Felicidad Homes: Starting with Model 2 NOT Model 1?

01. My post in February 2006 ("Felicidad Homes Model 1 - A Home-for-the-Elderly: Concept & Economics") has elicited interest from some people. Some sent me emails asking if I could already accomodate their own Elders. Some also expressed their desire to be Founding Cooperators in my envisioned Cooperative-owned Home-for-the-Elderly. But still my search for the "Magic 30" as Founding Cooperators has yet to materialize. To pursue my envisioned "Model 1" needing P15 million Paid-up Capital, Founding Cooperators would have to invest P500K each with a targeted 100% ROI in 5 years.

02. My original "Opening Date" (3Q2006) has gone by. But I am not giving up. Instead, I now propose Model 2 as a down-sized version of Model 1. Consider:

• Share Equity - P300K (M2) instead of P500K (M1)

• Founding Cooperators - 15 persons (M2) instead of 30 (M1)

• Lot Size - 240 sq meters (M2) instead of 2000 sq meter (M1)

• Accomodation - 6 Single-Occupancy Dwelling-Units for Elder-Tenants (M2) not 30 (M1)

• Marikina Location - MeteorHomes, Bgy Fortune (M2) not Bgy Mkna Hts (M1)

03. Given the same "Basic Package-of-Services" and its "Cost-of-Residency" (earlier defined in Model 1), it is appears that 100% ROI could be attained in 5 years - with the planned expansion of our Model 2 into other MetroManila Residential Subdivisions.

04. I plan to hold a "Brainstorming Session" for MetroManila-based prospective Founding-Cooperators before Year-end 2006 - probably at the Sagip-Ka Foundation Office, Marist School, Marikina City. If seriously interested to join our Cooperative, kindly send me an email at the soonest. God bless.

Ernie