01:13.8
It's high time to get to know cooperatives well and see what opportunities lie ahead in terms of investments.
01:20.8
Joining us is an expert in financial education and cooperatives.
01:25.6
Having formed his own Social Enterprise Development Partnerships or SED-B, which quickly grew as it embraced microfinancing, financial education and social entrepreneurship.
01:39.6
With over 20 years experience in social enterprise, he has been invited as a speaker in international conferences including Asia and Europe.
01:49.0
He also authored a book on financial literacy called Learning or Earning Wealth?
01:54.8
Successful Strategies.
01:55.4
Strategies in Money Management.
01:58.2
Please welcome Ariel Vincent Rapisura, President and CEO of SED-B.
02:03.8
Salamat sa pagpapaunlak sa amin din.
02:06.7
Thank you, thank you, Cesar.
02:08.5
At maraming salamat din sa invitasyon para sa pag-guest dito sa Open for Business.
02:13.4
Last time that we saw each other was in a pag-ibig event.
02:16.7
And I think you were representing SED-B and you were promoting what's good for the cooperatives when it comes to pag-ibig.
02:25.4
Tell us more on the SED-B initiatives as far as pag-ibig is concerned.
02:30.3
In SED-B, what we do talaga is promote what we call social investments.
02:35.5
Ito yung tayo ay nag-i-invest with the heart.
02:38.7
Hindi lang puro profit yung tinitignan natin, pero dapat at the same time nakakatulong tayo sa lower income segments or nakakatulong din tayo sa environment.
02:48.4
That's the difference.
02:49.5
We're focused actually on social investments.
02:51.6
And that's where pag-ibig comes in.
02:54.1
when we save in pag-ibig, that's going to be used for housing.
02:59.0
And housing is one of the challenges natin mga Pilipino.
03:02.3
There's about 6 million backlogs in housing.
03:05.0
And that's the same with the cooperative sector.
03:07.5
When we save in the cooperative sector, the money will be used to support farmers, mga nano and micro enterprises, and small businesses.
03:17.6
If you place it in commercial banks, the tycoons will have your money.
03:24.1
Okay, but if you place it in where?
03:27.2
Yeah, in pag-ibig MP2 or in cooperatives, it will benefit the local economy.
03:32.1
It will promote local economic development.
03:34.4
So, bottom of the pyramid talaga.
03:36.8
Now, Vince, siguro para sa mga gustong makaalam pa, ano ba ang pagkakaiba ng enterprise sa social enterprise?
03:47.7
Marami kasing pag sinasabi mong yung iba, social enterprise, ah, ano na to?
03:54.1
May sinasabi nila, ito yung may puso.
03:56.0
But you mentioned somehow na mas nakakatulong ito sa nasa laylayan ng pipunan, sabi nga nila.
04:02.0
So, when you say social enterprise, what exactly it is?
04:05.1
Yung social enterprise is really not just focused on profitability, pero it also has a social and environmental agenda.
04:13.8
So, hindi tayo nagde-decide ng mga business decisions.
04:17.7
Yung mga business decisions that we make, we make sure that these are not oppressive.
04:22.8
We make sure that this will not destroy the environment.
04:26.0
So, for example, magpibisnes tayo, ano?
04:28.3
Kikita nga tayo ng malaki dyan, kung parang pagkain yan, pero nakakasira naman sa health.
04:33.3
Maraming preservatives, maraming mga unnatural ingredients.
04:39.0
Then, you're not really doing your customers good.
04:43.0
So, in social enterprise, dapat yung mga decisions natin, hindi lang sa kikita tayo.
04:46.9
Tayo dapat nakakatulong at tayo din dapat ay nagpipreserve ng environment.
04:51.4
So, that's the main difference.
04:53.1
And the main criteria para makita natin talaga yung totoong social enterprise is to see how the corporation or the business uses its profit.
05:07.0
So, kung yung profit niya ay dinidistribute lang niya sa mga kapitalista, kasi yun yung mode, di ba?
05:14.5
Hindi siya social enterprise.
05:16.4
That's where the cooperative sector would come in again.
05:18.5
Because yung cooperatives, ang owners niyan ay yung mga members.
05:22.8
So, kapag nag-declare ng dividendo, yung kooperatiba, yung members ang makikinabang.
05:29.5
So, marami yung makikinabang, hindi lang yung ilan.
05:32.9
Pero, pwede naman sabihin din ng mga malalaking korporasyon, sabi mo nga, ng tycones,
05:38.9
sabi nila, eh, meron din naman kaming social purpose.
05:43.5
We also have this heart for the society and we give back to the society.
05:51.0
But if you ask them whether they would do...
05:52.8
If it's not profitable, they won't.
05:56.3
But social entrepreneurs will.
05:58.7
Kasi yung social mission and environmental agenda is equal to the profitability.
06:05.4
O, kunwari, sabihin natin yung mga big corporations,
06:08.6
o, can you go into this market pero break-even ka lang?
06:14.0
So, social enterprise, pwede yun.
06:17.5
But, di ba, based on SDGs, di ba, United Nations, parang 17 ba yun?
06:22.8
You know, with that 17, even the largest corporations now have special reports on this impact to the planet, environment.
06:32.6
So, how would you explain that?
06:34.3
Actually, good yun, no, that they're trying to adopt it.
06:38.1
Pero there's also plenty of studies that the report is just there for compliance.
06:42.5
Actually, may term nga, eh, na ginagamit dyan.
06:44.6
It's greenwashing.
06:46.0
They're saying na, oh, they're environmentally sound.
06:48.5
Pero actually, when you dig deeper, hindi talaga.
06:50.5
There's also an accounting system that...
06:52.7
does this, pero those who are in the consulting world, sinuri nila kung tama ba yung reporting nila
06:59.0
on governance, environment, and the social side, hindi pa rin talaga nagmamaterialize.
07:04.8
So, it looks nice on paper, but in reality, hindi siya okay.
07:08.8
So, parang lip service lang, parang gano'n.
07:11.1
Gray mo, ah, parang medyo maganda lang sa report.
07:14.1
Hindi ba, Vince, marami kang nakakaaway ng mga malalaking kapitalista dahil sa iyong mga pananaw?
