The People’s Development Trust Fund (PDTF) – a government initiated program centered on capability building of microfinance institutions and microenterprises – approved Abuyog St. Francis Credit Cooperative’s (AFCCO) the grant proposal. The grant aims to facilitate development of AFCCO to match the growing and evolving needs of its stakeholders.
AFCCO is focused on further strengthening its microfinance operations. The grant fund will be used to develop financial products that will meet the needs of its members. The cooperative sought the assistance of Social Enterprise Development Partnerships Incorporated (SEDPI) for product development. AFCCO and SEDPI’s partnership started in 2008. Since then, the two organizations implemented several programs and strategies that provided strategic direction to AFCCO and streamlined its microfinance operation.
This renewed partnership, along with the fund provided by PDTF, is hoped to provide AFCCO with financial products that will capture the needs of its members. Through this, the cooperative is expected to reach out to more number of people in Leyte and Southern Leyte.