CSR – ENTERPRISE DEVELOPMENT

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.

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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.