ECONOMIC SURVEY

OF
Urban Rays Energy Producers’ Cooperative
(Name of Cooperative)

BACKGROUND ;

Urban Rays Energy Producers' Cooperative was established to address the growing need for
sustainable and affordable energy solutions in Misamis Oriental, Philippines. Recognizing the
province’s significant dependence on traditional energy sources, the cooperative aims to
promote renewable energy, particularly solar power, as a viable alternative. With a focus on
installing solar panels on residential, commercial, and industrial buildings, Urban Rays Energy
seeks to empower local communities and businesses by reducing their reliance on fossil fuels,
lowering electricity costs, and contributing to environmental sustainability. The cooperative
operates across key cities and municipalities in the province, including Cagayan de Oro, Opol, El
Salvador, and Villanueva, ensuring broad access to clean energy.

RATIONALE ;

The rationale behind forming the Urban Rays Energy Producers' Cooperative stems from the
urgent need to transition to renewable energy sources to mitigate the impact of climate change
and rising electricity costs. By adopting a cooperative model, the initiative ensures that local
communities have shared ownership of solar energy infrastructure, which not only provides
economic benefits but also fosters a sense of collective responsibility towards sustainable energy
use. The cooperative’s business model is designed to offer affordable solar panel installations
and energy-sharing systems, enabling both residential and commercial members to contribute to
and benefit from renewable energy production. This approach supports national and global
efforts to reduce carbon emissions while improving energy independence for the region.

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 (Specify)

B. Office Address of Cooperative: Johndorf, Barra, Opol Misamis Oriental, 9016

(No., Street, Bgy., Town/City, Province)
C. Area of Operation: Barangay Municipal/City Provincial
Regional National

D. Common Bond of Membership: Residential Institutional

Occupational Associational
E. Composition of Members:
Farmers Indigenous Community Youth
Fisherfolks Disabled Women
ARB’s Rebel Returnees OFW’s
Workers/Employees Others (Specify) All individuals residing in region X
15
F. No. of Founding/Organizing Members:

G. Projected Increase of Membership for:

First Year : 20 to 50
Second Year : 50 to 100
Third Year : 100 to 150

H. Authorized Capital P PHP 4,500,000

Subscribed Capital P PHP 1,125,000
Paid-up Capital P PHP
PHP 281,250
4,500,000
PHP 4,500,000
PHP 100
Par value P
PHP 4,500,000
I. Is the proposed cooperative previously Registered with? : SEC DOLE
Others, specify

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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: .

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 (please specify) .

3. Are you intending to transact business with

a) members only b) members and non-members

4. What business activities the Cooperative plans to undertake during the first three years of
its operation:
First Year:
The cooperative will focus on establishing its operational foundation by offering solar panel
installations to residential households and small businesses across key urban areas like
Cagayan de Oro City and Opol. The cooperative will prioritize raising awareness about
renewable energy and actively promote its solar solutions to encourage early adoption.
Additionally, it will establish partnerships with local government units (LGUs) and businesses
to secure initial contracts for solar installations.

Second Year:
The cooperative will expand its services to medium-sized commercial establishments and
industrial clients in areas such as Villanueva and Tagoloan. This will include tailored solar
energy solutions for industrial parks, manufacturing facilities, and larger commercial
operations. The cooperative will also begin offering energy storage solutions, such as solar
batteries, to enable businesses and households to store excess energy for use during periods
of low production.

Third Year:
Extend its services to rural communities and smaller urban centers such as Lugait,
Manticao, and Alubijid. The focus will be on promoting solar energy in less-developed areas,
ensuring equitable access to sustainable energy. The cooperative will enhance its energy-
sharing and distribution systems, facilitating agreements between members for efficient
energy use and redistribution. It will also offer maintenance services, educational programs,
and technical training on solar panel management, ensuring that both members and the
general public are equipped with the knowledge to support long-term solar energy use.

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 (Revolving
Capital)
Acquisition of Loans/borrowings
Solicitation/acceptance of donations, subsidies, grants, etc.
Fund raising activities

b. How much is the Cooperative’s initial operating capital? PHP 4,500,000 .

c. Strategies for internal capital build-up. Share Capital Contribution, Retention of
Surplus Earnings, Deferred Payment of Patronage Refunds and Interest.

2. Revenue
Projected revenue based on the initial operating capital.
First Year : PHP 5,800,000 .
Second Year : PHP 9,000,000 .
Third Year : PHP 13,500,000 .

3. Expenditure
How much is the estimated expenses, for:
First Year : PHP 4,300,000 .
Second Year : PHP 6,900,000 .
Third Year : PHP 10,000,000 .

