The Birth of the News Brief

The Birth of the News Brief

 Dir. Pablo Hilario – BMPC 1^st Vice Chairperson

Buhay ron dya nga ginpanamkon ang pagkatawo kang Coop Newsletter. Si Sir Rene Barrientos isara sa mga katapo kang BMPC Board ang naghandum nga ang Coop may Newsletter and Flyers. Unfortunately ang arang handum wara natabo because at age of 43 he went away leaving behind the great idea.

The birth of the NEWS BRIEF is triggered by the misunderstood Emergency Fund which included Damayan as one of the Features of the Program. When I returned from a two months’ vacation leave at California I felt sad upon knowledge that the Emergency Fund policy was not correctly implemented in accordance with its conceptual framework. As the author of the policy I went around monitoring and explaining the correct implementation and aim delighted that the staff clearly understand and are now on the right track in the implementation. Ang pamangkutanon nga nagatublag kang akon paminsaron kadya “Kamusta tana bay ang mga miembro kang Cooperatiba?” Duro nga mag miembro ang nagreklamo nga nagakuon lima ron ka gatos (P500.00) ang Damayan pira bay ang kara ang batunon kang amon pamilya kon kami mapatay?

One way to reach out to the members to clear out the issues on DAMAYAN is to write and print a news brief and hence the BMPC NEWS BRIEF is born. The NEWS BRIEF is the coop’s instrument in reaching out the members updating information about the coop progress and serves as a clearing house on current coop policies which greatly affect the membership. Puwede ron makasulat ang mga miembro kang andang pamangkot parte sa Emergency Fund, College Scholarship, kag Educational Incentives para sa high school students. Isulat lang address kay Sir Pabs – Godfather kang mga nasambit nga mga programa. 

Ano Ang Emergency Fund (EF) Nga May New Damayan?

1.                 Ang Emegency Fund (EF) sangka Savings Deposit dya kang miembro nga ginatigana sa emergency parehas kang : medical – purchase of medicines, bayad sa doctor, hospital; accidents – may naaksidente sa pamilya kang miembro kag gusto magpabulong; disability – indi ron katrabaho kay nabari butkon pero gusto nya pa magkaon pero warat Barakal ka pagkaon; Philhealth – miembro ka Philhealth kag may bulanan nga baraydanan; Death Aid (Damayan) – amot sa napatay nga miembro ka Damayan nga P5.00 kada patay, kagiba pa nga ginakabig ka miembro nga Emergency.

2.                 Diin mahalin EF Savings Deposit? Kon bag-o ikaw nga miembro nga nag-apply ka loan. Sa 5% ka loan Retention 1,5% maagto sa EF. Pananglit ang miembro nag-loan ka P20,000.00 ang 1.5% kadya nga P300.00 maagto sa EF kag 3.5% okon P700.00 maagto sa Capital Share.

        Kon buhay ron nga miembro sa coop nga ang Capital Share labaw ron sa P15,000.00 sa 5% Loan Retention 2% maagto sa Capital Share kag 1.5% maagto sa Regular Savings kag 1.5% maagto sa EF.

        Example: Total loan P20,000.00 ang 2% nga balor P400.00 maagto sa Capital Share; P300.00 maagto sa Regular Savings kag P300.00 maagto sa EF.

           Kon buhay ron tana nga miembro sa Coop tunga kang Dividend kag Patronage Refund  maagto sa EF.  Pananglit may P1,000.00 nga Dividend and Patronage refund P500.00 maagto sa EF.

3.                      Pananglit may sulod ron nga deposit ang imo EF Passbook nga balor P2,000.00 kag may problema kaw nga emergency puwede mo dya mawithdrahan ang EF Savings Deposit nimo provided pabilinan mo ka P500.00 nga maintaining balance para nga may may mapatay nga miembro ka Damayan may bulan ikaw ka P5.00 nga amot sa kada mapatay.

4. 

