EchoCO-fruit Jam

I. Executive Summary
Job is necessary to a person to provide the needs of its family or even for
himself/herself. Finding job that will fit to a person is very hard at the first place because
first, there might be no available vacant position and second, there are requirements that
an individual does not have like college degree. College degree makes a person have a
higher chance to get a better job with enough salary but with those that do not have,
simple job is enough even the salary or wage is not good enough to sustain needs.
Climate change and global warming is such phenomenon that anyone cannot
control but everyone believes that this is made by humans. Technology brought us on
this. Vehicles, factories, chemicals and many other toxins and pollutants causing harm to
the environment cannot be stopped. Sad to say but it seems impossible to solve the
environmental problems and now it is still getting worst. Stopping the climate change is
not the action of this social enterprise but to help on reducing wastes and some harmful
exhaust gases by establishing a social enterprise called EchoCO-fruit Jam.
EchoCO-fruit Jam is a social enterprise, not-for-profit and is established by
partners, generally creates jam and chocolates to be sold to the market. Since it is a social
firm, the objective of this social enterprise is to give job opportunities for those who do
not have college degree. This social enterprise is also aiming to have wider farm for the
fruits to be used in production of jams and chocolates such as: macapuno, banana, cacao,
rambutan, jackfruit, and mango. The reason in choosing trees bearing fruit is to help the
environment and lessen the exhaust gases going to the atmosphere even a little bit
because change start in a little. In order to reduce the wastes thrown away especially
single use plastics, this social enterprise is aiming to buy ecobricks to be used for tree
guard and small structures.
EchoCO-fruit Jam will sell their products to the following target markets:
retailers such as small stores, supermarket, people who can consume sweets, and tourists.
Production of jams and chocolates are abundant in the Philippines. Some famous
producers of jams are the following: Clara ole Mango Jam Garden, The Fruit Garden
Mango Luxury Jam, and Marketman’s Artisanal Preserves Mango Jam. While here are
some of the famous chocolate producers in the Philippines: Auro, Theo + Philo, Hiraya
Chocolates, Risa Chocolates, and Tigre Y Oliva. The product that EchoCO-fruit Jam is
traditionally made. The jams and chocolates can compete with the products from
mentioned competitors because it comes in different variety and sugar content.
Goals and aims of this social enterprise will expected to reach as the people
around the community came together and support EchoCO-fruit Jam.

II. The Business

It will be located at Matungao, Socorro, Oriental Mindoro where different agricultural
products can also be found here and land are widely available for other kinds of agricultural
purposes.
This social enterprise business is planned to establish since the rate of unemployed
people are increasing and the ecosystem especially trees are decreasing due in building
infrastructure for human being or economic purposes. EchoCo-fruit Jam aims to provide
employment for those who don’t have any degree, those people who have less opportunity to
have job that can sustain their family, have a farm where tress are planted for the production
of jams and chocolates, and buy ecobricks to encourage people to create ecobricks and lessen
the single-use plastics that is thrown away everywhere.
EchoCo-fruit Jam has the potential to open for an ecotourism where tourist can visit and
explore the farms and production center. They can also buy fruits and pick or harvest by their
own. Tourist can experience producing jams and chocolates by creating their own jams or
chocolate.
All the legal procedures and requirements for the start of the social enterprise must be
accomplished. Securing business permits from Municipal or City Government, Security and
Exchange Commission (SEC), Department of Trade and Industry (DTI), Department of

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Labor and Employment (DOLE), Social Security System (SSS), and Philippine Health
Insurance Corporation (PhilHealth) must be completed.

III. Organization
EchoCo-fruit Jam is a Social Enterprise or a non-profit organization. Non-profit
organization is granted tax –exempt status by the International Revenue Service (IRS)
because they provide social cause or environmental benefit. Any profit produced by the
business will be retained and will use for its own expenses, operations, and programs.

Mission

To create a self-sustaining social enterprise that provides job employment opportunities

for those who do not have degree;
To produce chocolate and fruits in more ecofriendly way; and
To help community to lessen waste in the way that will also benefit them.

Vision

“To transform the lives of the people living in the community by providing invaluable
work experience and helping the environment in order to develop new and productive
community crossing the road of success”

This social enterprise business will be formed by five (5) partners combining strength to
help society and environment. It is general partnership where capital is divided equally
among partners. It is agreed that profits will be distributed for the salaries, programs,
extending of farms, and if possible, charitable purposes.
This social enterprise is consisting of a General Manager, Supervisor, Credit Collection
Officer, Operating Manager, and Secretary. The positions are based on the agreement of each
partner. Every management staff will take their responsibility seriously to achieve the aim of
the organization.

