ECONOMIC SURVEY

OF
Naruangan Farmers Agriculture Cooperative

BACKGROUND ;

The main source of income of the people of Naruangan, Tuao, Cagayan is

agriculture hence suited for rice, corn, vegetables, and livelihood marketing
and small businesses (rolling market).

RATIONALE ;

Three-fourths (3/4) of the residents are farmers. We could easily cater

the surrounding barangays.

I. GENERAL INFORMATION

A. Type of Cooperative:

____Credit ____Producer ____Service ____Consumer ____Marketing

____MPC ____Advocacy ____ARC ____Coop Bank ____Dairy
____Education____Electric ____FSC ____Fishermen ____Health Service

____Insurance ____Transport ____Water ____Workers

 Others: Farming and Livelihood

B. Office Address of Cooperative: Purok 04, Naruangan, Tuao East, Cagayn

(No., Street, Bgy., Town/City, Province)

C. Area of Operation:
 Barangay ____Municipality ____Provincial
____Regional ____National

D. Common Bond of Membership:

 Residential ____Institutional ____Occupational ____Associational

 E. Composition of Members:
 Farmers ____Indigenous Community ____Institutional
____Fisherfolks ____Disabled ____ Women
____ARB’s ____Rebel Returnees ____OFW’s
____Workers
 Others: Agricultural

F. No. of Founding/ Organizing Members: Twenty-four (24) officers & members

G. Projected Increase of Membership: To be submitted by and by

H. Authorized Capital: Php 240,000.00

Paid-up Capital: Php 19,200.00
Subscribed Capital: Php 72,000.00

Par Value: Php 100.00

I. Is the cooperative previously registered with?:

____SEC ____DOLE
____Others:
*To be registered

II. STRATEGIC OPERATIONAL STUDIES

A. Economic Aspect

1. Are there any other existing cooperative/s within your proposed area of
operation that provide the same goods/services which the cooperative plans to
offer? If yes, please state the name/s of such cooperative/s: None

2. What strategies the cooperative shall implement to ensure the support of

the members?

____Collective purchases
____Commitment on lending policies
 Active participation in cooperative affairs
____Others:

3. Are you intending to transact business with

____ Members only

 Members and non-members
4. What business activities the cooperative plans to undertake during the first
three years of its operation:

First Year : To facilitate procurement of farm inputs; processing and marketing

of member’s products.

Second Year : Culturing mushrooms, vermi organic fertilizers; facilitate

procurement of farm inputs; processing/marketing of member’s products.

Third Year : Financing farm inputs to the members of the cooperative;

culturing mushrooms and other vegetables, vermi organic fertilizers.

B. Financial Aspect

1. Capitalization

a. In pursuing its economic activities how shall the cooperative generate its
capital?
 Share Capital Subscription
____Deferred payment of patronage refund/interest on share capital
____Aquisition of Loans/ Borrowings
____Fund Raising Activities

b. How much is the Cooperative’s initial operating capital? Seventy-two

Thousand Pesos (Php72,000.00)

c. Strategies for internal capital build-up: To encourage people to become

members.

2. Revenue Projected revenue based on the initial operating capital.

First Year : Php 19,000.00

Second Year : Php 26,400.00
Third Year : Php 28,200.00

3. Expenditure

How much is the estimated expenses, for:

First Year : Php 25,000.00

Second Year : Php 35,000.00
 Third Year : Php32,000.00

4. Investments
Does the cooperative intend to invest in the following?
 Cooperative Bank ____Mutual
____Federation ____Insurance
____Joint Ventures ____Others: Investment

C. Technical Aspect

1. What equipment/machineries/facilities are deemed necessary for the

effective and efficient operation of the Cooperative? (please check)

 Typewriter
 Computer
 Tables
 Farm Equipments
 Calculator
 Medical Instrument
 Warehouse
 Milling
 Chairs
 Post Harvest Equipment
 Vault/Safe
 Solar Dyer
 Filing Cabinet

2. How would the cooperative procure its equipment/machineries/facilities?

____Cash purchase Other mode/s: Donation
 Loans
____Donations

3. What skills/experiences/trainings are deemed necessary for the operation of

its equipment/machineries/facilities? Seminars and Training Programs.

D. Organizational Structure

1. What qualifications/skills the Board of Directors should possess to enable

them to formulate sound policies, strategies and guidelines which would
ensure the success of the Cooperative?

EDUCATION AND EXPERIENCES

2. For its initial operations, who among the following officers/employees should
be hired by the Cooperative.

MINIMUM
STATUS OF MONTH
POSITION NAME EDUCATION
APPOINTME LY
EXPERIENCE/TRA
NT COMPE
INING NSATIO
N
Manager College Graduate/
FREDERICK Volunteer N/A
Security Guard for
ESCALONA
more than 5 years
Accounta Volunteer College Graduate N/A
GIGI TAGALAN
nt
Bookkeep Volunteer College Graduate N/A
Agustin Tejada
er
Cashier Leticia Bauit Volunteer College Graduate N/A
Collector Norma Bauit Volunteer College Graduate N/A
Sales Volunteer College Graduate N/A
Vilma de Leon
Clerk
Others

3. What are the Cooperative’s education programs for:

a) Members: TRAININGS AND SEMINARS

b) Officers: TRAININGS AND SEMINARS
c) Staff : TRAININGS AND SEMINARS

4. Who are the Chairmen and members of the following committees?

a) Audit: ELSA GARMA
CECILIA JIMENEZ

b) Credit : ROSHEL ESCALONA

VILMA DE LEON

c) Election: JEVIS JABALDE

MARY ANN REJUSO

d) Education & Training : TERESITA TAGALAN

e) Mediation/Conciliation: MARCELINA GARMA

f) Other (Specify): GENDER AND DEVELOPMENT (GAD) Committee:
RACHYFELER GARMA
MARIO BAUIT
FRANCISCO BAUIT

We, the Founding Board of Directors, hereby certify that the foregoing
Economic Survey was prepared in accordance with the facts, information and
other data we believed vital to the success of the initial operations of the
Cooperative.

RICHARD B. GARMA TERESITA M. TAGALAN

Chairman BOD Member

MARIO E. BAUIT
BOD Member

RACHYFELER B. GARMA FRANCISCO E. BAUIT

BOD Member BOD Member

Subscribed and sworn to before me this _______ day of _________, 201___

in _______________, Philippines above affiants exhibiting to me their valid proof
of identity:

Names Proof of Valid Identity Office & Place of Issue

Names Proof of Valid Identity Office and Place of Issue

RICHARD B. GARMA 294-583-187-000 TUGUEGARAO CITY,
CAGAYAN
TERESITA M. TAGALAN 04922 TUAO, CAGAYAN
MARIO E. BAUIT C2467MEB10000 TUAO, CAGAYAN
RACHYFELER B. B04-08-D04514 TUGUEGARAO CITY,
GARMA CAGAYAN
FRANCISCO E. BAUIT J0961FEB10000 TUAO, CAGAYAN
 NOTARY PUBLIC

NOTE: The CDA reserves the right to review/verify the authenticity/viability

of the information provided in this survey and may require the proponent to
modify, revise or amend the whole or any part thereof if necessary, or, if found
to be economically unfeasible, deny the registration of the Cooperative.