MAGNIFICAT

Community Development Solutions

The economic power of the poor and
the marginalized people: UNLOCKED

Not merely giving alms, but rather

helping them to help themselves
unlock their latent economic power.

Copyright © 2023 Community of Faith Development Corp. All rights reserved.

THE SUSTAINABLE SOLUTION
TO ERADICATE POVERTY
The Community of Faith Development Corporation
(FaithCor), a company registered under the
Business Corporation Act of the Province of British
Columbia, Canada is dedicated in delivering the
environmentally friendly, sustainable and inclusive
Magnificat Community Development Solutions
(Magnificat) to eradicate poverty.
FaithCor operates a digital media platform via a
Joint-Venture Agreement with Magnificat Central
Credit Cooperative (MCCC) in the Philippines. MCCC
serves as the central source of social, economic,
fintech, management, educational and (agricultural,
industrial and medical) scientific solutions for the
Philippine Cooperatives (Co-ops). Magnificat will be
replicated in other developing and least developed
countries.
 Philippine Cooperatives
at a Level Playing Field with Corporations
The Local Government Code and the Cooperative Code provide the following
benefits and privileges to the Co-ops:
 The earnings of the members are exempt from the 20% Withholding Tax.
 Purchases of individual members from merchant members are exempt from
12% Value Added Tax.
 Importation of Co-ops are exempt from Customs and Tariff Duties.
 Co-ops organized by government employees enjoy the free use of available
space in their agency, whether owned or rented by government.
 The Net Surplus of the Co-ops is allocated to finance the free medical
services and education of the members and their dependents.
 Co-ops have priority in leasing government infrastructures.
 The Supreme Court had ruled that conflict with existing laws and regulations
shall be resolved liberally in favor of the Co-ops and their members.
 FINANCING PLAN
First Round
Source Prospectus Registration Exempt
Private Placement
Under the guidelines of National Instrument 45-106
 Amount: $1,000,000.00
 Class A, Common Shares
 Price: $1.00 per Share.

Use of Proceeds
 To finance the deployment of the Digital Platform
in a 5th Class Town as the model. Majority of the
population is composed of poor people.
 Near-term Basis: Within 6 months from Private Placement
Source Initial Public Offering
 IPO at the Canadian Securities Exchange with
co-listing at the Philippine Stock Exchange.
 Amount: CAD$10 million
 Estimated Price: CAD$10.00 per Share
Use of Proceeds
 NTC License Fees
 National Deployment of the eCommerce, Fintech
and eLearn Apps
 Medium-term Basis: 3 months from IPO
Source Bond Issue and Convertible Debenture
 CAD$250 million Bond Issue
 CAD$1.2 billion Convertible Debenture Offering
participated by Co-ops with guarantees of the
Local Government Units.
Use of Proceeds
 Capital Expenditures and Operating Expenses of
Access Points that include the Geographically
Isolated and Disadvantaged Areas (GIDAS).
 5% to 10% participation commitment of MCCC as
Manager of Big-ticket Loan Syndication for Co-ops.
 4. Long-term Basis: 3 years from IPO
Source Follow-on Public Offer (FPO)
 Uplisting at the NYSE
 Amount: US$1.2 billion
 Common Shares
 Estimated Price: US$20.00 per Share
Use of Proceeds
 Global deployment of Magnificat Solutions
 Corporate Mergers
 Acquisition of Intellectual Properties
Other Sources of Funds to
Finance the Co-ops:
Cash flow at the BOEP

1. KO-OP KASH payment

transactions, particularly
the powerless members of
Co-ops are acquired by
MCCC amounting to at
least ₱ 6.1 trillion.
 Other Sources of Funds
to Finance the Co-ops:
R.A. 10000 Loans
2. Origination, Placement,
Management of big-ticket
syndicated loans of Co-ops
participated by banks
mandated by R.A. 10000 (an
Act known as the Agri-Agra
Reform Credit of 2009), to
allocate 25% of loanable
funds. Source: BSP, August 2022
 Target clients