IV. Key Staff

EchoCo-fruit Jam has organizational administrators to ensure that the social enterprise
will be able to achieve its goals and aims. The following are the organizational administrators
consist by this business:
Job Title: General Manager
The General Manager oversees key projects, processes and performance reports, data and
analysis. It can be male or female. He/She formulates and administers firms, directing and
coordinating all divisional unit activities, then reviews the outcome of operations value of
costs and forecast of acquired data and lastly, oversees manufacturing flow of materials and
labor productivity.
General Manager must be able to perform each essential duty and responsibility in a safe
and satisfactory manner. He/She must be knowledgeable of office administration procedures
and resource management disciplines. And lastly, comes with great leadership skill.
Job Title: Supervisor
The supervisor oversees the workflow of the business environment. Planning for
production and coordinating with the supplier must be done by the supervisor. He/She
ensures adherence to legal and organizational policies and procedures and undertake
disciplinary actions if the need arises. And lastly, monitors employee productivity and
provides constructive feedback and coaching.
Supervisor must have an excellent communication and interpersonal skills, familiarity
with the organizational policies and legal guidelines of the related field. Has proper
knowledge in logistical details focusing on efficiency and he/she can derive solutions out of

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analyses, and lastly, displays a pleasing personality and empathetic towards fellow.
Job Title: Credit Collection Officer
Handling of billing and collections for the organization is the duty of a credit collection
officer. A credit collection officer works in a wide range of industries, and along with
collections, often perform general office duties such as faxing documents, typing invoices or
answering phones.
Credit Collection Officer has strong math skills; solid understanding of finances, able to
use computer software used to assist with collections, and lastly should be organized, flexible
and resilient when trying to resolve a debt.
Job Title: Operating Manager
Operating Manager focuses to the production of jams and chocolates. He/she prepares
reports and proposals by collecting, analyzing and summarizing information. Listens to
customer requirements and presents relevant information appropriately. The operating
manager also maintains efficiency in the operating department.
Being knowledgeable in the aspects of information technology, market trends, and
commercial environment is the duty of operating manager.

Job Title: Secretary

The secretary maintains smooth running of an office through a variety of administrative

and clerical duties. Also his/her duty is to handle schedules, coordinate meetings and
programs, organize files, answer phones and perform a huge array of other essential tasks.
Secretary must have extensive secretarial and clerical work experience and has good
understanding of office practices and methods. He/she must be flexible.

EchoCO-fruit Jam hire employees that is jobless and without degrees for the harvesting
of fruits, production, packaging, delivering, and selling of jams and chocolates. The
following are the characteristics of the employees to hire:
 Employees must be efficient in harvesting, producing, delivering, and selling jams
and chocolates.
 He/she comes with good attitude.
 Willing to help co-employees and other people.
 Willing to learn and can stand for the organization to achieve its goals
V. External Relations
Funding Organization
Metrobank Foundation, Inc. (MBFI) was established on January 8, 1979 by Dr. George
S. K. Ty. As the corporate social responsibility arm of the Metrobank programs, MBFI
implements various programs on education, visual arts, health, and livelihood. Metrobank
Foundation will be the funding organization of EchoCO-fruit Jam as they give livelihood
program for the community. Foundation’s programs seek to inspire people to excel in what
they do, engage them and the communities they belong to, and empower them to become
agents of positive change and influence- all for the onward pursuit of nation-building.
Monitoring Organization
The Philippine Institute of Volcanology and Seismology (PHIVOLCS) is a Philippine
national institution dedicated to provide information on the activities of volcanoes,
earthquakes, and tsunamis, as well as other specialized information and services primarily
for the protection of life and property and in support of economic, productivity, and
sustainable development. It is one of the service agencies of the Department of Science and
Technology. PHIVOLCS will help EchoCO-fruit Jam upon establishing production,
packaging, storing, delivering, administration center and for the farm. This social enterprise
will get information regarding to the fault lines before establishment and buying of land for
farm. This is to ensure safety of not only for the business itself but for those will work for
the social enterprise.
VI. Products

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Any product or service have its distinction, description, details and have its quality. What
makes a product unique is that, how it was made and how does it help to consumers. Our
social enterprise, EchoCO-Fruit Jam, primarily produces fruit jams and chocolates. We all
know fruit jams and chocolates are sweet; tasting it makes you hyper and boosts your energy.
Just like our products, it will make you jump with its sweetest and tastefulness. Thus, how do
our products differs from the others? How do we make our products? What are the good
investments of it when it comes to our health?

