The presentation summarizes the history and operations of Sorosoro Ibaba Development Cooperative over 42 years, starting as a sari-sari store and growing to include agriculture, livestock, retail stores, financial services and more. It discusses the cooperative's financial performance, emphasis on members' economic and social welfare, and vision for continued growth through diversification, innovation and empowering members.

1. Stories Unfold: Managing A
Cooperative Enterprise
presentation on the
1st Luzon-wide Cooperative TEAMshop
April 30, 2011
Presentation of RICO B. GERON
General Manager, Sorosoro Ibaba Development Cooperative

2. Sorosoro Ibaba Farmers Association
Looking Back… Moving Ahead
 Started as Sari-sari store
on March 19, 1969 with
P11,800 capital at Brgy.
Sorosoro Ibaba,
Batangas City
 Incorporators - 59
founding members

3. Ave. production:
9,000 bags daily
hogs, poultry, fish
feeds
mash and pellet feeds
semi-computerized
with mechanized corn
storage
Feedmills

4. known as paiwi system
fatteners
Stocks, Feeds, Veterinary
Services & Marketing
Equal Sharing in Profit
Patronage Refund
Loan for Pig Pen
Contract Growing

5. Savings and Loans
Deposits
 Accepting deposits from
members
 P150M deposits from members
Loans
 Cash Loan (STL, MTL, LTL)
 Hog Fattening Program
 Hog Breeding Program
 Housing Loan
 Car Loan Program
 Rice Production Loan
 Secured by collaterals

6. Artificial Insemination
Ensures high quality
piglets
Cost Efficient
Maintaining high grade
boars
Supervised by qualified
technicians

7. 850 sow level piglet
multiplier farm
Taysan, Batangas
Hi-grade sows and
boars
first-class facilities
Pig Farm

8. Communal Farm
With capacity of 1,130
heads hog fatteners
Provides members of hog
pen, stocks, feeds and
veterinary products &
services

9. Hog Selling Pen
Speeds-up sales of
hogs
electronic weighing
scale
Prevents spread of
diseases
Selling pen fees

10. CoopMart
wide variety of
merchandise at
affordable prices
Members with
assigned Code
Numbers
Patronage Refund
30 day credit

11. SIDC Mindoro Branch
 Consumer store
wherein basic
household needs are
available including
agricultural inputs
 milling capacity –
220 sacks of palay a day

12. Slaughterhouse
 Batangas City
government awarded
the management of
Batangas City
Slaughterhouse
 An average of 150
heads were
slaughtered everyday

13. CABLE TV
Satellite Master
Antenna
Television
Deferred
Payment of
monthly
subscription fee

14. Gasoline Station
 Offers coop products, rice,
groceries, auto supply and
gasoline products to regular and
associate members
 Other services that can be
availed by members are washing,
greasing, vulcanizing, change oil
and battery charging
Offer vehicle insurance & other
non-life insurance
 Accepting deposits and
extending loans to members

15. SHELL Gasoline Station
 Located at Pinamalayan,
Oriental Mindoro
 Offers gasoline
products, auto supply
and coop products
 With savings & loans

16. Meat Processing
 Develop processed meat
products from the hogs
produced by coop
members (tocino,
smoked and skinless
longganisa , siomai, ham,
sisig, & barbeque)

17. Farmer Vic Meatshop
 Located at Muntinlupa
City
 Caters to Wet Market,
Institutions, and End
consumers
 Offers SIDC’s Fresh and
Processed Meats, SIDC
Rice, and groceries
 Patronage Refund

18. Water Refilling Station
 Safe Purified Drinking
Water using Reverse
Osmosis
 Free use of hot and cold
dispenser for 5
containers per week
 Patronage refund
 Free delivery to covered
areas

19. BIO-N Fertilizer
 Ang BIO-N ay
organikong pataba para
sa mais, palay at gulay
 Ito ay pulbos na may
timbang na 200 gramo
at naglalaman ng
dalawang uri ng
bakteryang buhat sa
ugat ng Talahib.

20. SIDC Nueva Ecija Branch
 With Minimart,
Savings & Loans,
Restaurant,
Meatshop &
Contract Growing

21. Layer Farm
 Located at Balanga
Ibaan, Batangas
 with 75,000 heads
of layers

22. 6 to 9 Store
 Store operated
by members
 Store and stocks
to be provided by
SIDC

23. Covered In-Ground Anaerobic Reactor
(CIGAR) Biogas Digester

24. Biogas supply electricity
to SIDC Main Office Building

25.  Annual Sales P3.597Bn
 Return on Equity 13.78%
 Fixed Asset Turnover 6.6 times
 Net Profit Ratio 4.30%
Show me the figures

26. More Figures
 Operating Income ROI 14.19%
 Past Due Rate (loans) 2.18%
 Cash Conversion Cycle 28 days

27. Personality Development
Shared ownership
Assumed Role
Pledged Commitment

28. Establishing a Character
Internal control
Mechanism
Transparency
Credibility
Recognition

29. Growing Pains
Integration
◦Backward
◦Forward
Need to find our strengths

30. Dare to be Different
 Diversification
 Responding to the Clients’ Demands

31. Life Cycle
 Continuous Process
 Interdependence
 Empowerment

32. COOP
Coop
Business
Members
S u r p l u s
Patronage Refund
Interest on Capital
Health Benefits
Mortuary Benefit
Scholarship
Community Fund

33. Plot The Curves
 Economic Viability
 Social Relevance

34. Economic Viability
and Social Relevance Curves
Social Relevance
EconomicViability
(Profitability)

35. Economic Viability
and Social Relevance Curves
Social Relevance
EconomicViability
(Profitability)

36. Economic Viability
and Social Relevance Curve
Social Relevance
EconomicViability
(Profitability)

37. Paint the Future
Let’s not Rest on
Our Laurels
Follow our Dreams

38. Quotes to Live by
 The future belongs to those who believe
in the beauty of their dreams
– Eleanor Roosevelt
 There are no great men, only great
challenges that ordinary men are forced
by circumstances to meet
– William F. Holsey
 A man never stands as tall as when he
kneels to help a child
– The Knights of Pythagoras

39. “Most people think of future as the ends
and the present as the means,
whereas, in fact,
the present is the ends
and the future the means.”
(Fritz Roethlisberger, 1954)

40. Sail on … do not anchor there
Thanks for listening!