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For His Glory Multipurpose Cooperative – Annual General Assembly 2015
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
New:
To be changed by Christ and change others through us by Christ For His Glory alone.
Old:
We are a world-class Christ-centered social enterprise.
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
FHG provides ethical customer-driven financial and basic consumer products and services to transform
the socio-economic life of the investing members.
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Self-Help
Self-Responsibility
Solidarity
Social Responsibility
Equality
Equity
Honesty
Openness
Democracy
Caring for Others
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Perspective Result Key Result Area
Spiritual Spiritual Results
• See change in spiritual life of members
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Perspective Result Key Result Area
Social Social Results • Transformed economic condition of members
• Attain healthy family • Reaching others
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Perspective Result Key Result Area
Financial Financial Results
• Ensure operational efficiency
• Improve portfolio quality
• Increase membership • Ensure business
continuity
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Perspective Result Key Result Area
Customer Customers value proposition
• Mission true coop • Readily accessible
members information • Achieve member's
delight
Strategic partnership value proposition
• Best return on partner's investment
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Perspective Result Key Result Area
Internal Business
Operations Management
• Improve new business and product development process
• Ensure mutually beneficial partnerships
• Ensure delivery of services to members
Customer’s Management
• Ensure responsive delivery of services and care to members
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Perspective Result Key Result Area
Internal Business
Innovation • Develop new credit and non-credit products and businesses to improve wellness and spiritual development
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Perspective Result Key Result Area
Learning and Growth
Human Capital • Institutionalize effective performance management system
• Close skills gap
Information and Technology Capital
• Maximize usage of appropriate technology
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Perspective Result Key Result Area
Learning and Growth
Organization Capacity
• Increase brand (FHGMPC) awareness
• Step up board expertise • Promote Christ-centered
culture • Accelerate board level
governance • Effective coop
communication
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
1. Operations
A. Members/Clients
Business 2015 2016 2017
Credit - Members 800 1,050 1,300
Tours and Travel - Availments
2,000 3,000 4,500
Circuit Hub - Availments 2,400 3,600 5,400
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
1. Operations
B. Products/Services & Business
Business 2015 2016 2017
Credit • Regular Loans • Promotional
Loans • Wellness Loan
Program
• Regular Loans • Promotional
Loans • Wellness Loan
Program • Ministries/Bibli
cal Studies Loan
• Regular Loans • Promotional
Loans • Wellness Loan
Program • Ministries/Bib
lical Studies Loan
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
1. Operations
B. Products/Services & Business
Business 2015 - 2017
Tours and Travel • Ticketing • Land Tours • Domestic Tours • Educational Tours • International Packages • Transportation Rental • VISA Assistance • NSO Documentation
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
1. Operations
B. Products/Services & Business
Business 2015 - 2017
Circuit Hub • Personal Trainings • Daily/Monthly/Yearly • Company GX • CH Health Corner
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
1. Operations
C. Offices Main Office – Valenzuela City
Satellite Office – Mindanao (2017)
Satellite Office – South Luzon (2018)
Satellite Office – North Luzon (2019)
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
1. Operations
C. Target Non-Credit Clients (Family Members)
HMO – 100 to 600 persons
Dental Benefits – 100 to 600 persons
Insurance – 100 to 600 persons
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
2. Manpower Projections
Department/ Business
2014 2015 2016 2017
Total Hiring Total Hiring Total Hiring Total
Management 1 2 3 0 3 0 3
Finance & Accounting 3 0 3 0 3 0 3
Admin/HR 4 0 4 1 5 0 5
Credit & Collection 2 0 2 1 3 0 3
Tours & Travel 1 1 2 0 2 0 2
Circuit Hub 0 0 0 0 0 5 5
TOTAL 11 6 17 2 19 5 24
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
3. 2015 Activities – Php658,000.00
A. Spiritual and Social Transformation
Activities Budget
Annual Worship Night 55,000.00
Financial Literacy Bookset + CD 50,000.00
TOTAL 105,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
B. Community Development
Activities Budget
Adopt A DayCare Center 220,000.00
TOTAL 220,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
C. Health and Wellness
Activities Budget
Biggest Loser Campaign 50,000.00
TOTAL 50,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
D. Staff & Board Training and Dev’t
Activities Budget
Compliance Training 100,000.00
Executive Leadership 20,000.00
Staff Development 50,000.00
Team Building 30,000.00
TOTAL 200,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
E. Finance and Accounting
Activities Budget
Annual External Audit 20,000.00
Internal Audit Engagement 6,000.00
TOTAL 26,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
F. Information Technology
Activities Budget
Web-based Consultation 6,000.00
TOTAL 26,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
G. Research and Development
Activities Budget
Operational Manual Development 3,000.00
Exposure / Mentoring 5,000.00
TOTAL 8,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
H. Coop Events & Communication
Activities Budget
Cooperative Annual Report 3,000.00
Christmas Party 10,000.00
TOTAL 13,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
I. Coop Planning & System Review
