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Dinagat Islands Credit Surety Fund, Launched

09.12.2018

Dinagat Islands Credit Surety Fund, Launched

The Dinagat Islands Credit Surety Fund (Dinagat CSF) is the 53rd Credit Surety Fund in the country. The Memorandum of Agreement (MOA) officially creating the Dinagat CSF was signed yesterday at the Provincial Guest Center, Capitol Compound, Cuarinta, San Jose, Dinagat Islands. BSP Monetary Board Member V. Bruce J. Tolentino and Dinagat Islands Provincial Vice Governor Benglen B. Ecleo led the MOA signing.

The Dinagat CSF, which will soon be known as Dinagat Islands Credit Surety Fund Cooperative after its registration as a special type of cooperative with the Cooperative Development Authority, is a multi-sectoral undertaking aimed at improving the lives of Dinagat Island-based entrepreneurs. Through the Program, micro, small and medium enterprises (MSMEs) are given an equal and fair access to bank credit.

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