Well, our fruit jams were made with fresh fruits from one of the best sources of fruits
here in the Philippines. Our product has its different flavors such as mango, rambutan,
banana, guyabano, jackfuit, cacao and macapuno. In the first place, our product was made
manually, so there's assurance that our product was made clean through complete hygiene
equipment and personal protective equipment. Also employees who produced jams are well
trained and oriented about hygiene procedures before producing jams and other product. On
the other hand, we also make chocolates. Those chocolates were made of cacao, and it is also
processed manually. So, what is the product packaging we used? In our fruit jams, the
product packaging we used was jars, with sizes such as small, medium and large. Next is our
chocolates, we used biodegradable materials as its product packaging like plastic container
that can be use multiple times. As one of our objectives is to help our environment, we used
eco-friendly materials to reduce single-use plastics which harm our environment. We
produced affordable products but also a satisfying and delicious one. More than that,
consumers will also be beneficial in many ways.

It is common that fruit jams contain sugar. There is no doubt, but as we heard of sugar,
we already think it will make us fat and gain weight, especially for people who mind their
weight. Jams are not bad because it contributes a lot to gain a healthy body. Did you know
fruits are a great source of energy as it added to produce fruit jams? A solution is that we just
need to look of how much we eat. Because jams helps to maintain a healthy weight as we
follow the recommended serving sizes. Another, is it helps to reduce the risk of stroke, heart
attack and all other potential cardiovascular diseases. It's also a great cancer fighting. Jams
help to reduce the risk of developing various cancers and also a best source of nutrition when
it was made of fully ripened fruits. These are just some of the facts information about jams
and how healthy it is.

Lastly, EchoCO-fruit Jam will also sell fruits, can be harvested personally or exported to
other places, once the farm is extended and able to supply the production of jams and
chocolates. People will be benefited, specifically health benefits, as the fruits came from our
farms are healthier and is 100% natural.

VII. The Market

Target markets are separated for two products: fruits itself and jams and chocolates.
Fruits: Once the farm has been expanded and has the ability to sustain the supply of
fruits needed to the production of fruits and chocolates, this social enterprise will also sell
fruits to others. One indication to sell fruits is that there are surplus fruits in the farm. Fruits
can be supplied and sold in different segments. First, to the tourist. Farm is open for fruit
picking, especially when seasonal fruits are bearing. Tourists can buy fresh fruits and
personally harvest depending to the weight they want. And lastly, fruits can be sold to
different distributors like supermarkets, different stores, and just a normal customer who like
to buy fruits directly from the farm.
Jams and Chocolates: The target market of these products are those people who can
consume sweets and without sensitive health problems from sweets. Jams and chocolates can
be distributed to our selling stations, for those treat us as supplier of Jams and chocolates,
supermarkets, or even small stores. Tourists are also target market for these products. Our
products can be a gift or souvenir from a trip usually given to their family, friends and/or
relatives.

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To inform market about the product, these promotional items are needed:
 Logo- A unique, attractive, appropriate logo will assist with developing brand
recognition for the program itself that will give it its own identity.
 Online advertisement- Having an account to different social networking site
helps to spread information regarding to the products of EchoCO-fruit Jam.
Moreover, through this contacting EchoCO-fruit Jams for buying is easier.
 Website- Internet is widely now everywhere in the world. Through website,
everything about EchoCO-fruit Jam can be found in the website especially on
how to purchase the products.

Jams come with different kind of flavors. Firstly those that are not seasonal and can be
produced in any of the season like macapuno, cacao, and banana. With these fruits, customers
have different option in buying jam they preferred flavor. The number of options will
increase as the month of seasonal fruits like mango, rambutan, guyabano, and jackfruit come.
Jams come with different volume. Also jams have different quantity of sugars for those who
like sweets the most and for those who are conservative about the intake of sweets.

Chocolates are something that is loved by everyone especially kids. But the same with
jams, chocolates has a sugar content that is prevented by other people because of health
concern. Chocolates produced by EchoCO-fruit Jams also come with different quantity of
sugar for those who would like to eat chocolate in small amount of sugar absorbed.

