18 coops get loan packages from Aboitiz Foundation

Eighteen organizations received P4.5 million worth of microfinance packages from Aboitiz Foundation to help them pursue sustainable income-generating opportunities.

Online PR News – 22-September-2011 – – Eighteen organizations received P4.5 million worth of microfinance packages from Aboitiz Foundation to help them pursue sustainable income-generating opportunities.

The checks were turned over to representatives of the organizations, 14 of which are new ones being supported by the Foundation, last August 21. The assistance extended to the organizations is part of the Foundation’s Aboitiz Business Assistance and Guidance (ABAG) program.

“Helping coops pursue sustainable income-generating activities is a way of bringing about growth in the countryside. If these will be disseminated across Cebu, there will come a time that Cebu will become self-reliant,” said Sonny Carpio, Foundation EVP & Managing Trustee.

“What’s good with our beneficiary is that they pay on time and avail themselves of the rebate,” he added.

Cepriana Mumar, acting assistant Cooperative Development Authority 7 director, urged beneficiaries not to neglect their responsibilities and not waste the help and trust of the Foundation. She also challenged the associations to graduate into a cooperative and have their names registered with CDA.

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Contact Information
Yhol Colegado
Aboitiz Equity Ventures
Gov. Manuel Cuenco Avenue, Banilad Cebu City
Cebu City Province, 6000

4111757