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       KAPATIRAN
SA
KASAGANAAS
SERVICE
&
MULTI­PURPOSE
COOPERATIVE

                                (KSK
COOP)



WHO
WE
ARE:

KsKCoop
is
an
“investment”
cooperative
conceived
by
the
OFWs
in
Hong
Kong
in
2004
and


formed
and
registered
in
the
Philippines
on
September
23,
2004



to
be
one
of
the
primary
vehicles
for
one’s
journey
to
his/her
financial
independence.




Today
(March
2010),



60%
of
our
members
are
from
Hong
Kong,


the
12%
from
the
Middle
East,


8%
from

other
countries
like

Canada,
United
Arab
Emirates,
Australia,
Bahrain,
China,

Cyprus,
England,
Ireland,
Israel,
Italy,
Japan,
South
Korea,
Kuwait,
Singapore,
Taiwan
and

Vietnam.



About
20%
actually
residing
in
the
Philippines.








                                                             

60%
in
Hong
Kong
/
20%
in
the
Philippines
/
12%
in
Kingdom
of
Saudi
Arabia

3%
in
Canda
/
2%
in
United
Arab
Emirates
/
1%
in
United
States
of
America

2%
in
other
countries:
Australia,
Bahrain,
China,
Cyprus,
England,
Ireland,
Israel,
Italy,

Japan,
Korea,
Kuwait,
Singapore,
Taiwan,
Vietnam









Spearheading
KsK
Coop,
its
Chairman,
is
Francisco
J.
Colayco.








                      



An
entrepreneur,
venture
developer,
a
wealth
management
and
financial
advisor.



Author
of
three
best‐seller
books,
Wealth
Within
Your
Reach:
Pera
Mo,
Palaguin
Mo!,
Making

Your
 Money
 Work:
 Pera
 Mo,
 Palaguin
 Mo!2,
 co‐authored
 with
 Prof.
 Helen
 Valderama
 the

workbook,
 Pera
 Palaguin
 Workbook
 and
 co‐authored
 with
 Dr.
 Nina
 Lim
 Yuson
 the
 book,

Money
 for
 Kids.
 
 He
 was
 presented
 the
 2004
 National
 Book
 Award
 by
 the
 Manila
 Critics

Circle
 in
 cooperation
 with
 the
 National
 Commission
 for
 Culture
 and
 the
 Arts
 and
 the

National
Book
Development
Board
for
his
first
book,
Wealth
Within
Your
Reach:

Pera
Mo,

Palaguin
 Mo!.
 
 In
 2006,
 Wealth
 Within
 Your
 Reach
 and
 Making
 Your
 Money
 Work,
 placed

Number
2
and
Number
3
in
the
Top
Ten
Best
Sellers
at
National
Book
Store
for
the
entire

year.



WHAT
WE
WANT
TO
DO:

It
is
taking
advantage
of
the
power
of
a
collective
whole
in:

    • acquiring
businesses
for
its
members
to
co‐own

    • providing
access
to
saving
and
investment
vehicles
for
its

       members

    • generating
programs
and
services
for
its
members’

       benefit
in
increasing
and
realizing
financial
independence

       like:

          o venture
capital
for
members

          o emergency
loan
packages

          o computer
acquisition
program

          o education
assistance
program

    • continuously
imparting
financial
literacy
to
its
members

       for
their
individual
financial
well‐being











WHAT
WE
HAVE
DONE
SO
FAR
(Benefit
to
its
members):

  1. Co­Own
a
Chowking
Franchise
(ownership
investment)

     





                              

      

          a. Set
up
a
corporate
entity,
KMP
Foods,
Inc.,
that
is
co‐owned
by
KsK
Coop

             together
with
Francisco
Colayco
and
other
individual
KsK
Coop
members.

          b. Projected
Return
of
Investment:

                  i. Conservative:
7
years
or
an
average
of

10+%
compounded
a
year

                 ii. Moderate:
5
years
or
an
average
of
14+%
compounded
a
year

                iii. Aggressive:
3
years
or
an
average
of
24%
compounded
a
year

          c. Benefit
to:

                  i. To
KsK
Coop

                          1. Contribution
to
Gross
Income
of
KsK
Coop
since
KsK
Coop
is

                             part‐owner
of
KMP
Foods,
Inc.
which
owns
the
franchise
of

                             Chowking
in
One
Mango
Avenue,
Cebu
City

                 ii. To
Individual
Member

                          1. Can
directly
participate
as
part‐owner
of
KMP
Foods,
Inc.

                             aside
from
being
a
member
of
KsK
Coop;
thus
earnings
or

                             dividends
if
ever
of
KMP
Foods,
Inc.
benefit
its
direct

                             participants
of
co‐ownership
of
KMP
Foods,
Inc.

                             There
are
80
plus
individual
KsK
Coop
Members
who
have

                             directly
participated
and
contributed
PhP8M
of
the
PhP16M

                             capitalization
needed
by
KMP
Foods‐Chowking
Project

                          2. Potential
source
of
employment
for
qualified
KsK
Coop

                             individual
members
or
their
family
members.