Competitors

The following organizations produce chocolates and it seems to be competitors of

EchoCO-fruit Jam in selling chocolates:

1. Auro
Made from cacao beans grown in Paquibato and Saloy, Davao del Sur, Auro’s dark chocolate
has hints of green tea, raisin, and earthy notes. In seeking variety, they said that Auro is the
brand to try. Not only do tthey have more than 22 variants, but owners Mark Ocampo and
Kelly Go also customize chocolate bars for private labels. First time customers can try Auro’s
70 percent dark chocolate saloy reserve and 32 percent roasted white chocolate cashew, each
of which won a bronze medal at the 2018 Academy of Chocolate Awards in London.
2. Theo + Philo
Theo + Philo is one of the most recognized and well-distributed local artisanal chocolates in
the country. Chocolate maker Philo Chua, sources his cacao beans from Davao Region to
make bars, peanut-chocolate spreads and chocolate-based drinks. Chua’s chocolate bars are
mixed with unlikely flavors such as calamansi, green mango and salt, and adobo. Theo +
Philo also offer a sampler box containing all the different flavors.
3. Hiraya Chocolates
Hiraya Xhocolates are made of cacao beans from Barangay Malabog, which is two-hour
drive from Davao City. However, this brand also harnesses other Filipino flavors; Hiraya
offers its Chicharon chocolate bar and coffee Nibs Dark Chocolate, which combines Benguet
coffee beans with Davao cacao beans.
4. Risa Chocolates
Owner of Risa Chocolates Pam Lim Cinco calls herself the CEO- or Chocolate Eating
Officer. Together with her team, she creates bars truffles and pralines made of cacao beans
sourced from South Cotabato. Cinco flavors her products with unique ingredients such as
chicharon, queso de bola, bacon, and brown butter. But her best seller is Pastillas de Pili.
Which is a pastillas base transformed into a chocolate bar and located with pili nuts.

5. Tigre Y Oliva
Tigre Y Oliva is a brand by Italian chocolatier Simone Mastrota, who is based in La Union.
However, Mastrota sources his cacao beans from three different origins in the Davao Region,

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each with a distinct taste profile- Santa Maria (fruity taste with hints of cinnamon and pink
pepper), Talandang (sweet and tart with a ripe fruit and raisin flavor) and Subasta (green tea,
nutty and earthy notes). However, what makes Tigre Y Oliva truly distinct and attractive is
the Florentine paper packaging of each chocolate bar.

The following organizations produce chocolates and it seems to be competitors of

EchoCO-fruit Jam in selling chocolates:
1. Clara ole Mango Jam
Commercially produced and available in most supermarkets nationwide, Clara Ole may well
be the most accessible brand of the bunch. Through overall on the firm-jelled end of the
consistency spectrum, it spreads easily to reveal a coarsely- blended puree of mango in a
surrounding jelly, and there is a fine grainy character to it which we hope points to actual
fruit fibers, but also feels odd on the tongue. Flavor-wise there’s a ton of tanginess(delivered
via addition of citric acid), which the team appreciates but which also feels like a cover-up for
the very little mango flavor underneath- sugar and water come before the actual mango.

2. The Fruit Garden Mango Luxury Jam

Like other jams in their lineup, this French-helmed, Philippines-based artisanal jam
company’s mango variant comes packaged in small jars that are elegant in appearance,
consistent with their “luxury jam” tagline. Inside is a relatively runny jam with a consistency
we’d compare to a slightly thicker coulis (or fruit sauce)- viscous enough to be poured easily,
barely – set, with the consistency of pureed fruit that holds itself together as a heavy syrup.
While there’s comparatively little tang to uplift the flavor equilibrium, you get the clear taste
of mango through and through that well highlights its natural creaminess.

3. Marketman’s Artisanal Preserves Mango Jam

This next jar forms part of the artisanal small batch line of fruit preserves of acclaimed
Filipino food blogger-slash- Zubuchon owner Joel Binamira (a.k.a. Marketman). It has the
shortest ingredients list of the lot- just mangoes, cane sugar, and pectin to be exact- and offers
a clear, juicy dose of mango flavor with a honey-like tone and just enough of a vibrant
tanginess (despite being the only brand of the bunch where there is no additional source of
acid, e.g. from lemon juice or citric acid, aside from what is naturally found on the mango).
The consistency is more similar to a fruit preserve, with small but clear-cut chunks of
succulent, sweet mango embedded through runny, barely-jelled (if not syrup-like) base. This
makes the jam an especially god contender for use as a topping over oatmeal, ice cream, or
plain Greek-style yogurt.

Similar Social Enterprise

Banaenae fruit jams primarily produce jams that are made of banana only. Since our
social enterprise is similar but the good thing we have is that we not only produce jams with
one flavor but we produce jams in variety of flavors that we can offer to our customers.

