Sorosoro IbabaDevelopment

Cooperative (SIDC)Sorosoro Ibaba, Batangas City

Dito, IKAW ang may ari,Sa KITA ikaw ay kahati!

SOROSORO IBABA DEVELOPMENTCOOPERATIVE HISTORY

Started as small farmers organization at Brgy. Sorosoro Ibaba, Batangas City on March 19, 1969

Initial capitalization of 59 members – P11,800.00

Founder – Mr. Victoriano Barte

Sari-sari store – first business venture

Membership – 20,991 Members

Assets – P1.7 Bn

Total Volume of Business – P3.0 Bn

Share Capital – P445 M

Savings Mobilization – 380 M

46th year on March 19, 2015

SOROSORO IBABA DEVELOPMENTCOOPERATIVE PROFILE

AS OF DECEMBER 2014

Type of Operations : ISO Certified Feedmill, Savings and Loans, Consumer Retailing, Gasoline Station, Ricemill, Agro-Eco Tourism, Livestock and Crop Production, OCCP Registered Organic Fertilizer

Area of Operation: CALABARZON, MIMAROPA, CENTRAL LUZON, BICOL Region, PANAY Island

2014 VILLARSIPAG AwardsTop 10 Most Outstanding

Community Enterprise

2013 Internationally Accredited Feed

Manufacturer

2013 LandbankGawad Pitak

Platinum Award

Feedmill Started in 1987

Savings and LoansDeposits Accepting deposits from

membersLoans Cash Loan (STL, MTL, LTL) Hog Fattening Program Hog Breeding Program Housing Loan Car Loan Program Rice Production Loan Environmental Loan Mortuary LoanInvestment Accepting investment from

OFW and other members

Livelihood project known as paiwi systemfattenersStocks, Feeds, Veterinary Services & MarketingEqual Sharing of ProfitPatronage Refund

Contract Growing

Communal Farm

Contract growing under communal setupWith capacity of 1,130 heads hog fattenersProvides members of hog pen, stocks, feeds and veterinary products & services

Poultrywith 75,000 heads of layers

30,000 capacity of broilers

Aqua Culture

Fish pond project at Jaen, Nueva Ecija and Tarlac

Organic Fertilizer Production of organic fertilizer from hog manure and chicken dung

Rice and Corn Production of Members throughAGRI TRADING And Financing

- Bicol, Mindoro,Nueva Ecija, Tarlac, Aklan

Ricemilling

Located in Oriental Mindoro

Consumer store wherein basic household needs are available including agricultural inputs

220 sacks milling capacity per day

CoopMartStarted as Sari-sari storeWith 6 branches Offer basic commoditiesPatronage Refund30 day credit line

COOP SUPERMART

Gasoline Station Batangas & Oriental Mindoro

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

SOROSORO SPRING RESORT= cable cars= zip line= biking= fishing= team building facilities= rooms for accommodation= tunnel exploration

12 New Branches & 6 upgrade

Include new products: 1.Vegetable seeds &

inputs2.Agri inputs

3. Equipments

2. Network Expansion - Local

19 S. Outlets3 Batangas

3 Cavite3 Laguna

3 Quezon7 Bicol

1 Laguna

Dito, IKAW ang may ari,Sa KITA ikaw ay kahati!

How to become an Associate member of SIDC?

• Filled out application form

• Copy of Valid ID

• Picture

• Payment of Capital Share of 2,500 AED

and 200 AED membership fee (non-refundable)

* An ID will be issued by SIDC to you with your code number. Code numbers are used to track your purchases, be sure to mention them at the counter/SIDC stores everytime you make a purchase .

What ‘s in it for you?

1. Share on the income of the cooperativeA. Interest on capital share Example:

2,500 AED Capital Sharex 4-6% interest per year (variable)*100 – 150 AED interest on Capital Share2,600 AED to 2,650 AED Total after a year

B. Patronage Refund (based on patronage)Example:

20,000 AED Purchases on Grocery Items on SIDC Baqalax 1.5-2% patronage refund rate (variable)**300-400 AED patronage refund

* Based on overall net income of the cooperative** Based on profitability of the SIDC Baqala - UAE

Member as Investor Member as Consumer

PINOYWISE MART

Family Members in the Philippines availing of Technical/ Marketing/Financial Services of SIDC

International

Dito, IKAW ang may ari,Sa KITA ikaw ay kahati!

