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    MaFIPCo EconSurvey

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    Dan Ela
    day of , 20 at . The document provides an economic survey of the Mawab Farmer Irrigators Producers Cooperative (MaFIPCo). MaFIPCo was formed as a cooperative by members of the Mawab Integrated Irrigators’ Association, Inc. to operate and manage a new rice processing center being provided by the Department of Agriculture. The survey details MaFIPCo's background, rationale for formation, general information, strategic and operational plans, and organizational structure. It provides projections for membership growth, capitalization, revenue, expenses and investments over the first three years of operations.

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    © All Rights Reserved
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    MaFIPCo EconSurvey

    Uploaded by

    Dan Ela
    311 views6 pages
    day of , 20 at . The document provides an economic survey of the Mawab Farmer Irrigators Producers Cooperative (MaFIPCo). MaFIPCo was formed as a cooperative by members of the Mawab Integrated Irrigators’ Association, Inc. to operate and manage a new rice processing center being provided by the Department of Agriculture. The survey details MaFIPCo's background, rationale for formation, general information, strategic and operational plans, and organizational structure. It provides projections for membership growth, capitalization, revenue, expenses and investments over the first three years of operations.

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    minor business plan

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    day of , 20 at . The document provides an economic survey of the Mawab Farmer Irrigators Producers Cooperative (MaFIPCo). MaFIPCo was formed as a cooperative by members of the Mawab Integrated Irrigators’ Association, Inc. to operate and manage a new rice processing center being provided by the Department of Agriculture. The survey details MaFIPCo's background, rationale for formation, general information, strategic and operational plans, and organizational structure. It provides projections for membership growth, capitalization, revenue, expenses and investments over the first three years of operations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    311 views6 pages

    MaFIPCo EconSurvey

    Uploaded by

    Dan Ela
    day of , 20 at . The document provides an economic survey of the Mawab Farmer Irrigators Producers Cooperative (MaFIPCo). MaFIPCo was formed as a cooperative by members of the Mawab Integrated Irrigators’ Association, Inc. to operate and manage a new rice processing center being provided by the Department of Agriculture. The survey details MaFIPCo's background, rationale for formation, general information, strategic and operational plans, and organizational structure. It provides projections for membership growth, capitalization, revenue, expenses and investments over the first three years of operations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    ECONOMIC SURVEY

    OF
    MAWAB FARMER IRRIGATORS PRODUCERS COOPERATIVE (MaFIPCo)
    BACKGROUND.
    The Mawab Farmer Irrigators Producers Cooperative or MaFIPCO is a closedtype cooperative of members of the Mawab Integrated Irrigators Association, Inc.
    (MIIAI) a duly registered association with the Securities and Exchange Commission
    (SEC) and an active partner of the National Irrigation Administration thru its
    Irrigation Management Office for Compostela Valley Province since 2003.
    Over the last seven years, MIIAI has likewise been an active partner of the
    Department of Agriculture (DA) thru its Regional Field Office XI (RFO-XI). In 2013,
    DA RFO-XI implemented a piloting project on farm modernization and mechanization
    targeting rice farmers within an irrigated area of not less than 500 hectares. MIIAI
    was chosen as one of the beneficiary organizations that will partner with DA on the
    project.
    Under the project, beneficiary organizations shall be recipients of farm
    equipment and facilities particularly for land preparation, harvest and postharvest
    activities. In addition, the organizations shall undergo capability building trainings to
    strengthen and enhance their administrative and organizational capacities. The
    project intends to uplift the socio-economic condition of rice farmers by making
    them farm service providers and transforming them into becoming farmerentrepreneurs.
    RATIONALE.
    Part of the package that MIIAI is slated to receive thru this piloting project is a
    Level 1 Rice Processing Center (RPC1) consisting of a 300sqm warehouse cum rice
    mill building and its required equipment. And in order to ensure the successful
    operation of the RPC1, a working capital shall also be provided.
    Given the legal limitations for an association to undertake entrepreneurial
    activities, it was conceived that MIIAI form a cooperative for its members. The
    cooperative, MaFIPCo, shall primarily operate and manage the RPC1 and its
    consequent marketing activities.
    For all intents and purposes, MIIAI shall maintain its partnership with NIA and
    DA. Specifically, it shall continue to provide irrigation and other farm-level services
    to its members and non-members. MaFIPCo, on the other hand, shall ensure that all
    income-generating endeavors of members of MIIAI shall be properly managed and
    resulting economic benefits are equitably distributed.
    I. GENERAL INFORMATION
    A. Type of Cooperative:
    _____Credit

