FORMATION

ANNEX 2
DOLE KABUHAYAN PROGRAM
GROUP BUSINESS PLAN

I. PROJECT BRIEF

Proponent ACP/Proponent Beneficiary : FS CATANICO BAJARE OPERATORS

DRIVERS WORKERS ASSOCIATION

Propose Business/Project : BAJAJ SPARE PARTS

No. of Beneficiaries : 50

Total Project Cost : ₱ 312,000.00

DOLE –X : ₱250,000.00

Proponent’s Equity : ₱ 62,000.00

Contact Person : ALVIN DABLO REQUINTOSA

Contact Number : 0963-816-4914/ 0935-313-0726

II. EXECUTIVE SUMMARY

A. Marketing Aspect

The Bajaj parts stores industry retails new and used motor parts and accessories and, repairs and
installs motorcycle accessories. Players in this industry operate a single store in one location or
chains of stores in several locations. Stores such as this type can be found everywhere due to the
ongoing demand for the use of motorcycles.

Primarily, this store sells motorcycles and tricab parts and accessories. Some shops even offer the
repair of motorcycles. The project is set to service a wide range of clientele within and outside
Barangay Cugman. Our association will ensure that all customers are given first-class services
whenever they visit the store and request services.

This project will be the first of its kind in the area where it will be installed. With this, a big
opportunity and income shall be gained in the future with proper guidance and training from the
Department of Labor and Employment. The DOLE Grant will be of help to the association in the
proposed business.

B. Production Aspect

The start-up capital/grant of 250,000.00 from the Department of Labor and Employment is
essential, especially in the purchase of items that were identified by the association. Identification
of potential suppliers for the shop shall include the ability to provide agreeable terms with the
lowest possible price and excellent product qualities.

Items shall be marked up to 20% from the original price. The marked-up price is determined to
help sustain the operation of the store. In addition, the shop shall be opened daily and purchase
frequency is estimated to be four times monthly.

Page 1 of 14
 FORMATION

C. Management Aspect

A management team will be created to handle the daily business operation. They will be selected
thoroughly according to experience, attitude, skills, and specialization. The tasks and functions shall
be well-defined for uniform understanding.

D. Financial Aspect

For this project, the proponent needs a start-up capital of Two Hundred Fifty Thousand pesos (P
250,000.00) for the herein-listed items. With the grant from DOLE X Cagayan de Oro City Field
Office, FS Catanico Bajaj Operators Drivers Workers Association could purchase for the first cycle of
the business. The proponent in this regard is expected to double the start-up capital for the next 1
to 2 years of operation and be liquidated at that time.

III. Organization/ACP/Proponent Overview

FS Catanico Bajaj Operators Drivers Workers Association was organized in the year 2023 and was
registered as an association recognized by the Department of Labor and Employment on March 24,
2023, composed of 50 members.

Board of Trustees

Manager

Auditor Cashier Purchaser

IV. Introduction

A. Background Information

FS Catanico Bajaj Operators Drivers Workers Association was organized on February 10, 2023, and
was duly registered and recognized as an association by the Department of Labor and Employment
on March 24, 2023. Notwithstanding the recent establishment of the association, members already
have experience handling services related to Tricab parts and repairs.

Communities in FS Catanico usually have difficulties accessing inland transportation due to road
conditions. At present, people in the barangay depend on this type of transportation: motorcycles,
bao-bao, and jeepneys, but generally people are using bao-bao. Hence, the idea of
establishing/proposing this type of business. This project will be the first of its kind in the area
where it will be installed because some other businesses related to retailing tricab parts are now
closed and some don’t have some type of tricab parts or services offered.

B. Purposes and Objectives

The purpose and objectives of the proposed business are to continuously generate income for the
association through economic activity and ensure economic stability. Thus, its objectives are:

Page 2 of 14
 FORMATION

a) To provide the members and the community with basic commodities with fair market
prices under an equitable financial structure;
b) To be able to address and meet the demand of the community; and
c) To provide quality and efficient services to the community.

