Geronimo Torres | May 30, 2017
Aboitiz Foundation formally turned over sewing kits along with a two-storey multi-purpose building last May 8 to Paknaanon Multi-Purpose Cooperative (PAMULCO) to provide further support its already wide-ranging operations. The sewing kits, provided through Pilmico, will augment the new business PAMULCO is building, a dressmaking shop.
The coop has continued to deliver good performance, upholding the spirit of cooperativism since its early beginnings. With a capital of PHP26,000 and 31 active members, its lone business was broom making, and PAMULCO has since grown into a multi-enterprise cooperative with credit services, a general store, and payment services. It currently has 560 active members with an asset amounting to PHP14.72 million. It has certainly put the knowledge and skills acquired from training with Aboitiz Foundation into good use.
This building’s location and condition gives us more function. We can assure you that beginning today our situation is more favorable in carrying out services beneficial to our members and in the community. This year, 2017, we are aiming to grow in asset to PHP18 million.
– Virgilio Aniel Sr., Chairman, PAMULCO
Aboitiz Foundation recognized the efforts of its partner cooperatives, the countless people around their local community that obtained opportunities to improve the quality of their lives.
It is always a privilege for Aboitiz Foundation to be working with the communities and organizations that do their best to improve their well-being. Aboitiz has been building a sustainable future not only for our business but also for our stakeholders. As we have been faithful of our commitment of helping people help themselves and promoting inclusive growth through our focus areas and one of which is enterprise development. May these donations became instruments for a more improved and better PAMULCO.
– Ms. Maribeth L. Marasigan, FVP and COO, Aboitiz Foundation
Aboitiz Foundation believes that the advancement of business and communities is integral to the development of our society and our country. Together with Aboitiz Group business units, the Foundation will accelerate its efforts and resources to drive change for a better world by co-creating communities that are safe, empowered, and sustainable.