07:20.0
Oo, actually, ang ginagawa ko is,
07:22.7
to try to make them understand that if you take care of your market,
07:28.4
and if you make your practices more sustainable, it's actually more profitable.
07:32.9
I'll give you an example.
07:34.4
During the pandemic, we're into, ano, no, the cooperative sector, so we do financing.
07:38.3
Pero yung financing namin sa SEDP is not through loans.
07:41.9
Kasi when you talk about financing, parang, ah, nagpapa-utang ka, no, gano'n yung pumapasok.
07:46.5
So, sa amin, we shifted the paradigm.
07:48.4
Instead of a creditor-debtor relationship, yung ginagawa ng cooperative,
07:52.7
namin, what we do is, sabi namin, hindi, we're business partners.
07:56.9
So, we call them kanegosyo.
07:58.5
Kasi pagkakaiba nun, pag nagpapa-utang ka, may nagbabayad.
08:02.6
So, ito naman, kapag business partner, malugi ka, malugi kayo pareho.
08:07.4
Malugi kami pareho, at ang mas mahalaga sa amin ay,
08:10.6
tutulungan ka namin, humanap ng paraan para makabangon ka ulit.
08:14.2
Because kapag tutulungan ka namin na makabangon ulit,
08:17.2
e di masaya, marami akong kliyente.
08:19.5
Yung iba kasi, yung traditional financing kasi,
08:22.7
is, ah, delinquent ka na.
08:24.5
Yun yung tawag nila dyan.
08:26.2
Pag delinquent ka, hindi ka na nagbabayad.
08:28.3
Hindi ka na nagbabayad.
08:29.4
Tapos, ano na, sisingilin na yung, ano sa'yo,
08:31.6
mag-foreclose ka na nila.
08:33.5
Maiilit na yung mga properties mo.
08:36.3
So, nahihirapan ka na magbayad ng utang,
08:38.8
ibabaon ka pa nila.
08:40.4
That's the traditional, conventional finance.
08:43.5
But sa amin, what takes precedence is yung tao.
08:46.7
Yun yung importante.
08:47.6
So, hahanap kami ng paraan para makabayad siya.
08:50.6
During the pandemic also, what happened?
08:52.4
Was, di ba, ano tayo, nag-lockdown.
08:55.0
Kami, hindi na kami nag-charge ng interest
08:57.5
during the period na nag-lockdown.
09:00.4
Kasi, most of the, if not all, no,
09:03.2
the financing companies,
09:05.7
sinarge pa rin nila ng interest yung mga may utang.
09:08.0
Maski yung mga mahihirap, sinarge pa rin nila.
09:11.7
So, ako sabi ko, ayokong ikayaman.
09:15.9
Kahirapan ng iba.
09:17.1
Kahirapan ng iba, di ba?
09:18.9
It's precisely that. Ayoko yun.
09:20.1
So, sabi ko, we're not going to collect.
09:22.4
We had a hit of about, in those two and a half months,
09:25.7
siguro, mga, ang losses namin ay umabot ng 16 million.
09:31.7
Yun, yun, ito na ang tanong ko.
09:33.1
Yung iba, kasi, parang they did good,
09:36.3
and then, eventually, it did well for them.
09:38.9
Ano yung napalanin nyo doon?
09:40.7
If your losses during that time was about 16M, what happened?
09:44.6
So, nabalitaan sa community na,
09:46.8
ah, yung ano na to, yung SEDP,
09:49.5
o yung SEDP ka-negosyo natin,
09:51.6
hindi pala siya nagdagdagdag.
09:52.4
Nagdagdag ng karagdagang interest, no?
09:54.2
During that time na naka-lockdown tayo.
09:57.6
So, naramdaman nila yung care ng organization.
10:01.0
And so, now, it's easy for us to expand.
10:03.9
At kami yung tinatanong, linalapitan ng mga members.
10:07.6
So, it generated natural marketing for us.
10:11.9
Yun yung difference ng social enterprise sa traditional na business.
10:17.9
Napaliwanag din natin, Vince, yung social enterprise.
10:21.1
At lagi nating binabanggit, at ang topic natin ngayon ay kooperatiba.
10:25.7
Yung sinasabi mo, yung traditional business,
10:28.5
ang kumikita yung mga may-ari lang.
10:31.1
Pero pagdating sa kooperatiba,
10:33.6
ang dibidendo napupunta sa mga miyembro ng kooperatiba.
10:37.4
So, ibig sabihin, parang feeling mini-tycoon ka din.
10:39.8
Kasi ikaw yung nakakakuha ng mga dibidendo.
10:43.1
Maraming types ang kooperatiba.
10:46.0
Parang I read, out of the 18,848,
10:51.1
yun, according to CDA, may 10,000 active.
10:54.3
Ano itong mga ito? Ano ang klase ng mga kooperatiba?
10:57.2
So, marami yung mga savings and credit kooperative.
11:00.2
I think most are multi-purpose kooperative.
11:02.8
So, they can go into a lot of businesses, kinds of businesses.
11:06.9
May mga transport kooperatives.
11:08.9
There are also workers kooperatives.
11:11.1
Ang difference kasi ng kooperatives is,
11:13.1
we bond together to help each other.
11:17.0
And we create a business out of that.
11:19.6
We share in the profits and losses.
11:21.8
Kapag traditional business kasi,
11:23.8
mangangapital tayo para kumita.
11:25.8
That's the purpose.
11:26.8
Pero sa kooperatiba,
11:28.8
yung sense of community talaga mas malalim.
11:31.8
Kaya usually kapag titignan mo yung mga types of kooperatives,
11:35.8
like sa transportation sector,
11:37.8
talagang yung mga members ng kooperatiba ngayon,
11:39.8
mga tricycle drivers, jeepney drivers,
11:41.8
they're bonding together
11:43.8
to be able to run the business more efficiently.
11:47.8
At kapag kumita sila, paghahati-hatian nila yun, yung benefits.
11:51.1
Okay, so ito, based doon sa research,
11:54.1
may credit, cooperative bank, producer cooperative,
11:58.1
multipurpose, other types of kooperatives.
