With the goal of uplifting living conditions of communities in Bikol Region, CCMF-Bikol renewed ties with Countryside Multi-line Cooperative (CMC), a multi-purpose farmers’ cooperative, and the Social Action Center (SAC) of the Diocese of Legazpi, through its Socio-Economic Development Program, in separate Memoranda of Agreement (MOA) for house renovations on May 26, 2006.
In the MOA with CMC represented by its manager, Erlinda Ilustre, CCMF-Bikol commits to finance CMC’s House Renovation Program in the amount of Two Million Pesos (P2,000,000.00) for house repairs or renovations of 680 clients in 10 municipalities of the province of Camarines Norte.
Established in 1992, the Countryside Multi-line Cooperative (CMC) has gained commendable experience in the merchandising business, community organizing projects with livelihood component, training programs, as well as lending for the last 16 years. The cooperative is now on its second year as CCMF-Bikol’s implementing partner for the Housing Program. Last year, the partnership paved the way for 45 low-cost and affordable houses to be constructed for poor families in Camarines Norte.
Under the agreement with SAC-Legazpi represented by its Executive Secretary for Administration, Sr. Gemma B. Dy, D.M., CCMF-Bikol agrees to provide the amount of Five Million Pesos (Php 5,000,000.00) as House Renovation Fund for house repairs or renovations to less privileged families in various communities in Albay. SAC-Legazpi’s Socio-Economic Development Program serves 19 municipalities.
Both agencies concurred to return said funds to CCMF-Bikol within one (1) year from their release.
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