The Scholarship Program provides formal educational undergraduate training in Business Management and Entrepreneurship, with its special emphasis on social entrepreneurship, to gifted but economically challenged students who are willing to join CCMF in its mission to fight poverty in Bikol. It also provides selected priests and religious who are willing to collaborate with the CCMF in poverty alleviation from the parish level an MBA in Social-Pastoral Entreneurship. The Scholarship Program is implemented by the Ateneo de Naga University, which partners with the CCMF in all its Bikol projects.
Bachelor in Business Administration
The scholarship for a Bachelor's Degree in Business Administration has two undergraduate programs, particularly, Entrepreneurship and the Business Management Honors Program.
Through the scholarship, CCMF-Bikol intends to support the formation and creation of young entrepreneurs who will eventually become key players in the wealth creation and job generation in Bikol.
The grant is given to financially constrained students who possess above-average scholastic ability. The students as future business leaders and business counselors commit to help Bikol through social entrepreneurship.
The scholarship covers grant school fees, books, retreats and immersion as well as board and lodging.
Only in its first year, the Scholarship Program already boasts of academic achievers. Thirteen Madrigal scholars have made it to the President's List while eleven are in the Dean's List. To be included in the highly esteemed President's List, a student has to attain a 3.5 quality point index (equivalent to an average grade of 96%.) with no grade below 87% While to be a Dean's Lister, a student has to attain at least 3.2 quality point index (equivalent to an average grade of
For school year 2004 – 2005, there are thirty-seven Madrigal scholars while fifteen new slots will be available for school year 2005 -2006.
Master's Degree in Business Administration
The scholarship for the Master's Degree in Business Administration, Major in Socio-Pastoral Entrepreneurship (MBA-SPE), seeks the effective and sustainable development of local communities guided by the social teachings of the Church. CCMF-Bikol pursues this aim by training members of the clergy and religious congregations who can appropriate the theories, methods and strategies of business management and social entrepreneurship.
The program assists the scholars as they fulfill the pastoral mission of the Church. With special focus on interdependent priorities, namely, enhanced community participation, access to capital, livelihood and affordable housing, the program aims to equip the scholars as they motivate and guide parishioners towards development initiatives and self-reliance.
The first batch of MBA-SPE is composed of twenty-seven priests of the Archdiocese of Caceres and two sisters from the Daughter of Mary, a parish-based religious congregation. Most of the clergy are in the first ten years of priesthood. They have expressed that the program shall definitely assist them in their ministry especially in their efforts for social transformation and poverty alleviation.
The scholarship covers school fees and board. Classes are held in summer.
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