PHILERGY German Solar Partners with DSE (BSP)

Credit Cooperative for New Solar Loan Offering

Manila, Philippines - Last March 13, 2019, PHILERGY German Solar’s Managing
Director, Jochen Staudter (@solarjoe.ph), spoke in the Department of Supervision and
Examination - Bangko Sentral ng Pilipinas (DSE BSP) Credit Cooperative’s 54th
General Assembly at the Bangko Sentral ng Pilipinas Headquarters.
As part of PHILERGY German Solar and DSE BSP’s partnership, Joe presented to the
cooperative members its newest loan offering, the Solar Energy Solutions (SES) Loan,
which offers three solar home system packages priced exclusively for members. The
packages are modeled after the most availed system sizes for residential clients:
savings for (1) 3,000php, (2) 5,000php, or (3) 10,000php per month. These are all-
inclusive prices, from consultation to installation and with zero downpayment installment
options through the cooperative’s financing.
We want to offer a way how to solve the cost burden because in the end, electricity is a
major cost burden for house and business owners. We believe we should stop paying
too much and we can do that by producing our own free and clean energy, Joe shared
in the assembly.
This partnership hopes to bring solar energy to more homes in the Philippines in an
effort to lessen dependency on the continuous increase of one of the highest electricity
prices in Asia.

We are your reliable partner in better, cleaner and cheaper energy in the Philippines.
 OUR PHILER GY GERMAN SOLAR PR OMISE

For ove r 9 years wi th thou sand s o f solar panels installed , PH ILER GY Ge rman Sola r ha s been uni ting fine st workman ship ,
top o f the line German- made equip ment, and exce ption al cu sto mer ser vice to p rovide reliable solar en ergy solu tions to
every Filipino .

To d ate , ove r 800 homes and bu sine sses in th e Philippine s e xperience ou r p assio n o f delive ring the PH IL ERGY p romi se
of quali ty, e ffi cien cy and re liabili ty, always pu tti ng the we lfa re o f our clien ts first, no ma tter how much e xtra mile s are
required . By con tinuou sly ed uca ting , ad voca ting and tran sformin g the mind set o f Filipino s toward s producing free an d
clean energ y on e very roo f, we foster and shape th e renewable e nergy land scape o f the Philippine s da y by day.

OUR SOLAR JOURNEY

Wondering wh y so lar e nergy is no t a common p referen ce in a tropi cal coun try wi th unli mi ted sunshine , and stun ned
by how exp ensi ve and unsu stainable th e ele ctrici ty sup ply is, ou r German eng ineers de cided to install a solar system on
their o wn bou tique ho tel u sing the sa me Ge rman ma terial s and proven quali ty ben chma rks with the ir so lar co mpan y back
in Eu rope .
DEPARTMENT OF SUPERVISION AND EXAMINATION (BSP) CREDIT COOPERATIVE

BRIEF HISTORY

Basic Laws that govern cooperatives

Republic Act No. 6938 – known as “Cooperative Code of the Philippines”

Cooperative Development Authority– the agency in charge of the registration and regulations of
cooperatives, otherwise referred to as the CDA, the regulatory board in cooperatives.

Objectives of Cooperative

The primary objective of a cooperative is to provide goods and services to its members, such as:

Provide maximum economic benefits to its members,

Teach them efficient ways of doing things on a cooperative manner,

Propagate cooperative practices and new ideas in the business management, and

Allow lower income groups to increase their ownership in the wealth of this nation.

Brief history of the Cooperative

Founder – Mr. Platon Bruno

He entered this bank under the then Department of Supervision and Examination (DSE) and initiated this
credit cooperative which aimed to provide financial assistance to the personnel in the department who
were prohibited from obtaining loan from banks under their supervision.

December 8, 1965 – registered with the Department of Commerce and Industry under the name
Department of Supervision and Examination (CBP) Cooperative Credit Union, Inc.

Cooperator’s Initial Capital

Seed capital was only P2, 250

Initial Operation Credit

Initial loan granted was P50.00 per member

Governor Gregorio C. Licaros allowed using the CB’s IBM programmed payroll deduction facility.

Cooperatives Profiles

June 17, 1975, the credit union was re-registered with the Department of Local Government and
Community Development’s Bureau of Cooperative Dept. as a pre-cooperative and was confirmed by the
Cooperative Development Authority (CDA)

February 22, 1978, the cooperative made its amendments to its Articles of Cooperation and By-laws,
changing its name to Kilusang Bayan for Credit, Inc. and its status from pre-cooperative to full-pledged
cooperative. Further amendments as required by CDA, included the change of name to DSE (BSP) Credit
Cooperative.
Presidential Decree No. 78 in the late seventies hastened the growth of the credit union which allowed
accepting investors from other departments and offices of the Central Bank.

Investors enjoy all rights and privileges of a member except the right to vote and be voted upon.

COOPERATIVE VALUES

Prudential fund management

Higher revenues

Higher than market interest rates on deposits

Higher dividend/returns on share capital

Efficient service

Effective operations

Continue vigorous campaign for more savings among members and investors thru regular build-up of
the share capital and regular savings and time deposits;

Continue close monitoring of the economic development of the nation, particularly on interest rates
fluctuations so as to maintain a sustainable and competitive interest rate structures of the DSE (BSP) CC
lending and deposit operations;

Continue study on new productive business ventures as investments outlets of Credit Cooperative
members, investors and staff to further uplift their living standards;

a high standards of qualifications for those who will seek elective position to the board and committees
to maintain the high quality of management and supervisory services to the credit cooperative; and

Continue adherence to the objectives and ideals of service thru cooperatives among its
members/investors and staff.

MODERNIZATION

volume of transactions grew, changes and improvements in the services and operations of the credit
union were affected. Computerization now provides a faster and efficient servicing of:

Deposit/withdrawal
PHILERGY German Solar Philippines is your reliable, highest quality solar energy
installer, solar power system and solar panel supplier in the Philippines with German-
made solar equipment combined with experienced German Solar engineering. All
installations come with up to 25 years warranty for homes and businesses, and options
for flexible financing without collateral and additional fees. We are a solar company with
headquarters, office and showroom in Manila, Philippines with German management
and top of the line solar standards.

Contact
GLOBE: +63 917 329 2112

EMAIL: service@philergy.com
#solarenergy #solarenergyphilippines #bsp #dsebsp #solarpanel #
germansolar #solarphilippines #homesolarsystem #solarpower #g
ermansolarphilippines #solarpowerphilippines #solar #solarforcom
mercialandindustrial #solarjoeph

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