12:01.1
Sino-sino yung mga players na yan?
12:03.1
So ito ba yung, parang okay, we have a common interest,
12:06.1
we bond ourselves together.
12:08.1
Saan dapat ito na i-register?
12:11.1
Paano pag ayaw mo na?
12:13.1
Things like that.
12:14.1
How do you go into the process of forming a cooperative
12:19.1
or earning from it?
12:20.8
And what's your exit strategy din dyan?
12:24.8
Parang meron din bang gano'n?
12:26.8
Actually, yung forming ng cooperative,
12:28.8
minimum of 15 kooperators ang dapat na meron tayo dyan.
12:34.8
And you have to register with the Cooperative Development Authority.
12:37.8
To earn from it, you can be a member.
12:40.8
So usually, may pre-membership education seminar.
12:43.8
Unlike for example, when you open a bank account sa bank,
12:45.8
wala na, di ba? You just sign the documents,
12:47.8
give your ID, that's it.
12:48.8
Sa cooperative sector, may pre-membership education seminar.
12:52.8
So i-orient ka ng kooperatiba, what the mission and vision is,
12:56.8
ano yung products and services, and how it works.
12:59.8
And usually, you can earn by becoming a saver
13:03.8
and providing share capital in the cooperative.
13:06.8
So ako, ang framework ko sa pagpili ng kooperatiba,
13:11.8
or actually in any kind of investment, I have a framework,
13:13.8
I call it the SEXY framework.
13:20.8
So it should be secure. Yan yung pinakauna.
13:23.8
So in the cooperative sector, to make sure na...
13:25.8
Secure in the sense na ano yun?
13:28.8
Yung pag naglagay ka ng deposit mo or ng share capital mo ay hindi mawawala yung pera mo.
13:34.8
So secure siya to quickly determine kung okay yung cooperative.
13:38.8
Kasi sabi mo nga, 10,000 lang yung active.
13:40.8
Actually, dun sa active na yan, I'd say mga nasa isang libo lang talaga yung okay.
13:46.8
In the same manner, ganun din naman sa mga corporations.
13:49.8
Ang dami. Ang dami nakarehistro.
13:51.8
Pero yung magagaling, okay, mga isang libo lang talaga.
13:54.8
So for the security side, I look for cooperatives that are at least 10 years in existence.
14:01.8
They own their headquarters. Hindi sila...
14:04.8
Kaya may opisina ito.
14:05.8
Oo. Pagmamayari nila, hindi nagra-rent lang.
14:08.8
And then yung pangatlo is I look at the score of their co-op pesos score,
14:14.8
which is a score that the Cooperative Development Authority gives when they audit the cooperative.
14:20.8
What is the score like? Is it from 1 to 10?
14:23.8
It's from 1 to 100. So ang score dapat ay 80 points and above.
14:29.8
Okay. And then this is basically coming from the CDA.
14:34.8
So if it's 80, pasado ka.
14:36.8
So parang may mga parameters yun.
14:37.8
Yung 80 ay very good na yun. I think yung pasado is 70.
14:43.8
So parang grade din sa school.
14:45.8
So parang may mga ano yun. Parang may areas where you have a specific score.
14:52.8
Ayan. So these are the three main indicators or quick indicators that I use
14:56.8
to determine whether this cooperative would be a good candidate for placing my savings or share capital investment.
15:05.8
So that's the secure side.
15:06.8
And then sexy, E is for encashability or liquidity.
15:10.8
So dapat madaling i-convert into...
15:13.8
Cash kung nag-save or nag-invest ka sa kanila.
15:17.8
And then yung X, I call it the X-factor.
15:20.8
The X-factor is social and environmental agenda.
15:24.8
So that's the X-factor investing.
15:26.8
When you say social and environmental...
15:33.8
Kasi parang ito ba yung sinasabing, oh ano dapat yung mga materials ng produkto mo, organic, mga ganyan.
15:40.8
Well, hindi naman necessary organic.
15:42.8
Yung mga okay naman yung...
15:44.8
Or hindi nakakasira sa...
15:46.8
Sa kalikasan. Yes, oo.
15:47.8
So for example, mag-i-invest ba ako sa minahan na nagpa-follow ng rules para ma-preserve yung environment?
15:55.8
Pero kung alam natin, hindi naman din bawal ang minahan.
15:57.8
Basta huwag lang makasira sa kalikasan.
15:59.8
Sa kalikasan, oo.
16:00.8
Or meron siyang mitigating...
16:02.8
Oo, mitigating measures.
16:04.8
O kaya, renewable energy ka na lang.
16:07.8
Doon na lang tayo sa renewable energy mag-invest.
16:09.8
Sa mga ganun siya.
16:11.8
So yung other side is we have to make sure na hindi oppressive.
16:14.8
Like for example, uy, mababa yung presyo ng mga produkto nila pero below minimum wage pala magpasahod.
16:21.8
So nakatipid tayo pero at the expense of the employees.
16:26.8
So these are the things that we take a look at in terms of the X factor side.
16:31.8
And then we go to Y.
16:33.8
So yun yung ano, pagtingin ko sa security and cashability X factor.
16:37.8
And then panghuli talaga yung Y which is yield.
16:42.8
So bago mapaisipin yung kikitain mo, you have to make sure na secure and cashable at may X factor yung product, investment product or savings product mo.
16:51.8
Before you take a look at the yield.
16:53.8
Kasi usually ang mga Pilipino kapag nagtatanong ng investment, ang unang tanong ay, magkano bang kikitain ko dyan?
17:03.8
Pero bukas wala na ako.
17:06.8
Kaya kailangan ang titignan mo muna, secure ba yan?
17:10.8
Na madali bang i-convert into cash?
17:12.8
At may X factor ba yan?
17:15.8
Social and environment.
17:17.8
But Vince, the way you explain it, we also see that in corporations.
17:21.8
Paano ang pagkakaiba?
17:23.8
Ano ang pagkakaiba ng isang korporasyon sa isang kooperatiba?
17:28.8
Kasi diba sabi mo nga sa cooperative, meron din siyang member cooperatives.