Market Testing
Through this activity, our business will able to know if our product would be saleable to
our target market. It will help our business to test and try our product beforehand. To
accomplish this activity, we are planning to test our fruit jam if our product will patronize by
our target market like conducting a free taste activity where people can taste our product for
free. EchoCo-fruit Jam is sure and confident that the products will be patronized by our target
market. The purpose of free taste is that the customers are already satisfied before they open
the jars of jams and/or container of chocolates

VIII. Social Purpose

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Who will benefit?

E-choCO-fruit Jam is a social enterprise tends to operate with a purpose of creating value
for the society and huge impact to the environment. Since it is a social enterprise that deals
with the people who are unemployed, therefore they are one of the beneficiaries of this
business. We all know that here in our country many people are unemployed and having
difficulty in finding job especially those who are not able to graduate neither in high school
nor in college. Most of the business seek an employee that have a college degree and high
school diploma yet not all people can meet the qualification particularly low-class people
who have not been given the opportunity to study and graduate. In other words, EchoCO-fruit
Jam is beneficial to the poor, generally by providing them with a means of livelihood.
Whether they are graduated or not, as long they have skills and they are willing to work hard
they can be an employee in our business. Moreover, it is also beneficial to other businesses
because from our business they can get an idea in creating a product that uses surplus fruits
for production that in the future excess will not be wasted.
It is also beneficial to the customers because it will make sure that the product will be
produced those that have quality, proven, definitely tasty and even healthy. We are not just on
the quality; we also consider the health of the customers. In other hand, environment is also
will be benefited in this social enterprise because as our business expand, we will be having
our own farm with plenty of trees like macapuno, cacao, banana, mango, jackfruit, rambutan,
and guyaban will be planted. It will help the environment in reducing pollution and
environmental problem. We will also buy ecobricks to encourage community to create and
sell to the nearby EchoCO-fruit Jam store. In that way, it is definitely help community ro
reduce wastes and create good impact to the environment. Lastly to economy, it will help to
build resilient and pluralistic market economy in our country because we tend to create jobs,
provides innovative products, promote a sustainable economy, create opportunities and hope
for the future.

Why is there a need for social enterprise?

Like mentioned before, this social enterprise business is planned to establish since the
rate of unemployed people are increasing and the ecosystem especially trees are decreasing
due in building infrastructure for human being or economic purposes. In the community,
specifically to the province of Mindoro, people without high school diploma or college
degree are experiencing difficulties finding job that will help in providing their family’s
needs and wants. Moreover, due to economic purposes, tress are being removed and replaced
by infrastructures. One example of this is road widening. Many trees has been removed, a
decade old trees, just for the sake of vehicles. Through EchoCO-fruit Jam, opportunity for
jobless to have stable job to sustain their family’s needs and wants. Also, trees will be planted
in the farm help environment to fight exhaust gases that destroy ozone layer. This will not
just benefit the community in the present, but in the future indeed.

How will running a social enterprise meet the need?

Through administrator of EchoCO-fruit Jam, they will help and guide people to unite in
able to achieve its goals. Being successful is not only in the hands of those who establish the
business, but with the whole community being benefited by the social enterprise.

The EchoCO-fruit Jam is a Social Firm. Social Firm is a business set up to create
employment for those most severely disadvantaged in the labour market. Like EchoCO-fruit
Jam that helps people without degree to have opportunity to gain job that will provide their
family’s needs and wants.

Who/ What are your external stakeholders’ view

The external stakeholders of EchoCO-fruit Jam are the following:
Customers: they will continuously patronize the products of this social enterprise

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because of its taste; the taste of traditional jams and chocolate, health benefits, and different
variety with different sugar quantity.
Suppliers: supplying of fruits for the production of jams and chocolates are expected to
decrease over the time because of farm to be built. This social enterprise will clearly explain
about this and predict time frame for the contract with the supplier to end.
The local community: they are the primary to be benefited of the job offerings of this
social enterprise. Before taking the job, every employee will be trained and oriented about the
business, its rules and regulation, and the goals or path to take.
Society: the society is benefited through the trees planted in the farm. Farm helps
reducing exhaust gases from the pollutants especially produced among vehicles in the
community. The society also benefited as they sell ecobricks to EchoCO-fruit Jam. In this
procedure, wastes specifically single-use plastics thrown away will be reduced.
IX. Equipment

Equipment is necessary for the business to make some of the tasks easier and for the sake
of the products. The following are the needed equipment in EchoCO-fruit Jam:

Huge burner or stove: this equipment will help in production of jams and chocolates.
Lot of this equipment, the more jams and chocolates will be produced. The use of this
equipment is for cooking fruits for jams and cacao beans for chocolates.

