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MUTUAL SAVINGS & CREDIT COOPERATIVES OF THE PHILIPPINES

MSCCP Bldg., Gen. Tirona Hi-way, Capt. Sarino St., Dulong Bayan, Bacoor, Cavite Philippines 4102

Tel No. 046-481-5551 Fax No. 046-434-5271

Website: http\\www.msccp.ph

MSCCP HAS INAUGURATED ITS BRAND NEW HEAD OFFICE BUILDING In Dulong Bayan, Bacoor, Cavite

MSCCP is a Pilipino savings and credit cooperatives network created with the support of the International Center of Credit Mutuel, a non for profit organization belonging to the group Credit Mutuel, the second largest French Cooperative Bank. MSCCP mission and vision is to build a sustainable network of cooperatives providing financial services to the largest part of the population with emphasis on those people who have no access or who cannot afford to have access to the traditional banking sector.

Speeches of special guests warmly supported MSCCP action. Atty Niel A. Santillan, National Executive Director of the CDA (Cooperative Development Authority) praised benefits of MSCCP approach based on savings education first in order to avoid over indebtedness bad cycle. He also emphasized the chance to benefit of the support of a leading Cooperative Bank, Credit Mutuel, and of the expertise of its non-profit organization (CICM) Dr. Emmanuel M. Santiaguel, Provincial Cooperative Development Officer (PCDC) also attended the event, congratulated for all those achievements so far and assure MSCCP that it can count on PCDC warm support and assistance to help its development. Hubert d’Aboville, Chairman of the European Chamber of Commerce of the Philippines, congratulated elected officers and employees for their involvement in such a work that contribute to the socio economic development of their country and financial empowerment of their communities.

On Saturday, May 22, the event was well attended by a total of 220 invited special guests, MSCCP elected officers and personnel. This building is the living symbol of how strength modern and trustworthy MSCCP is. It is also the symbol of the fast growing development of MSCCP who serves already almost 10 000 members in 12 branches around Cavite Province and plan to be a nationwide network.

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Didier Chalumeau, Chairman of the French Chamber of Commerce in the Philippines, told that based on what he saw and learnt from MSCCP operations, he was glad to declare that social responsibility of this company is not only words but here, it is acts.

Georges Coudray, Chairman of Centre International du Credit Mutuel, France, assured MSCCP that it can count on Credit Mutuel for help to move on faster and congratulated MSCCP to have been able to expand its network to serve the needs of a growing number of its fellow countrymen. He declared “we share your project that will lead to a nationwide self sustainable network. The French Credit Mutuel is willing to help you but it can’t and won’t replace you.

We are not here to create a subsidiary of the second largest French bank. We will help you to build and strengthen your own banking and financial network, belonging to the MSCCP members and benefiting the entire population of your country”. Mr Ronelo Dumaguing, Chairman of the BOD of the MSCCP Federation, declared that MSCCP development will lead to a national institution that can bring an “economic revolution” to the Philippines. Mr Pierre Coupard, General Manager of the MSCCP Federation, thanked all the guests and acknowledged the fruits that MSCCP can harvest today: 12 branches, 10000 members, 15M Php deposit and 10M Php outstanding loans. He thanked all the MSCCP teams who has made this possible and will make possible to reach the goals that all our special guests have described above. After the ceremony, a motorcade led by a truck full of marching band started. 11 jeepneys were hired to transport the attendees from the MSCCP Bldg., to the General Assembly venue at the historical Tejeros Convention Center at Rosario, Cavite, adorned with MSCCP tarpaulins and banners.