BPI Foundation, PEF expand partnership | SunStar

BPI Foundation, PEF expand partnership

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BPI Foundation, PEF expand partnership

Thursday, April 14, 2016

Seated (L-R): PEF Deputy Executive Director Ricardo Torres, PEF Executive Director Roberto Calingo, BPI Foundation Executive Director Fidelina A. Corcuera, BPI Foundation Project Officer Ma. Teresa Lea L. Calalang; Standing (L-R): PEF Chair Benjamin Abadiano, PEF Trustee, Edith Villanueva, Fr. GranwellPitapit, Martiniano Magdolot (Contributed photo)

THE Peace and Equity Foundation (PEF) signed a Memorandum of Agreement with BPI Foundation for a three-year partnership with a P10-million investment to sustain the growth and nurture the entrepreneurial initiatives of entrepreneurs that seek to contribute solution to the social and economic problems of the Philippines particularly in agricultural communities.

In the last three years, BPI Foundation and PEF have worked on the development of enterprise models especially among indigenous communities.

PEF and BPI have continually pursued the process of growing social enterprises among the youth sector in separate efforts.

The partnership will serve cooperatives and registered-for-profit enterprises (corporations or sole proprietors) to provide sustainable employment and value added services to agricultural (upland and lowland) communities and coastal towns.

Value-added services may include market consolidation, production technologies, product designs, industrial engineering, or green technologies including renewable energy solutions.

This renewed partnership between PEF and BPI Foundation will pursue and scale up social enterprises for indigenous communities in the Philippines. (PR)

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