Cooperatives
Corporations
Governments
Multinationals
Multilateral Institutions
Research and Development Institutions
Business Model: Digital Advertising
Clients are provided with Business Analytics (BA) to make fast,
accurate and timely decisions based on the data acquired from the
transactions of the Co-ops. BA will provide clients solutions in
absolute values generated by Artificial Intelligence based on the
background information, accurate projections of economic,
financial, social, political, market and weather conditions.
Examples:
Producers down to the level of the small retailers of consumer
products could determine the economic order quantity of raw
materials and finished products based on the preferences, demand
and location of the target markets.
The current and projected prices of rice, corn, coconut, coffee, sugar
and other agricultural products are accurately calculated for local
and international sellers (including the small farmers) and buyers in
the physical and futures markets. This will also guide the
government as the buyer and seller of last resort to maintain
stability of supply and prices of agricultural products.
 Sources of Data
The sources of data are
generated from the
transactions of the Co-ops,
members and stakeholders.
These would include the
research work of the
university and college
professors and students,
manufacturers of capital
expenditure and
operating inputs of the
Co-ops, logistics,
transportation and
payment transactions.
 Sources of Data

The Users of the Digital Platform (composed of

Apps and Internet Services) are the following:

1. The 11 million agricultural workers composed

of farm, fishery and forestry producers.

2. Participating Co-ops, stakeholders, and

members composed of 4.9 people per family.

3. Eleven Million Overseas Filipinos that send

regular monthly remittances.
4. Joint-Venture Co-ops engaged in techno-based
agriculture and undergoing digital
transformation.
 MCCC is FaithCor’s Philippine joint-venture
Strategies to Acquire Data Co-op responsible in the deployment of the
Digital Platform. Membership include the
rich and the poor, the powerful and the
marginalized indigenous people working as
one.
FaithCor provides feasible management
team (composed of altruistic active and
retired senior economists, financial
engineers, managers of government,
corporations, banks, technology companies
and other institutions) committed to
contribute their expertise to enable the
Co-ops compete and cooperate with large
Corporations.
DIGITAL PLATFORM
The following Magnificat Solutions have been
TECHNOLOGIES designed for the Co-ops in form of the
following Apps:
KO-OP KASH
KO-OP Banker, a fintech with an eWallet system
called KO-OP KASH was built on IOT’s KUSINGph
approved by the Bangko Sentral ng Pilipinas
(Central Bank of the Philippines) for Operators of
Payment Systems.
KO-OP MALL
Conversion of the public market into a warehouse
and online store under the Public Private
Partnership Agreement between the Mayor and
the Market Vendors Co-op.
DIGITAL PLATFORM
TECHNOLOGIES

KO-OP FARMING
Delivered to the Department of Agriculture.

KO-OP TRANSPORT
A ride-sharing and cargo delivery system.

KO-OP eLEARN
Currently used by the St. Michael College of Leyte.
 FaithCor through MCCC has the exclusive right to use the National
Telecommunications Commission assigned 800MHz and 10.5GHz
frequencies of TNRI Telecommunications.

DIGITAL PLATFORM
TECHNOLOGIES
DIGITAL PLATFORM
TECHNOLOGIES

INTERNET
COVERAGE
Urban, Rural and
the Geographically
Isolated and
Disadvantaged
Areas
MCCC supports the Poverty
Liberation Initiatives of the
Religious, Government and
Education Leaders
 1. Digital Advertising Income is derived from the users of
the Digital Platform:
Est. Users Contacts Income/Mo.
a) 90 days 100,000 400,000 $1,750,000
b) 120 days 500.000 2,000,000 $8,750,000
Sources of c) 180 days 2,000,000 8,000,000 $35,000,000
Revenues d) 360 days 5,000,000 20,000,000 $87,500,000

Average Revenue Per User (ARPU) in U.S. and Canada:

