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Economic Survey Sample

welcome By: Elena Grace Flores
ECONOMIC SURVEY for Casimiro Village Phase 3 Multipurpose Cooperative


a.    Proposed Name: Casimiro Village Phase 3 Multi-Purpose Cooperative (CV3MC)
b.    Type of Cooperative: Multi-purpose Cooperative
c.    Field of Membership: Residential/members are residing or working in Casimiro Village Phase 3
d.    Address of Cooperative: Block 1, Lot 10, Macopa St., Casimiro Village Phase 3, BF International, Las Pinas City
e.    No. of Original Member: 20 Cooperators
f.    Projected Increase in Membership for the:

1st Year : Additional 10 members
2nd Year: Additional 10 members
3rd Year: Additional 20 members


A.    General Purpose:
1.    Generate funding to invest in service facilities for the members’ quality of life
2.    Manage these service facilities to sustain the upgraded lifestyle of the village

B.    Secondary Purposes:
1.    Offer a credit facility to Casimiro Village Phase 3 Homeowners through CV3 Homeowners Association to fund future special projects that would allow progressive living to the community especially those who are financially burdened.
2.    Coordinate with the government for joint projects that would provide or promote safety, good health, security and prosperity to the general community

C.    Proposed Business Activities (State goods/products/services to be offered by the proposed cooperative:
1.    Generation of Funds
2.    Pay Parking Facilities
3.    Improve Basket Ball Court or construct a Covered Court for sports and other activities
4.    Club House Facility and Amenities (party, seminar or meeting venues)


a.    Are there any other entities (such as cooperatives) within your proposed area that offer the same goods/services offered by your proposed cooperative?  If so, state how many and what is the total volume of business they generate.

There’s no other cooperative in the village or nearby that is helping CV3. There’s shortage in the pay parking areas in the community that creates friction among neighbors. There’s no such facility yet that ever existed inside the village aside from the one reserved for. Most drivers just park at public places at first come first served basis which is also causing an eye sore to the community. Repair of public areas like roads and walls were funded by some of the homeowners because others can’t afford or not willing. Therefore the need to make investments for this purpose so that all homeowners can benefit from the public facilities and the contributors will not be forever burdened.

b.    How many employees and where will the cooperative get the personnel required to administer business operation of the cooperative
The General Manager, treasurer and secretary will render voluntary services without compensation. 2 parking/collection staff are needed in a shifting basis for one parking facility – unemployed or out of school youth above the age of 21 in nearby CAA community can fill in these posts

c.    What machineries/equipment will be required for the business operation of the cooperative?

1.    CCTV for Security

d.    Do the officers/employees/members need any special training for the business operations of the cooperative? If so, what?
1. Customer Service Training

2. Understanding the Cooperative System Training

e.     Given the present situation in your proposed area, explain how the proposed cooperative will succeed in its operations.
The great need for the planned facilities is already there. The existence of the cooperative that will be funding and managing these projects will be more efficient when its legally recognized. Investments can be officially recorded and credited to worthy investors in due time thus protecting the interests of both officers and contributors.


a.    Where and how will the cooperative obtain its operating capital?  State whether contributions/loans/donations/grants.
Capital will be contributed by the members but a developer who is also a member will initially fund the major construction plans on a revenue – sharing basis. Capital is mainly from contributions.
b.    How much may the cooperative earn during the first year of business operation? Projected gross revenue is 30,000 Pesos per month. Operational expenses will be at 15,000 Pesos per month. 30% of the projected 15,000 Pesos net revenue per month:  22,500 Pesos for the first year (5 months only until Dec 2014). The 70% of the net revenue will be returned to the financer.
c.    In its second Year? 54,000 Pesos
d.    Third Year? 108,000 Pesos (doubled ifor the 2 phases of parking facilities)
e.    How much will the Cooperative require for its operating expenses in the First Year?
First Year?    _______15,000 Pesos per month X   5 =     Php 75000
Second Year?    _______15,000 Pesos per month X 12 =     Php 180,000
Third Year?    _______20,000 Pesos per month X 12 =     Php 240,000
f.    Does the Cooperative intend to have capital investment?  If so, state what capital investments and when such will be realized.

