You are on page 1of 2

October 6 DIPOLOG CREDIT SURETY FUND IS ONE YEAR OLD The Dipolog Credit Surety Fund (DCSF) will

be the answer to our aspiration of developing more entrepreneurs in Dipolog City. We envision a city with a vibrant economy and a people with better quality of life for I believe that economic empowerment is necessary if we have to make our people active participants in the growth and development of our city, underlined Mayor Evelyn T. Uy, in her inspirational message delivered during the observance of the 1st anniversary of the Dipolog Credit Surety Fund last October 5, 2011 in front of several cooperative organizations and local bankers at the Function I Room of Top Plaza Hotel. Highlighting the founding anniversary of DCSF were the Induction of Officers of the DCSF, the Signing of Trust Agreement with the Development Bank of the Philippines & Industrial Guarantee and Loan Fund represented by their Branch Manager, Ms. Russellita P. Murallon, and Land Bank of the Philippines represented by their Regional Head/Assistant Vice President Mr. Khurshid U. Kalabud, and LBP Manager, Madeline V. Mopon, and the Dipolog Credit Surety Fund represented by their Chairman/Chief Executive Officer Ms. Viola Ad. Pino of the Dipolog City Government Employees Multi-Purpose Cooperative and DCSF Treasurer Odanita M. Alvar of the Medical Mission Group Hospital & Health Services Cooperative. A ceremonial turn-over of contributions of the two banking entities (DBP and LBP) including that of the LGU Dipolog was undertaken and witnessed by all DCSF member-cooperatives, and Bangko Sentral ng Pilipinas representative, Mr. Gary V. Maningo. It was learned that the Dipolog Credit Surety Fund is a project of the Bangko Sentral ng Pilipinas, organizing some 13 interested cooperative entities throughout the province to assist them in their funding and expansion needs through credit from its donor banking entities, the DBP and LBP. The officers inducted into office by Mayor Evelyn Uy were: Viola Ad Pino - Chairman/CEO (Dipolog City Govt. Employees & MultiPurpose Cooperative) Dr. Jessie D. Tiu Vice Chairman (Zamboanga del Norte Cooperative Hospital) Odanita M. Alvar Treasurer (Medical Mission Group Hospital & Health Services Cooperative Hernani T. Villanueva Board Secretary (Sta. Felomina- Mibang Motorcab Drivers & Operators Cooperative) Rizalito Sy Member (Holy Community Development Foundation, Inc.) Precioleta E. de Castro Member (Sindangan Farmers & Teachers MPC) Sanie N. Pelpinosas Member (Center fo Social Concerns & Development, Inc.) Pedro Despi Member (Zamboanga del Norte Teachers & employees MPC) Alfredo R. Saldariega Member (Estaka Central School Teachers, Employees & Retirees MPC) Russellita P. Murallon Ex-Officio Member (Development Bank of the Philippines/Industrial Guarantee & Loan Fund Madeline V. Mopon Ex-Officio Member (Land Bank of the Philippines) Romeo C. Reyes Ex-Officio Member (City Government of Dipolog)

With the signing of the Trust Agreement with DBP and LBP, the DCSF cooperative members are now assured that some 13 million pesos will now be available for credit for those coop members who wish to venture into other businesses or expand their MPCs for the welfare of their members. (CIO-prr)

Mayor Evelyn T. Uy (leftmost) formally inducts the officers and members of the Dipolog Credit Surety Fund last October 5, 2011. (CIO)

You might also like