Investment Packages

Egg layer farm business

Agro-ecotourism

Members as INVESTORS

SIDC Egg Layer Farm

•Produces 63,000 eggs daily

•Established in 2008 with a capacity of 75,000 layers

Agro-ecotourism Project

• Launched in 2012

•Provides integrated agro-

eco adventure and tourism

accommodations

Investment Options

Item Option1 Option 2

Open Project/s Layer Farm and/or

Agro-Ecotourism

Layer Farm and/or

Agro-Ecotourism

Minimum Investment PhP 5,000 AED PhP 5,000 AED

Mode One-time-payment or

installment for 1 year

One-time-payment or

installment for 1 year

Lock-in Period 5 years 5 years

Earnings:

a. Interest on Shares

b. Variable Gain or

Loss depending on

profitability of

project

•Guaranteed 6% per

annum upon completion

of minimum investment

Applicable

•Guaranteed 6% per

annum upon completion of

minimum investment

NOT Applicable

Sample Computation Option 1

Year Investment

Guaranteed Interest Rate

Interest Rate

% Variable Return

Variable Return

Investment + Interest + Variable Return

Year 1 50,000 6% 3,000 6% 3000 56,000

Year 2 56,000 6% 3,360 -2% -1120 60,480

Year 3 60,480 6% 3,629 3% 1814.4 62,294

Year 4 59,550 6% 3,573 -2% -1191 64,314

Year 5 63,123 6% 3,787 1% 631.23 66,279

Investment Interest Rate Investment + Interest

Year 1 50,000 6% 53,000

Year 2 53,000 6% 56,180

Year 3 56,180 6% 59,550

Year 4 59,550 6% 63,123

Year 5 63,123 6% 66,911

Sample computation of option 2

Investors’ Earnings:

Option 1 Layerfarm

2009 – 6% guaranteed plus 7.73% ROI2010 – 6% guaranteed2011 – 6% guaranteed plus 3% ROI2012 – 6% guaranteed2013 – 6% guaranteed

Option 2Agro-ecotourism

2013 – 6% guaranteed

1.5-2% of purchases:300-400 AEDPatronage Refund

50% to be added on Capital Share(150-200 AED)

50% to be given as Cash(150-200 AED)

Initial Capital Share2,500 AED

+ interest per year on Capital (4%-6%)*=100 to 150 AED

2,500 AED Capital Share+ Interest on Capital per year

(100 to 150 AED)+ 50% patronage refund

(150-200 AED)

2,750 to 2,850 AED after 1 Year

PINOYWISE MART

MEMBERS AS CONSUMERS

Projects for UAE members

1. Investment Mobilization Program for Agriculture

– Reintegration Plan based on a fixed or with variable profit/loss return on your investment, lock in of 5 years (Layer Farm and Eco-Tourism)

2. Access to SIDC projects in the Philippines

– Assistance in financing/technical/marketing on agri-enterprise for your relatives/families wherever there is SIDC operation

3. Baqala Stores

- Purchase of Pinoy products and grocery needs with profit sharing

The Process

1. Membership MobilizationCapital Share : 2,500 AEDMembership fee : 200 AEDTotal : 2,700 AED

x 1,000 members2,500,00 AED capital share200,000 AED membership fee

2. Establishing the Store

Cost

1. Location/Space and Staff Housing Rental 120,000 AED

2. Local Partner Payment 20,000 AED

3. Trade Name and Business Registration 170,000 AED

4. Cost of Inventory from Suppliers/Distributors 350,000 AED

5. Manpower 120,000 AED

6. Renovation 40,000 AED

6. Mobilization 30,000 AED

7. Opening 5,000 AED

8. Contingency 10% 83,500 AED

9. Total 918,500 AED

Est. Cost of Store: 918,500 AEDx 3 stores2,755,500 AED

Why SIDC?

1. Experience and Track Record

2. Proven system in terms of operating a store

3. We value transparency

4. Accountability established up to the Philippines not just here

Dito, IKAW ang may ari,Sa KITA ikaw ay kahati!

CONTACT US:

050 766 3560 SIDC UAE Contact No.056 176 4823 Minda GAMBOA (UAE based)0917 574 4292 Bon Ian dela Roca

Website: www.sidc-coop.org

E-mail: info@sidc-coop.org

bddelaroca@sidc-coop.org

Membership e-portal:

http://inspiracts.com/e-membership/login/client/sidc

The End

Thank you!