                         Halimbawa kon malyag ron ikaw mapatay kadya pira and batunon ka imo pamilya? Kang petsa 20 ka Hulyo ang kabilugan nga miembro nga may EF nga nag-intra sa Damayan mag 5,800. Si Mr. Amado Andico hay gadali man tugruan ka Damayan anang pamilya nag-una tana kanaton. Ang 5,800 ka miembro matugro ka tag P5.00 mangin P29,000.00 dugang ang Corporate Death Aid nga P5,000.00 ang batunon ka anang pamilya is P34,000.00

Dugang nga Impormasyon:

·                        Halimbawa P500.00 ang imo gindeposit sa EF kag 40 ang nagkamatay una kanimo ang buhin sa imo P500.00 ay P200.00 ti may bilin pa ikaw nga P300.00 kon ikaw mapatay maagto dya sa imo pamilya.

·                       Ang Coop ma-issue ka EF Passbook agud imo maman-an kon pira ang mabuhin kang EF Deposit. Rapit lamang maubos ang P500.00 kinahanglan depositohan, kay kon indi pagdeposituhan kag ikaw mapatay sa tapos kang grace period nga 30 Days wara ti Damayan Benefit ang imo pamilya.

·                        Kada tuig bala ikaw madeposit ka P500.00 Indi ikaw kinahanglan magdeposito kada tuig kay hasta san-o nga may sulod ang imo EF padayon ang imo membership sa Damayan.

·         Halimbawa wara timo pagloan kag wara man ikaw Dividend and Patronage ti deposit kaw kang sa imo EF with a maintaining balance od P500.00

See you Next Issue.     Sir Pabs.

 

FOR THE GOLD

BUGASONG MPC: COOP NEWS LETTER

The longing to provide and deliver efficient service to each and every member of Bugasong Multi Purpose Cooperative. The BMPC Management wishes to establish and create A News Letter. This is to show transparency and provide information as to where the Cooperative has gone through every month.

The News Letter will give access to the members of how and what are  the new development, if there are progress with the continued effort of the management to deliver the best services as possible. These will somehow provide knowledge and awaken the minds of every member to stand strong as the Cooperative planned to move forward every step of the way going to its 50 years of cooperation.

The News Letter will soon be published and will be available for every member.

GOING WITH THE TECH WORLD

Bugasong Multi Purpose Cooperative

 presents 

                                                                                                                

 

 in Cooperation with 

Victo National, Ruralnet Inc. and Globe Gcash.

Coopnet aims to provide better, improved and various services that will make BMPC achieve its high goals of delivering the best for each and every member.

NOW!

Co-ops connecting for a bright future!

BMPC will transform into:

     * e-ticketing center

* Loading Center

       * Remittance Center

* e-Business Hub

for Government & Private

Services

Products & Services

(up and running)

e-Ticketing Payment Center:

e-Loading Center:

e-Payment and Collection Center:

Bugasong Multi Purpose Cooperative BOD and Management during the Orientation and Seminar regarding Coopnet Operation.

BUGASONG MPC PROGRAMS AND SERVICES

A. DEPOSITS

         1. Fixed Deposits / Capital Share – A fixed investment in the coop with a minimum requirement of 10 shares or an equivalent of Php500.00 upon membership. It earns dividend every year.
          2. Member Support Fund / Savings Deposits – Refers to deposits which can be withdrawn any time but with a minimum daily balance of Php250.00. Earns an interest of 3% per annum posted quarterly when deposits reached to Php1000.00 or more.

          3. Members Investment Fund / Time Deposits – Refers to deposits that are withdrawable upon maturity of not less than one month. The following are the rate of deposits:

                           Amount                                                               Interest Rate
                Php 2, 500.00 – 199,999.99                                                    5%
                    200,000.00 – 499,999.99                                                     6%
                    500,000.00 – 999,999.99                                                     7%
                        1 million and up                                                             9%

 B. LENDING / LOANS

Gets the biggest pie of the financial revenue of Bugasong MPC. Diversified loans are granted to qualified borrower to meet their social, economic and investment needs. Capacity-based principle is strictly observed in granting loans. The 5Cs of the applicants:

1. Character
2. Capacity to Pay
3. Capital (CS/FD)
4. Collateral / Security
5. Condition (loan period/mode of payment/interest rate/security-insurance/collateral)