Grinder: this equipment also helps in production of chocolates. Its not will be used for
the production of jams since the social enterprise wants the nutrients from the fruits to
be used will not be changed through the production. Also, fruits to be used have alternatives
in grinding them but cocoa beans don’t have.

Freezer: this equipment is necessary for the product in storing and making sure that the
jams are secured. The freezer must be installed inside a room for a low temperature making
the jams and chocolates preserved and maintain its freshness. Through freezer makes the jars
of jams have an air pressure inside making the jar are tightly sealed reducing the potential of
the jams to expire in a short period of time.

Delivery truck: Since the delivery truck are essential in transporting products for it to
become widely available to the market. Delivery truck makes jams and chocolates delivered
to our customers who treated us as supplier of jams and chocolates, for huge market, and for
our own store,

Purpose
To provide a systematic method that allows for the accurate recording the depletion/use of EchoCo-fruit
jam’s assets which will ensure accurate recording and reporting of this social enterprise’s assets.
Policy
This Social enterprise will depreciate its long term assets. Presented below is a listing of the depreciation
schedule for more common items:
Procedures
Estimated useful life of the following assets is determined by administrators. The following is a list of the
estimated useful lives of each category of fixed asset for depreciation purposes:
ITEM USEFUL LIFE
Huge Burner or Stove 3 years
Grinder 3 years
Freezer 7 years
Delivery truck 20 years

X. Action Plan

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OBJECTIVES TASKS SUCCESS TIMEFRAME RESOURCES

CRITERIA
1. To create jobs To create jobs, we This social Over 10 years Our business who
or build need to startup a enterprise wants can help our
employment business where to give jobs in fellow citizens to
skills for under- they can work over 500 have job and
employed specifically our unemployed build their
groups. social enterprise, people. employment
EchoCO-fruit Jam skills.
that gives job
opportunities to
our fellow
citizens.

Regrding on
building
employment skills
for
underemployed
groups, our
business offer a
training program
where they can
enhance their
skills and
experience the
operations in our
business. Degree
is not necessary
for the people who
wanted to work in
EchoCO-fruit
Jam, it’s the
willingness to
learn more and do
more.
2. To increase the Planting those When there are at Over 15 years Our social
number of tress mentioned fruits least a hectare of enterprise where
through in our own farm trees planted for in the future we
planting trees for the production each fruit are planning to
bearing of jams and seedlings and expand our
mentioned chocolates and varieties. business and have
fruits to be used export fruits. its owned farm
in the where it can help
production of the environment.
jams and
chocolates.
3. To help the To lessen plastics Obviously lessen A year and above People in the
environment especially single- the plastics community,
through reducing use plastics. thrown especially those
wastes by buying
ecobricks. Through everywhere. who are interested
this, people will be To benefit other to make ecobricks
encouraged to people who are When everyone and a the same
create ecobricks willing to create are encouraged to time help our
and sell it to
EchoCO-fruit Jam
ecobricks and sell make ecobricks environment. `
store or main it to the social and help
center. enterprise environment

Cost

The following are the estimated cost of some of the tangible assets in this social enterprise:

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ASSET COST
Huge burner or stove Php 2,500 per piece. In producing more jams and
chocolates 6 pieces or more of this equipment are
needed.
Grinder Php 2,000 per piece. In producing more
chocolates, 2 pieces or more are needed.

Freezer Php 20,000 per piece. The piece of this depends

on how efficient jams and chocolates produced.

Delivery truck Php 500,000. The number of this asset depends

on the volume of jams and chocolates being
produced

Personnel Requirements

EchoCO-fruit Jam will create products such as jams and chocolates to hire unemployed groups.
Hiring in this Social Enterprise was not going to be complicated as long as an individual is possessed
with good characteristics or personality and willing to learn, work and help other people. Thoroughly,
resume or biodata (can be hand written as long as it contain about the characteristics or skills of a
person) and Barangay/Police/NBI clearance are required. Interview is also part of the procedure
before hiring. Hired people will be gathered for training and orientation to ensure efficiency at work.

