative Development Authority (CDA) as mandated under Contact 09392369981 9520 known as the PHILIPPINE Join Now: Republic Act. July 15, 2012 COOPERATIVE CODE of 2008. jdb.ecoop@gmail.com
- 2. www.globaldollarbuilder.net All GDBCC members are required to attend PMES Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 3. Welcome to our Pre-Membership Education Seminar Pre-membership Education Seminar (PMES) is the first step to undertake We will show you how to before joining a cooperative. join our coop the thrift way. You will gain basic knowledge about cooperative and the cooperative that No member will be accepted you are going to join. in our cooperative without Part I of this presentation deals with undergoing Pre-Membership the Concepts of Cooperative. Education Seminar (PMES). Part II will discuss about Global Dollar Builder Credit Cooperative. You can have your PMES OFFLINE through our main office in Pasig City or at any sector center nearest your area or you can have it ONLINE. This presentation is intended for online PMES for our new members who are unable to attend at our office or sector centers . The topics presented here are basically the same. Disclaimer: This presentation is our team’s effort to impart knowledge about cooperative and Global Dollar Builder Credit Cooperative. The topics presented here are also found in our Education & Training site. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 4. Part I BasicConcepts of Part II Global Dollar Builder Cooperative Credit Cooperative (GDBCC) Republic Act No. 9520 Legalities (Business Permits) What is a Cooperative? Brief Background of GDBCC Principles of Cooperative Board of Directors Types of Cooperative GDBCC Products & Services Categories of Cooperative Advantages of GDBCC General Steps in Forming a Coop How to Get Started Kinds of Membership GDBCC Member Benefits Kinds of Common Bond of Interest Income Potential Summary of Benefits Ways to Earn as GDBCC Members Sources of Cooperative Funds Dollar Compensation Plan Organizational Structure Power Peso Compensation Plan Basic Duties of Coop Members FREE E-Books Success Factors of Cooperative Future Projects Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 5. Republic Act No.9520 Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 6. What is aCooperative? A cooperative is a duly registered association of persons with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end, making equitable to contribution to the capital required and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principle. Characteristics of a Cooperative ◊ Autonomous and Duly Registered Association ◊ Common Bond of Interest ◊ Voluntarily Joined Together ◊ Achieve Social, Economic and Cultural Needs and Aspirations ◊ Equitable Contributions ◊ Patronizing Products and Services ◊ Share Risks and Benefits ◊ Cooperative Principles Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 7. What are thePrinciples of Cooperative? Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 8. What are theTypes of Cooperatives? There are various types depending on the common interest of members that unite to form a cooperative. The main types are credit, consumer, producer, service and multi-purpose cooperatives. Credit Cooperative: Promotes thrift and savings among its members and creates funds in order to grant loans for productivity. Consumer Cooperative: The primary purpose is to procure and distribute commodities to members and non-members. Producers Cooperative: Undertakes joint production whether agricultural like farmers/fishermen cooperatives or industrial like dairy cooperatives. Service Cooperative: Engages in medical, health or dental care; hospitalization, transportation, insurance, housing , labor, electric light and power, communication, financial, coop bank, education , advocacy, agrarian, and other services. Multi-Purpose Cooperative: Combines two (2) or more of the business activities of these different types of cooperatives. Global Dollar Builder Credit Cooperative (GDBCC) is a credit type cooperative. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 9. What are thecategories of a Cooperative? According to membership and territory, the following are the categories of cooperatives: In terms of membership: I. Primary: The members of which are natural persons of legal age; II. Secondary: The members of which are primaries; and III. Tertiary: The member of which are secondaries upward to one or more apex organizations. Cooperatives whose members are cooperatives are called federations or unions. In terms of territory, cooperatives are categorized according to areas of operation which may not coincide with the political subdivisions of the country. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 10. General Steps inForming a Cooperative? 1. First, get organized 2. Second, prepare a general statement called an economic survey 3. Third, draft the cooperatives by-laws 4. Fourth, draft the articles of cooperation 5. Sixth, register your cooperative with the Cooperative Development Authority (CDA) *Note: In every step, you may consult the CDA. The CDA emphasizes education as a key to the success of cooperatives. What is an Economic Survey? An economic survey is a general statement describing the structure, purpose, economic feasibility of the proposed cooperative, area of operation, size of membership and other pertinent data. It is, in fact a project feasibility study The structure describes the kind of cooperative being set, up whether it is primary, secondary or tertiary and whether it is a credit, consumer transport or any other type of coop. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 11. Who May BecomeMembers of a Primary Cooperative? If you are a Filipino of legal age, you can be a coop member if you meet the qualifications prescribed by the coop's by laws. The board of directors act on application for membership. A member may exercise his rights only after having paid the fees for membership and acquired shares in the cooperative. Can Government Officers and Employees Join a Cooperative? Yes, provided that: Any officer of the government of the CDA shall be disqualified to be elected or appointed to any position in a cooperative; Elected officials of the government, except barangay officials, shall be ineligible to become officers and directors of cooperatives; and Any government employee may, in the discharge of his duties as member in the cooperative, use official time provided that the operations of the office where he works are not adversely affected. