Cooperative Management Compilation
JOLLIBEE FOODS CORPORATION COOPERATIVE
HISTORY
JFC-Coop started its operations on April 19, 1988. This was registered and founded by 15 Incorporators (all employees of Jollibee Foods Corporation) as JFC Employees’ Consumers Cooperative, Inc., with its Head Office located at Culmat Bldg., E. Rodriguez Ave., Quezon City.
The coop started with the primary purpose of helping members augment their income with the daily expenses that they incur, by lending small loans, and at the same time selling consumer items and groceries.
1987
The idea of putting up a Cooperative within the company was conceptualized, thus, the JFC – ECCI (Jollibee Foods Corporation – Employees’ Consumers Cooperative, Inc.) was formed.
* April 18, 1988 – the Jollibee Foods Corporation – Employees’ Consumers Cooperative, Inc. was registered to the Cooperative Development Authority
1988 – 1991
* During its 3rd General Assembly, the BOD reported, for the first time since its Incorporation, that the COOP registered a positive net income
* Issued its first Stock Certificates to the members
* The COOP changed its name from Jollibee Foods Employees’ Consumer’s Cooperative to Jollibee Foods Employees’ Multi Purpose Cooperative
1998 – 2000
* The COOP launched new loan products, like the JED Motorcycle Acquisition Program, Tulong sa Hanap Buhay Program, Housing Loan, and the COOP Housing Equity
* A savings facility the COOP Premium Fund Program (to be later called Premium Savings Fund)
* First time that the COOP conducted a Business Planning Seminar to assist members in the preparation of a Business Plan as one of the requirements in applying for a livelihood loan
* This period registered the COOP’s highest growth of Total Assets in terms of percentage, which increased by 59% from P11M in 1998 to P27M in 1999.
2001
* Greenwich and Chowking were made part of the JFC-Coop Family
* JFC – Coop held its first ever Coop
HISTORY
JFC-Coop started its operations on April 19, 1988. This was registered and founded by 15 Incorporators (all employees of Jollibee Foods Corporation) as JFC Employees’ Consumers Cooperative, Inc., with its Head Office located at Culmat Bldg., E. Rodriguez Ave., Quezon City.
The coop started with the primary purpose of helping members augment their income with the daily expenses that they incur, by lending small loans, and at the same time selling consumer items and groceries.
1987
The idea of putting up a Cooperative within the company was conceptualized, thus, the JFC – ECCI (Jollibee Foods Corporation – Employees’ Consumers Cooperative, Inc.) was formed.
* April 18, 1988 – the Jollibee Foods Corporation – Employees’ Consumers Cooperative, Inc. was registered to the Cooperative Development Authority
1988 – 1991
* During its 3rd General Assembly, the BOD reported, for the first time since its Incorporation, that the COOP registered a positive net income
* Issued its first Stock Certificates to the members
* The COOP changed its name from Jollibee Foods Employees’ Consumer’s Cooperative to Jollibee Foods Employees’ Multi Purpose Cooperative
1998 – 2000
* The COOP launched new loan products, like the JED Motorcycle Acquisition Program, Tulong sa Hanap Buhay Program, Housing Loan, and the COOP Housing Equity
* A savings facility the COOP Premium Fund Program (to be later called Premium Savings Fund)
* First time that the COOP conducted a Business Planning Seminar to assist members in the preparation of a Business Plan as one of the requirements in applying for a livelihood loan
* This period registered the COOP’s highest growth of Total Assets in terms of percentage, which increased by 59% from P11M in 1998 to P27M in 1999.
2001
* Greenwich and Chowking were made part of the JFC-Coop Family
* JFC – Coop held its first ever Coop
Cited: * Total Assets reached the P280M mark or an increase of 10%, with the total Member’s Capital Share reaching P111.30M, from P78.7M the previous year, an increase of 29%. 2008