Economic Survey

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ECONOMIC SURVEY

of
Savings Group Aklan Credit Cooperative (SAGA)

I. GENERAL INFORMATION

A. Type of Cooperatives

Credit

B. Office Address of Cooperative: Ilaya, Ibao Lezo, Aklan Region VI


(Western Visayas)
C. Area of Operation:

Provincial

D. Common Bond of Membership

Residential

E. Composition/Field of Members

Working and/or residing in the area of operaion.

F. No. of Founding/Organizing Members: 15


G.
Authorized Capital : 240,000.00

Subscribed Capital : 60,000.00

Paid-up Capital : 15,000.00

Par value : 100.00

II. ECONOMIC ACTIVITIES

A. Proposed Nature of Business

The proposed cooperative will engage in generating funds and extending


credit to the members for productive and providential purposes.

B. Sources of Initial Capital


X - Share Capital Subscription

X - Acquisition of Loans/borrowings

X - Solicitation/acceptance of donations, subsidies, grants, etc.

X - Fund raising activities

X - Others (specify) Savings/CBU


C. Organizational Structure

General

Audit Board of Director Election


1. Dellova, Orlando Oloya
2. Dellova, Arlene Asenjo
3. Iledan, Virginia Candelaria
4. Cuadernal, Roel Concepcion
Committee 5. Luchin, Anecita Ramos
Committee

Treasurer
1. Salvador, Elma Cordovero

Secretary
1. Oreta, Michelle Ong

Credit Education Med-Con Ethics GAD Other


Committee Committee Committee Committee Committee Committee
1. Arevalo, 1. Dellova, 1. Castro, 1. Luchin, 1. Luchin,
Janet Arlene Rowiel Shenah Anecita
Quiros Asenjo Arias Jane Ramos
Ramos

Management
Staff
D. Staffing Pattern

STATUS OF MINIMUM EDUCATION MONTHLY


Position Name APPOINTMENT EXPERIENCE/TRAINING COMPENSATION

Bookkeeper Ricablanca, Permanent - BSC Major in 5,000.00


Maria Paz Management
Magno Undergrad/Taking
Short Term on
Business Management
in Singapore - 10 years
OFW, 1 year and 5
months account
officer/8 years and 9
months unit manager -
Lifebank Foundation,
Inc.

Cashier/treasurer Arevalo, Part-time - Associate in 8,000.00


Janet Computer Science - 2
Quiros years Singapore/6
Years Hongkong - Self
Employed, 5 years on
business ( Taxi
Operator) - Boiler
Chicks for 5 years -
Buy and Sell Palay for
2 years

Cashier/treasurer Salvador, Part-time 5 years OFW in Taiwan 10,000.00


Elma
Cordovero
STATUS OF MINIMUM EDUCATION MONTHLY
Position Name APPOINTMENT EXPERIENCE/TRAINING COMPENSATION

Manager Dellova, Part-time Course: Bachelor of 5,000.00


Jesse Science in Electrical
Lemuel Engineering, Less than
Asenjo a year of experience.
Name of Company:
Hyatt Industrial and
Manufacturing
Corporation, Currently
employed

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.

Dellova, Orlando Oloya Dellova, Arlene Asenjo


Chairperson Vice-Chairperson

Iledan, Virginia Candelaria Cuadernal, Roel Concepcion Luchin, Anecita Ramos


Director Director Director

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.

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