C. Direct and Indirect Beneficiaries

Direct beneficiaries are the residents of Barangay Cugman & FS Catanico, Cagayan de Oro City who
are also members of the association including drivers and operators while the indirect beneficiaries
are non-members of the association including drivers and operators residing in the barangay and
neighboring communities.

D. Brief Description of the Proposed Business

The business was conceptualized based on the actual needs of the community. Primarily, this store
sells motorcycle and tri-cab parts and accessories. Some shops even offer the repair of
motorcycles. The project is set to service a wide range of clientele within and outside Barangay
Cugman & FS Catanico. Our association will ensure that all customers are given first-class services
whenever they visit the store and request services.

This project will be the first of its kind in the area where it will be installed. With this, a big
opportunity and income shall be gained in the future with proper guidance and training from the
Department of Labor and Employment. The income of the business will be divided annually among
the members, 50% shall be used for purchasing additional stocks, another 25% shall be the
association’s savings, and the other 25% shall be divided among the members. It is strategically
located in the area where small businesses that sell motor parts are also located. As mentioned,
this business proposed by the association will be one of its kind in the barangay which other small
businesses cannot offer terms specific spare parts, accessories, and services.

V. THE PROPOSED BUSINESS/PROJECT

A. MARKETING PLAN

i. Market Analysis
The motorbike industry is seeing considerable revenue growth within the broader
transportation market. Engineering, design, technology development, and production are all
activities in this sector. Data on these activities and distribution, marketing, sales, and
motorcycle maintenance are included in reports relative to this industry. The popularity of more
recent electric motorcycles is rising as a result of their reduced carbon footprint and quieter
functioning. Currently, considerable growth in motorcycle users could also mean an increase in
the demand for motor parts and basic motorcycle services.

 Advantages of Motorcycle Services

People have at least 1 motorcycle in their house. Therefore, the motorcycle is one of the
mandatory vehicles that is commonly used everywhere. Because of it, this business
opportunity is always needed. In addition to service workshops, there are also oil change
services, electrical repairs, and other minor problems that motorcycle and tricab users
may not understand. The market for motorcycles is large because it is one of the most
used vehicles, which is why the services needed for motorcycles are also demanded.

 Its Nature is Not Seasonal

The motorcycle parts and services are year-round and non-seasonal. Unlike the viral
business, its services are always needed throughout the day, for weeks to months. In

Page 3 of 14
 FORMATION

addition, this type of shop can be so demanding during holidays because it’s the time
when most of the owners visit.

 Huge Profit

The turnover of the motorcycle parts and services is quite large because technician
services charge expensively, they are needed by workshops, let alone official ones. The
biggest capital in this business is a skilled workforce experienced in motorcycle parts
services. Also, provide maximum service to motorcycle customers.

As we all know, some people can’t repair their motorcycles by themselves because they
need skills and knowledge to repair parts of the motorcycle. That is why the charge for its
services is high, eventually increasing its profit.

 Fast Developing
The fact that the motorcycle parts and services industry is expanding quickly is one of its
benefits. Due to its prospective nature, this firm can grow very quickly and has a sizable
daily turnover. Therefore, you must also create a plan to promote your company.

 Low Initial Capital

Because all you need to repair a motorcycle are some basic tools and a skill set that you
can pick up quickly or you might already have an engineering degree, starting a business
selling motorcycle parts and services requires little upfront capital. The important idea
here is that, if you have decided to start this firm, having a low initial cost for the venture
is one of the positives you may take into account. Prior to making any decisions, consider
the advantages of the motorbike components and services described above.

ii. Product or services to be offered

 Services Offered:
-Lubricant Service
-Clutch & Break Service
-Spark Plug Service
-Aligner
-Battery Replacement Service
-Lighting
-Suspension Service
-Change oil Service
-Break-in Service

iii. Brand Strategy

Since our group is new, our services are unique. Creating a good rapport with the customers
will be an edge to every business. This would include proper handling of clients and being able
to immediately address their needs and concerns.

iv. Pricing Strategy

Our price is not far higher than the existing market; the markup will be 20% of the unit price of
the original cost of each product and service. This is lower than that of its competitors in the
market. Price will eventually be adjusted as soon as demand for certain services goes high in
the market. Hence, the group and officers will be keeping an eye on the market’s demand to
offer competitive services.