4. Investments
Does the Cooperative intend to invest in the following?
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 Cooperative bank Mutual
Federation Insurance
Joint ventures Others (specify)

C. Technical Aspect

1. What equipment/machineries/facilities are deemed necessary for the effective and efficient
operation of the Cooperative? (please check)

Typewriter Medical Instruments

Computer Warehouse
Tables Milling
Chairs Farm Equipment
Calculator Post Harvest Equipment
Vault/Safe Solar Dryer
Filing Cabinet Fishing Equipment
Others (specify) Solar Panels

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 2. How would the Cooperative procure its equipment/machineries/facilities?
Cash purchase Other mode/s (specify)
Loans
Donations

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

equipment/machineries/facilities?
 Solar Installation Technicians and Engineers
 Energy Storage and Battery Technicians
 Electricians
 Maintenance and Service Technicians
 Administrative and Office Staff
 Sales and Marketing Team
 Financial and Accounting Personnel
 Project Managers

D. Organizational Structure/(attached organizational chart)

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?
 Experience or education in renewable energy, preferably solar energy systems.
 Background in finance, accounting, or business administration.
 Familiarity with cooperative laws, bylaws, and governance structures.
 Background in policy development and organizational planning.
 Strong interpersonal communication skills for engaging members and stakeholders.
 Ethical Leadership and Integrity
 Experience in Risk Management

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

STATUS OF MINIMUM EDUCATION MONTHLY

POSITION NAME
APPOINTMENT EXPERIENCE/TRAINING COMPENSATION
 Bachelor’s degree in
Business
Administration,
Management,
Manager Rejeanne Mae Juson Teodora Driver's License Renewable Energy, or 50,000 - 80,000
a related field.
 At least 3-5 years of
experience in a
managerial role
 Bachelor’s degree in
Accounting, Finance,
or a related field.
 At least 2-3 years of
Accountant Royce Vincent D. Araoarao Passport experience in 30,000 - 50,000
accounting, preferably
in a cooperative or
energy-related
industry.
 Associate’s degree or
diploma in
Accounting, Finance,
or a related field.
Bookkeeper Shakira Tiffany D. De Dios UMID Card  1-2 years of experience 20,000 - 30,000
in bookkeeping,
preferably in a
cooperative or small
business.
 High school diploma
or vocational course in
accounting, finance, or
related fields.
Cashier Franz Noviel A. Amamio UMID Card 15,000 - 25,000
 1 year of experience in
cashiering, handling
cash transactions, or in
a financial role.
 High school diploma
or vocational course in
business, finance, or
related fields.
Collector Ameree Omandam Voter's ID 15,000 - 25,000
 1-2 years of experience
in collections, credit
management, or
customer service.
 High school diploma
or equivalent.
Sales Clerk Chandler P. Galendez Driver's License 15,000 - 25,000
 1-2 years of experience
in sales, customer
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 service, or related
fields.
(Permanent, Contractual, Full-time, Part-time, Volunteer, etc.)

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

a) Members
 Solar Energy Awareness and Training
 Financial Literacy
 Member Engagement and Participation
 Workshops on sustainable living, energy conservation, and minimizing carbon
footprints at home and in the community
b) Officers
 Cooperative Governance and Management
 Financial Management and Reporting
 Conflict Resolution and Mediation
 Project Management

c) Staff
 Technical Training
 Customer Service and Sales Training
 Health and Safety Training
 Professional Development

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

a) Audit
Chairmen: Royce Vincent D. Araoarao
Members: Jame Marie C. Macabangkit and Diana April Amoy

b) Credit
Chairmen: Rejeanne Mae Juson Teodora
Members: Sherliza Marie N. Alvarez and Dashiel Poblete Gumahin

c) Election
Chairmen: Shakira Tiffany D. De Dios
Members: Piel E. Almonia and Monique C. Baranda

d) Education & Training

Chairmen: Ameree Omandam
Members: Alvin Kyle T. Yana and Julia Ruby H. Azucena

e) Mediation/Conciliation
Chairmen: Chandler P. Galendez
Members: Janica Nicole D. Rañada and Franz Noviel A. Amamio

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.

Rejeanne Mae Juson Teodora Royce Vincent D. Araoarao Jame Marie C. Macabangkit
Chairman BOD Member BOD Member

Shakira Tiffany D. De Dios Sherliza Marie N. Alvarez

BOD Member BOD Member

Subscribed and sworn to before me this 16th day of October, 2024 I, Cagayan de Oro
City, Misamis Oriental, Philippines above affiants exhibiting to me their valid proof of identity:

Names Proof of Valid Identity Office & Place of Issue

Royce Vincent D. Araoarao Passport DFA, Cagayan de Oro City

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 Jame Marie C. Macabangkit Driver's License LTO, Cagayan de Oro City
Shakira Tiffany D. De Dios UMID Card SSS, Cagayan de Oro City
Sherliza Marie N. Alvarez Passport DFA, Cagayan de Oro City

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.

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