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 12. Cooperative By-Laws The qualificationsfor membership; how they are acquired, maintained and lost; The rights and obligations of members; The condition for transfer of a share of interest; The rules and procedures covering agenda, time, place, and manner of calling, covering , conduct meeting, quorum requirements, voting system, and other, matters related to the business affairs of the general assembly, board of directors, and committees; The general conduct of the affairs of the cooperative , including the powers and duties of the general assembly, board of directors, committees and the officers, and their qualifications and disqualifications; The manner in which capital may be raise and purpose for which it can be utilized; The mode of custody and investment of net surplus; The accounting and auditing systems. The manner and limitations of loaning and borrowing, including limitations; The methods of distribution of net surplus; The manner of adopting, amending, repealing, and abrogating by-laws; A conciliation or mediation mechanism for the amicable settlement of disputes among members, directors, officers and committees; and Other matter pertaining to the purpose and activities of the cooperative. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 13. Content of TheArticle of Cooperation The Article of Cooperation is a duly notarized document that legally binds all the signatories in the formation of a cooperative. It should contain: The name of the cooperative which shall include the word "e; cooperative, "e; e.g. Global Dollar Builder Credit Cooperative; The purpose of the cooperative and scope of business; The term of existence of the cooperative (not more than 50 years); The area of operation and the postal address of the registrants; The common bond of membership; The list of names of the directors who shall manage the cooperative; and The amount of its share capital, the names, and residences of its contributors and a statement of whether the cooperative is primary, secondary of tertiary in accordance with Article 23 of R.A 6938. What is the Minimum Number of Members in a Cooperative? Fifteen (15) natural persons of legal age who are citizens of the Philippines Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 14. What Are TheGeneral Requirements in Registering a Cooperative? You will need four copies each of the Economic Survey, By-Laws and Articles of Cooperation. The Articles of Cooperation should be duly notarized and accompanied by there following. Bonds of the accountable officers (any director, officer and employee handling funds, securities offices and employee handling funds, securities or properties on behalf of the cooperative. The board of directors determine the amount of bonds required based on the initial network which shall include the paid-up capital, membership fees and other assets of the cooperative at the time of registration); and Sworn statement of the treasurer showing that at least 25% of the authorized share has been subscribed and at least 25% of the total subscription has been paid. The paid-up capital must not be less than P2,000. It must be noted that no member may own more than 20% of the subscribed capital; and that each share must not be less than P1.00. How Much Is The Registration Fee? CDA Memorandum Circular No. 92-004, effective 01 May 1992 provides that registration fee shall be one tenth (1/10) of one percent of the paid-up share capital with the minimum of: P250 for new primary cooperative; P500 for secondary cooperative, P2,000.00 for tertiary cooperative while laboratory cooperative is free of charge. Cooperative Process WELFARE Articles of Cooperation By Laws, Rules & Regulations Other policies BOD’s Committee Officers/ members GENERAL ASSEMBLY Elect/appoints Plan/formulates. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 15. What are thekinds of Membership? A regular member is one who is entitled to all the rights and privileges of membership as stated in the Cooperative Code and Articles of Cooperation and By Laws. An associate member is one who has no right to vote and be voted upon and is entitled only to such rights and privileges under R A 9520, usually given 2 years to prove his/her worth to become a regular member and subject to the approval of the Board of Directors. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 16. What are thekinds of common bond of interest? Residential Global Dollar Builder Credit Cooperative Institutional (GDBCC) common bond of interest is associational and to become a regular coop Occupational member with GDBCC, you must be registered and do your duties as a member. Associational Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 17. Summary of Benefitsderived from membership in cooperatives Economic Benefits Members develop the habit of thrift and the wise use of money. Members avail of loans at reasonable rate of interest for productive and provident purposes; thus, increasing the members' income. Social Benefits Members develop awareness in solving common problems or needs among themselves. Members develop the feeling of belongingness, love and concern for fellowmen. Membership in cooperative inculcates unified participation in community affairs Political Benefits Advocacy Check and Balance Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 18. How Is TheNet Surplus Of A Cooperative Allocated And Distributed? As far as the coop is concerned, this excess payment or surplus is considered as having been returned to the members if the surplus is distributed in the following manner: First priority goes to the reserve fund at least 10 percent of the net surplus. Second priority goes to the Education and Training fund which is not more than 10 percent of net surplus Third priority is an optional fund, a land and building fund, community development fund and any other necessary funds. What Are The General Privileges Enjoyed By Cooperatives? These privileges are: Three rights to deposit their valuable in government offices free of charge with the government official acting as custodian of such valuables. Free use of space, when the cooperative members are government employees, in the same government office. Special types of coops like cold storage, electricity, transport and similar services can open their membership to all persons qualified in their areas of operation. The preferential right to supply government offices with their produce, in the allocation of fertilizer and rice distribution, use of butteries for shipment of their goods, and in the management of public markets. Entitlement to loans, credit line, and rediscounting of notes with government financial institution like PNB, Land Bank and DBP. Exemption from prequalification requirements when bidding for a government project. The right to be represented by the provincial or city fiscal or the Office of the Solicitor general, free of charge in legal suits. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 19. Sources of CooperativeFunds Share Capital Savings Mobilization & Capital Build Savings Deposit Up Program (SMCBUP): Loans from Members Revolving Capital - Share Capital Build Up Capital, Fees: Membership, • A cooperative shall have a capital Transfer, Fines/Penalties formation process for the operation Dividend/Patronage Refund of its business Retentions - Services, • The capitalization of cooperatives Goods/Products and the accounting therefore shall External Sources: Loans or be governed by the provisions of Borrowings, Subsidies, Grants, the Cooperative Code and the Aids, Donations regulations issued hereunder Other Sources: Fund-Raising Activities • The shares of cooperatives are registered with the CDA those of GDBCC SHARE CAPITAL corporations are registered with Every member who joins is entitled to a coop SEC share of 22 shares valued at P100 per share based on the minimum subscribed capital. This comes as part of your earning. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 20. Capital Sources Savings Mobilization Art 73. Capital Sources – Savings is encouraged to cooperatives Cooperative registered under this to augment the group business that Code may derived their capital from members engaged into. It could be any of all of the following: used for expansion of the enterprise. Some of the savings schemes used by Member’s share capital; Loans and borrowings including most cooperatives are the following: deposits; Revolving capital which consists “Piso-piso deposito” or One Peso of the differed payment of a day savings patronage refunds, or interests on Birthday Regalo (for Christians) & share capital; and Ramadhan Regalo (for Muslims) Subsidies, donations, legacies, Raffle tickets or raffle draws grants, aids and such other Twenty Five centavos retention to assistance from any local or foreign institution whether every item being sold by public or private cooperative store (or any amount agreed) Other savings schemes Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 21. Does A CooperativeFollow A Basic Organizational Structure? • Yes. A cooperative will need at least the following for its day to day operation. – General Assembly – Board of Directors – Set of Officers – Committee System – Hired management/ paid employees Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 22. A cooperative needsan organizational structure for its day to day operation. July 15, 2012 Join Now: Contact 09392369981 jdb.ecoop@gmail.com
- 23. What Is TheGeneral Assembly? What Are The Powers Of The The General Assembly is the highest General Assembly? policy-making body of the cooperative and is the final authority The General Assembly has the in the management and administration following exclusive powers which of the affairs of the cooperative. cannot be delegated: It is composed of members who are entitled to vote, duly assembled and To determine and approve constituting quorum. amendments to the articles of The general assembly holds at least cooperation and by laws; one meeting a year; the date of the meeting is fixed in the by laws, or To elect or appoint the members of within 90 days after the close of each the board of directors, and to remove fiscal year. them for cause; For newly registered cooperatives a To approve developmental plans of special general assembly meeting the cooperative; and must be called within 90 days from Other matters requiring a 2/3 vote of the date of approval. all the members of the general assembly Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 24. What Is TheBoard Of Directors? Who Can Be Members Of The Board • The Board of Directors is the body Of Directors? that formulates policies, directs, supervises and manage the business All regular members who meet the of the cooperative. qualification and none of the • It is composed of five (5) to fifteen disqualification set by the laws of the (15) members elected by the general cooperative can be elected to the board assembly. of directors. • Their term of office is determined by the laws of the cooperative. A term How Are The Officers Of The of office must not exceed two years. Also no director can serve for more Cooperative Chosen? than three (3) consecutive terms. • The board of directors elect among • The board of directors must hold themselves only the chairman and monthly meetings, unless the by laws vice- chairman. say otherwise. Special meetings may • Then they either elect or appoint the be called any time by the chairman. other officers needed by the • Directors cannot attend or vote by cooperative, such as the treasurer who proxy at board meetings. takes custody of all the moneys, securities and papers and maintains complete records of its cash transactions and secretary who keeps the records of the cooperative. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 25. What Books ShouldBe Maintained What Are The Committees Needed By A And Kept Open? Cooperative? Through the bylaws, a cooperative may be form Books to be maintained and kept open to any committee it thinks necessary for its operation. the members of the cooperative and the An executive committee may also be formed. The CDA are : board of directors appoints its members and may, • A copy of the Cooperative Code of the through a majority vote, delegate powers to it. Philippines and all other laws about As a reminder an audit committee must be cooperatives; provided for in the bylaws of the cooperative. • A copy of the regulations of the CDA; • A register of member; What Constitutes A Quorum? • Minutes of the meetings of the general Unless the by laws define it otherwise, a assembly, board of directors and quorum consist of 25% of all the regular committees; Share books; members entitled to vote. For the board of • Financial statements; and directors a simple majority of its member • Other documents as may be prescribed by makes a quorum. laws or the by-laws. Is There A Needed For An Annual Are Cooperatives Required To Be Audited Annually? Report? Yes, Cooperatives are subject to an annual audit Yes. An annual report about the affairs of the by an auditor who is independent of the cooperative must be given to each member cooperative being audited and of any subsidiary and to the federation/union to which it is of the cooperative and is a member of any affiliated and the CDA every fiscal year. recognized professional accounting or Failure to file the annual report may result in cooperative auditor's association with similar cancellation of the certificate of registration qualifications. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 26. Basic duties ofa Coop member † Patronize products and services † Attend meetings, education, trainings to be updated † Participate in the General Assembly † Faithfully do coop obligations † Participate in other activities of the coop † Share coop benefits to others by inviting them to join the coop † Adhere to the by laws of the cooperative Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 27. What are theSuccess Factors of Cooperative • Members recognition of common needs • Members determination to help themselves • Members conviction that group action offer advantageous • Presence of good members and capable dedicated leaders • Good record keeping system • Frequent Audit • Continuous cooperative education • Training of officers and members • Proper Guidance • Other factors: Financial Assistance Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 28. Part II ofthis presentation is about Global Dollar Builder Credit Cooperative Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 29. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 30. Legalities (Business Permits) July15, 2012 Join Now: Contact 09392369981 jdb.ecoop@gmail.com