Page 4 of 14
 FORMATION

v. Promotion

Social media is one of the most effective ways to reach a wide audience. Producing content,
posts, and images which strike the right balance between entertaining, informative, and
commercial.

vi. Prospective Buyers

Prospective buyers are the residents of Barangay Cugman & FS Catanico, Cagayan de Oro City
who are also members of the association including drivers and operators from the neighboring
communities.

B. PRODUCTION PLAN

In order for the business to survive, an inventory process is needed as a guide for the members to
meet quality services to their customers. An inventory beginning and an inventory ending of goods
by the assigned members will be done every day. Since the tending of the store will be in groups
comprising of four members, the members in charge of the day are responsible to produce the said
inventory report for review by the association’s auditor. The group will have one inventory in charge,
one cashier, and one sales clerk. Remittance of sales is done every other day to the treasurer with
the presence of both outgoing and the incoming group in charge of the day’s duty.

C. MANAGEMENT PLAN

The success of the association’s business will depend on the member’s dedication, hard work, and
performance of their respective duties and responsibilities as mentioned in the Constitution and By-
Laws. To sustain a reasonable atmosphere of the business, the President and the Vice President of
the group would consider the recommendations from their members when making decisions. The
Project Management Team (PMT) will compose of Supervisor, Checker, Cashier, and a Bookkeeper.
Both will receive compensation based on the Agreed Salary Scheme with the association. The
officers must see to it that the business will withstand, through close supervision and monitoring,
not only sales but expenses.

i. Specific Duties and Responsibilities

Position: Manager
Status: Full Time
Job Description:

 Is in charge of the company’s whole service.

 Is in charge of workers and workplace sanitation.
 Ensures that the organization’s policies and procedures for corporate operations are followed
correctly.
 Make policy and action recommendations to management to help develop the framework.
 Report any violation/s in policies and guidelines to resolve issues and concerns.
 Perform other duties and responsibilities as authorized by the constitution and by-laws of the
association or board of directors and general assembly.
Position: Purchaser
Status: Full Time
Job Description:
 Testing and tracking the amount of loaded and unloaded goods.
 Keep a master list of all products, including their names, brands, and sizes.
 Write and update daily reports.

Page 5 of 14
 FORMATION

Position: Cashier
Status: Full Time
Job Description:
 In charge of all sales sets in the store
 Is in charge of depositing daily collections in a depository bank that has been approved
 Is in charge of compiling monthly reports and maintaining a cashbook.
Position: Store Assistant
Status: Full Time
Job Description:
 Works on the sales floor providing assistance directly to the customers.
 Greeting customers who enter the store.
 Maintaining store display.
 Punctuality is a must.

ii. Organizational Structure

BOARD OF TRUSTEES

Audit and Inventory Executive Committee Purchase Committee

Committee

Manager/Supervisor

Sales Lady/Cashier

iii. Specific Training Needs

The important training for those who are directly involved in the operation are the basic
Accounting and Auditing, Simplified Bookkeeping System, Policy Making, and Entrepreneurship
Development Training. At any rate, by monitoring and evaluation of the project by the
Department of Labor and Employment, training needs could be determined. Different trainings
may be either in the Pre-Implementation phase or in Post-Implementation Phase.

iv. Profit Sharing Scheme

By the end of the year, the organization shall ensure that basic accounting rules are
implemented such as closure of books of accounts and auditing as well as inventory. The profit
sharing shall be based on the member’s contribution which is known as dividend, for which the
amount shall be proportionate to each contribution. From the net profit, 25% shall be allocated
to Patronage Refund and the Community Development Fund is 5%. Then, the other 10% shall
be Training Fund while the remaining 60% shall accrue to General Fund or Project Fund.

