LGU Bayog, TIMMULCO seal partnership
LGU Bayog and Timbermines Multi-Purpose Cooperative (TIMMULCO) entered into an agreement for the grant of CALAMITY LOAN by the latter in case of disaster.
The signing of the Memorandum of Agreement (MOA) was done last February 7, 2018 at the Municipal Government Center where parties were duly represented by Hon. Leonardo L. Babasa, Jr., Municipal Mayor and Mario A. Baterna, Chairman, BOD-TIMMULCO respectively, witnessed by Abraham P. Capayas, MDRRMO, and Engr. Jeremias E. Florida, MPDC/BOD-TIMMULCO together with Hon. Berly Jate, Barangay Chairman-Poblacion and Renie U. Astillero, Project Development Officer III/BAMEA President/BOD-TIMMULCO.
Moreover, stated in the MOA that calamity loan extended shall follow the principles, policies and guidelines promulgated by cooperative banks/financial institutions and the LGU Bayog.