- 31. Brief Background Global DollarBuilder Credit Cooperative (GDBCC) is duly registered with the Cooperative Development Authority, a government agency responsible in managing and monitoring the different cooperatives of the Philippines. Head Office: Unit-16 & 26 2nd/F San Elias Bldg 38 Ortigas Ave. Ext., Rosario, Pasig City Our Website: GLOBAL DOLLAR BUILDER CREDIT COOPERATIVE (GDBCC) main objective is to ensure that all members and their families could operate their own financial savings. The Cooperative in association with GLOBAL DOLLAR BUILDER NETWORK ASSOCIATION OF THE PHILIPPINES INC. driven by all members of quality service, innovative products and community spirit. As stated in its charter, its primary mission is “to promote thrift and create a source of credit for provident and productive purposes”. To this end, GDBCC steadfastly has provided improved and expanded services for the benefit to its members. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 32. Our Mission We area progressive cooperative: dedicated to serve the Global Dollar Builder Credit Cooperative community by providing loans and other financial services with fairness, honesty, transparency, and efficiency concerned with the total welfare of its members; and strengthened by the spirit of cooperation, involvement, and social transformation. Our Vision The Global Dollar Builder Credit Cooperative develops a community spirit striving to become true Witness to the Word and living principles of Unity, Service, and Commitment. Our Goals Maintain an efficient operational system in the delivery of services; Encourage thrift and savings mobilization among the members; Extend services to enable members and their families to improve their lives; Undertake community extension activities intended for the development of identified beneficiaries; and Promote the cooperative movement in collaboration with government and non- government organizations. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 33. GDBCC Board ofDirectors & Officers Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 34. GDBCC Board ofDirectors & Officers Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 35. Summary of GDBCCProducts & Services Online Member Panel This is the first thing that you will receive once you pay your membership fee. Branded as an e-Coop, we will provide you with your member online site where you will access the benefits our cooperative will give you. Register online in our website, then log in to enter your member panel to access e-Wallet, transfer funds, view earnings, view coop members under you, update profile, etc. E-Books, Software & These are available when you log in to your member site. You can download them, use or Videos resell and keep the profits 100%. Accident Insurance Fill up form, scan it and together with your scanned 2 x 2 ID picture, send it to info@globaldollarbuilder.com to process your insurance and your coop ID. Loans 0% interest cash loans from P5,000.00 to P50,000.00; emergency loans; business loans from P80,000 to P500,000; Car and housing loans Coop Share Capital 22 Coop Shares valued at P100 per share so a total of P2,200 per coop member GDB Wealth Fund If a coop member dies, members will contribute ($2 each) to be given to the family of the deceased member. Maximum amount to be given is $20,000.00. Dividend This is availed yearly. Patronage Refund. Savings Potential A part of your earning will be go to your savings. Business/Earning Once you register as a coop member, you will automatically become part of this Opportunity opportunity. You earn every time you referred an individual to our cooperative. This is one way of helping our cooperative grow. Put up a Sector Center for more income. Others Power Peso Fund: Hospitalization/Medical Assistance, Scholarships at P8,000 per cycle, Travel Packages at P13,000 per cycle, Health Packages are some additional incentives for July 15, 2012 our coop members. Now: Contact 09392369981 Join jdb.ecoop@gmail.com Future Projects GDB Appartelle, Housing, Livelihood, etc.
- 36. Banks, Lending &Other Cooperatives Global Dollar Builder Cooperative Loan Requirement: Accomplish documents like Once you join as coop member, just share or refer 2 proof of income (COE, ITR, Pay slip, deposits, etc.), people you know to join our coop & encourage them to billing address, need comaker, etc. They will also do refer 2 each, etc. credit investigation (CI). No Comaker, No Credit Investigation Loan Interest: Charge 0.5 to 5% Interest Rate 0% Loan Interest Rate Loan Approval: 50/50 Chance of approval, may be 100% Approval if complied with the minimum declined or get a partial of loan amount applied even requirement. The more coop members under you, the if complied with all requirements greater loan amount to apply. New Coop Members First Loan: Apply for your You can apply for your first loan of P5,000.00 if you first loan only if you paid your share capital which have at least 6 coop members under you (your 2 direct is the basis of your loanable amount. referral and their 2 each). New Coop Members loan amount: Twice the paid No need to pay for your coop share to apply for your share capital. Ex: To loan for P5,000; paid share first loan of P5,000.00. Loan amount increases if the capital should be P2,500 number of coop members under you increase. Other Coop’s Duration of processing first loan Only 20 days processing for your first loan and the usually takes 1 month or more. next loans will be 7 days Coop Share Capital: Most cooperatives require you 22 Coop Share valued at P100 per share, total of to pay in cash or in installment which may range P2,200 to be paid when you reach your second level from P2000 or more. cycle as generated by our system Business/Earning Opportunity: Limited to We help build our coop and our efforts is compensated Dividend/Patronage Refund through Dollar & Peso Earnings. Bounded by the principle of cooperative, we practice by helping one another through the spirit of cooperation. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 37. How to getstarted? All types of cooperatives have a membership requirement and fees. After this PMES, you can join our cooperative by paying the one-time membership fee of $25 or 110 Riyals or P1,100. Payment can be accepted through our main office via Bank Transfer/Deposit, G-Cash, SmartMoney, Pay Cash, Pera Padala (Western Union, Cebuana) or through your Sponsor. You will be given an activation code to register to our website for your member panel where you will monitor your earnings, coop members under your group, online transfer of funds, online loan application, etc. We will teach you how to avail our coop products and services that will help you in your financial needs. Contact your Sponsor on how to pay. Email: jdb.ecoop@gmail.com Mobile: +639392369981 Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 38. Who can joinGlobal Dollar Builder Credit Cooperative (GDBCC)? Any voluntary individual of legal age whether you are residing in the Philippines or internationally working abroad, willing to accept and be part of our unique thrift cooperative principle and do the basic duties of being a coop member to help one another achieve better lives for all. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 39. IS ALL YOUNEED! ! ! and you will get all the coop benefits!!! Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 40. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 41. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 42. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 43. July 15, 2012 Join Now: Contact 09392369981 jdb.ecoop@gmail.com
- 44. GDBCC Income potential! We combined the principles of cooperative to our unique system to come up with a compensation plan wherein our coop members will benefit as our cooperative grows. Each member is given a chance to earn. Just be open minded to see the beauty and advantages of the system compared to a traditional cooperative way. The growth, strength and success of a cooperative depends on its members. What we offer here is an opportunity to join a cooperative without paying out of your pocket your share capital, savings, etc. Your efforts in helping our cooperative grow by just referring and sharing to people you know will be compensated with a chance to earn in dollars and peso. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 45. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 46. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 47. 2 Direct ReferralSystem Left Right A B Left Side Right Side On your Direct Downline on the right side, all LEG A each P500 as direct referral unlimited Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 48. FREE e-BOOKS E-Books, Software,Graphics, Videos Life Time Membership GDB Credit Cooperative & Yearly Accident Life Insurance Unlimited Commission– $50 to $800 per cycle matrix plus P500 POWER PESO Referral Income – system will automatically put your downlines Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 49. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 50. Ways to Earnas GDB Credit Cooperative Member Dollar Compensation Earn from $50 to $800 every time coop members under you Plan cycle. Earn $5 to $10 Direct Referral. Every time you refer someone to become cooperative member, you will receive $5 to $10. Since you already filled up your initial 2 direct referrals on your left and right side, those you refer will be spilled over to the coop members under you. This promotes cooperation by helping those under you to earn also. Peso Power To qualify for the Peso Power Incentives, you only need 2 direct Compensation Plan referrals to earn unlimited P500 and P15,000 to P45,000 incentives. Our system will generate this for you. Sector Center You can apply for a sector center to earn sector income. You will be given fund for 12 e-Pins, earn $1.5 (P60) per registered members, P50 per loan processing, etc. E-Books, Softwares & Download and resell and keep the profits 100%. Videos Resale *Please see our GDBCC Income Presentation for details. More incentives. All transactions can be monitored online in your member panel site provided to you. Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 51. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 52. Don’t Miss theReal chance of financial freedom and greater well-being Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 53. Again, how tobecome a coop member? Attend our PMES which you can avail online like this one or offline in our office. Register by paying the registration fee of P$25 or 110 Riyals or P1,100 You can send your registration fee to your sponsor who will assist you in getting the activation code so you can register on our website. Enjoy and share the benefits of our coop members! Contact: jdb.ecoop@gmail.com Mobile: 09392369981 Join Now: Contact 09392369981 July 15, 2012 jdb.ecoop@gmail.com
- 54. Join Now: Contact09392369981 July 15, 2012 jdb.ecoop@gmail.com
Editor's Notes
- #3 Register now:Contact: +639392369981 or email: jdb.ecoop@gmail.com
- #5 The basic laws that govern organization and administration of cooperatives in the Philippines are Republic Act 6938 known as Cooperative Code of the Philippines and Republic Act 6939 creating the Cooperative Development Authority which is amended by Republic Act No. 9520 known as the “Philippine Cooperative Code of 2008.”By Laws RA 9520 or the Philippine Code of 2008 Section 1. The General Assembly (GA) . The general assembly is composed of all the members entitled to vote, duly assembled and constituting a quorum and is the highest policy-making body of the Cooperative. By Laws RA 9520 or the Philippine Code of 2008Section 2. Powers of the General Assembly . Subject to the pertinent provisions of the Cooperative Code and the rules issued thereunder, the general assembly shall have the following exclusive powers which cannot be delegated: By Laws RA 9520 or the Philippine Code of 2008Section 2 . Powers of the General Assembly . a. To determine and approve amendments to the cooperative Articles of Cooperation and By-laws; b. To elect or appoint the members of the board of directors, and to remove them for cause; c. To approve developmental plans of the cooperative; and d. To delegate some of its power to a smaller body of the cooperative as authorized by the Philippine Cooperative Code of 2008. By Laws RA 9520 or the Philippine Code of 2008Section 3. Meetings . Meetings of the general assembly, board of directors and committees may be regular or special. All proceedings and businesses undertaken at any meeting of the general assembly or Board of Directors, if within the powers or authority of the Cooperative, there being a quorum, shall be valid. By Laws RA 9520 or the Philippine Code of 2008Section 4. Regular General Assembly Meeting . The General Assembly shall hold its annual regular meeting at the principal office of the Cooperative or at any place within the Philippines on the ______ of _________ of every year. By Laws RA 9520 or the Philippine Code of 2008Section 5. Special General Assembly Meeting . The Board of Directors may, by a majority vote of all its members, call a special general assembly meeting at any time to consider urgent matters requiring immediate membership decision. The Board of Directors must likewise call a special general assembly meeting within one (1) month from receipt of a written request from a) at least ten percent (10%) of the total number of members entitled to vote; b) the