Page 6 of 14
 FORMATION

D. FINANCIAL PLAN
*Monthly Working Capital Requirement

i. Cost of Direct Raw Materials

Particulars Quantity Unit Cost Total Cost

For Tri-Cab:

Tires 7 ₱ 1,400.00 ₱ 9,800.00

Mogs 2 ₱ 1,100.00 ₱ 2,200.00

Cables:

Accelerate cable 2 ₱ 700.00 ₱ 1,400.00

Reverse cable 2 ₱ 750.00 ₱ 1,500.00

Clutch cable 3 ₱ 780.00 ₱ 2,340.00

Gear cable 2 ₱ 1,500.00 ₱ 3,000.00

Pivot Pin 4 ₱ 1,500.00 ₱ 6,000.00

Stator 2 ₱ 3,500.00 ₱ 7,000.00

Clutch lining 5 ₱ 2,500.00 ₱ 12,500.00

Spark plug 5 ₱ 240.00 ₱ 1,200.00

Engine oil 15 ₱ 320.00 ₱ 4,800.00

Side Mirror 6 ₱ 1,000.00 ₱ 6,000.00

Fuse:

no.10 50 ₱ 15.00 ₱ 750.00

no.15 50 ₱ 15.00 ₱ 750.00

no.30 50 ₱ 15.00 ₱ 750.00

Bulb light/Headlight 2 ₱ 3,000.00 ₱ 6,000.00

Horn 5 ₱ 700.00 ₱ 3,500.00

Wiper/ Windshield 2 ₱ 4,500.00 ₱ 9,000.00

Grease 5 ₱ 150.00 ₱ 750.00

Signal light bulb 5 ₱ 30.00 ₱ 150.00

bolts 17mm 5 ₱ 30.00 ₱ 150.00

Nuts 17mm 5 ₱ 10.00 ₱ 50.00

Oil filter 6 ₱ 250.00 ₱ 1,500.00

Battery 12volts 5 ₱ 2,800.00 ₱ 14,000.00

Wiper Motor 2 ₱ 2,800.00 ₱ 5,600.00

Page 7 of 14
 FORMATION

Particulars Quantity Unit Cost Total Cost

Battery electrolyte 5 ₱ 200.00 ₱ 1,000.00

Buffler 1 ₱ 8,000.00 ₱ 8,000.00

Fuel unit 5 ₱ 500.00 ₱ 2,500.00

Air cleaner 2 ₱ 400.00 ₱ 800.00

Brake shoe 8 ₱ 550.00 ₱ 4,400.00

High/ Low relay 5 ₱ 250.00 ₱ 1,250.00

Electrical tape 10 ₱ 25.00 ₱ 250.00

Brake fluid 5 ₱ 250.00 ₱ 1,250.00

Rubber cup 24 ₱ 350.00 ₱ 8,400.00

Brake master 2 ₱ 2,000.00 ₱ 4,000.00

Brake fluid tanker 3 ₱ 250.00 ₱ 750.00

Brake drum 1 ₱ 2,000.00 ₱ 2,000.00

Copper tube 5 ₱ 900.00 ₱ 4,500.00

Axle drum bolt 2 ₱ 1,200.00 ₱ 2,400.00

Shock 1 ₱ 1,800.00 ₱ 1,800.00

Front cover 1 ₱ 1,000.00 ₱ 1,000.00

Crush gun 5 ₱ 400.00 ₱ 2,000.00

Matting 5 ₱ 400.00 ₱ 2,000.00

Spring 5 ₱ 30.00 ₱ 150.00

Sockets 5 ₱ 50.00 ₱ 250.00

Roof cover 1 ₱ 4,500.00 ₱ 4,500.00

Jack stand 2 ₱ 685.00 ₱ 1,370.00

Ignition 1 ₱ 3,800.00 ₱ 3,800.00

