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Thursday, February 23, 2012 [ Home ]

Government Partners

The People’s Credit and Finance Corporation (PCFC) was established by virtue of Memorandum Order 261 & Administrative Order No. 148. Republic Act 8425 of 1998 or the Social Reform and Poverty Alleviation Act further strengthened the role of PCFC as the lead government entity specifically tasked to mobilize resources for microfinance services for the exclusive use of the poor.

Following its mandate to provide the poor access to credit and other microfinance services to uplift their economic status, PCFC wholesales short, medium & long term investment loans to accredited Microfinance Institutions (MFIs). These are Rural or Cooperative Banks, Thrift Banks, Non- Government Organizations (NGOs) and Cooperatives that implement credit assistance programs using any proven microfinance lending methodology to finance livelihood projects that can augment the income of targeted poor clients

News and Events

PCFC Carries on its 2011 CSR at the Tahanan ni Maria (Home for the Aged Foundation, Inc.) in Cavite

Jan 27

1/27/2012 12:18 AM

Based on the latest estimates from the government, more than 4% of the Philippine population belongs to the over 65 year-old age bracket. This translates to more than 4 million Filipinos who are in need of assistance in doing their regular activities and immediate health care services to address their declining health condition.

Renowned for its deep family values, Filipinos are also known to be loving and caring. Being a country with close family ties and strong respect for elders, it is heartbreaking and somewhat unusual to see elderly people being abandoned and neglected by their own families.

It is for this noble reason why PCFC, as part of its 16th founding anniversary celebration and to carry on its corporate social responsibility (CSR), once again embarked on a journey to Brgy. Lantic, Carmona, Cavite. PCFC shares its blessings to the residents of Tahanan ni Maria, a community for the abandoned elders managed by the Home for the Aged Foundation, Inc.

More than 50 abandoned and neglected elders are housed at the 2-hectare facility. Every year, their numbers are increasing while daily needs such as food, medicine, adult diapers, etc. are dependent on donations of fervent supporters who believe in the ministry of the foundation. Payment for administrative expenses such as utilities and maintenance costs are hardly being obtained and may be settled only if there are excess donation from sponsors.

Only one social worker is deployed at the Tahanan ni Maria as the facility lacks the fund to hire additional ones. To temporarily address the need for additional social workers, the elders are presently being taken care of by volunteer caregivers.

On 6 October 2011, the administrators of Tahanan ni Maria welcomed the representatives of PCFC headed by its President and CEO Edgar V. Generoso. Ms. Susie Medina, the foundation’s PRO, facilitated the group to a tour around its facilities. Most of the elderly residents are septuagenarians or older, the oldest among them is a 99-year old grandmother. Despite obvious emptiness and loneliness in their eyes, the elders still manage to give a very welcoming smile to the visitors.

The highlight of the visit was the turn-over of PCFC donations for the elders consisting mostly of food items and and sacks of rice to supplement the daily needs of the grandparents.

According to the administrators of the orphanage, PCFC’s donations will come a long way as they strive to give better living conditions to the elders who, at this point in time, are most worthy of all the care and comfort as they are in their twilight years, ought to be the best years of a person's life -- reliving the good old times and letting bad memories fade away.