17:33.8
Parang yun yung board or yun yung investor.
17:36.8
And it's with CDA.
17:37.8
So parang magkaiba sila na.
17:38.8
Parang magkaiba sila ng pinagre-rehistrohan o government body that handles or that regulates it.
17:45.8
So what is the difference between a corporation and a cooperative?
17:49.8
So yung corporation, ang main na nagpapatakbo sa kanya talaga is profitability.
17:55.8
Like us, we also have corporations.
17:57.8
Pero doon sa mission and vision statement namin, talagang nakalagay doon na we are a social enterprise.
18:02.8
Pero ang embodiment niya ay corporation.
18:05.8
So ang main difference talaga, for example, member ako ng co-op.
18:08.8
Bumili ako ng produkto ng kooperatiba.
18:11.8
Yung pagbili ko na yan doon sa kooperatiba, at the end of the year, titignan na yung financial statements ng kooperatiba.
18:19.8
At magkakaroon ng tinatawag na patronage refund.
18:23.8
Yung patronage refund is a rebate to me based doon sa kinita ng kooperatiba.
18:32.8
Tapos aside from that, may kita pa yung kooperatiba, may dividend pa ako as a member.
18:37.8
Pero sa corporation, sa traditional business, when you buy a product, that's it.
18:42.8
You don't get any patronage refund or you don't get any dividend.
18:48.8
So in short, parang mas maraming insentibo or beneficio para sa mga kooperatiba.
18:57.8
Pero ang tanong, hindi ba yung mga korporasyon may mga sarili din silang kooperatiba?
19:02.8
I'm just asking all these questions because, you know, these are some of the questions.
19:05.8
You know, these are some of the questions that I gathered also from pre-interviews.
19:11.8
Hindi totoo naman, no? At usually, sa totoo lang, in big corporations, nagpo-form ng kooperative para may pang-mitigate sa management ng corporation.
19:22.8
In a sense, parang yung kooperative na pino-form ng mga corporations are for the employees of the corporation.
19:30.8
The employees of the corporation, they band together.
19:33.8
Sabihin nila, or we were going to save together and use that money to invest para mapalaki pa.
19:39.8
Usually, ganun yung forma ng mga kooperatiba in the corporate sector.
19:44.8
Maganda itong tanong na ito.
19:46.8
Isa sa katangian ng kooperatiba ay ang pagyakap sa mga maliit pa sa maliit na negosyante.
19:53.8
Ang mga nano-entrepreneurs or nanopreneurs as Cedpi has coined the term.
19:57.8
In fact, even our president is pushing for nano-entrepreneurs to be recognized as co-operatives.
20:03.8
Contributor to the economy.
20:05.8
How are co-operatives beneficial to nano-entrepreneurs, especially to those who rely on financing via 5-6?
20:14.8
Yung mga nano-enterprises, actually, they can benefit from co-operatives.
20:18.8
Kasi the co-operative sector is primarily made, no?
20:23.8
Yung essence ng Republic Act 9520 natin ay nasa social reform agenda.
20:29.8
And yung social reform agenda natin, ang pinakagusto niyo talaga is poverty.
20:33.8
And that's where nano-enterprises belong.
20:36.8
Kaya kapag nag-design ng mga products and services sa mga co-operatives, talagang madali para sa mga nano-enterprises.
20:44.8
For example, when they apply for loans for their business, simple lang yung mga document requirements.
20:49.8
Ibang co-operative nga, ang alam ko lang na requirement nila ay barangay certificate.
20:55.8
Tapos mag-a-apply ka na, they do the credit and background investigation.
20:59.8
And if they find you worthy, then you have the capital for your business.
21:03.8
You can't do that in banks. Mahirap yan gawin ng mga banko.
21:07.8
Pero kung ganito kadami at kaganda yung benepisyo ng co-operativa, bakit kakaunti lang?
21:16.8
Sabi mo nga, from 10,000 ang active dyan, ang talagang magaling dyan, 1,000.
21:21.8
Why only 1,000? What's your insight on that?
21:26.8
As I mentioned a while ago, parang there's about 1,000 co-operatives.
21:30.8
But if you take a look at the co-op membership,
21:32.8
in the Philippines, there are about 10.2 million Filipinos who are members of the co-operative sector.
21:40.8
So maaaring kaunti lang pero madaming miyembro?
21:42.8
Madaming miyembro. At saka yung 10.2 million na yan, if you take a look at the working age natin,
21:49.8
kung titignan natin yung ating eligible na for election, so 18 and above, mga nasa 40 million lang yan.
21:57.8
So if you take a look at that, 40 million versus 10.2 million,
22:00.8
So if you take a look at that, 40 million versus 10.2 million,
22:01.8
10.2 million na membership, significant naman yung numbers.
22:07.8
So in terms of reach, madami.
22:09.8
Saan marami ang co-operatives? Parang in terms of geographics yan, saan sila? Luzon, Visayas, Mindanao?
22:17.8
O kalat-kalat din ba yan?
22:18.8
Kalat-kalat yan, madami yan. In fact, if they go to my website, vinsrapisura.com,
22:22.8
or i-google nila, vinsrapisura and then top co-ops in the Philippines,
22:27.8
gumawa ako ng listahan ng top 3 co-operatives.
22:29.8
gumawa ako ng listahan ng top 3 co-operatives.
22:31.8
gumawa ako ng listahan ng top 3 co-operatives.
22:32.8
per province. Kasi laging tinatanong sa akin, saan ba magandang co-operative ang tingnan ko?
22:37.8
That's the easy list to go. Marami tayong makikita na ganyan.
22:41.8
So for example, in Batangas, meron dyan co-operative.
22:45.8
They're into egg layers, agriculture, meron silang feed meal, may grocery sila.
22:53.8
If you go to Mindanao, madami din yan, mga agri-based co-ops.
22:57.8
Mga producer organizations. Even in Visayas, ganyan din.
23:01.8
Usually, ang maraming members ng mga co-operativa nasa agri-sector, mga farmers.
23:07.8
So may mga pagkakataon din ba, vins, na okay, ganda nitong co-operative ba namin?