Lever 5 ₱ 250.00 ₱ 1,250.00

Carbon brush 5 ₱ 168.00 ₱ 840.00

Speedo meter 5 ₱ 652.00 ₱ 3,260.00

Rear wheel axle assy 5 ₱ 3,258.00 ₱ 16,290.00

Brake shoe 5 ₱ 418.00 ₱ 2,090.00

Starter pinion assy 1 ₱ 2,392.00 ₱ 2,392.00

Regulator EI assy 5 ₱ 1,102.00 ₱ 5,510.00

Page 8 of 14
 FORMATION

Particulars Quantity Unit Cost Total Cost

Winker lamp switch 1 ₱ 1,509.00 ₱ 1,509.00

Air filter elements 1 ₱ 1,280.00 ₱ 1,280.00

Timing chain 1 ₱ 890.00 ₱ 890.00

Hand brake cable 5 ₱ 993.00 ₱ 4,965.00

Accessories:

Spoiler 1 ₱ 2,500.00 ₱ 2,500.00

Bumper 1 ₱ 4,014.00 ₱ 4,014.00

Trike cover 5 ₱ 700.00 ₱ 3,500.00

Rear bumper trailer 1 ₱ 400.00 ₱ 400.00

Tire sealant 5 ₱ 50.00 ₱ 250.00

Wire 100m 1 ₱ 2,000.00 ₱ 2,000.00

Cover cup 5 ₱ 200.00 ₱ 1,000.00

Total ₱ 213,000.00

b.) cost of Direct Labor

Particular Quantity Rate/Day Duration Amount
Store Clearing, Fixing, and installation of racks and shelves
Carpenter 2 550.00 9 ₱ 9,900.00
Labor 1 405.00 9 ₱ 3,645.00
Painter 1 550.00 9 ₱ 4,950.00
Total Labor Cost ₱ 18,495.00

c. Overhead Cost

Particulars Quantity Monthly Annually

Admin Cost: (Honoraria)

Manager 1 ₱ 5,000.00 ₱ 60,000.00

Purchaser 2 ₱ 8,000.00 ₱ 96,000.00

Cashier 1 ₱ 4,500.00 ₱ 54,000.00

Sales Personnel 2 ₱ 8,000.00 ₱ 96,000.00

honoraria total ₱ 25,500.00 ₱ 306,000.00

Electric bill ₱ 5,000.00 ₱ 60,000.00

Transportation ₱ 2,500.00 ₱ 30,000.00

Page 9 of 14
 FORMATION

Particulars Quantity Monthly Annually

Utilities Total ₱ 33,000.00 ₱ 396,000.00

d.) Pre-Operating expenses

Particulars Quantity Unit Cost Total cost

Training ₱ 30,000.00 ₱ 30,000.00

Insurance
50 ₱ 100.00 ₱ 5,000.00
Business Permit ₱ 7,500.00 ₱ 7,500.00
Total ₱ 42,500.00

d.1) Training Expenses Details

Particulars Quantity Duration Unit Cost Total Cost

Meals and Snacks
Resources Persons PF
Venue Rentals
Training Materials
Total
15 3 ₱ 450.00 ₱ 20,250.00
1 3 ₱ 1,500.00 ₱ 4,500.00
3 ₱ 1,500.00 ₱ 4,500.00
₱ 750.00
₱ 30,000.00