XI. Finance

Figure 1
Projected Income

Projected Income for the First Year

60,000

50,000

40,000

30,000
Income in PHP
20,000

10,000

0
ry ry rch pril ay ne ly st
Ju ugu mbe obe
r r r er
ua rua a A M Ju be mb
n M e t m e
Ja Feb A pt Oc ove Dec
Se N

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Figure 2

Projected Expenses for the First Year

60,000

50,000

40,000

30,000 Income in PHP

Expense in PHP
20,000

10,000

0
ry ry ch ril ay ne ly st
Ju ugu mbe obe
r r r er
ua r ua ar Ap M Ju be mb
n b M A e t m e
Ja Fe pt Oc ve c
Se No De

Projected Expenses

Figure 3

Net Profit(Loss)

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Projected Net Profit for the First 3 Years

600,000

500,000

400,000
Net Profit in PHP
300,000

200,000

100,000

0
2021 2022 2023

Projected Cash Flow Statement

FY2021 FY2022 FY2023
Cash Flow from Operating activities
Change in Accounts Receivable Php 46,500 Php 33,050 Php 42, 340
Cash collection from customers 258,450 352,840 450790
Cash payment to supplier (75,000) (70,000) (65,000)
Depreciation (25, 000) (25, 000) (25, 000)
Salaries paid to employees (150,000) (200,000) (250,000)
Net Cash Flow provided by operating
activities Php 54,950 Php 90,890 Php 153, 130
Cash Flow from Investing activities
Cash payments for the purchase of machinery (Php 50, 000) - -
Purchase or payment of Land (100,000) (Php 100,000) (Php 100,000)
Net cash flow provided by investing (Php 150, 000) (Php 100,000) (Php 100,000)
activities
Cash flow from financing activities
Additional Investments Php 100, 000 Php 50,000 Php 25,000
Cash receipts from a bank loan 50,000 - -
Cash payment to short-term borrowings (45,000) - -
Net cash flow provided by financing Php 105, 000 Php 50, 000 Php 25,000
activities
Increase in cash Php 9950 Php 40, 890 Php 78,130
Cash Balance Jan 1 Php 500, 000 Php 509, 950 Php 550, 840
Cash Balance Dec 31 Php 509,950 Php 550, 840 Php 628, 970

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Projected Balance Sheet

FY2021 FY2022 FY2023
Assets
Current Assets
Cash Php 845,890 Php 1,168,222 Php 1,500,168
Accounts Receivable 46,500 33,050 45, 661
Supplies 25,000 12,500 25,000
Prepaid expense 24,000 12,000 24,000
Total Current Assets Php 941,390 Php 1,225,772 Php 1,594,829
Non-current Assets
Land Php 200,000 Php 300,000 Php 400,000
Building 100,000 96,000 92,000
Accumulated depreciation(Building) (4000) (4000) (4000)
Delivery Equipment 500,000 475,000 450,000
Accumulated Depreciation(Delivery (25,000) (25,000) (25,000)
Equipment)
Machinery 24,500 20148.86 15,797.72
Accumulated depreciation(Machinery) (4351.14) (4351.14) (4351.14)
Total Non-current Assets Php 791,148.86 Php 857,797.72 924,446.58
Total Assets Php Php Php 2,519,275.58
1,732,538.86 2,083,569.72
Liabilities
Current Liabilities
Accounts Payable Php 50,000 Php 46,540 Php 24,540
Salaries Payable 75,000 43,600 24,500
Accrued Expense 12,000 12,000 12,000
Total Current Liabilities Php 137,000 Php 102,140 Php 61,040
Non—current Liabilities - - -
Total Non-current Liabilities - - -

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Total Liabilities Php 137,000 Php 102,140 Php 61,040

Equity
Capital Php 1,300,000 Php Php 1,981,429.72
1,595,538.86
Net Income(Loss) 295, 538.86 385,890.86 476,805.86

Total Owner's Equity Php Php Php 2,458,235.58

1,595,538.86 1,981,429.72
Total Liabilities & Equity Php Php Php 2,519,275.58
1,732,538.86 2,083,569.72

Finance required and method of financing

The following are done regularly and takes serious financing to reconcile income with
expenses:
Payment to the suppliers: supplying of fruits needed for the production of jams is done
weekly. Payment for the suppliers of fruits is financed and projected. It is projected that every
month there is .07% decrease to the payment because of the farm to be expected to extend.
Payments or on credit should be recorded because it is a transaction that includes money.
Sales, cash collected from the customers, cash collectibles: it is necessary for a
business to have market to supply of the products manufactured. Jams, chocolates, and fruits
sold are needed to record whether cash or on credit. It is expected that the income will
increase through time because the expenses from the suppliers will decrease. Hence, number
of job will increase or the salary rate might increase.

