The document is an economic survey of the League of Independent People Aiming for Development Multi-Purpose Cooperative (L.I.P.A.D.MPC), formed by residents of Birmingham Village, Philippines. The cooperative aims to provide savings, retirement, financial education, job opportunities, and social/economic development for its members. It plans to strengthen members through income generation, self-sufficiency, and financial/social education. The survey details the cooperative's general information, strategic operational plan, projected membership growth, capitalization strategy, estimated revenues/expenses, necessary equipment and training, and organizational structure for its first three years of operation.

1. League of Independent People Aiming for Development Multi-Purpose Cooperative
L.I.P.A.D.MPC.
Economic Survey
LipadMPC was formed by concerned residents of Birmingham Village, Pulo, City of Cabuyao,
Laguna, Philippines to serve as a vehicle for their savings, retirement and to educate their members
about financial matters. This was also for the purpose of providing income through job generation and
for their economic and social development as a whole; providing quality goods and services and at the
same time improving the member’s capacity to become more productive citizens of the community.
The Cooperative aims to strengthen members’ capacity through income generation. It promotes
self-sufficiency and provides financial and social education to members and their community and
aspires to undertake community development as a whole.
I. General Information:
LipadMPC is a Multi-purpose Cooperative based on B00 L00, Birmingham Village, Pulo, Cabuyao,
Laguna. It’s initial area of operation is within barangay level. It applies a Residential Common bond
of membership composed of homeowners of the subdivision where it was formed and their
immediate families. It was formed initially by eighteen (18) founding members. It’s projected
membership increase is as follows:
First Year:
100
Second Year: 200
Third Year:
300
II. Strategic Operational Studies:
A. Economic Aspect:
There are no Cooperatives within the area of operation offering the same services. The
Cooperative plans to use the following strategy to ensure support of it’s members:
a. Collective purchases
b. Commitment on lending policies
c. Active participation in cooperative affairs
d. Transparency, Integrity, Volunteerism and Cooperation
The Cooperative plans to serve members and non-members alike. It plans to undertake the
following business in its first three years of operation:
First year: “Member only” personal loans and Consumer Services
Second year: Offer lending services to non-members.
Third year: Expansion on consumer services and quasi-banking.

2. B. Financial Aspect:
1. Capitalization
The Cooperative shall generate its capital through:
-
Share Capital Subscription and deferment of Dividends/Patronage refund
Acquisition of Loans/borrowings
Solicitation/acceptance of donations, subsidies, grants, etc.
Fund raising activities
Its initial Operating Capital on the date of their registration is as follows:
Authorized Share Capital:
Subscribed Capital:
Paid-up Capital:
Par Value:
PHP
PHP
PHP
PHP
1,000,000.00
00.00
00.00
100.00/share
The Cooperative plans to use the following strategy for internal capital build-up (as stated on
Article VII in its by-laws):
a. Continuous Capital Build-up: minimum of PHP 100.00 per month per member.
b. Borrowing from members.
c. Deferred Interest on Capital and Patronage Refund: through BOD resolution.
d. Retentions: percent per unit basis from proceeds of services acquired through BOD
resolution.
2. Revenue:
The Coop foresees the following revenue in its first three years of operation:
First year:
PHP 150,000.00
Second year: PHP 200,000.00
Third Year:
PHP 300,000.00
3. Expenditure:
The Estimated expenses of the Cooperative is planned as follows:
First year:
PHP 75,000.00
Second year: PHP 100,000.00
Third year:
PHP 150,000.00
4. Investments
The Cooperative plans to invest in the following:
a. Cooperative bank
b. Federation
c. Mutual Funds
d. Joint ventures
e. Insurance

3. C. Technical Aspect:
1. Equipment/machineries/facilities are deemed necessary for the effective and efficient
operation of the Cooperative:
a. Computer
b. Tables
c. Chairs
d. Calculator
e. Filing Cabinet
2. The cooperative shall procure its equipments/machineries/facilities thru donations and cash
purchases.
3. Skills/experiences/trainings
equipments/machineries/facilities.
that
are
deemed
necessary
for
the
operation
of
a. Computer literate
b. Simple Accounting Skills
D. Organizational Structure:
1.
The Board of Directors qualifications shall be minimal as long as they have proven themselves
as trustworthy and cooperative members of the Organization. Integrity and concern for the society is
enough for them to effectively formulate sound policies, strategies and guidelines which would
ensure the success of the Cooperative.
2.
The initial employees of the Cooperative shall be strictly for members only:
a. Manager: Volunteer member. At least High School Graduate with experience on handling
business.
b. Accountant: Volunteer member. At least undergraduate on a course involving accounting
and preferably with experience.
c. Bookkeeper: Volunteer member. At least High School graduate with accounting and
bookkeeping skills and experience.
d. Cashier/Collector/Sales Clerk: Volunteer members at least High School Graduate.
-All employees shall receive minimal and reasonable allowances on the first year of operation.
3.
The Cooperative aims to provide its members, Officers and staff with equal trainings for their
self-improvement and prepare them for future service in the Organization.
a. Pre-membership Education Seminar
b. Strategic planning and Budgeting
c. Duties and Responsibilities
d. Effective Management
e. Basic and Intermediate Bookkeeping and Accounting
f. Financial Responsibility and Education
g. Effective Organization
h. Business Planning and Strategy
h. Community Development Education

4. 4. The Cooperative Committees shall be composed of the following:
a) Audit
Chairperson:
Vice-Chairperson:
Secretary:
b) Election
Chairperson:
Vice-Chairperson:
Secretary:
c) Education & Training
Chairperson:
Vice-Chairperson:
Secretary:
d) Ethics/Conciliation/Mediation
Chairperson:
Vice-Chairperson:
Secretary:
e) Credit/Collection/Finance
Chairperson:
Vice-Chairperson:
Secretary:
We, the Founding Board of Directors, hereby certify that the foregoing Economic Survey was
prepared in accordance with the facts, information and other data we believed vital to the success of
the initial operations of the Cooperative.
By:
Jay C. de Jorge
Chairman of the Board
Angelo James Furto
Vice-Chairman
Rachel Calanuga
Secretary
Roberto Dalisay
Board Member
Jinalyn Paat
Board Member
Eldina Navea
Board Member
Ma. Rhea Pamela Catilo
Treasurer
Lowel Magaspar
Board Member
Lynn L. Borito
Board Member

5. Subscribed and sworn to before me this __________________________ day of
_______________________201____ in ____________________________, Philippines above affiants
exhibiting ro me their valid proof of Identity.
Jay C. de Jorge
Angelo James Furto
Rachel Calanuga
Ma. Rhea Pamela Catilo
Roberto Dalisay
Jinalyn Paat
Lowel Magaspar
Eldina Navea
Lynn L. Borito
__________________________
Notary Public
Doc No.: __________
Book No.:_________
Page No. __________
Series of 201_______