e.) Capital Outlay

Particulars Quantity Unit Cost Total Cost

Vulcanizing Compressor 1.5HP 1 ₱ 6,500.00 ₱ 6,500.00

Vulcanizing Tire Lever Set 1 ₱ 500.00 ₱ 500.00

Total ₱ 7,000.00

f.) Project Cost

Particulars Total Cost DOLE Proponent

Cost of Direct Raw Materials ₱ 213,000.00 ₱ 213,000.00
Cost of Direct Labor ₱ 18,495.00 ₱ 18,495.00
Capital Outlay ₱ 7,000.00 ₱ 7,000.00
Overhead Cost
Admin Cost: (Honoraria) ₱ 25,500.00 ₱ 25,500.00
Utilities Expenses ₱ 5,000.00 ₱ 5,000.00
Transportation ₱ 2,500.00 ₱ 2,500.00
Operating Expenses

Page 10 of 14
 FORMATION

Training ₱ 30,000.00 ₱ 30,000.00

Insurance ₱ 5,000.00 ₱ 5,000.00
Permit/License ₱ 7,500.00 ₱ 7,500.00
Total ₱ 313,995.00 ₱ 250,000.00 ₱ 63,995.00

Projected income Statement

Particular Year 1 Year 2 Year 3

Income:

Cash sales ₱ 4,907,520.00 ₱ 5,889,024.00 ₱ 7,066,828.80

Other income ₱ 0.00 ₱ 50,000.00 ₱ 312,500.00

Total Income ₱ 4,907,520.00 ₱ 5,939,024.00 ₱ 7,379,328.80

Less: cost of sale

Purchases ₱ 3,926,016.00 ₱ 4,751,219.20 ₱ 5,903,463.04

Add: Freight In ₱ 35,000.00 ₱ 45,000.00 ₱ 50,000.00

Total Cost of sales ₱ 3,961,016.00 ₱ 4,796,219.20 ₱ 5,953,463.04

Less: Inventory ₱ 254,890.00 ₱ 358,590.00 ₱ 402,982.00

Stocks avaible for sale ₱ 3,706,126.00 ₱ 4,437,629.20 ₱ 5,550,481.04

Gross Income ₱ 1,201,394.00 ₱ 1,501,394.80 ₱ 1,828,847.76

Less: Operating Expenses

Electric bill ₱ 60,000.00 ₱ 72,000.00 ₱ 86,400.00

Transportation ₱ 30,000.00 ₱ 36,000.00 ₱ 43,200.00

Salaries ₱ 306,000.00 ₱ 306,000.00 ₱ 367,200.00

Permits and licenses ₱ 7,500.00 ₱ 8,500.00 ₱ 9,500.00

Depreciation ₱ 700.00 ₱ 700.00 ₱ 700.00

labor ₱ 9,900.00 ₱ 7,000.00 ₱ 7,000.00

Insurance ₱ 5,500.00 ₱ 5,600.00

Office Supplies ₱ 10,000.00 ₱ 12,000.00 ₱ 14,400.00

Maintenance ₱ 24,500.00 ₱ 52,780.00 ₱ 35,200.00

Total Operating Expenses ₱ 448,600.00 ₱ 497,180.00 ₱ 565,800.00

Total Income ₱ 752,794.00 ₱ 1,004,214.80 ₱ 1,263,047.76

Page 11 of 14
 FORMATION

Net profit Distribution

Particular Year 1 Year 2 Year 3

Patronage Fund 60 % ₱451,676.40 ₱600,548.88 ₱755,788.66

General fund 35% ₱263,477.90 ₱350,320.18 ₱440,876.72

Training fund 5% ₱37,639.70 ₱50,045.74 ₱62,982.39

Total ₱ 752,794.00 ₱ 1,004,214.80 ₱ 1,263,047.76

Cash Flow

Particular Year 1 Year 2 Year 3

Cash Inflow

Cash Balance Beginning ₱953,694.00 ₱1,451,528.59

Cash Sales ₱4,907,520.00 ₱5,889,024.00 ₱7,066,828.80

Grant From DOLE ₱250,000.00

Other income ₱0.00 ₱50,000.00 ₱312,500.00

Member's Contribution ₱63,995.00

Accounts receivable ₱111,795.00

Total Cash Inflow ₱5,333,310.00 ₱6,892,718.00 ₱8,830,857.39

Cash Outflow