Audit Committee; or c) the Federation or Union to which the Cooperative is a member, or upon Order of the Cooperative Development Authority. By Laws RA 9520 or the Philippine Code of 2008 Section 6. Notice of Meeting . All notices of meetings shall be in writing and shall include the date, time, place, and agenda thereof stated therein. a. Regular General Assembly Meeting . Notice of the annual regular general assembly meeting shall be served by the Secretary, personally or his duly authorized representative, by registered mail, or by electronic means to all members of record at his last known postal address, or by posting or publication, or through other electronic means, at least one (1) week before the said meeting. It shall be accompanied with an agenda, minutes of meeting of the last general assembly meeting, consolidated reports of the Board of Directors and Committees, audited financial statements, and other papers which may assist the members to intelligently participate in the proceedings. By Laws RA 9520 or the Philippine Code of 2008Section 6. Notice of Meeting .b. Special General Assembly Meeting . Notice of any special general assembly meeting shall be served by the Secretary personally or his duly authorized representative, by registered mail, or by electronic means upon each members who are entitled to vote at his last known postal address, or by posting or publication, or through other electronic means, at least one (1) week before the said meeting. It shall state the purpose and, except for related issues, no other business shall be considered during the meeting. By Laws RA 9520 or the Philippine Code of 2008Section 7. Order of Business . As far as practicable, the order of business of a regular general assembly meeting shall be: a. Call to order; b. Roll Call; c. Proof of due notice; d. Declaration of presence of quorum; e. Consideration of presence of quorum; f. Reading and approval of the previous minutes of meeting; g. Matters arising from the minutes; By Laws RA 9520 or the Philippine Code of 2008Section 7. Order of Business h. Consideration of the consolidated report of the board of directors, officers, and the committees, including audited financial statements of the Cooperative; i. Unfinished business; j. Election of directors and committee members; k. Approval of Development Plan and Budget; l. New business; m. Other matters; and n. Adjournment By Laws RA 9520 or the Philippine Code of 2008Section 8. Quorum for General Assembly Meeting . During regular or special general assembly meeting, at least ___________ of the total number of members entitled to vote shall constitute a quorum. By Laws RA 9520 or the Philippine Code of 2008Section 9. Voting System . Only members entitled to vote shall be qualified to participate and vote in any general assembly meeting. A member is entitled to one vote only regardless of the number of shares he owns. Election or removal of Directors and Committee members shall be by secret ballot. Action on all matters shall be in any manner that will truly and correctly reflect the will of the membership. No proxy and/or cumulative voting shall be allowed. By Laws RA 9520 or the Philippine Code of 2008
- #6 A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise.
- #7 Voluntary and Open MembershipDemocratic Member ControlMember Economic Participation (Share Capital Interest)Autonomy and IndependenceEducation, Training and InformationCooperation Among CooperativesConcern for CommunityThe first principle is anchored on voluntarism The second principle is democracy The third principle is the limitation of share capital interest The fourth principle is sharing all location of cooperatives surplus or savings. The fifth principle, makes provision for the education and training of cooperatives members, officers and employees, and of the general public in the principles and techniques of cooperation. The sixth principle harps on the promotion of cooperation between cooperatives at local, national and international levels The seventh principle is the concern for community by working for its sustainable development through policies approved by the cooperative members.
- #10 A cooperative has two kinds of members, regular members and associate members. A regular member is entitled to all the rights and privileged of membership as stated in the Cooperative Code and the coops by- laws. An associate member has no right to vote and to be voted upon and is entitled to such rights and privileged provided by the cooperatives by laws. Cooperative By-LawsThe qualifications for membership; how they are acquired, maintained and lost; The rights and obligations of members; The condition for transfer of a share of interest; The rules and procedures covering agenda, time, place, and manner of calling, covering , conduct meeting, quorum requirements, voting system, and other, matters related to the business affairs of the general assembly, board of directors, and committees; The general conduct of the affairs of the cooperative , including the powers and duties of the general assembly, board of directors, committees and the officers, and their qualifications and disqualifications; The manner in which capital may be raise and purpose for which it can be utilized; The mode of custody and investment of net surplus; The accounting and auditing systems. The manner and limitations of loaning and borrowing, including limitations; The methods of distribution of net surplus; The manner of adopting, amending, repealing, and abrogating by-laws; A conciliation or mediation mechanism for the amicable settlement of disputes among members, directors, officers and committees; and Other matter pertaining to the purpose and activities of the cooperative.The Article of Cooperation contentThe Article of Cooperation is a duly notarized document that legally binds all the signatories in the formation of a cooperative. It should contain: The name of the cooperative which shall include the word "e; cooperative, "e; e.g. Sta. Maria Multi-Purpose Cooperative; The purpose of the cooperative and scope of business; The term of existence of the cooperative (not more than 50 years); The area of operation and the postal address of the registrants; The common bond of membership; The list of names of the directors who shall manage the cooperative; and The amount of its share capital, the names, and residences of its contributors and a statement of whether the cooperative is primary, secondary of tertiary in accordance with Article 23 of R.A 6938.
- #12 Economic Benefits Credit Facilities (Loans)Share CapitalDividend/Patronage RefundImproved Economic Status (Thrift and wise use of money)Marketing AssistanceBusiness /Earning OpportunitiesSocial BenefitsGroup Term Insurance Providential AssistanceEducation and TrainingMedical AssistanceScholarships, Tour PackagesOther Social ProgramsPolitical BenefitsAdvocacyCheck and Balance
- #16 Your vehicle to your financial freedom.