Capital investment will be needed for the 2nd phase of the pay parking facility. The cooperative will come up with 200,000 Pesos worth of investment for the bigger pay parking facility near the Club House area. This will be contributed by the members with some financial assistance from the member-developer.


a.    Who will be designated to manage the day-to-day operations of the Cooperative?
The General Manager will be on top of the day to day management operations of the Cooperative together with the Treasurer and Secretary.
b.    Will the members be required to deposit their services with the cooperative?
No but they are required to attend meetings, vote for future directions and participate in community activities.
c.    How many persons will comprise the Board of Directors of the Cooperative?
5 active directors and total of 20 cooperators
d.    What will be the role of the Board of Directors?
Conceptualize policies and evaluate their implementation.
e.    Will the cooperative have an Audit Committee?    __ YES
f.    Will the Cooperative have a Credit Committee?    __ YES
g.    Will the Cooperative hire an Accountant/Bookkeeper?__ NO, a relative of a member who is an accountant volunteered to do it without cost
•    Name of Accountant/ Bookkeeper
Epitacia A. Alvarez
h.    What will be the proposed compensation of the following?

(1)  Manager        ____ Volunteer work with no compensation
(2)  Accountant    ____ Volunteer work with no compensation
(3)  Clerks        ____ The Treasurer and Secretary will handle clerical works
with no compensation
(4)  Others        ____ Transport, meals and miscellaneous expenses on official business will be reimbursed by the cooperative.

SUBMITTED BY:  Elena Grace Flores
POSITION:         Secretary

Remember that this is only a guideline; you may add, revise or omit items that are not applicable to your proposed cooperative.  The CDA reserve the right to conduct an investigation into the proposed operations of the Cooperative.  There is no need to submit project Financial Statements and Cash flow for three years.

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Shocking Internet Bill

welcome By: Elena Grace Flores
People make mistakes so do machines. Just recently after terminating my defective Tattoo stick from globe in favor of a newer and apparently better internet Huawei system, I had the shock of my life from the internet provider when I was billed 3,600 instead of he expect 1,299 Pesos like the previous one as applied based on my budget. I immediately called my daughter to call Globe and she complained. At the end, it was explained that the FREE Modem was charged and the correct amount due is only 201 Pesos. I thought that was good!

Assuming that the bill was already adjusted, I only expected to pay 1,299 Pesos for my second bill. I was again shocked to be informed by our house helper that my internet bill under my daughter’s name amounted to 4,599 Pesos if I’m not mistaken I was in my sister’s house during the call). I thought that was too much but waited for my daughter to call Globe. I’m sure it was the wrong charge for the FREE modem again. Not until my connection was disabled for 5 hours that I decided to call Globe directly.

Eventually, the FREE modem that was mistakenly charged in the first bill now became an overdue amount in the second bill, thus prompted the temporary disconnection. You can only imagine how furious I was but I kept my cool and tried to understand Globe’s internal system thinking that this can be a good article in my blog. Sure enough, I learned more things like – my daughter can actually authorize me by calling the Customer Service agent that verification by her is not anymore needed when I need assistance. The very helpful CS agent Beth gave me a Reference number that my daughter can use to fast track the verification process. It was a relief knowing that I’ll get reconnected after 2 hours.

Beth channeled me to Hillary in the Re-connection Department for the confirmation of the said case – but it was sad to know that their standard protocol is 24 hours before I get reconnected. Verification by the Credit Department has to be processed first before I can get back my connection. This should not take that long but Hillary assured me that it can be reconnected in 2 hours or so and not longer than 24 hours. I said that’s good enough. Even if I lost a day’s work today, I won’t get bankrupt anyway – and it always feels good to be kind and friendly to others! And Oh, I was told that my actual due is only 999 instead of the 1,2999 Pesos that I expected. Quite good savings in a monthly basis, I thought! I felt a lot better already. See – better be good now and don’t worry about the 3rd bill or else the Credit Department of Globe will get a blow! It got me thinking again. Shall I get HOME PHONE INTERNET BUNDLE plan instead?

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