$4.50 per month. Philippines: $3.50 per month
Note: The monthly ARPU of Google is a minimum of $5.9 and
Facebook is $4.61.
 2. FaithCor receives 20% Royalty and Management
Fees of MCCC’s Net Income before Income Tax and
prior to declaration of Net Surplus from the following:
a) Lending income of MCCC net of cost of funds,
servicing and allowance for bad debts.
b) Temporary investment of Cash float of KO-OP
Sources of KASH transactions.
Revenues c) Internet Subscription Fees of Government,
Commercial and Institutional Users. (Note: Members
of Co-ops earning less than ₱60,000 per month use the
Internet for free.
d) Origination, Placement, and Collection Fees of
big-ticket loans of Co-ops.
 SHARE STRUCTURE
Shareholders Number of %-Total
with more than 10% Shares Shares
FaithCor & MFCPI 14,120,000 28.17%
IOT Technology Inc. 10,000,000 19.95%
Edgar L. Quinto 10,000,000 19.95%
Yalung Family and
TNRI Telecom 10,000,000 19.95%
Chung Nan Chang, PhD 6,000,000 11.97%
Total 50,120,000 100.00%
 MANAGEMENT TEAM
Mark Soh, Alberto Quilay and Albert Falcone are
the founders of FaithCor with a mission to
eradicate poverty. They have enjoined altruistic
development catalysts (composed of religious and
non-religious groups) to work as one with the Co-
ops that contribute their management, economic,
financial, industrial and scientific expertise in the
poor communities. The former bring prayers and
works in the poor communities. The latter
introduce the Economic Theory of the Invisible
Hand, promoting free enterprise based on
kindness, goodness, justice and equal opportunity
to all.
They will resign from the Board of Directors of
FaithCor to focus in the restoration of God in
every community by promoting prayers as
volunteers to sustain the development initiatives
of FaithCor.
They have proven that poverty persists not
because of social, economic and political
problems. Rather, these are the consequences of
poverty. The real cause of poverty is the
elimination of the role of God despite being
rooted on the Preamble of the Philippine
Constitution. Empirical evidence of persistence of
poverty is an indication of flawed development
initiatives.
The incoming Directors of FaithCor will contribute
their expertise to establish feasible management
teams of the Co-ops.
 MANAGEMENT TEAM
EDGAR “ED” L. QUINTO, Chairman, CEO from the subsequent middle-income and adversarial
The advent of the commercialization of the Internet 30 traps. The shareholder value of the members of the
years after it was developed as a new communications Co-ops is enhanced.
protocol, Ed introduced in 1997 the first online He was the first and the only Filipino-Canadian member
commerce, mobile banking, and payment systems for of the Trade Mission of the Canadian Prime Minister,
78 development banks in 33 countries in the Asia Jean Chrétien. He was invited to talk on rural
Pacific Region. development at the Asia-Pacific Economic Cooperation,
He contributes his broad experience in banking, the National Defense College, and the Rural Bankers
international trade and financial engineering in Association of the Philippines.
corporate finance to unlock the latent economic power In lieu of cash-based salary, Ed will be compensated
of the poor members working as one with the powerful with stock options that could be exercised one year
members of the the Philippine Cooperatives (Co-ops). from the first trading day of the shares of stocks of
He formulated environmentally-safe and sustainable FaithCor. He will be replaced by a new CEO that shares
development strategies based on the tax benefits, the noble vision of a world without poverty on or
privileges, financial and technology support of before March 31, 2023. He will continue to support
government mandated by Philippine laws that are only FaithCor by bringing prayers and works as a volunteer
available to Co-ops. The poor members are liberated in the poor communities to alleviate spiritual poverty
not only from the bondage of poverty trap, but also and eradicate material poverty.
 MANAGEMENT TEAM
ROLANDO AMALEO “Leo” D. LIRIO III, ECE,
President, COO and CTO
Leo brings to FaithCor his vision in engineering and
marketing field for two decades before he became
the President and CEO of IOT Technology,
Incorporated.
To magnify the movement of the “Internet of
Things” even more, in preparation for its Asia-wide
integration, he has founded the IOT Technology,
Singapore Pte. Ltd., a private company actively
operating in Singapore.
As the president and CEO of IOT Technology, Inc., he
projected a Machine-to-Machine (M2M) Platform
that enables available cloud technologies as well as
devices to communicate to a concept of an M2M
gateway using the available last-mile mobile
technology anchored on its non-telco-specific
objective, thus making the company’s service
Agnostic.
IOT Technology actively engages on both public and
private sectors to provide SMS services which leads
to provide an agnostic service offering down to an
environment that is secured and approved by IP
Security Groups. He aims to address the need of the
connectivity of machines suited even on the third-
