JOLLIBEE FOODS ORGANIZATION COOPERATIVE
JFC-Coop started out its procedures on 04 19, 1988. This was signed up and founded by 15 Incorporators (all employees of Jollibee Foods Corporation) while JFC Employees' Consumers Cooperative, Inc., using its Head Office located at Culmat Bldg., Elizabeth. Rodriguez Ave., Quezon Metropolis. The coop started with the primary purpose of helping associates augment their particular income while using daily expenditures that they fees, by lending small loans, and at the same time selling consumer things and food stores.
The idea of setting up a Cooperative within the firm was came up with, thus, the JFC вЂ“ ECCI (Jollibee Foods Corporation вЂ“ Employees' Consumers Supportive, Inc. ) was formed.
2. April 18, 1988 вЂ“ the Jollibee Foods Company вЂ“ Employees' Consumers Cooperative, Inc. was registered towards the Cooperative Creation Authority
1988 вЂ“ 1991
2. During their 3rd Standard Assembly, the BOD reported, for the first time as its Incorporation, the COOP authorized a positive net income
5. Issued it is first Inventory Certificates to the members
* The COOP transformed its name from Jollibee Foods Employees' Consumer's Cooperative to Jollibee Foods Employees' Multiple Purpose Cooperative
1998 вЂ“ 2150
* The COOP launched new bank loan products, such as the JED Bike Acquisition Plan, Tulong social fear Hanap Buhay Program, Housing Loan, plus the COOP Casing Equity
* A savings center the COOP Premium Account Program (to be after called Superior Savings Fund)
2. First time the fact that COOP carried out a Business Planning Seminar to aid members in the preparation of your Business Plan among the requirements in applying for a livelihood loan
* This period registered the COOP's highest growth of Total Assets in terms of percentage, which will increased simply by 59% by P11M in 1998 to P27M in 1999.
* Greenwich and Chowking were made part of the JFC-Coop Family
* JFC вЂ“ Coop kept its first ever Coop Planning together with the BOD and Administration Staff. During this meeting, they were able to make the COOP's Vision/Mission, plus the path which the BOD would really like the COOP to follow. They also tackled everything about membership, HOUSE financial assertions, and the suggested amendments of Articles and By-Laws.
5. Delifrance joined the developing network of JFC вЂ“ Coop Friends and family
* Operations were computerized, taking on a system that made the Coop orders faster and more efficient.
* The Coop successfully made it is first ever вЂFund Transfer' Deal, wherein proceeds of the loan availed by the member had been transferred to their payroll accounts via electric transfer.
* Total Deposits by means of Member's Financial savings went up by forty percent, from P12. 3M in 2001, to P20. 5M in 2002
* Total Member's Capital Talk about almost bending, with P23. 2M in 2001, to P40. 4M in 2002, or a rise of 43%.
5. Total Possessions increased by 32% via P57M in 2001 to P84M in 2002.
2. The HOUSE marked it is 15th Wedding anniversary highlighted simply by different actions, such as control fair, fun walk, sustenance seminars, and Star Search.
* Taking place a Graduation Party to get 23 kids sponsored by COOP in its supplemental Nourishing Program, consistent with COOP's thrust to assist charity causes, making use of earnings from fund bringing up activities that members wholeheartedly support.
* The COOP welcome Franchises being members of its firm.
* The COOP has been produced the honor of being named as one of the Ten Greatest Performing Cooperatives in Pasig City for 2003 away of about eighty cooperatives listed in the town. Our House is known as one of the best when it comes to membership generation, share capital build-up, personal savings mobilization, and community outreach programs. The award was given on the celebration of the Supportive Recognition and Awards Nights the City of Pasig previous November doze, 2003 in Pasig Town Hall
* COOP's total asset...
Cited: 5. Total Assets reached the P280M draw or a rise of 10%, with the total Member's Capital Share achieving P111. 30M, from P78. 7M the prior year, a rise of 29%.