- #17 Global Dollar Builder Credit Cooperative (GDBCC) is duly registered with the Cooperative Development Authority, a government agency responsible in managing and monitoring the different cooperatives of the Philippines.Head Office: Unit-16 & 26 2nd/F San Elias Bldg 38 Ortigas Ave. Ext., Rosario, Pasig City
- #21 In our cooperative, you only pay a one-time lifetime membership fee of $25 or 110 Riyals or P1,100. Where will you get money to pay for you share capital mandated in the cooperative law?Here comes our unique systems. Bounded by the principles of cooperative, we offer open membership to any individual of legal age where ever you are and through the spirit of cooperation and thriftiness, we can build our cooperative a unique way.Here’s how it works, once you registered by paying your membership fee, through the spirit of cooperation, we want you to help us build our cooperative on a voluntary basis and to do this, we want you to share to others you know the products, services and opportunities our cooperative offers. Encourage them to join our coop too and ask them to share to others they know also. You need at least 2 people to join then encourage them to share our products, services and opportunities to 2 people they know also, etc.Because you did one of your duty as a coop member, you will be compensated for doing it. In a traditional coop, when you refer someone to join a coop, you have nothing in return but with our unique system, you will be compensated for bringing people to our cooperative.
- #22 Reality: To become a cooperative member, you need money to pay for your membership fees, required coop share capital build up and savings. You use your own money or salaries to pay for this if you want to enter a cooperative. It’s one of the duty of a coop member to pay for your share capital. Most cooperatives require a minimum share capital of at least P2,000 or more. You can pay this in cash or in instalment. Your share capital is the basis of your loan in case you want to borrow in a coop. So to loan for a bigger amount, you need to have a bigger coop share capital or deposit money for your savings. There is nothing wrong about share capital build up because it is under the cooperative law.In our coop, you do not need to worry where to get money to pay for your share capital buildup which is required in any cooperative. This is one way of being thrifty on your part.Basis of loan amount: Usually for new members, when they apply for a coop loan, loan amount is times 2 only of the paid up share capital and you need to wait for at least 1 month or more before you apply for a loan. So for new members to loan for P5,000, you need a paid share coop capital of P2,500 (times 2). For old members, it’s times 3. In addition, you need a comaker and other documentary requirements to present then the credit committee will review your application. If you are a member in good standing with complete requirements, your loan will be approve. Sometimes, it takes time before loan is released especially if many filed for loans or lacking documentary requirements.Coop Share Capital. All GDBCC members become certified part owner of the cooperative and each has a coop share of 22 valued at P100 each share so a total share capital of P2,200.00. In other cooperatives, you need to pay for your share capital out of your pocket or salaries. If you want to loan for bigger amounts, you have to pay bigger share capital or have bigger savings deposit. In our cooperative, you do not need to pay for your share capital out of your pocket. Your efforts of sharing our coop to others will be compensated through coop paid share capital.We will teach you how to pay for your share capital or pay your loans without getting from your own pocket but from your cooperative earning.Contact your Sponsor now:Email: jdb.ecoop@gmail.comMobile: +639392369981Thrift because you do not need to pay for your share capital.
- #23 Summary of GDBCCmember benefitsHelp Members. Share the Blessings. Make Money.1. You will become a lifetime GDB Credit Cooperative Member with Coop ID.2. You will become a part owner of the cooperative by SHARE Capital. COOP Share of 22 shares valued at P100 per share (P2,200). No need to pay for this. This is one of our unique advantage and we will show you how.In other cooperatives, coop share comes from your own pocket which you will pay in installment or in cash.In our e-Coop, our unique plan will pay for your coop share as a gratitude of your efforts in doing you duties as a coop member which become part of your earning. You only pay for the one-time membership fee and do your duty as a coop member by referring or sharing our coop benefits to others and patronizing our products and services.3. Yearly Share Dividend and Patronage RefundAt the end of the year, you will receive dividends from the coop. All earnings from Power Peso, you can get as much as 75% payout as your Patronage Refund.4. GB Wealth Fund @ $2 per memberWhen a coop member dies, every coop member contributes as assistance to the family. This will automatically comes from the Member's Wealth Fund. The maximum amount given to the family of a deceased member is $20,000.00.5. Medical Assistance from P500.00 to P2,500.00This is availed once a year for regular coop members in good standing.6. ZERO PERCENT INTEREST (0%) NO COMAKER CASH LOANSPersonal loan from P5,000 to P50,000Emergency Loans (2 days processing)Business Loans from P80,000 to P500,000Car and Housing Loans.*** Loan amount depends on your member status if you are in good standing and your group. Loan payments may come from your earnings.7. FREE Accident Insurance where ever you (here or abroad): Accident benefit up to P100,000.00; Total and Permanent Disability up to P100,000.00; P24,000 Cash Allowance, P12,000 Monthly Grocery, P10,000 Burial Assistance, etc.8. Savings Potential. In other cooperatives, this amount comes from your own pocket which you will deposit in the coop. In our e-Coop, a portion of your earnings will be saved for your future.9. EARNING POTENTIALa. DOLLAR ($) EarningThis is your chance to earn in dollars even if you are in our country. You have the option to convert to peso. Earn $50 to $800 or even more and $5 to $10 per direct referral each time you referred someone to the coop. Also avail the following incentives: FREE Health Packages, Scholarships worth P8,000 and Tour Packages worth P13,000b. Power PESO EarningYou need at least 2 direct referrals to qualify for this to avail unlimited P500 direct referral with incentives of P15,000.00 to P45,000.00.10. FREE e-Books, Software and Videos which you can resell and keep the profits 100%.