    ___Producer

    _____Service _____Consumer _____Marketing

    _____MPC
    ____Advocacy_____ARC ______Coop Bank _____Dairy
    _____Education____Electric _____ FSC ________Fishermen _____ Health Service
    _____Insurance____Transport____Water ______Workers
    _____Others (Specify) _______________________________________________
    B. Office Address of Cooperative: Public Terminal Compound, Poblacion,
    Nuevo Iloco, Mawab, Compostela Valley Province
    (No., Street, Bgy., Town/City, Province)
    C. Area of Operation:
    _____Barangay
    ___Municipal/City
    _____Provincial

    _____Regional

    _____National

    D. Common Bond of Membership:


    _____Residential
    _____Occupational

    _____Institutional
    ___ Associational

    E. Composition of Members:
    __ _Farmers
    ___ Indigenous Community
    _____Fisherfolks
    _____Disabled
    Women
    ___ ARBs
    _____Rebel Returnees
    ___ Workers/Employees
    _____Others
    (Specify)______________________________

    _____Youth
    ___
    _____OFWs

    F. No. of Founding/Organizing Members: ______15___________


    G. Projected Increase of Membership for:
    First Year
    : ______100________
    Second Year : ______200________
    Third Year
    : ______300________
    H. Authorized Capital P_____500,000.00_______
    Subscribed Capital P______75,000.00_______
    Paid-up Capital
    P______19,500.00_____
    Par value
    I.

    P_______100.00_____

    Is the proposed cooperative previously Registered with? : SEC_


    DOLE_____
    ______ Others, specify__________________

    II. STRATEGIC/OPERATIONAL STUDIES


    A. Economic Aspect
    1. Are there any other existing cooperative/s within your proposed area of
    operation that provide the same goods/services which the cooperative plans to
    offer? If yes, please state the name/s of such cooperative/s: Mawab Multipurpose
    Cooperative.
    2. What strategies the cooperative shall implement to ensure the support of
    the members?
    _____Collective purchases
    _______Commitment on lending policies
    _____Active participation in cooperative affairs
    _____Others
    business_________.

    (please

    specify)

    _Commitment

    to

    patronize

    the

    coops

    3. Are you intending to transact business with


    a) members only___ b) members and non-members __
    4. What business activities the Cooperative plans to undertake during the first
    three years of its operation:
    First Year

    : Production of palay into rice for sale to members and nonmembers, and operation of postharvest facilities_.
    Second Year : same as above ________________________________.
    Third Year
    :

    same
    as
    above
    ___________________________________________.

    B. Financial Aspect
    1. Capitalization
    a. In pursuing its economic activities, how shall the Cooperative
    generate its capital?
    ____Share Capital Subscription
    _____Deferred payment of patronage refund/interest on share capital
    (Revolving
    Capital)
    _____Acquisition of Loans/borrowings
    ____Solicitation/acceptance of donations, subsidies, grants, etc.
    ____Fund raising activities
    b. How much is the Cooperatives initial operating capital?
    _____1,000,000.00___.
    c. Strategies for internal capital build-up. _Forced savings, automatic
    payment mechanism for capital share build-up, and membership
    drive.
    2. Revenue
    Projected revenue based on the initial operating capital.
    First Year
    :
    ______1,600,000.00________________________________.
    Second Year :
    ______1,750,000.00________________________________.
    Third Year
    :
    ______1,950,000.00________________________________.
    3. Expenditure
    How much is the estimated expenses, for:
    First Year
    : _________1,400,000.00__________________________.
    Second Year : _________1,500,000.00__________________________.
    Third Year
    : _________1,650,000.00__________________________.
    4. Investments
    Does the Cooperative intend to
    _____Cooperative bank
    __ __Federation
    ______Joint ventures

    invest in the following?


