Part 3 – What is KsK Coop, KsK Offerings, Types of Membership

Part 7 – Other Programs – RSIP & TIP
KsK Service and Multi-Purpose Cooperative
It is an "Opportunity Provider" conceived by the Overseas Filipino Workers in Hong Kong. From the numerous inquiries and offshoot of the KsK Seminar Series by Mr. Colayco, the KsK Coop was formed and registered in the Philippines on September 23, 2004 to be one of the primary vehicles for one's journey to his/her financial independence or "kalayaan sa kakapusan". It is taking advantage of the power of a collective whole in increasing income, generating wealth in savings and in investments.
KsK Service and Multi-Purpose Cooperative
Benefits of becoming a KsKSMP Coop Member
Statistics indicate that no more than 15% of individuals who dare become entrepreneurs succeed. 85% end up losing their investments and end up going back to employment (if they are lucky).
SO WHAT'S THE OPTION FOR THE 85%?
To this majority, organizing into a cooperative is the next best thing to do. Individually, one’s capital to do business will definitely be small and inadequate. However, if a group of people pool their resources in capital, talent and market reach, they will be able to form a formidable investment force which they would not have, if done individually.
BENEFITS
  • More high yield investments and business opportunities
  • Greater probability of "no-capital-loss" of each member's contribution.
  • Greater ability to provide each member the mechanism to convert his equity to cash in case of any urgent need
  • Greater chances to earn higher and more consistent income because collective investible funds will be substantial enough to warrant the attention of the most dependable and professional investment bankers.
  • Better access to the best professional management.
  • Assured financing for venture development and implementation.
  • Greater assurance for sustained success.
Primary Objectives
  1. To help, educate and motivate its members to keep more of the money they earn. Maka-tulong, makapag-turo at makapag-enganyo sa mga miyembro nito na makapagtabi ng pera na kanilang kinita.
  2. To empower and influence it members to collectively do more of the money they keep.Makapag-bigay lakas at impluwensya sa mga miyembro nito sa sama samang may mapaglaanan ng pera na kanilang naitabi.
  3. To encourage members to join thrift & savings programs to achieve increased income, savings and investments.Mapalago lalo ang puhunan na higit sa antas ng "inflation". Makapag-enganyo sa mga miyembro na sumama at sumali sa mga "thrift & savings programs" para makakamit ng mas mataas na kita, ipon, investment at kakayanang makabili.
  4. To achieve financial independence for each individual member and the cooperative as a whole.Makamit ang “financial independence” ng bawat miyembro at ng buong kabuuan ng kooperatiba.
  5. To provide continuous trainings and seminars in and about financial independence.Tuloy tuloy na pagtuturo, pag gabay at pag bigay giya tungkol sa mga alituntunin at pamamaraan para makamit ang tunay na kasaganaan.
 