Salaries paid to the employees: since it is a social firm that provides job to unemployed
individuals, it is necessary to budget payments to employees in exchange in their labor and
making the social enterprise operate. It is projected though time that salaries to be paid to the
employees will increase. Salaries must be enough and reconcile with the income produced
from selling products of this social enterprise
Purchase of land and seedlings: as mentioned before, this social enterprise will extend
their land, for the fruits needed, over the time to reduce the expenses from the supplier and to
create more jobs because it needed people for harvesting and taking care of the farm. It is
financed that every year there will be Php 100,000 budget for the land creating the land
before to be extended. Seedlings are next after the purchase. Whole land can be also on credit
and is paid through time. It is necessary also to record the payment and purchase of seedlings
and land.

Large scale of Funding

Funding is a special task to do in preparing budget for the use of special activity or thing.
EchoCO-fruit Jam will do funding to the payment for the suppliers, salaries for the
employees, and for the purchase of land and seedlings.
Suppliers of fruits are necessary for the start of this social enterprise because production
of jams and chocolates depends on them. Funding of payment for the suppliers is done
monthly. Fund each month takes differences because of the farm to be created.
Generating jobs is the purpose of this social enterprise. Funding for the salaries is
necessary to project whether the income of the business is enough in providing their salaries.
Reducing expenses through time will increase income making a lot of jobs if the salaries
remain constant. If the maximum number of jobs is attained, there will be a chance for them
to have increase in salaries depending to rate of sale. Fund for the salaries annually is
expected to increase.
Payments for land are necessary to gain its ownership little by little. As mentioned
before, there will be PHP 100,000 of fund for the land each year.

Assets for security

This social enterprise is also installed have security for the business itself and for

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the stakeholders. Aside of guards, CCTV is also a great security asset that a business must
have. CCTV or closed-circuit television is a TV system in which signals are not publicly
distributed but are monitored, primarily for surveillance and security purposes. CCTV relies
on strategic placement of cameras, and observation of the camera’s input on monitors
somewhere.

Alternative methods of finance

This social enterprise will have external relation like Metrobank Foundation, Inc.
(MBFI). Other alternative form of financing that can be use is grants. It does not have to be
paid back, unlike loan. It is usually disbursed or gifted by one entity. In addition, it requires
an extensive application process. Through Metrobank Foundation, Inc. (MBFI), this social
enterprise will request a grant as alternative financing.

Financial Management System and Resources

There are seven elements needed to for this social enterprise to have great financial
management system:
1. Financial Reporting
Accurate, current, and complete disclosure of the financial results of financially assisted
activities must be made. Through this administrator staffs can monitor the extent to
which management’s objectives are being achieved. It is also necessary for the external
parties of this social enterprise.
2. Accounting Records and Source Documentation
EchoCO-fruit Jam must maintain records which adequately identify the source and
application of funds provided for financially assisted activities. These records must
contain information pertaining to grant or subgrant awards and authorizations,
obligations, unobligated balances, assets, liabilities, expenditures, and income.
Accounting records must be supported by such source documentation as cancelled
checks, paid bills, pay rolls time and attendance records, contract, and subcontract award
documents, etc.
3. Internal Control
EchoCO-fruit Jam must have effective control and accountability to maintain for all
grant, personal property, and other assets. It must be safeguarded; those properties and it
must be assured that it is used solely for authorized purposes.
4. Budget Control
Actual expenses or outlays must be compared with budgeted amounts for each grant.
Finance information must be related to performance or productivity data, including the
development of unit cost information whenever appropriate or specifically required in the
grant agreement. If unit cost data are required, estimates based on available
documentation will be accepted whenever possible.
5. Allowance Cost
Applicable cost principles and terms of grant agreements shall be followed in
determining the reasonableness, allowabiliy, and allocability, of costs.
6. Cash Management
The cash management function of this social enterprise is responsible for establishing and
maintaining a set of policies and procedures with the dual purpose of ensuring that funds
are available to cover payments made for program purposes.
7. Compliance
EchoCO-fruit Jam must comply with state laws and regulation, local ordinance and other
legal requirements.

The resources of this Social Enterprise are the products itself: jams, chocolates,
and fruits. Jams and chocolates last longer because of its natural sugar content and
additional sugar. Fruits can also be sold a great source of income as agricultural is one of

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 EchoCO-fruit Jam
the business that is profitable. Aside of it, our external relations will help us giving fund
for some developmental purposes.
EchoCO-fruit Jam will also borrow Php 50,000 in a bank to support its financial
needs at the very first year of the operation.

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