    _____Mutual
    ___Insurance
    ___Others (specify): businesses of
    other cooperatives

    C. Technical Aspect
    1. What equipment/machineries/facilities are deemed necessary for the
    effective and efficient operation of the Cooperative? (please check)
    _____Typewriter
    ______Medical Instruments
    _____Computer
    _____Warehouse
    _____Tables
    _____Milling
    _____Chairs
    ______Farm Equipment
    _____Calculator
    _____Post Harvest Equipment
    ______Vault/Safe
    _____Solar Dryer
    _____Filing Cabinet
    ______Fishing Equipment
    _____Others (specify):_Recirculating Dryers, Weighing Scale, Bagger
    machine_______
    2. How would the Cooperative procure its equipment/machineries/facilities?
    _____Cash purchase
    Other
    mode/s
    (specify)
    ______________________________
    _____Loans
    _________________________________________________
    _____Donations _________________________________________________
    3. What skills/experiences/trainings are deemed necessary for the operation
    of its equipment/machineries/facilities?

    a. Operations and maintenance of compact rice mill;


    b. Operations and maintenance of mechanical dryers;
    c. Operations and maintenance of grains warehouse.
    D. Organizational Structure/(attached organizational chart)
    1. What qualifications/skills the Board of Directors should possess to enable
    them to formulate sound policies, strategies and guidelines which would
    ensure the success of the Cooperative?
    a. Should be knowledgeable in rice production and processing;
    b. Should have at least a minimum of three (3) years experience in rice
    processing;
    c. Should be familiar with the rice industry in general and its marketing
    landscape;
    d. Should be known for exhibiting fair treatment and sound judgement;
    e. Should not have any adverse record involving moral and/or financial
    issues;
    f.
    2. For its initial operations, who among the following officers/employees should
    be hired by the Cooperative?
    POSITION

    NAME

    STATUS OF
    APPOINTMENT

    Manager

    Daniel T. Ela

    Part-time (to
    be hired)

    Accounta
    nt
    Bookkeep
    er

    Nenita O. Ramos

    Part-time
    (TBH)

    Cashier
    Collector
    Sales
    Clerk
    Others

    Part-time
    (TBH)
    Pedro T.
    Ragandap, Jr.
    Jenesa E.
    Ragandap

    Part-time
    (TBH)
    Part-time
    (TBH)

    MINIMUM
    EDUCATION
    EXPERIENCE/TRAINI
    NG
    College degree /
    Rice production
    experience

    MONTHLY
    COMPENSATI
    ON

    College degree /
    Bookkeeping
    experience
    College level /
    Cashiering
    experience
    High School level /
    High School level /
    no experience
    required

    (Permanent, Contractual, Full-time, Part-time, Volunteer, etc.)


    3. What are the Cooperatives education programs for:
    a) Members BMES, _________________________________________________
    b) Officers __________________________________________________________
    c) Staff _____________________________________________________________
    4. Who are the Chairmen and members of the following committees?
    a) Audit Adolfo B. Catiempo, Sr., Helen L. Porras, Ponciano S.
    Gonzaga
    b) Credit to be appointed after founding assembly
    c) Election George G. Pelandas, Leonardo G. Macatumbas, Romeo B.
    Sacayan
    d) Education & Training to be appointed after founding assembly
    e) Mediation/Conciliation to be appointed after founding assembly
    f) Other (Specify) _____________________________________________________
    ____________________________________________________________________
    ____________________________________________________________________

    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.

    SERVINO B. HITALIA
    FRANCISCO P. CUAMAG
    Chairman
    BOD Member

    SAMSON S. BALAYO
    SERAVILLO
    BOD Member
    Member

    ESPERDION B. COLOMA
    Vice Chairman

    BAE ANTONIETA D. MACABANI

    CARMELO C.

    BOD Member

    BOD

    HONORIO A. CABACUNGAN
    BOD Member

    Subscribed and sworn to before me this _______ day of November, 2015 in


    Mawab, Compostela Valley, Philippines above affiants exhibiting to me their valid
    proof of identity:
    Names
    SERVINO B. HITALIA
    ESPERDION B. COLOMA
    FRANCISCO P. CUAMAG
    SAMSON S. BALAYO
    BAE
    ANTONIETA
    D.
    MACABANI
    CARMELO C. SERAVILLO
    HONORIO
    A.
    CABACUNGAN

    Proof of Valid
    Identity
    Drivers License
    Drivers License
    SSS ID
    SSS ID
    SSS ID

    Office & Place of Issue

    Drivers License

    NOTARY PUBLIC

    NOTE:
    The CDA reserves the right to review/verify the authenticity/viability of the
    information provided in this survey and may require the proponent to modify, revise
    or amend the whole or any part thereof if necessary, or, if found to be economically
    unfeasible, deny the registration of the Cooperative.

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