SlideShare a Scribd company logo
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
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
Ave. production:
9,000 bags daily
hogs, poultry, fish
feeds
mash and pellet feeds
semi-computerized
with mechanized corn
storage
Feedmills
known as paiwi system
fatteners
Stocks, Feeds, Veterinary
Services & Marketing
Equal Sharing in Profit
Patronage Refund
Loan for Pig Pen
Contract Growing
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
Artificial Insemination
Ensures high quality
piglets
Cost Efficient
Maintaining high grade
boars
Supervised by qualified
technicians
850 sow level piglet
multiplier farm
Taysan, Batangas
Hi-grade sows and
boars
first-class facilities
Pig Farm
Communal Farm
With capacity of 1,130
heads hog fatteners
Provides members of hog
pen, stocks, feeds and
veterinary products &
services
Hog Selling Pen
Speeds-up sales of
hogs
electronic weighing
scale
Prevents spread of
diseases
Selling pen fees
CoopMart
wide variety of
merchandise at
affordable prices
Members with
assigned Code
Numbers
Patronage Refund
30 day credit
SIDC Mindoro Branch
 Consumer store
wherein basic
household needs are
available including
agricultural inputs
 milling capacity –
220 sacks of palay a day
Slaughterhouse
 Batangas City
government awarded
the management of
Batangas City
Slaughterhouse
 An average of 150
heads were
slaughtered everyday
CABLE TV
Satellite Master
Antenna
Television
Deferred
Payment of
monthly
subscription fee
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
SHELL Gasoline Station
 Located at Pinamalayan,
Oriental Mindoro
 Offers gasoline
products, auto supply
and coop products
 With savings & loans
Meat Processing
 Develop processed meat
products from the hogs
produced by coop
members (tocino,
smoked and skinless
longganisa , siomai, ham,
sisig, & barbeque)
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
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
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.
SIDC Nueva Ecija Branch
 With Minimart,
Savings & Loans,
Restaurant,
Meatshop &
Contract Growing
Layer Farm
 Located at Balanga
Ibaan, Batangas
 with 75,000 heads
of layers
6 to 9 Store
 Store operated
by members
 Store and stocks
to be provided by
SIDC
Covered In-Ground Anaerobic Reactor
(CIGAR) Biogas Digester
Biogas supply electricity
to SIDC Main Office Building
 Annual Sales P3.597Bn
 Return on Equity 13.78%
 Fixed Asset Turnover 6.6 times
 Net Profit Ratio 4.30%
Show me the figures
More Figures
 Operating Income ROI 14.19%
 Past Due Rate (loans) 2.18%
 Cash Conversion Cycle 28 days
Personality Development
Shared ownership
Assumed Role
Pledged Commitment
Establishing a Character
Internal control
Mechanism
Transparency
Credibility
Recognition
Growing Pains
Integration
◦Backward
◦Forward
Need to find our strengths
Dare to be Different
 Diversification
 Responding to the Clients’ Demands
Life Cycle
 Continuous Process
 Interdependence
 Empowerment
COOP
Coop
Business
Members
S u r p l u s
Patronage Refund
Interest on Capital
Health Benefits
Mortuary Benefit
Scholarship
Community Fund
Plot The Curves
 Economic Viability
 Social Relevance
Economic Viability
and Social Relevance Curves
Social Relevance
EconomicViability
(Profitability)
Economic Viability
and Social Relevance Curves
Social Relevance
EconomicViability
(Profitability)
Economic Viability
and Social Relevance Curve
Social Relevance
EconomicViability
(Profitability)
Paint the Future
Let’s not Rest on
Our Laurels
Follow our Dreams
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
“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)
Sail on … do not anchor there
Thanks for listening!

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Sorosoro Ibaba Development Cooperative

  • 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
  • 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
  • 28. Establishing a Character Internal control Mechanism Transparency Credibility Recognition
  • 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!