Vision
To be an ultimate institutional cooperative that caters to the socio-economic needs of its members in terms of providing products and services while promoting honesty, integrity and respect for people as its core values.
Mission
To become a strong, sustainable and viable cooperative institution in Shell by promoting and executing continuous improvements in our operations to generate quality products and services as well as promote equality and social responsibility that are aligned with our members’ aspirations.
Objective
To provide quality products and services at reasonable cost through maximum utilization of economies of scale and effective inventory management scheme.
Social Goals
•To promote sustainable development by balancing economic, social and environmental objectives.
•To prioritize community welfare by supporting local initiatives, improving livelihoods, and addressing social challenges such as poverty, education and healthcare.
Financial
- Majority of the funds are coming from salary loans either/or fixed/savings
- Consumer services through sales of goods and services to the company
- Financial Growth – Exceeding 15M in revenue for the next 10 years.
- Increasing Revenue – Achieving at least 5% annual increase in revenue.
Internal/Operations
- Provides credit loans to members and services
- Enhance Operational Efficiency – improving internal processes, workflows, and resource allocation.
- Drive Policy Changes – policy modifications to align with organizational goals.
Members/Customers
- Majority are regular members coming from SPC and associate members from other Shell
- Majority of customers are members, inclusive of the company’s needs.
- Expanding Market Share – Gaining a larger share of the target market.
Community & Enviroment
- We support Thanksgiving event of our company as part of good neighbor concept.
- Collaboration with community based organizations like PSFI.
How to measure success
- Percentage of dividends to members
- Compliance with mandatory trainings
- Financial Performance
- Business Volume and Growth
- Members Satisfaction and Social/Community Impact
What the coop looks like
- We are present to support our member’s necessities mainly on credit loans, providing them better offer as compared to market rate
- Restoring SEMPCO STORE thru physical and digital platform.
- Embracing technology, streamline processes, enhancing communication and expanding our reach.
- Continuous to grow, welcoming new members.
- Providing continuous education to empower members.
Implementation how do we make strategy a habit
- Monthly meetings which considers strategic plans for short and long-term planning.
- Planning session during the last quarter of the year.
- Continuous Education thru seminars, workshops and skill building programs
Our core values
- Honesty
- Integrity
- Respect for People