23:13.8
Parang may chances din ba na, sige, why don't we convert it into a corporation? May ganun ba?
23:20.8
Or talagang may iba na yung struktura, yung sistema kapag naging corporation?
23:25.8
Or talagang may iba na yung struktura, yung sistema kapag naging corporation?
23:26.8
I think mag-iiba talaga siya.
23:28.8
I think mag-iiba talaga siya.
23:29.8
At parang the way that the co-operative is structured, ibang-iba siya eh.
23:35.8
Kasi di ba ang highest governing body sa corporation, yung board of directors.
23:40.8
So may board of directors din yung co-operative.
23:43.8
Pero yung board of directors, kailangan ipa-approve niya sa general assembly lahat ng policies.
23:51.8
And the general assembly is composed of the whole membership.
23:54.8
And the general assembly is composed of the whole membership.
23:55.8
So napaka-democratic niya talaga.
23:57.8
So kunwari, may in-approve na yung board, no?
23:59.8
Tapos inangat nila sa general assembly.
24:01.8
Ang sabi ng general assembly, hindi yan pwede.
24:03.8
Walang magagawa yung board.
24:05.8
Hindi ka tulad sa corporation na pag okay sa board, yun na yun.
24:09.8
Actually, kung okay sa may pinakamalaking kapital.
24:12.8
Yes, the largest share.
24:14.8
Yes, the largest share.
24:16.8
Ito sa co-operative kasi, one person, one vote yan.
24:20.8
So regardless kung ang share capital mo ay 1,000 pesos versus 1,000 pesos.
24:23.8
So regardless kung ang share capital mo ay 1,000 pesos versus 1,000 pesos.
24:24.8
So regardless kung ang share capital mo ay 1,000 pesos versus 1,000 pesos.
24:26.8
Pag nagkita-kita sa general assembly, pareho lang tayo na one vote.
24:30.8
So technically, pag kooperatiba, ano lang siya, maliliit lang din na grupo.
24:35.8
Parang sabi mo nga, para makapagbuo ka, 15 ang members.
24:40.8
Pero sa isang kooperatiba, gaano ka yung pinakamalaki? Ilan ang members niyan?
24:44.8
Ang pinakamalaki, on average, ang mga nakikita ko no,
24:48.8
na yung mga top performer talaga ng mga kooperatives, mga nasa 100,000 to 200,000 members sila.
24:52.8
na yung mga top performer talaga ng mga kooperatives, mga nasa 100,000 to 200,000 members sila.
24:54.8
na yung mga top performer talaga ng mga kooperatives, mga nasa 100,000 to 200,000 members sila.
24:55.8
na yung mga top performer talaga ng mga kooperatives, mga nasa 100,000 to 200,000 members sila.
24:56.8
na yung mga top performer talaga ng mga kooperatives, mga nasa 100,000 to 200,000 members sila.
24:57.8
na yung mga top performer talaga ng mga kooperatives, mga nasa 100,000 to 200,000 members sila.
24:58.8
na yung mga top performer talaga ng mga kooperatives, mga nasa 100,000 to 200,000 members sila.
24:59.8
na yung mga top performer talaga ng mga kooperatives, mga nasa 100,000 to 200,000 members sila.
25:00.8
obtained by Northview Solutions
25:03.1
It's fun time again with Niunai Tong this February!
25:15.7
Niunai Tong spends some quality time with her mom, learns how to fly a kite with her classmates,
25:23.1
Tries to memorize a difficult poem and makes a present for her best friend.
25:30.8
Sunny Girl No. 23
25:45.4
Weekends at 9 a.m. here on Net25
25:49.0
Let's dance together
25:57.8
Be captivated in this
26:03.8
one-of-a-kind journey to stardom
26:06.1
I know what I want and I know
26:07.9
a talent when I see it
26:09.2
As these vibrant star goddess dive into
26:11.8
intense workshop and embark
26:13.5
on thrilling adventures that will test
26:15.8
their determination and unveil
26:17.6
their true potential
26:18.8
Sama-sama tayo sa saya
26:21.8
Excitement, tears of joy
26:23.8
Drama ng buhay at magpupursiging
26:27.4
Pagdadaan na maraming maraming
26:31.1
The Road to Starkada
26:33.0
Monday to Friday, 5.30 p.m.
26:35.3
Let's dance together
26:47.1
Meron ka bang nararamdaman
26:49.1
ng mga signs ng menopause?
26:50.3
Menopause really happens
26:51.5
In my case, I had a condition
26:54.9
called endometriosis
26:57.4
Miss Corina, ang ganda po ng hair niyo
26:59.1
Ano pong shampoo niyo?
27:02.3
Mapa-senior man kay you
27:05.9
They're here with me
27:07.2
and they give me such joy
27:11.1
kung hindi ako magtatrabaho
27:14.0
how could I spoil them?
27:18.6
A nar is actually an accent
27:21.8
So like when you say no, you don't say no
27:28.2
Let's just always choose to be kind
27:35.2
Kaya ugaliin ang tumutok
27:38.5
kung saan masaya at maganda
27:40.2
ang simula ng araw
27:43.2
lunas hanggang bernes
28:09.2
From a financial standpoint
28:10.7
What are the key considerations
28:13.2
looking to invest in cooperatives
28:16.7
and potential returns?
28:19.3
When you invest in a cooperative
28:21.5
if you are purely motivated
28:26.1
then the cooperative
28:27.2
investment is not for you.
28:29.6
Kasi when you become
28:31.1
a investor in the cooperative,
28:33.3
you enter into the membership.
28:35.2
Importante, importante that you
28:37.3
understand that you are going to
28:39.3
belong to that community.
28:41.4
Hindi ka passive investor.
28:44.9
Participative ka.
28:47.1
Kasi may boto ko nga eh.
28:49.4
So, ma-participate ka sa
28:50.9
General Assembly, ganyan.
28:52.8
So, I just want to emphasize that
28:55.1
kapag tayo nag-invest
28:57.3
sa kooperatiba, we have to make sure
28:59.0
na we're entering into a community
29:03.2
So, paano natin malalaman yung
29:07.4
okay, as I mentioned a while ago,
29:09.2
dapat 10 years in existence na sila,
29:11.6
they own their headquarters,
29:13.1
and co-op as a score of at least
29:15.0
80 points. Tapos,
29:17.0
depende na sa'yo kung anong klaseng kooperatiba
29:19.0
yung gusto mong salihan.
