UCPB-CIIF Foundation Accepts 259 New Scholars For AY 2015-2016

UCPB-CIIF Foundation Accepts 259 New Scholars For AY 2015-2016

as 155 of its scholars graduate, 2 with magna cum laude and 13 with cum laude honors


Makati City, Philippines. The UCPB-CIIF Foundation, the social development arm of the UCPB Group and the Coconut Industry Investment Fund (CIIF) companies has accepted 259 new scholars to its collegiate degree and vocational-technical training program for the new Academic Year 2015-2016.

Of the 259 new scholars, 209 have enrolled in the four- or five-year baccalaureate degree programs of 11 state colleges and universities across the country and in eight schools in Metro Manila. The 50 others have signed up for 15- to 18-month training in the various vocational-technical courses of three Don Bosco Training Centers.

This brings to 2,400 the total number of children of coconut farmers who have received a UCPB-CIIF scholarship grant since the program’s launch in 2004.

Over half or 1,297 of the UCPB-CIIF scholars have graduated with 618 of them earning collegiate degrees and 679 obtaining vocational-technical training certificates. A high 15 percent of the collegiate graduates completed their courses with academic honors.

The recent graduates include two with magna cum laude honor - Leonie Consabo from West Visayas State University and Ma. Nur Hanifa Carnites from Mindanao State University Marawi (shown below) - and 13 with cum laude honor. In all, the program has produced two summa cum laude, seven magna cum laude and 84 cum laude graduates.

Close to 90 percent of the total graduates have found jobs here and abroad or have set up their own businesses or are pursuing further studies. The rest who have yet to find gainful employment are mostly fresh graduates who are still job-hunting or those who have decided to become full-time housewives.

More importantly, more than three-fourths of the scholar-graduates have become financially stable enough to be able to send money home to help out with the family expenses and with the education of their younger siblings.

The UCPB-CIIF Foundation set up a scholarship program to provide children of coconut farmers with the opportunity to acquire the requisite knowledge and skills so they can earn a decent living and support their family.

Funding for the program comes from UCPB, UCPB Savings, UCPB Leasing, UCPB Securities, CIIF Oil Mills Group, Cocolife, UCPB Gen and UCPB-CIIF Finance and Development Corp. Three companies under the Presidential Commission on Good Government (PCGG) also support the program, namely, Mid-Pasig Land Development Corp., Philippine Development Alternative Foundation and BASECO.

The UCPB-CIIF Foundation is one of two institutions tasked with implementing the UCPB Group’s and the CIIF companies’ social mandate to uplift the living conditions of coconut farmers. The other is the UCPB-CIIF Finance and Development Corp., which administers credit programs that finance livelihood activities in coconut areas.