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House Models

January 28, 2011 Comments off

Photos of DepED-NEU House Models for Economic Housing, from 650,000 to P1.2 Million or payable from P5,000 per month to P8,000 per month for 30 years. Click on the picture to enlarge.

 

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Tindahan ng Unyon

December 15, 2010 Comments off

TINDAHAN NG UNYON PROGRAM:

The second Banner CNA Program involves the basic necessities of DepED-NEU members: food and other household needs.

DepED-NEU aims to provide the needs of members and other employees and prevent them from resorting to borrowing cash from loansharks just to be able to buy what their family needs.

The TINDAHAN NG UNYON is simply a bulk-buying arrangement with bridge financing.

By buying in bulk, the union takes advantage of the economies of scale — meaning the more you buy, the bigger the discount and the lower the costs will be.

Bulk-buying reduces the advertising and marketing costs of the suppliers. The savings in costs are, in turn, passed on to the buyers. However, since suppliers are only able to pass on their savings if purchases are made in cash or cash equivalents, the TINDAHAN NG UNYON makes use of an available low-interest bridge financing facility.

The TINDAHAN NG UNYON, thus, aims to:

1) Stretch the value of the members’ income by enabling them to buy more commodities with the incomes that they currently make;

2) Ensure that members’ get more value for their money by guaranteeing the quality and the continuous supply of the available commodities that are for sale; and

3) Remove the need for members to borrow from usurers and loansharks by maximizing the value of the discounts that they get with low-interest bridge financing. For example, if the discount is 15 percent and the bridge financing rate is eight (8) percent per annum, then members still enjoy a net discount of seven (7) percent; and

4) Members get additional benefit by accumulating points with each purchase. These points are convertible to the value of goods that they need as additional discounts or used to buy the commodities they need.

For the TINDAHAN NG UNYON, DepED-NEU has partnered initially with SM Supermarket as the supplier. Negotiations are underway with Robinsons’ Supermarket and Gaisano.

The Government Service Insurance System (GSIS) will provide bridge financing at an annual effective interest rate of only eight percent.

Under the program, members and other employees in a division are asked to pick the foodstuffs, groceries and their other household needs in a checklist to be supplied by DepED-NEU. The checklists include an Authority to Deduct addressed to the accounting office/ payroll division/ paymaster/ cashier in favor of GSIS.

These consolidated checklists will be submitted to SM Supermarket for confirmation stock availability and issuance of confirmation of sale to be submitted to GSIS for financing in the form of loans to members. GSIS pays SM Supermarket directly which then delivers the ordered goods and packaged per checklist.

The members pay GSIS directly in monthly installments through salary deduction over a period of three to six months. Therefore, the effective annual rate will only be four (4) percent for a six month-loan and two (2) percent for a three-month loan.

Anything that can be purchased from SM Supermarkets, including rice, sugar, raw meat, fish, cold cuts, grocery items, shoes, clothes, kitchen utensils, furniture and appliances are eligible under the TINDAHAN NG UNYON.

Purchases may be for personal use or for the members’ or employees’ retail store livelihood business.

The TINDAHAN NG UNYON Program will be implemented in the First Quarter of 2011.

For inquiries, please call Atty. Domingo B. Alidon thru (02) 637-1242, (02) 633-7247 or (0915) 302-5039 and Gerry Saudi thru (02) 546-8403 and (0907) 548-4818.

Pabahay ng Unyon

December 13, 2010 Comments off

PABAHAY PARA SA KAWANI / DepED Village
(with free Health Insurance and Life Insurance coverages — at no extra cost!):

The Members and Employees Housing Project is one of several DepED-NEU CNA Banner Programs that can be implemented even before DepED-NEU signs a Collective Negotiation Agreement (CNA) with management.

This can be done through a direct partnership between DepED-NEU and Ayala Land, Inc. (ALI), which is considered the most trusted name in real estate/ housing development in the country today. Ayala Land provides a 15-year workmanship warranty, which means if the unit suffers damage, ALI will repair it for free within 15 years, and a 50-year flood-free guarantee.

Under a Memorandum of Agreement (MOA) between DepED-NEU and ALI, only affordable but decent and durable housing packages will be developed for DepED-NEU members and DepED employees within a price range of P650,000 to P1.8 million or are payable only from P5,000 to P8,000 per month over 30 years.

DepED-NEU members and DepED employees may choose from ALI’s existing and pipeline projects or recommend new sites that are closer and more convenient to their places of work.

The selected units will be subject to Mortgage Take-out by the Government Service Insurance System (GSIS) and the buyer-members/employees will amortize their units with GSIS up to a maximum of 30 years at a fixed interest rate of eight (8) percent per annum, diminishing balance (meaning the amount of amortization will go down over the payment period).

Because all housing projects include a Mortgage Redemption Insurance (MRI) coverage, which means the loan automatically gets paid in full if the principal borrower dies, ALI agreed to provide buyers from DepED-NEU with a P100,000 Health Insurance Coverage by Maxicare and a P500,000 Life Insurance Coverage by Ayala Life.

DepED-NEU buyers do not have to pay extra for the Health Insurance and Life Insurance Coverages because they are free. This means that DepED-NEU buyers may stop paying for any other kind of Health Insurance and Life Insurance coverage because these coverages come free when you avail of DEpED-NEU’s housing benefit program.

The existing and pipeline housing sites are in the following:

Calamba, Laguna (10 mins from SM Calamba)
Imus, Cavite
Lipa City, Batangas
Antipolo City, Rizal
Pasay, Metro Manila
Balintawak, Quezon City
Malolos, Bulacan
Cabanatuan, Nueva Ecija
Tarlac City, Tarlac
Naga City, Camarines Sur
Legazpi City, Albay
Bacolod City
Davao City

For inquiries, please call Atty. Domingo B. Alidon thru (02) 637-1241/ (0915) 302-5039 or Gerry Saudi (02) 546-8403/ (0907)548-4818.