Sunday, May 26, 2019

Abrigo: Economic revolution by faith

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PUTTING your money in a bank is trust and putting your money in Kapa-Community ministry is faith.

Since 1397 when the first bank in the world opened in Italy until today, both accountholders from medium entrepreneurs to giant capitalists were contented with how the banking industry serves their needs from trusts to credit lines.

As a trust company, banks usually set brackets of the average daily balance for a client to enjoy a higher interest rate as regulated and supervised by the Central Bank, to safeguard the money. By and large the system works well to the elite worldwide for seven centuries.

Kapa, on the other hand, is a faith-based alternative, designed for bourgeoisie down to the grassroots if you may call it. Faith, the bible says can transform simple matters into unexplainable phenomenon, like moving a mountain and the falling down of Jericho walls.

The members believe on this coaching that from the huge mountain of poverty, faith is the only leverage for a realistic economic stability. And so, putting-up money by faith, blessings are feasible even beyond 30 percent interest which is astronomically high at par with the banks can offer.

If banks are taxed, Kapa having a juridical personality is also subject to six percent tax in excess to P250,000 donation received under the Train law.

Because Kapa is founded by faith and fortified with legitimate documents, no one can hastily order to close. They are not defiance with the law nor are there aberrations in the operations. Like a bicycle, desired speed and balance is maintained unless one will suspend the pedals. So far, members are well compensated, the standard of living of the donors is visibly improved, and so there is no legal basis to end.

In the recent cease and desist order issued by SEC, Kapa went straight to the court but their petition for temporary restraining order was denied by RTC Judge Joyce Kho Mirabueno of Branch 58 in General Santos City on the grounds of jurisdiction. Kapa should have sought legal remedies with the SEC main office and not with the RTC.

If it is true that Kapa strength is about two million, the very least thing they can do to hold their position is to form a wide sea of humanity or a signature campaign. Because this number is even larger than that of the EDSA People Power in 1986, enough to petition for a congressional inquiry in aid of legislation to reinforce faith-based organizations like this. Else, let the public bark until a new dawn of economic prosperity is seen through faith that works!


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