29:21.7
But, in this case,
29:24.8
reject memberships?
29:26.7
Or, kunyari, like say, for example, kung sige,
29:29.1
nag-invest siya, pero very passive
29:30.9
naman siya. So, parang,
29:32.6
can he booted out as a member of the
29:34.8
cooperative? Yeah, it would entirely depend
29:36.8
on the articles of cooperation
29:40.6
There are cooperatives, for example,
29:42.9
that they're only limited to
29:44.8
a certain group or a certain
29:46.6
geography. So, for example, I register
29:48.8
my cooperative and I only get
29:50.9
a license from the CDA to operate
29:52.8
in Metro Manila. So, if you leave out,
29:54.8
outside of Metro Manila, i-reject nila
29:56.8
talaga yung application mo.
29:58.5
Or, merong mga, ano din, mga
30:00.7
closed cooperatives, ang tawag din nila yan.
30:02.8
So, let's say, for example lang,
30:04.6
pang fisherman ito.
30:06.5
If you're not a fisherman, then you cannot
30:08.9
become a member of that cooperative.
30:11.7
So, may mga ganun
30:14.2
So, parang, titignan mo talaga yung
30:16.4
bylaws ng kooperatiba.
30:19.5
Okay. So, halimbawa,
30:22.9
na negosyante. So,
30:24.8
parang, sa palagay ko, makakatulong
30:26.7
sa akin yung kooperatiba. Ano yung gagawin ko?
30:30.8
enter my individual name
30:33.0
or my small business
30:35.0
to that cooperative?
30:38.4
two things at the same time?
30:40.3
In the Philippines, only individuals
30:42.9
can become members.
30:44.7
So, hindi pwedeng mga juridical personalities
30:46.9
lang, like corporations or your business.
30:49.3
Ah, so talagang pangalan mo.
30:52.8
But, you see that.
30:54.8
I'm sure there are
30:56.4
MSMEs who are registered,
30:59.1
whose owners are registered
31:01.0
as individuals in the cooperatives.
31:04.4
best of both worlds. Parang, ganun ba?
31:07.1
So, they get the...
31:08.6
They become a member of the cooperative and they put
31:10.9
up their business.
31:12.9
That's totally fine. Wala namang kasa doon.
31:15.5
Pero, kung maganda sa selection
31:17.0
process nyo rin yun.
31:18.6
Ano ang maitutulong ng individual na ito
31:21.1
sa kooperatiba? Parang ganyan.
31:22.7
Pwede rin, no? Actually,
31:24.8
yun yung titignan din natin.
31:27.8
Diba, yung community nga kasi siya eh.
31:29.7
So, rather than what will I get
31:31.2
from that cooperative, ano yung...
31:33.2
Ano ang maitutulong mo para sa
31:34.8
kooperatiba? O, sige.
31:36.8
Munta tayo doon sa financial
31:38.9
strategies na. Isa sa mga nabasa
31:40.9
namin ay napag-aaralan
31:42.5
ang pagpapayaman.
31:48.7
sa kooperatiba? I know
31:51.0
that you have these social
31:52.9
initiatives. I know that,
31:54.8
you are after the
31:56.8
environment, you're after the
31:58.6
impact of the cooperative
32:00.7
to the environment and to the planet
32:03.0
and to the well-being, to the
32:04.8
community. Kasi, syempre, importante
32:06.8
yung why din eh doon sa sexy mo.
32:08.9
So, ano yung yield doon?
32:11.1
So, paano kikita? Right.
32:12.7
So, if I compare, no? I started
32:14.7
investing in the cooperative sector
32:20.6
cooperatives where I place share
32:22.6
capital, no? And consistently,
32:24.8
I've been getting
32:28.6
dividend tax-free
32:30.7
from those investments.
32:33.2
Compared to? Compared to
32:34.8
my stock market investment na
32:36.7
taas-baba, taas-baba, taas-baba
32:39.2
siya eh. So, kung 6 to 12
32:40.7
o ano yung traditional? Dito sa
32:42.6
stock investing, it could
32:44.8
go as high as 50%
32:46.6
in a year, but it could also go
32:48.8
negative. Negative. Negative
32:50.5
30 yata yung pinaka.
32:52.9
So, ang pipiliin mo yung consistent na?
32:54.8
Yes. Kasi alam mo, Cesar,
32:56.8
ang sinasabi ko nga, yung pag-i-invest,
32:59.2
ang strategy mo dyan, parang
33:00.6
pag-ibig. It should be
33:02.5
consistent and predictable.
33:06.4
Hindi yung rollercoaster
33:09.0
ride tulad ng sa stock market.
33:11.0
Sabi naman nila, sa stock
33:12.9
market, ito ang ilalabas mo dyan,
33:15.1
yung talagang pera mo na na
33:16.6
mawala man yan, hindi
33:18.3
sasamang loob mo.
33:20.2
At yan din yung mga
33:21.3
finaflag ko na sinasabi, no?
33:23.3
Kasi, sino ba naman?
33:26.6
may kakayahan na okay lang
33:28.8
mawala ang pera niya.
33:32.4
Pero dapat, ang mindset mo nga daw, ganun, dahil
33:34.7
alam mong volatile siya. Alam mong
33:36.8
magne-negative 30 siya minsan.
33:38.7
Kaya sinasabi ko na, mali ang
33:40.6
ganong pananaw. Okay. So, pakipaliwanag.
33:43.2
Ayun, diba? Kasi, diba, parang
33:45.0
pinagpapaguran natin ito,
33:46.8
tapos sasabihin mo, okay lang na mawala.
33:48.7
Hindi. You guard it with all your might.
33:51.0
Yes. So, it's not to say that I don't have
33:52.9
stock investments. I do. Pero,
33:54.8
if I compare it, yung 2005
33:56.9
ko na investment na 1
33:58.7
million, now in the stock market,
34:01.0
it's 3.81 million.