Electricity ₱60,000.00 ₱72,000.00 ₱86,400.00

Salaries ₱306,000.00 ₱306,000.00 ₱367,200.00

Transportation ₱30,000.00 ₱36,000.00 ₱43,200.00

Office Supplies ₱10,000.00 ₱12,000.00 ₱14,400.00

Labor ₱9,900.00 ₱7,000.00 ₱7,000.00

business permit/renewal ₱7,500.00 ₱8,500.00 ₱9,500.00

Insurance ₱5,000.00 ₱5,500.00 ₱5,600.00

purchases ₱3,926,016.00 ₱4,751,219.20 ₱5,903,463.04

Accounts payable ₱189,490.21 ₱550,768.65

Equipment depreciation cost ₱700.00 ₱700.00 ₱700.00

Maintenance ₱24,500.00 ₱52,780.00 ₱35,200.00

Total Cash Out Flow ₱4,379,616.00 ₱5,441,189.41 ₱7,023,431.69

Cash Balance End ₱953,694.00 ₱1,451,528.59 ₱1,807,425.70

Balance sheet

Page 12 of 14
 FORMATION

PARTICULAR YEAR 1 YEAR 2 YEAR 3

ASSETS
Current Assets
Cash ₱953,694.00 ₱1,451,528.59 ₱1,807,425.70

Other Income ₱- ₱50,000.00 ₱312,500.00

Account receivable ₱111,795.00 ₱- ₱-

Total Current Assets ₱1,065,489.00 ₱1,501,528.59 ₱2,119,925.70

Fixed Assets
Equipment ₱7,000.00 ₱8,800.00 ₱10,871.43

LESS: Depreciation cost ₱700.00 ₱428.57 ₱785.71

Depreciated Cost ₱6,300.00 ₱8,371.43 ₱10,085.71

Total Fix Assets ₱6,300.00 ₱8,371.43 ₱10,085.71

TOTAL ASSESTS ₱1,071,789.00 ₱1,509,900.01 ₱2,130,011.41

LIABILITIES, GRANT & EQUITY

Liabilities
Patronage Refund ₱451,676.40 ₱600,548.88 ₱755,788.66

Training Fund ₱37,639.70 ₱50,045.74 ₱62,982.39

Insurance ₱5,000.00 ₱5,500.00 ₱5,600.00

Accounts Payable ₱189,490.21 ₱550,768.65

TOTAL LIABILITIES ₱494,316.10 ₱845,584.83 ₱1,375,139.69

DOLE GRANT ₱250,000.00 ₱250,000.00 ₱250,000.00

Equity
Members Contribution ₱63,995.00 ₱63,995.00 ₱63,995.00

Income ₱263,477.90 ₱350,320.18 ₱440,876.72

Total Equity ₱327,472.90 ₱414,315.18 ₱504,871.72

TOTAL LIABILITIES, GRANT & EQUITY ₱1,071,789.00 ₱1,509,900.01 ₱2,130,011.41

VI. Stakeholders’ Commitments

The members of FS Catanico Bajaj Operators Drivers Workers Association are responsible and willing to
give their commitments to support to the best of their ability to make this business operational and
profitable. As members of the organization, it is their commitment to protect the interest of the
organization and to promote increase and growth by exercising their rights and functions and also
patronizing its programs and services. As an association, we commit to implementing the said project with
full cooperation and support. We further commit to adhere to all rules and regulations that will be
imposed by the Department of Labor and Employment and its Accredited Co-Partner relative to this
Project.

Page 13 of 14
 FORMATION

Submitted by:

ALVIN DABLO REQUINTOSA

President

Page 14 of 14