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Cavite and Metro Cebu CSFs Formalize Partnership Agreement

01.13.2010

The Bangko Sentral ng Pilipinas' Credit Surety Fund program (CSF) marked yet another milestone with the launch of the partnership of Cavite Coopreneurs Surety Fund (CCSF) and Metro Cebu Coopreneurs Surety Fund (MCCSF) in a formal ceremony held 07 January 2010 at the Cavite Provincial Capitol in Trece Martires City.  This was attended by Cavite Provincial Administrator Aristides C. Velasco, representing Governor Ayong S. Maliksi and officers and members of both CSFs, led by Mr. Andres I. Rustia and Mr. Francisco Fernandez, Chairmen of CCSF and MCCSF, respectively. The ceremony was highlighted by the signing of the Memorandum of Partnership Agreement. Both parties agreed to provide technical assistance to each other in the areas of credit and risk management, technology, good governance and exchange of information.

Mr. Velasco lauded the creation of the partnership and stressed the need for inter-CSF cooperation to ensure that the program's objective of sustaining economic growth through increased credit flows is met. He also shared the Provincial Government's belief in the cooperative movement as its primary reason for staying at the forefront of the CSF program. The province's support for the cooperative movement is evidenced by its many firsts, which include being the first province to have its own CSF, and now, for opening the gates for inter-CSF cooperation jointly with the City Government of Metro Cebu.

Mr. Rustia reaffirmed CCSF's commitment to the program and promised to uphold cooperation with the MCCSF. He also shared his dream of countrywide inter-CSF cooperation in the near future. Mr. Fernandez, on the other hand, expressed MCCSF's desire to cooperate with CCSF in any way they can. He likewise thanked Cavite for serving as a model and for enduring growing pains that will make MCCSF's future, and indeed any CSF's already and yet to be established, less difficult. Both also expressed their appreciation for the strong commitment of their respective local governments to the cooperative movement.

Representatives of MCCSF also visited Manila for the two-day affair that culminated 08 January 2010.  They were exposed to some of the CCSF member-cooperatives' facilities and briefed with the Cavite government's efforts to promote cooperativism. They also attended the 2nd Carmona Business Forum hosted by Carmona Mayor Roy Loyola. The Forum is one of the activities being sponsored by the Municipal Government of Carmona to empower Micro, Small and Medium Enterprises and cooperatives in Cavite.

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