34:02.9
Not bad. Not bad. But, 2005
34:07.1
O, ikumpara natin ngayon dito sa
34:08.8
Coop Investing na puro lang
34:10.8
siya pataas. Walang, maski nung pandemic,
34:13.0
ha, hindi ako nag-loss.
34:15.2
Yung share capital investment ko
34:16.8
na 1 million noong 2005, it's
34:18.7
now 8.2 million pesos.
34:21.0
Mas okay siya sa akin kasi
34:22.7
alam ko na yung pera ko doon sa Coop,
34:24.8
operatiba, nakakatulong sa community.
34:26.7
At the same time, natutulungan ako. So, posible
34:28.8
na yung isang individual
34:34.7
kooperatiba. Basta magiging
34:36.4
participative siya, hindi siya passive.
34:39.4
Tapos, at the same time,
34:40.7
makakaasa siya ng ganong yield. So, pwede yun.
34:44.6
Wow, interesting. Sa librong
34:46.6
isinulat mo, sinasabi mo na
34:48.5
ang pagyaman ay napag-aaralan.
34:50.9
Can you share some more of your
34:52.7
financial tips for our viewers?
34:54.8
Especially in the area of
34:56.7
investing. When we make the investment,
34:59.2
we have to always
35:00.9
make sure that the purpose,
35:04.8
are investing is answered.
35:07.1
Okay? Kasi kung ang gusto mo
35:08.8
lang ay magkaroon ng
35:10.7
pera, malabong goal yun eh.
35:13.3
No? It doesn't excite me
35:14.8
really, no? Because a lot of people can just do that.
35:17.1
Pero, if you're saying na, okay,
35:18.9
itong investment na ito ang pang-retirement.
35:21.8
Okay? Itong investment
35:22.9
na ito dapat ay gagamitin
35:24.8
ko, pangpatayo ng bahay,
35:26.4
pagpaaral sa aking anak. If you take a look at
35:28.7
those purpose, kaya mo ba
35:30.8
talagang ilagay yan sa isang investment
35:33.1
na pwede kang malugi?
35:35.2
The answer is no. Right?
35:36.9
So, out na agad yung stock market for me.
35:38.9
Kasi pwede kang malugi.
35:40.4
So, you go into safer investments.
35:43.0
So, for retirement, ganyan, para sa akin
35:45.1
dyan, ano no, yung SSS
35:46.9
natin. Kasi yung SSS natin, marami,
35:49.2
may namaliit yan, ganyan. Pero
35:50.7
actually, wala pa akong nakitang
35:54.8
product, natatalo sa SSS
35:57.0
with the amount that you
35:58.4
contribute. Ano ba example
36:00.8
ang may invest mo doon
36:04.6
contribution natin, that's one. So, that's
36:06.7
the regular SSS. Okay, yeah.
36:08.5
And then, there's what we call the WISP,
36:10.8
the Workers Investment Savings
36:12.5
Program. As outside na yun
36:14.5
ng regular, pero may counterpart
36:16.4
pa rin yung employer mo, kung ikaw ay employed.
36:19.0
And then, there is a self-managed
36:20.7
one, which is what we call the WISP
36:22.6
Plus. Ito, voluntary na na.
36:24.8
Talaga siya, to augment your
36:26.2
retirement. Kumbaga, parang ito ay
36:28.4
some sort of 401k natin,
36:32.4
US. So, you can contribute as much
36:34.7
as you want. So, the reason
36:36.7
I like that is because napaka-safe
36:39.0
niya. It's a government agency.
36:40.7
May guarantee coming from
36:42.7
the government na
36:44.1
kapag nalugi ang SSS, ay
36:46.3
sasagipin yan ng gobyerno.
36:48.5
You don't get that from
36:50.1
private companies. Number
36:52.6
two ay pag-ibig MP2,
36:54.6
as I mentioned a while ago.
36:56.1
Yun yung mga yun for retirement. So, lagi mong iisipin,
36:58.2
para saan ba itong
37:00.1
investment na ito? Kasi kung hindi malinaw
37:02.5
yung why mo in your investment.
37:05.1
Maaring mali yung
37:06.3
solusyon mo, or yung
37:07.8
paglalaga ka nyo ng pera.
37:10.5
Okay, we're done with the retirement, halimbawa.
37:13.0
Kasi sinabi mo nga, marami yun.
37:16.0
marami, marami yung option. Ano pa yung
37:18.4
iba? Halimbawa, sabihin natin,
37:20.1
pagpapatayo ng bahay, saan ka?
37:22.3
So, sa pagpapatayo ng bahay,
37:24.2
unahin mo yung pag-ibig,
37:26.2
na maglagay ka ng contribution doon.
37:28.1
Kasi, ang pinakamaganda sa pag-ibig,
37:30.5
kasi you only have to put up
37:32.0
5% of the property that you want to
37:34.4
build, yung bahay na papagawa mo.
37:36.7
So, kunwari, 1 million pesos
37:38.3
yan, yung bahay mo.
37:39.7
Mag-ipon ka ng 50,000 pesos
37:42.2
na savings. Yun yung equity mo
37:45.8
Panyari, kung may 50,000 ang naipon mo,
37:50.1
mahihiram mo sa pag-ibig, sa halagang
37:52.1
50,000? Hindi siya naka-dependent.
37:54.2
Doon sa savings mo, naka-depend pa rin siya
37:56.2
sa capacity to pay mo.
38:00.0
if I'm not mistaken, basta yung
38:02.1
magiging monthly mo
38:03.8
sa pagbabayad sa kanya, hindi
38:09.5
So, kung kumikita ka ng 20,000 pesos
38:12.2
per month, dapat pag
38:14.1
nagbabayad ka na ng amortization
38:16.3
mo sa kanya, hindi lalagpas ng
38:20.0
So, may matitira pa rin sa'yo.
38:21.3
Yes. Alimbawa, gusto mo paaralin yung anak,
38:24.2
ano naman investment ang pupuntan mo?
38:26.7
Okay. So, depende sa time
38:28.3
horizon. Kung bata pa,
38:32.2
ako, okay ako to go into real
38:34.3
estate investing.
