Aboitiz Foundation extends assistance to small-scale coops
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.
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.