world countries which brings people and devices on
the same level to create synergy, empowering
people to fulfill their last mile challenge in
connectivity.
 MANAGEMENT TEAM
MARIA RODORA EUGENIO “Baby” BAÑARES, She is actively involved in providing strategic
Director, Banking and Financial Services directions and plans for start-up companies which
Baby has an extensive experience either as a are into technology, financial technology,
President or a senior executive in the banking agritourism, and other sectors in technology-based
industry supporting small and medium-sized agri-related industries. These companies leverage
entrepreneurs and consumers as their target the information technologies of Internet of Things,
markets. She applies her banking expertise as Bank Digital Currency, Artificial Intelligence and Smart
Director, Strategic Consultant, and Investment City..
Consultant of Internet of Things companies, as well She is an Investment Consultant of Agriculture
as medium to large enterprises which need equity Industries providing end to end ecosystems in
financing.  agriculture including an open system school which
As a banker, she had special focus on the needs of serves as immersion site of students and offers
small and medium-sized entrepreneurs and master classes for Agripreneurs.
consumers.
 MANAGEMENT TEAM
EDYLINDA ANNETTE O. BALAOING-PELKMANS (PhD),
Director, Economic Planning and Trade Development
Annette is committed to bring her professional
expertise as a trade development catalyst and
professor in economics to enable the Cooperatives
compete and cooperate with small, medium and large-
sized corporations.
She obtained her economics MS from the University of
the Philippines and PhD from the Erasmus University
Rotterdam.
She had taught courses on Macroeconomics (EUR);
Seminar Courses on Multinationals and Financial
Markets (EUR); Labor Economics (EUR); Globalization,
Poverty & Inequality (EUR); International Economics
(UP); Trade and Development Policies (UP); Global
economic context & sustainable value chains (IUS).
She was the Project Lead for the following:
• Escaping the Middle-Income Country Trap, Erasmus
School of Economics, Rotterdam, Netherlands:
NWO-WOTRO
• Going against the Grain: Inclusive Business Models
in Agricultural Value Chains
• Big Data for Public Policy: Board of Investment-
University of the Philippines
• Challenges for Economic Diversification and
Productive Employment in the Philippines: ILO-
UNDP.
• Sectoral and Value Chain Studies in the BARMM:
ILO-Australian Aid, 2022
• EU-PH GSP++ study: ITC Geneva, 2022
• Industrial Policy, Economic Diversification, FDI and
Local Sourcing: ILO-International Training Center of
Turin, 2022.
 MANAGEMENT TEAM
The publications of Annette include the following:
• Exploring Opportunities for Economic Diversification and
Productive Employment in the Philippines: report for UN-
ILO, forthcoming
• Going Against the Grain: The Unifrutti Transformational
Business Partnership Model. Inclusive Business Model
Monograph Series, University of the Philippines Center
for Integrative Development Studies.
• Levelling the Playing Field for the Rural Poor through
Inclusive Agricultural Value Chains: UP CIDS Discussion
Paper, 2019-01.
• A new look at Philippine export performance: a firm-level
view. Philippine Review of Economics, 2017.
• Firm Export Survival: Micro-Evidence form the with H. v.
Heuvelen, J.M Viaene.
• Rules of Origin and the Web of East Asian Free Trade
Agreements, World Bank Policy Research Working Paper
no. 4273.
• Clothes without an Emperor: Analysis of the preferential
tariffs in ASEAN, Journal of Asian Economics, Vol., 19, Issue 3,
pp. 213- 223, June, 2008, with M. Manchin.
• Endogenous Protection in General Equilibrium: 
Estimating Political Weights in the EU, CEPR Discussion
Paper Series, no 6979, September, 2008, with J. Francois,
D. Nelson.
• Trade Impact Assessment of EU-India FTA,  IIDE Discussion
Paper, 200805-01, May, 2008, with J. Francois, M.
Manchin, & H. Norberg.
• Regional Trade Integration:  Philippine interests, EMERGE
-USAID, June, 2008.
• Current Patterns of Trade and Investment, in “ Pan-Asian
Integration: Linking East and South Asia,” Francois J., & G.
Wignarajan, ed.s., ADB, Manila, Palgrave Macmillan Press,
2009, with R. Scollay.
• Regional Trade in Asia: Role of Infrastructure, in “ Pan-
Asian Integration: Linking East and South Asia,” Francois
J., & G. Wignarajan, ed.s., ADB, Manila, Palgrave
Macmillan Press, 2009, with F. Francois & M. Manchin.
 MANAGEMENT TEAM
HORACIO B. “HB” YALUNG JR. Director, Information and Telecommunication and General Automation covers system design
Telecommunications and implementation, equipment acquisition and integration,
HB earned his Bachelor’s Degree in Industrial Management operational administration of government public utility franchise
Engineering, from De La Salle University in Manila, Philippines. He for telecommunication services, ( i.e. paging, trunking radio, rural
obtained his B.S. Computer Science, Software Engineering from radio telephony, public calling office, wireless/mobile P.O.S.
