Collective OFW Remittances & Other Businesses

OFW’s RE-INTEGRATION

Presented by: Marc N. Quiminales Chairman – SMPC BOD Member – SANDIGAN Co-Chairman – WWC Resource PMES Lecturer authorized by Rep. Cris Paez - COWA through Atty. Niel Santillan – CDA Exec. Director

INTRODUCTION EPKSA OFW remittances:

100%: (1,000SR) 10,000Ph/Mox400,000= 48,000,000,000.00Php 25%: (1,000SR) 12,000,000,000.00Php

OFW Cooperatives Federation (OCF) Background: EPKSA Registered Primary Cooperatives shall be

business partners to enhance the OFW Re-Integration Program through Coop R.A. 9520

Mission statement: Secure the OFW Re-Integration thru the OFW remittances and members Capital Build-Up Capital contributions, a self-help sustainable socio-economic development businesses owned, managed and controlled by OFW’s and their dependents.

OCF Logo

PROJECT SUMMARY & BENEFITS 6 MONTHS

Coop PMES & Livelihood seminars Assist registrations of OFW Coops and the OCF.

1st YEAR Capital Build Up (CBU) @ 50-100SR/Mo for 1 Year Invest CBU in 1 year TB Fund Portfolio Secure license of the Remittance System Portfolio

2ND YEAR and Beyond Start KSA-Phils OCF Remittances Develop the OFW Village

PROBLEMS/CONCERNS Problems that the Project may encounter.

Mindset: Ngingas Kugon, Crab Mentalities, Self-Interests, Non-Focus, Double Masks, Non-Commitment – EDUCATION - PMES, Trainings, Trainings, Trainings

Database: No Master Directory & Collections Process – MS Access, Website, Serialized OR for the Collection Process, Transparency Weekly/Monthly Reports,

Trust: Years of failures - Good Governance, Regular Audit Problem Statistics.

1980: 75 ACP’s, 400+ OFW, 1986 OFW Bank, Re-integration

2000: 9M OFW, 23B $/yr Remittances

Illegal Recruitments, Unpaid Medical/Insurances Benefits Displaced OFW’s, unemployment with low compensation Perpetual OFW deployment 3,000+ everyday

OBJECTIVES SMART Project Objectives.

7,200,000,000 Php (15% EPKSA OFW Capital Build-Up) 300,000,000 Php Natl. Coop Bank Capital 8,500,000 Php (850,000 SR) SAGIA Capital

OFW Coop Federation (OCF) OFW Legacy for 50 years+

Project Objectives address the problems you have identified. COOPERATIVISM: establish the OCF to collective support the

common bond interests, voluntary OFW re-integration to own, manage, control the social-cultural-economic needs by patronizing its products and services equitably share the capital required and share the risks and profits according to accepted international cooperative guidelines/procedures.

KEY BENEFITS Key Benefits of the Project.

SHORT TERM: Shares Int. & Patronage Refund Shares & Patronage Refund (Remittance & Bank Sys) Avail Insurances: Medical, Life, Properties Recruitment Referrals: Job Placements

LONG TERM: Re-Integration in OFW Villages Financing & Insurance Benefits Secured Medical Services Avail Accredited Training Centers One OFW Family Housing Retirement Complex

PROJECT ACTIVITIES SHORT TERM:

6 Months PMES and Livelihood Seminars & registrations of OFW Coop & OCF with CDA

Publish OCF website and full media coverage Create, Collect Shares & Publish Database 1 Year OFW Capital Build-up: 50-100 SR, OCF

organizational, establish the OFW remittances, execute Good Governance, Auditing & Transparent Reporting, OCF Member trainings in Pinas.

Global expansion of OCF Membership LONG TERM:

Development of OFW Village Business Complex

PROJECT TIMETABLETasks Description Start & Completion

2Q 3Q 4Q 2012 2013

Remarks

Phase 1 PMES, Trng. Mar Sep Project Info

Phase 2 OCF/Coops May CDA

Phase 3 Cap. Build-Up Aug Aug 15-25%

Phase 4 Bank Regist. Aug CB, SAGIA

Phase 5 Bank Optn 3Q Stds-Cont.

Phase 6 OFW Village Facilities

SHORT TERM: Projects Budget

Resource Budget

Personnel 10,000,000.00

Technology 100,000,000.00

Distribution 10,000,000.00

Promotion 50,000,000.00

Facilities 100,000,000.00

Capital 200,000,000.00

Total Cost 470,000,000.00

Resource Budget

Personnel 250,000.00

Technology 100,000.00

Distribution 100,000.00

Promotion 100,000.00

Facilities 2,500,000.00

Capital 5,000,000.00

Total Cost 8,500,000.00

Remittance Agency Remittance Bank

Short Term Project Budget (15% OFW EPKSA): 7,200,000,000.00 Php

OCF Basic Org. Structure

5 5 5 5 5 5

EVALUATION Quality Assurance During Project Development.

Seminars & PMES Membership Drive – Database OFW Cooperatives Registrations – CDA & OCF Membership Weekly Capital Build-Up Reporting – Software Development ATM ID System for OCF Members – (NEC, MegaLink or G-Cash) Audit Monthly/Quarterly - Administrative & Finance CBU,TB Fund Media coverage on activities – TFC, Radio, Newspaper, Online

Evaluation Methods upon Project Completion. CDA External Audit after OCF Fiscal Year – CDA CGS Certificate Business Development – review OFW CBU vs OCF Capital

Actions Results of Assessments and Project Evaluation. Issue Shares Certificates to OCF Members OCF Financial Standings post in website Roll-out OCF Long Term Projects by Regions to support OCF Mem OCF Media, Flyers, Sponsors, FB, Twitter, YG marketing

ENDORSEMENTS As of March 2011

Cooperatives SMPC SANDIGAN UREMCO OFC-EP Bohol etc

Individual & Civic Groups Labatt Des Dicang 75 ACP’s – POLO-ERO FILCOM – Riyadh/Jedh Pinays Assn. – Korea 10 ACP’s – Bhahrain ACP’s – Kuwait ACP’s – DUBAI ACP’s - QATAR

http://ofwcoopfederation.weebly.com/index.htmlWebsite:

Yahoo Group:

Facebook: post or create account

Tweeter: post or create account

Subscribe: OFW_Cooperatives_Federation-subscribe@yahoogroups.com

TFC Coverage: request for every events, meetings, seminar, forums

Newspaper: post for major events

Flyers, Calling Cards to be distributed… and follow-up text messages

QUESTIONS?

Credit Consumers Producers Marketing Service Multi-Purpose

Types of CooperativesR.A. 6938/R.A. 9520) • Advocacy

• Agrarian Reform - BARC

• Cooperative Bank - OCF

• Dairy – REGION 8

• Education

• Electric

• Financial Service - OCF

• Fishermen

• Health Services - OCF

• Housing - OCF

• Insurance - OCF

• Transport - OCF

• Water Service

• Worker - WWC

• Other Types