      TYPE OF LOANS

1. REGULAR LOAN

               a. Productive and Providential Loan – Designed to meet member’s need for goods and services which must be amortized monthly.
               b. Instant Loan – Secured by 100% of share capital at 1% monthly rate and released by express lane.
               c. Micro-Enterprise Loan – Granted to regular members with no loan balance except special loan. Applicants must show proof that they are personally engaged in micro-enterprise like sari-sari store, bakeshop, tailoring, buy & sell, etc. Loan term must not exceed 24 months and maybe paid weekly semi-monthly, or monthly. Service fee is 1.5% with monthly rate of 2%.
                d. Business Loan – Granted to regular members who are engage in business to generate additional earnings. Loan amortizations be paid out on business profit.
      2. SPECIAL LOAN – Extended to regular members in Good Standing for emergency purposes. Loan ceiling is up to 100% of capital share after one (1) year of being a regular member and a loan term of not more than four (4) months.
      3. AGRICULTURAL LOAN – Granted to qualified member intended to finance agricultural related production projects with a production cycle not to exceed one (1) year to be paid in lump sum or amortized monthly.
      4. SALARY LOAN – Extended to permanent salaried employee whose employer signed a MOA with the COOP for automatic salary deduction particularly a solidarity group of at least 5 members. Individual applicants are granted with ATM security for automatic deduction by the COOP. Interest rate is 1% monthly straight.
      5. HONORARIUM LOAN – Extended to members who are barangay official regularly receiving monthly honoraria and certified by Barangay Captain and LGOO of the Municipality. Loan amount is determined by the CRECOM/LOAN Officer.
      6. BONUS LOAN – Granted to regular government and private employees. Loan note must be signed by the Head of Office / Disbursing Officer with SPA to hold check / cash from the Disbursing Officer. Loan must be covered by insurance for security.
      7. JEWELRY/CELLPHONE LOAN – Special loan window for short-term (1 year) loan using jewelry, cellphone, and other belongings as collateral.

C. INCENTIVES

 
EDUCATIONAL INCENTIVES
This program is designed to extend financial assistance to legitimate son and daughters of MIGS parents with membership tenure of not less than one (1) year. It is intended to inspire student – recipients to strive for academic excellence and promote a drug – free, and alcohol-free community.

• The program is open to 1^st yr. to 5^th yr. students of NBNHS, NBNHS Annex, SBNHS, AVS, and SJA. Recipients must have a grade rating not below 80% in any subject from 1^st to 4^th grading and without failing grades in any subject.
• Student-grantees must provide a certification issued by the school principal showing that he/she is of good moral character, non-drug user, non-smoker, and non-alcohol user.
• At the end of the 4^th grading period the top three (3) grantees of AVS and the top two (2) for the rest of the schools will be awarded during the closing program of their schools to be given by the Coop Manager and/or representative of the Board.

SCHOLARSHIP GRANT (CSEFA)
College Students Educational Financial Assistance (CSEFA) is designed to enable students of MIGS members to attain a college degree whose parents are financially incapable. The degree program is a Coop Investment on the Intellectual Development of the less privileged students on their desire to attain the quality of life that education can provide relevant to the primary goals of the Coop.

• CSEFA is open to High School graduates who fall on the Top 10 of the Graduating Class and who have no grades below 80% in any subject during the time of graduation within the Municipality of Bugasong.
• Applicants are required to submit Form 137, Police Clearance, Tax Declaration of Real Property, Certificate as to Non-filing of Income Tax Return, and Certification by the School Principal that the applicant fall on the top 10 of the graduating class.
• A financial package of P15, 000.00 per semester or P30, 000.00 per year will be provided to each student at the end of the semester.
• At the end of every semester each student – recipient must pass a Report on Ratings duly signed by the School Registrar as one of the basis for the release and the continuation or termination of the financial assistance. Students with a grade below 80% at the end of every semester will be placed on a probationary status until their grades have improved.
• Coop Scholars will be hired on student labor every summer or Christmas vacation on honorarium basis. After finishing a degree, graduates will be given first priority for hiring by the Coop.