Allegheny College, Pennsylvania, U.S.A. He developed and wrote his terminal, terrestrial and GPS based mobile tracking and monitoring,
college thesis on wireless LAN in the early 80s, the precursor of the mobile public payphone, ship-to-shore marine coastal radio,
WiFi Router. cellular, terrestrial microwave and satellite based communication
backbone ) under Republic Act 4601.
He had Inter-collegiate collaboration with the students of M.I.T.,
U.C. Berkley, Carnegie Mellon University, and Stanford University, He established IP-based “e-telecenters” to rural areas that are
and multi-discipline Computer Science, Electromagnetic and unserved and underserved by telephones. Providing low-cost multi-
Atomic Physics, Electrical Engineering and Medical Science system, multi-format telecommunication interconnection and
associated development of a prototype 3-D Graphical interface interface solutions for the various telephone operators in the
software for Thermo-Magnetic Resonance Imaging System that country. Coordinating operational procedures between voice and
qualified him to receive an Associate Medical Degree in data telecommunication operator personnel and developing
“Instrumentation Medicine at Johns Hopkins University, Baltimore, documentations for the same.
MD., U.S.A. His Advanced studies and training included Meteor He had deployed and/or currently maintains multi-system wireless
Burst Technology, Wireless Local Loop Technology, Asean Regional connectivity throughout the country using IP-based microwave
Paging System, Design and commissioning of a Wide Area Voice and point-to-point and point-to-multi-point, and Broadband Satellite
Data Trunked Radio System in Waseca, Artificial Intelligence technologies for big telephone companies in the Philippines, and a
Systems and Technologies. consultant for government agencies and Airport Logistics Service
His Commercial and Industrial experience in the field of Provider.
 MANAGEMENT TEAM
EPHRAIM “EJ” GENERAL, Director and
Project Lead eLearn
EJ has the professional expertise in
Information Technology specializing in
Software Design and Development. He has
been in the I.T. industry for over 15 years.
His experience ranges from Network,
Hardware, Software Support to Custom
Software Development.
He is a School Director for Saint Michael
College (SMC) and responsible for the
upgrade of I.T. systems and curriculum
modernization. He handled different
programming courses as an Instructor for
Informatics Computer Institute. He developed
the Distance Learning Infrastructure to
support the hybrid learning format suggested
by CHED implemented in SMC, which will be
replicated in other schools province-wide and
in areas in the Geographical and Isolated
Disadvantaged Areas.
He is a co-founder of Pravatus Technologies, a
custom software development and IT
consultation company that focus on delivering
I.T. solutions to small businesses and a
Software Developer at Manitoba Public
Insurance.
 MANAGEMENT TEAM
FRANCIS C. LOQUE, Director
Francis is a Cooperative Revolutionary
acknowledged by the former Chairman of the
Cooperative Development Authority. His passion
to serve his fellowmen has found a niche’ in the
world of Cooperativism. He was described as the
teacher that became the ultimate cooperative
man as he exemplifies to the highest degree the He served as a Director of the Philippine Public
principles and values of that collectivist
counterculture that has indeed come of age.
He started his teaching career as Public School
Teacher until he became the Division Supervisor
of the Department of Education for the Caraga
Region. Upon his retirement, he founded the
Agusan Del Norte Teachers, Retirees, and
Employee Cooperatives, which is considered the
biggest teachers cooperative. He Is the current
Chairman of the Caraga Peoples Agriculture
Cooperative composed of farmers and fishermen
of the Caraga Region.
School Teachers Association composed of more
than 200,000 members.
Francis is committed to support the delivery of the
Magnificat Solutions to public schools teachers in
47,000 locations to be organized as Co-ops.
 MANAGEMENT TEAM
STEPHEN “SIB” I. BAÑARES, General Audit and
Chief Compliance Officer
SIB has extensive experience in banking, particularly
controllership, audit, systems and methods, and
branch operations. He worked in Security Bank for
more than 20 years and became the head of
Systems Division, after his 5-year stint at the Audit
Division and 6 years as Head of Branch
Controllership Division of the bank.
He transferred to Informatics Holdings Philippines,
Inc. as Controller and later became the Chief
Operations Officer. After 10 years with Informatics,
SIB went back to banking when he was hired by
Philippine Bank of Communications (PBCom) as VP –
Head of Process Management Group.
SIB had left PBCom and is now focused on doing
consultancy work and conducting seminars for banks
and other corporate clients. Among his seminar
programs are Accounting with Financial Statement
Analysis, Effective Internal Controls to Attain
Business Objectives, Crucial Leadership Skills,
Effective Business Communication, AMLA, to name a
few.
SIB is a Certified Public Accountant (CPA).
 MANAGEMENT TEAM

