For His Glory Multipurpose Cooperative Annual General ...forhisglorympc.com/wp-content/uploads/2015/03/Part... · Circuit Hub - Availments 2,400 3,600 5,400 . For His Glory Multipurpose

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.


FHG provides ethical customer-driven financial and basic consumer products and services to transform

the socio-economic life of the investing members.


Self-Help

Self-Responsibility

Solidarity

Social Responsibility

Equality

Equity

Honesty

Openness

Democracy

Caring for Others



Perspective Result Key Result Area

Spiritual Spiritual Results

• See change in spiritual life of members



Social Social Results • Transformed economic condition of members

• Attain healthy family • Reaching others



Financial Financial Results

• Ensure operational efficiency

• Improve portfolio quality

• Increase membership • Ensure business

continuity



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



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



Internal Business

Innovation • Develop new credit and non-credit products and businesses to improve wellness and spiritual development



Learning and Growth

Human Capital • Institutionalize effective performance management system

• Close skills gap

Information and Technology Capital

• Maximize usage of appropriate technology



Learning and Growth

Organization Capacity

• Increase brand (FHGMPC) awareness

• Step up board expertise • Promote Christ-centered

culture • Accelerate board level

governance • Effective coop

communication



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


1. Operations

B. Products/Services & Business

Business 2015 2016 2017

Credit • Regular Loans • Promotional

Loans • Wellness Loan

Program

• Regular Loans • Promotional


Program • Ministries/Bibli

cal Studies Loan

• Regular Loans • Promotional


Program • Ministries/Bib

lical Studies Loan


1. Operations


Business 2015 - 2017

Tours and Travel • Ticketing • Land Tours • Domestic Tours • Educational Tours • International Packages • Transportation Rental • VISA Assistance • NSO Documentation


1. Operations


Business 2015 - 2017

Circuit Hub • Personal Trainings • Daily/Monthly/Yearly • Company GX • CH Health Corner


1. Operations

C. Offices Main Office – Valenzuela City

Satellite Office – Mindanao (2017)

Satellite Office – South Luzon (2018)

Satellite Office – North Luzon (2019)


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


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


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


B. Community Development

Activities Budget

Adopt A DayCare Center 220,000.00

TOTAL 220,000.00


C. Health and Wellness

Activities Budget

Biggest Loser Campaign 50,000.00

TOTAL 50,000.00


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


E. Finance and Accounting

Activities Budget

Annual External Audit 20,000.00

Internal Audit Engagement 6,000.00

TOTAL 26,000.00


F. Information Technology

Activities Budget

Web-based Consultation 6,000.00

TOTAL 26,000.00


G. Research and Development

Activities Budget

Operational Manual Development 3,000.00

Exposure / Mentoring 5,000.00

TOTAL 8,000.00


H. Coop Events & Communication

Activities Budget

Cooperative Annual Report 3,000.00

Christmas Party 10,000.00

TOTAL 13,000.00


I. Coop Planning & System Review

Activities Budget

Planning and System Review 30,000.00

TOTAL 30,000.00


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


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


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


5. Capital Expenditure – Over All

Particulars Amount

Web-based Maintenance 10,000

Anti-virus Software 5,000

CCTV 30,000

TOTAL 397,500


5. Capital Expenditure – Credit

Particulars Amount

Desktop Computer 40,000

MS Office 18,000

UPS 2,500

Emergency Lights 4,000


5. Capital Expenditure – Credit

Particulars Amount

Tables 3,500

Chairs 4,000

TOTAL 72,000


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


5. Capital Expenditure – Circuit Hub

Particulars Amount

Filing Cabinet 5,000

Gym Equipments 25,000

TOTAL 30,000


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




Valenzuela Cooperative Development Council (VCDC)

None

Valenzuela Cooperative Development office (VCDO)

None

Philippine Prudential Life Insurance Inc. (PPLI)

None




Maxicare Inc. None

Philam Life Insurance None

International Cooperatives None


7. Networking and Strategic Partners Tours and Travel


Bulacan Associate of Travel Agencies (BATA) 2,500

Tour Operators Association of the Philippines

5,000

Department of Tourism 5,000


7. Networking and Strategic Partners Circuit Hub


Kettlebell Association of the Philippines 5,000

Fitness 360 Club 10,000



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


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



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%



NO. OF

MEMBERS

REGULAR ASSOCIATE

Beginning 623 10

Ending 800 100

Difference 177 90

% Difference 28% 900%



SHARE CAPITAL -

COMMON

2015

Beginning 19,125,100.00

Ending 21,525,100.00


% Difference 12.5%



SHARE CAPITAL -

PREFERRED

2015

Beginning 23,800.00

Ending 100,000.00

Difference 76,200.00

% Difference 320%


Budgetary Highlights - 2015 SAVINGS

DEPOSITS

2015

Beginning 1,800,000.00

Ending 4,000,000.00


% Difference 122%


Budgetary Highlights - 2015 CASH AND CASH

EQUIVALENTS

2015

Beginning 7,748,891.00

Ending 9,748,891.00


% Difference 26%


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


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%

Documents

For His Glory Multipurpose Cooperative Annual General ...forhisglorympc.com/wp-content/uploads/2015/03/Part... · Circuit Hub - Availments 2,400 3,600 5,400 . For His Glory Multipurpose