- #24 How to qualify for a loan?For comparison’s sake, in a traditional cooperative, before you apply for a loan, you need to pay first for your share capital which is the basis of your loanable amount which may be twice or thrice the amount of your share capital. For example, your paid share capital is P2,500. You are only entitled to a loan of P5,000 (twice share capital) especially if you are a new member but for old coop members, you are entitled to a P7,500 loan (thrice share capital). If you want a bigger loan amount, you need to increase your share capital and savings deposit which comes from your own pocket. In addition, if you are a new member, you will need to wait for 1 month to 3 months or more before you apply for a loan even if you paid for your share capital in full or deposited an amount for your savings. Further, you also need to present some documentary requirements, look for comakers in good standing, etc. The chance of approval depends on your standing in the coop. If you have a bad record, expect for the worst but if you are in good standing, you may avail the loan you want in full or partial depending on what the credit committee approves. On top of these, your loan is subjected to interest which may range from 0.5% to 1% or more.In other loan or lending institutions or providers like banks, you will need to comply to all the documentary requirements like proof of income, billing, address, etc. then undergo credit investigation (CI) and complying with these do not guarantee your loan approval. You may be declined especially those with bad credit standing or a portion of your required loan is approved based on the documents you provided. In addition, they will charge you for higher interests like 1% to 5% or more.As a coop, we live by its principles especially sharing the economic benefits to coop members and others through thrift and economical means to the point that even if our members did not pay their share capital, we can grant them loans at 0% interest. In our credit cooperative, we have our unique system in order to help members have economic gains even without paying for share capital or having savings deposit. Our system will even show you how to be thrift by promoting savings potential. There is no need to pay for your share capital to apply for a loan, no CI, no need to wait for 1 month, no comakers, no proofs of income, and NO interest (0%).To avail our loan, you only need to become a member by paying the one-time membership fee of $25 or 110 Riyals or P1,100. No other fees to pay to avail for a loan. One of the thrift measures we implement so that our coop members will not pay for share capital or loan for bigger amounts or even pay for loans proceeds without getting from their pocket is the spirit of sharing. Share to others our cooperative to become coop members too. Share them the benefits and earning potential of our coop and encourage them to join. You only need 2 immediate referrals then encourage these 2 to refer 2 each, etc. Once you have 6 registered members under you, you can qualify to apply for the first loan worth P5,000 which you can be released in about 20 days only. This is one of the thrift way for your to have your loan at 0% interest even without paying for your share capital. As the number of people below you increases, you can have your second loan of P10,000 after you paid your first loan, etc.How to pay for your loans?You can pay the conventional way by paying to our main office or sector centers nearest you or online by depositing your payments to our coop banks. When paying online, you need to keep the deposit slips as proofs or if you send through perapadala, inform the office and keep the transactions documents as proof. Remember that our coop charge 1% interest for delinquent or delayed payments.As stated, you first loan can be paid in 3 months minimum but you can request for longer payment period subject for approval. Another way of paying for your loans is through the earnings generated under you. The beauty of our coop is that you have your backend online profile where you can log in and check your account. If you have accumulated earnings, you can use it to pay for your loans or you can withdraw it.This is one of the advantages of our cooperative that it will give to its members. Through its thrift measures, you can avail of loans or gain economic or financial gains even without investing huge amounts.So, share the cooperative way!
- #25 A cooperative needs voluntary people to become members who form the General Assembly which in any cooperative organizational chart is the highest body. Coop members are very vital in capital build up.Each individual has his own reason to join a coop. The most common reason why individuals join a coop is to avail loans with lower interest rates or to have savings or time deposits with higher interest rates as compared to banks. Some join producers, consumers or multi-purpose cooperatives because these types of cooperative offer lower prices on basic commodities to members.For our part, we are a credit cooperative and we offer loans to our members at 0% interest rate with a chance to earn through our unique compensation plan.A unique part of our member’s benefit wherein every time you refer a new member to join our cooperative, you will be compensated. In a traditional cooperative, any member you refer to a coop, you have nothing in return. You will also need to pay out of your pocket the required share capital either in cash or in instalment and pay your loans out of your pocket.In our cooperative, we will teach you how to pay for your share capital or pay you loan without the need to get it from your pocket. You only need to refer at least 2 immediate referrals to qualify to the huge income potential. Then, encourage the 2 you referred to get each 2 referrals. The more coop members the merrier and more income.The next slides teach you how to earn being a GDBCC cooperative member which you can use to pay for your loans, share capital, etc.
- #26 You entry level to our cooperative is your $25 or 110 Riyals or P1,100.When you pay this, you will be given an activation code for you to register online in our website. Once you register, you will be given a member site wherein you will trace all the coop members that joined under you. Since we would like paperless transactions, you can request for loans online, track your earnings online, download e-books, softwares, videos, etc. You will be assisted by your sponsor when you register.
- #28 Again, here are the perks you will enjoy as coop members, FREE e-Books, Lifetime Coop Membership, Unlimited Commission in Dollars or in Peso with FREE Accident Insurance.Register now:Contact: +639392369981 or email: jdb.ecoop@gmail.com
- #29 Register now:Contact: +639392369981 or email: jdb.ecoop@gmail.com
- #30 Some of the future plans of our cooperative is to put up GDBCCApartelle which is exclusive for GDBCC coop members. This is ideal for OFWs who will be returning to the Philippines because they will have a temporary shelter at a minimal cost especially those in the province. You can stay here for while.Another is housing projects and livelihood assistance program.
- #31 Register now:Contact: +639392369981 or email: jdb.ecoop@gmail.com