PROJECT LEADS
Orlando “Orly” S. Caranto, engineering and technical management of Infrastructure
Development
Temoteo “Boboy” P. Montano-Industrial engineering and design of pre-engineered steel
building materials.
Rommel D. Manlangit, Spiritual development initiatives of religious leaders
Zenaida “Zen” Castaño, Foreign trade and negotiation of Letters of Credit
 MANAGEMENT TEAM

The following officers will join on or before the Initial Public Offering of FaithCor

Chief Financial Officer

Business Development Officer
Chief Data Scientist and Artificial Intelligence
Chief Marketing Officer
Chief Security Officer
 MILESTONES

 Exclusive Right to use 800 MHz MOA with TNRI Telecommunications Inc., a Public
and 10.5 GHz Telecommunications Entity

 Acquired the Proprietary Apps 1. Bangko Sentral ng Pilipinas approved IOT as Operator of
of IOT Inc. Payment System.
2. KUSINGph an eWallet rebranded as KO-OP KASH
3. BayAniKita developed for the Department of Agriculture
rebranded as KO-OP FARMING.
4. TODA a ride-sharing and transport delivery App rebranded as
KO-OP TRANSPORT

 eLearn Exclusive License Pravatus Inc. extended Exclusive Global License Agreement to
FaithCor for cooperatives to be able to connect members, students,
professors and research institutions worldwide.