D. OTHER SERVICES

1. DAMAYAN – Mutual death aid in the amount of Php20, 000.00 extended to the beneficiaries of the deceased DAMAYAN members.
2. CISP-BPP – Yearly renewable life insurance extended to coop members who are 18-65 years old with a premium of Php55.35 and a benefit of Php5, 000.00 for every death.
3. CLIMBS – Life and non-life insurance for interested members renewable every year.
4. CABLE TV / INTERNET – Can be availed upon payment of installation fee and security deposit as well as membership fee for those who are not members of the regular window.
5. FONUS – An inexpensive yet quality service extended to the bereaved family of every member or non-members who would like to avail such service. Its uniqueness to other funeral parlour is that, it does serve its clientele with a heart.
6. POS MACHINE (ATM WITHDRAWALS) – Extended by the coop to serve its members who have atm. Amount charged for every withdrawal or swipe is Php20.00 with a maximum amount of Php20,000.00
7. SEAOIL – Seaoil Services at a discounted price plus dividend and patronage refund for members.
8. COOPNET – Provides other payment services like money transfer (Coopadala) through GCash Remit, COOPLOAD (Loading Station), PAL Ticket Booking/Reservations, and Processing of Government Certificates like NSO Birth Certificate, Marriage Contract, and etc.

E. MEMBERSHIP

MEBERSHIP REQUIREMENTS

1. REGULAR MEMBER

• Filipino Citizen, 18 years and above, with the capacity to contract
• Attended PMES (regular schedule is every 1^st and 3^rd Sunday of the Month – Main Office at 1:00 p.m. San Jose and Tigbuaun Satellite Office every 4^th Saturday of the Month at 9:00 .am.)
• Fees:     Php100.00           - Membership Fee

                       Php500.00           - Minimum Capital Share
                       Php250.00           - Minimum Initial Savings Deposits
                       Php200.00           - Damayan
                       Php 20.00            - Documentation Fee
                  ______________________________________
                       Php1, 070.00       - TOTAL

• Duly accomplished membership application form

1. ASSOCIATE MEMBER

• Open to associations, institutions, minors with parental or guardian consent
• Accomplished application to open SAVINGS or TIME DEPOSIT account
• Membership Fee of Php100.00
• For Cable TV Subscribers:

            - Accomplished application for membership and pay Php50.00 membership fee.

MIGS (Member in Good Standing) REQUIREMENTS:

• Regular member for at least 1 year
• Posted Capital Share of at least Php20.00/month or lump sum of Php240.00/year
• Maintained savings deposits of at least Php1,000.00
• Attended General Assembly or Ownership meeting
• Has not incurred a default of 3 consecutive amortization
• Patronize the business/services of the coop
• Complied with the duties/obligation of membership
• Updated Damayan

MEMBERSHIP CATEGORIES:

1. DIAMOND

• Minimum of 5 years as regular member
• Minimum of Php150,000.00 total investment (Php75,000.00 capital share and Php10,000.00 savings deposits)
• No default on loans for the last 5 years
• At least Php100.00 monthly deposits on capital share
• Qualified to loan up to Php200,000.00 without co-maker/collateral if covered by insurance or 100% of total investment
• Approval and release of loan at management level
• Free Damayan

1. GOLD

• Minimum of 4 years as regular member
• Minimum of Php100,000.00 total investment (Php50,000.00 capital share and Php5,000.00 savings deposits)
• No default on loans for the last 4 years
• Php50.00 monthly deposit on capital share
• Damayan member
• Patronize coop business for the last 4 years
• Qualified to loan up to Php200,000.00 without co-maker/collateral if covered by insurance
• Approval and release of loan at management level

1. SILVER

• Minimum of 3 years as regular member
• Minimum of Php50,000.00 total coop investment (Php25,000.00 capital share and Php3,000.00 saving deposits)
• Deposit regularly on capital share of at least Php30.00 monthly
• Not defaulted for the preceding year
• With co-maker 50% of the loan over capital share
• Release loan via express lane at management level
• Damayan member