38:36.1
Kasi maganda yung rental
38:38.3
income. At may, pag bata
38:40.3
pa, mahaba pa yung PC, pwede ka pang
38:42.1
bumawi. Pero pag kunwari, mga
38:44.2
5 years na lang, magka-college
38:48.3
treasury bonds, retail dollar
38:50.2
bond, pag-ibig MP2 is still good,
38:54.2
from rural banks and
38:55.8
cooperatives. Kasi
38:57.7
dihamak na mas malaki yung interest
38:59.9
rate na makukuha mo sa kanila.
39:01.7
Sa rural bank, pag nilagay mo
39:04.0
yung time deposit mo sa kanila na
39:05.9
5 years plus 1 day,
39:10.0
So, yun, wala nang
39:11.9
withholding tax na 20%.
39:14.3
Okay. O, ito naman, Vince,
39:16.3
kasi maraming nanonood sa atin
39:19.9
yung mga may malilit na negosyo,
39:21.7
sabihin nila, kailangan ko pa ng
39:24.1
additional na kapital.
39:25.8
Sana man sila kukuha ng
39:28.0
investments. Ko-op yan, no? Yan yung pinaka-okay.
39:30.4
Kasi kapag sa ko-op,
39:32.5
nagpa-member tayo,
39:34.2
mas madali tayong makakuha ng
39:35.9
capital for our business.
39:37.9
Usually, kapag nano
39:40.1
or micro-enterprise ka, napakadaling
39:41.9
kumuha ng capital for business sa
39:43.8
kooperativa, kumpara sa banko.
39:45.6
Mas kakaunti yung document
39:47.5
requirements. Ano lang? Kasi
39:49.9
siyempre, sa banko, baka ang dami.
39:51.3
Ang dami papel. I think, no,
39:54.1
na ang kailangan mong kapital ay
39:55.6
mga hanggang 50,000 pesos.
39:58.3
Government ID plus
39:59.5
barangay certificate. Okay na.
40:01.9
Ika-credit and background investigation ka na.
40:03.9
Sa kooperativa. Sa kooperativa.
40:05.5
Sa banko? Ay, naku, kailangan mo ng bank statement.
40:08.4
Kailangan mo ng business registration.
40:11.6
Mga ITR mo, di ba?
40:14.2
Thank you very much, Vince. And I'm sure
40:16.1
there's a lot of things. We hope that we
40:18.0
invite you again so that you can
40:19.8
explain the other advantages
40:23.8
kooperatives. Giving back to
40:25.8
the community, you know, helping the
40:27.7
community, and making sure that
40:29.8
the environment is safe because of
40:31.8
all these initiatives and
40:33.5
the special structure, you know,
40:35.8
that is observed in
40:37.6
kooperative development.
40:39.6
What advice would you give to individuals
40:43.4
interested in aligning
40:45.5
their investments with social
40:47.5
impact through kooperatives?
40:51.0
my framework for investing, which is what I
40:53.7
call the sexy investment. So security
40:55.5
and cashability, the X factor
40:57.9
for social impact, and then
40:59.3
before we think of the yield. Lagi kong
41:01.6
sinasabi yan, at the end of the day,
41:03.7
kasi whether you invest it in the
41:05.5
stock market or in the cooperative, may chance
41:07.8
of loss talaga yan. May risk
41:09.7
talaga dyan. Pero I take comfort
41:13.8
money in the cooperative sector, I
41:15.7
know where my money went. It didn't go
41:17.8
to some tycoon or typhoon's pocket.
41:20.1
It went to the nano
41:21.5
enterprises. So meron
41:23.6
din ba, Vince, tayo sa
41:25.4
industriya ng kooperatiba na talagang
41:27.8
masasabi natin mga
41:29.4
successful na names
41:31.3
dun sa kooperatives. Meron bang
41:33.5
mga dating kooperative
41:35.5
member na ngayon ay tycoon
41:37.6
na meron? Wala pa akong kilala.
41:41.7
Hindi. Actually. So paano yan?
41:43.8
To create wealth,
41:45.5
eventually you go into
41:47.7
that status. I know. Pero
41:49.5
I think iyan din yung itinuturo
41:51.5
ng cooperative sector. Hindi dapat
41:53.6
passive wealth. So
41:55.1
ang goal ay hindi ka maging
41:57.9
tycoon, typhoon. That's
41:59.7
not the goal. The goal is
42:01.8
for everyone to have
42:03.8
a convenient and happy life.
42:06.4
And which is related to your
42:08.0
poverty alleviation
42:09.9
initiatives na kailangan
42:11.9
makahango sa kahirapan.
42:15.0
Madaling sabihin yun,
42:15.9
poverty alleviation. Pero
42:17.5
in your case, ano yung basic
42:19.5
minimum ba ang tawag dun na parang wala
42:21.5
ka na sa kahirapan?
42:23.6
Sa akin, you have a sense of security
42:25.3
of your own home.
42:27.2
Sarili kang pabahay. And that's what we're doing
42:29.7
in CEDVI. We have socialized housing.
42:32.3
Mayroon ka ding access sa
42:35.1
healthcare system. We have our universal
42:37.7
healthcare law. Pero kulang na kulang pa.
42:39.9
I think dapat talaga mapaigting
42:41.9
pa yan. And then, mayroon
42:43.8
tayong sapat na kita para tayo
42:45.6
makakain, makapag-aral,
42:47.6
at magkaroon ng maayos na buhay.
42:50.2
Yun yun. Yun yung nakakaangat
42:53.6
Wow. I think that's the best way to end
42:55.8
this conversation. Thank you
42:57.9
so much, Vince. And
42:59.5
bago tayo matapos, saan ka nila
43:01.5
matatawagan? Saan ka nila mahanap?
43:05.0
pagtatanong pa tungkol sa
43:07.6
kooperatiba, where can they
43:09.6
find you? So they can visit my
43:11.5
website, vincerapisura.com
43:13.7
and they can also follow
43:15.4
and subscribe to my YouTube channel
43:17.5
and my Facebook page. It's
43:19.1
Vince Rapisura also.