Secondary Objectives
In addition to the objectives and purposes provided for under Republic Act. No. 6938, this Cooperative adopts the following secondary objectives:
  1. To actively support the government and other concerned organizations, both local and foreign, in promoting cooperatives as a practical means towards sustainable socio-economic development under a truly just and democratic society;
  2. To develop the knowledge of the members on the principles and practices of the cooperatives to enable them to actively and competently participate in managing the affairs of the Cooperative;
  3. To institutionalize a dynamic savings mobilization and capital build-up schemes to sustain its development activities and long-term investments, thereby ensuring optimum economic benefits to the members, their families and the general public;
  4. To implement policy guidelines that will ensure transparency, equitable access to its resources and services, and promote the interests of the members; and
  5. To adopt such other plans as may help foster the welfare of the members, their families and the community.
Investment Strategy
  • achieve critical mass of members, initially 2,000 to 4,000 members
  • continuous trainings and seminars on the fundamentals of financial independence
  • acquire established and profitable businesses that aside from dividends that can be earned by the members, can also be a source of employment as long as the coop member or his/her family (sibling) is qualified for employment
  • put up a KsK Coop-owned Bank for the service and benefit of the coop members for their deposits, loans, remittances and micro-financing needs
  • collective investment of the coop in financial instruments for better yield or returns not available if pursued individually at smaller amounts
  • provide seed funding for coop members with sound businesses or projects
KSK SMP Coop Board of Directors
The new set of Board of Directors are as follows, approved in the General Assembly (highest approving body of the cooperative) in it’s General Assembly in March 2009 to serve for two (2)years:
  1. Francisco J. Colayco
  2. Michael Vincent Benares
  3. Federico Paragas
  4. Marites H. Atentar
  5. Ma. Teresa J. Balbuena
PROFILE:
A. MR. FRANCISCO J. COLAYCO, PH.D.
Francisco J. Colayco, Ph.D., is an entrepreneur, a venture developer and a financial advisor. He is also the Chairman of the Colayco Foundation for Education, Inc. Other than performing advisory services to business and professional organization and individuals, he takes the lead in educating the general working class, OFWs and students on how to manage their personal finances. His advocacy is further exemplified in the books he has written:
Wealth Within Your Reach. Pera Mo, Palaguin Mo! Consistent bestseller in 2005 and 2006 and won the 2004 National Book Awards in Business and Economics.
Making Your Money Work. Pera Mo, Palaguin Mo! 2. A consistent bestseller in 2006 and nominated in the 2005 National Book Awards in the business and economics category.
Pera Palaguin Workbook, written together with Dr. Helen Valderrama is also a consistent bestseller in 2006.
He has recently written Money for Kids. Pera Mo, Palaguin Mo!
A Parent/Teacher's Guide to Financial Literacy for Kids together with Dr. Nina Yuson Lim.
Mr. Colayco’s over 40 years of working experience covers service contracting in the Middle East, manufacturing, trading, construction, shipbuilding, management consulting, banking and financial services. He was conferred a Doctorate in Humanities Honoris Causa by the National University. He holds degrees in AB Economics and Masters in Business Management from the Ateneo de Manila University.
B. MICHAEL VINCENT BENARES
Michael Vincent Benares is a graduate of Bachelor of Science in Medical Technology from St. Louis University in Baguio City, Philippines. He finished his Grade School and High School in Ateneo de Manila University.
He was still a College Student when he entered the field of broadcasting at Music 99.9 FM in Baguio City. After college, he worked for Sarao Broadcasting System as Events Producer in Magic 89.9 FM
It was in 1989 when he worked for Hong Kong Commercial Broadcsting Company as Presenter/Producer for Commercial Radio English. He was at the same time the Network Voice-Over Talent at FBS Broadcasting Corporation.
Currently, he is the Programming Director of Metro Plus AM 1044 at the Metro Broadcast Company, Ltd. in Hong Kong. He is the Presenter of the leading Filipino radio programs in Hong Kong, the Philippines Tonight and Magandang Sunday.
Mr. Benares is the Senior Advisor of the Confederation of Overseas Filipino Workers in Hong Kong and the Co-Chairman of the Kapatiran sa Kasaganaan Service and Multi-Purpose Cooperative.
THE COOPERATIVE IS UNDER A MANAGEMENT CONTRACT WITH THE COLAYCO FOUNDATION FOR EDUCATION (CFE) FOR THE NEXT TEN YEARS AS APPROVED IN THE PREVIOUS GENERAL MEMBERSHIP MEETING.
Management/Admin

Armand Q. Bengco – General Manager

Amalia M. Ordas – Admin and Finance Head

Aristotle “Joel” R. Cala – Member Affairs Officer

Rhea A. Fernandez – Administrative Officer

Ronnie A. dela Cruz – Administrative Officer

Memie A. Formilles – Accounting Assistant

Gina Marie I. Soller – Administrative Assistant

Ma. Teresa P. Pascual – Administrative Officer (HK)
Careers with KsK SMP Coop
WRITER
REQUIREMENTS:
  • Candidate must possess at least a Bachelor’s Degree in Journalism or any related field.
  • Fresh Graduates are welcome to apply.
  • Applicants must be highly organized and creative to suggest story ideas and write feature articles.
  • Applicants must be very interested in gadgets and technology.
  • Applicants must have good people skills, detail-oriented and focused on deadlines.
  • Applicants must be able to work well under pressure and have a high sense of urgency.
  • Full-Time position available.
We are looking for young, dynamic, committed and very talented individuals who have the passion for work, with excellent communication skills.
Preference will be given to candidates who are dependents of KsKSMP Cooperative member.
Please e-mail your complete resume with picture at kskcoop@colaycofoundation.com or fax to 632-6373731. Only qualified applicants will be notified.
WEBMASTER
Requirements:
  • Candidate must possess at least a Bachelor’s/College Degree in any field.
  • Required skill(s): Linux, JAVA, Perl.
  • Others: SQL, TCP/IP, HTML, JavaScript, PHP, HTML, XML, XSLT, Macromedia Flash.
  • Solid experience in web development and programming
  • Applicants must be willing to work in Pasig City.
  • Applicants should be Filipino citizens or hold relevant residence status.
  • Preferably 1-4 Yrs Experienced Employees specializing in Arts/Creative/Graphics Design or equivalent.
  • Full-Time position available
Preference will be given to candidates who are dependents of KsKSMP Cooperative member.
Please e-mail your complete resume with picture at kskcoop@colaycofoundation.com or fax to 632-6373731. Only qualified applicants will be notified.
© 2011 KsK SMP Cooperative