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

       

    2. Co­Own
a
Rural
Bank
(ownership
investment)

       





                                                                            

       

       

           a. Currently
co‐owns
40%
of
Rural
Bank
of
Cavite
City‐RBCC

                              Another
20%
of
RBCC
will
be
open
to
KsK
Coop
members

           b. Projected
Return
of
Investment:

                   i. Conservative:
12
years
or
an
average
of
6%
compounded
a
year

                  ii. Moderate:
10
years
or
an
average
of
7.2%
compounded
a
year

                 iii. Aggressive:
5
years
or
an
average
of
14+%
compounded
a
year

           c. Benefit
to:

                   i. To
KsK
Coop

                           1. Contribution
to
Gross
Income
of
KsK
Coop

                              

                  ii. To
Individual
KsK
Coop
Member

                           1. Can
directly
participate
as
part‐owner
of
RBCC
aside
from

                              being
a
member
of
KsK
Coop;
thus
earning
or
dividends
if

                              ever
for
RBCC
owners
benefit
also
its
direct
participants
of

                              co‐ownership
of
RBCC.

                              Pledges
will
be
accepted
starting
June
2010.

                              Actual
placements
of
direct
participants
by
September

                              2010.

                           2. Banking
products
and
services
available
to
possible

                              “preferred”
bank
clients
–
KsK
Coop
individual
members.


                              These
bank
products
and
services
maybe
but
not
limited
to:

                                  a. Deposit
Products

                                           i. Savings
(better
than
market
rates)

                                          ii. Time
Deposit
(better
than
market
rates)

                                         iii. Special
Deposit
Accounts
for
“preferred”

                                              clients

                                  b. Investment
Products
(under
development)

                                  c. Loan
Facility

                                           i. Comercial/Business
Loans

                                          ii. Consumer
Loans‐car,
housing,
etc

                                  d. Bayad
Center
Facility
–
bills
payment

                           3. Potential
source
of
employment
for
qualified
KsK
Coop

                              individual
members
of
their
family
members.

       

       

       

       



    3. Distribute
Dividends

           a. Has
given
dividends
equal
to
25%
the
past
5
years

           b. Note:
no
dividends
for
2008
&
2009.

       

    4. Given
Education
Assistance
(Reward)

          a. Gave
PhP5,000
education
assistance
to
beneficiaries
of
KsK
Coop
members

              who
have
performed
well
during
the
schoolyear.

          b. Application
open
every
year;
for
school
year
ended
2009‐2010
and

              assistance
to
be
given
for
SY
2010‐2011
still
open.

       

    5. Provide
facility
for
member­computer
acquisition

       





                            

       

           a. Has
assisted
five
members
recently
acquire
ASUS
mini‐notebook
computers

           b. Monthly
amortization
of
HK$310
a
month
for
twelve
months.

       

    6. Create
facility
for
KsK
Coop
members
to
invest
in
“sachet”
in
capital
market

          a. Engaged
FirstMetro
Asset
Management
Inc.‐FAMI
to
create
facility
to

              directly
invest
in
mutual
funds‐capital
market
of
individual
KsK
Coop

              members.

       




                                                                                 





                                              

           b. Note:
FAMI,
subsidiary
of
Metrobank
Group;
one
of
the
most
awarded
and

              consistent
top
performing
mutual
fund
in
the
Philippines.

50+%
growth
for

              2009.

           c. Sachet
investments
available
for
individual
KsK
Coop
members
at:

                  i. PhP300
a
month
or
PhP500
a
month
or
PhP1,000
a
month

                 ii. Participation
period
of:
12
months
/
24
months
/
36
months

       

    7. Conduct
regular
financial
literacy
seminars

          a. Starting
2010;
conducted
monthly
financial
literacy
seminars.

          b. Next
schedule:
April
24
and
May
29.

          c. Together
with
the
financial
literacy
seminar
is
a
KsK
Coop
Pre‐Membership

             Orientation.







KSK
COOP
QUICK
STATS:







                                                     

NEW
MEMBERS
YEAR‐ON‐YEAR:

79
members
have
made
full
withdrawals

45
members

have
made
partial
withdrawals

On
paper,
most
if
not
all,
withdrawals
were
due
to
personal
and
emergency

reasons/situations.







                                                     

CAPITAL
CONTRIBUTION
YEAR‐ON‐YEAR

2004‐2005
      =
PhP21,899,144.74

2006
 
         =
PhP

5,075,134.41

2007
 
         =
PhP10,864,163.01

2008
 
         =
PhP

6,863,960.24

2009
 
         =
PhP

3,177,773.62

Capital
Contribution
is
the
atual
money
that
came
from
the
“pockets”
of
the
members.

Total
Capital
Contribution
as
of
End
2009
=
PhP47,880,176.00



FINANCIAL
HISTORY:

PhP47.8M
       Total
Capital
Contribution

PhP

6.9M
      Less
Cash
Withdrawals:
Capital
&
Dividends

PhP40.9M
       Net
Cash
Contribution
from
Members

PhP14.5M
       Less
Operating
Expenses
from
2004‐2009

PhP26.4M
       Net
Cash
After
Expenses

PhP21.1M
       Plus
Gross
Income/Revenue

PhP47.5M
       Gross
Resources
Available




								
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