CSR

CSR – ENTERPRISE DEVELOPMENT

Aboitiz Foundation extends assistance to small-scale coops

Aboitiz Foundation has extended microfinance loan packages to various cooperatives in Albay, Batangas, Benguet, Cebu, and Davao to help them in their livelihood activities, which include swine fattening, farm productivity and livelihood development projects, among many others. A series of MOA signings conducted over the months of June and July sealed the loan agreements.

Supplementing these loan packages were capability-building and livelihood skills training programs that the foundation will conduct to ensure that these livelihood projects become self-sustaining.

EMPOWERING COOPERATIVES. Davao Light Chief Operating Officer Art Milan and Aboitiz Foundation Manager for Enterprise Development & Microfinance Jennifer Sabianan in one of the MOA signings for loan agreements conducted over the months of June and July this year.
EMPOWERING COOPERATIVES. Davao Light Chief Operating Officer Art Milan and Aboitiz Foundation Manager for Enterprise Development & Microfinance Jennifer Sabianan in one of the MOA signings for loan agreements conducted over the months of June and July this year.

Hedcor extends microfinance loans to Benguet cooperatives

Hedcor and Aboitiz Foundation awarded a microfinance loan amounting P990,000 to Lamut Norte Consumer Multipurpose Cooperative to support its cut-flower production projects. Lamut grows and sells Malaysian mums, anthuriums, and other varieties of Benguet cut-flowers.

Aside from Lamut, Hedcor and Aboitiz Foundation have provided similar loan assistance to cooperatives in Benguet. These are Sal-angan-Banget Multipurpose Cooperative in Itogon, Barangay Alapang Multi-purpose Cooperative (BALMUCO) in La Trinidad, and Thanksgiving Cooperative in Tuba. The latter received a financial loan worth P600,000 for its members’ swine-raising project.

To sustain the progress of these microfinance groups, Hedcor conducts seminars on accounting for non-accountants, financial accounting lectures, and leadership trainings.

SUSTAINING PROGRESS. In addition to financial assistance, Lamut Cooperative members like Bernard Waknisen, seen here tending to plots of tenderling Malaysian mums, also receive trainings on coop management.
SUSTAINING PROGRESS. In addition to financial assistance, Lamut Cooperative members like Bernard Waknisen,
seen here tending to plots of tenderling Malaysian mums, also receive trainings on coop management.