Activities Budget
Planning and System Review 30,000.00
TOTAL 30,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
4. Staff Compensation & Benefits
Benefits Beneficiaries Amount
Uniform Subsidy All Staff 17,000
Rice Subsidy Regular Staff 156,000
Bonus/Incentive All Staff 207,000
HMO All Staff 99,000
Insurance All Staff 14,000
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
4. Staff Compensation & Benefits
Benefits Beneficiaries Amount
Communication Package
General Manager/ Supervisors
21,000
Leave Credits Adjustments
All Staff 90,000
Convertible Unused Leave Credit
Selected Staff 70,000
TOTAL 674,000
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
5. Capital Expenditure – Over All Particulars Amount
Web-based Computerized System 100,000
Server 150,000
Document Scanner 50,000
UPS 2,500
Website Enhancement & Development
50,000
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
5. Capital Expenditure – Over All
Particulars Amount
Web-based Maintenance 10,000
Anti-virus Software 5,000
CCTV 30,000
TOTAL 397,500
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
5. Capital Expenditure – Credit
Particulars Amount
Desktop Computer 40,000
MS Office 18,000
UPS 2,500
Emergency Lights 4,000
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
5. Capital Expenditure – Credit
Particulars Amount
Tables 3,500
Chairs 4,000
TOTAL 72,000
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
5. Capital Expenditure – Tours & Travel
Particulars Amount
Service Vehicle(Downpayment) 500,000
Desktop Computer 40,000
UPS 2,500
Filing Cabinet 5,000
TOTAL 547,500
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
5. Capital Expenditure – Circuit Hub
Particulars Amount
Filing Cabinet 5,000
Gym Equipments 25,000
TOTAL 30,000
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
6. Networking and Strategic Partners Credit
Institution Amount Dues/ Membership
National Confederation of Cooperatives (NATCCO)
3,500
Valenzuela Federation of Multipurpose Cooperatives (VAFEMCO)
4,000
Valenzuela City Managers Club (VCMC) 1,000.00
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
6. Networking and Strategic Partners Credit
Institution Amount Dues/ Membership
Valenzuela Cooperative Development Council (VCDC)
None
Valenzuela Cooperative Development office (VCDO)
None
Philippine Prudential Life Insurance Inc. (PPLI)
None
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
6. Networking and Strategic Partners Credit
Institution Amount Dues/ Membership
Maxicare Inc. None
Philam Life Insurance None
International Cooperatives None
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
7. Networking and Strategic Partners Tours and Travel
Institution Amount Dues/ Membership
Bulacan Associate of Travel Agencies (BATA) 2,500
Tour Operators Association of the Philippines
5,000
Department of Tourism 5,000
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
7. Networking and Strategic Partners Circuit Hub
Institution Amount Dues/ Membership
Kettlebell Association of the Philippines 5,000
Fitness 360 Club 10,000
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
2014 GENERAL
ASSEMBLY
ELECTION COMMITTEE
BOARD OF DIRECTORS
EDUCATION & MEMBERSHIP COMMITTEE
MEDIATION & CONCILIATION COMMITTEE
MANAGEMENT
SERVICE DIVISION
Credit & Collecton
FHG Tours & Travel
FHG Circuit Hub
SUPPORT SERVICES DIVISION
Finance & Accounting
Admin/HR
IT
CONSUMER DIVISION
CREDIT COMMITTEE
ETHICS COMMITTEE
Cooperative Secretary
Cooperative Treasurer
AUDIT COMMITTEE
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
2015-2020 GENERAL
ASSEMBLY
ELECTION COMMITTEE
BOARD OF DIRECTORS
EDUCATION & MEMBERSHIP COMMITTEE
MEDIATION & CONCILIATION COMMITTEE
MANAGEMENT
SERVICE DIVISION
FHG Tours & Travel
FHG Circuit Hub
Credit & Collection
SUPPORT SERVICES DIVISION
Finance & Accounting
Admin/HR
IT
CONSUMER DIVISION
FHG Organic Farming
SATELLITE OFFICE-
MINDANAO
SATELLITE OFFICE – SOUTH
LUZON
SATELLITE OFFICE – NORTH
LUZON
CREDIT COMMITTEE
ETHICS COMMITTEE
Cooperative Secretary
Cooperative Treasurer
AUDIT COMMITTEE
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Budgetary Highlights - 2015
LOANS RECEIVABLE 2015
LR, December 2014 21,389,000.00
LR, December 2015 25,356,000.00
Difference 3,967,000.00
% Difference 19%
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Budgetary Highlights - 2015
NO. OF
MEMBERS
REGULAR ASSOCIATE
Beginning 623 10
Ending 800 100
Difference 177 90
% Difference 28% 900%
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Budgetary Highlights - 2015
SHARE CAPITAL -
COMMON
2015
Beginning 19,125,100.00
Ending 21,525,100.00
Difference 2,400,000.00
% Difference 12.5%
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Budgetary Highlights - 2015
SHARE CAPITAL -
PREFERRED
2015
Beginning 23,800.00
Ending 100,000.00
Difference 76,200.00
% Difference 320%
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Budgetary Highlights - 2015 SAVINGS
DEPOSITS
2015
Beginning 1,800,000.00
Ending 4,000,000.00
Difference 2,200,000.00
% Difference 122%
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Budgetary Highlights - 2015 CASH AND CASH
EQUIVALENTS
2015
Beginning 7,748,891.00
Ending 9,748,891.00
Difference 2,000,000.00
% Difference 26%
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Budgetary Highlights - 2015 OPERATIONAL INDICATORS 2015
Operational Self-sufficiency 120%
Average Loan Disbursement per member 50,000.00
Average Share Capital per member 25,000.00
Average Savings Deposit per member 2,500.00
Savings Deposit to Asset Ratio 55%-65%
Volume of Business to Total Assets 100%
Solvency 110%
Liquidity 10%-30%
Turn-over Ratio 4x and more
Administrative Efficiency 10% and below
For His Glory Multipurpose Cooperative – Annual General Assembly 2015
Budgetary Highlights - 2015 FINANCIAL INDICATORS 2015
Total Revenues 10,400,000.00
Net Surplus 1,700,000.00
Statutory Funds 405,000.00
Interest on Share Capital 949,000.00
Patronage Refund 407,000.00
Members’ Equity to Total Asset 40%-50%
Percentage of Non-Earning Asset to Total Assets 10% and below
Receivable to Total Assets 60%-70%
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