CABADBARAN CITY, Agusan del Norte – June 16, 2025 – Cabadbaran City today advanced its commitment to cooperative development and consumer welfare, hosting a pivotal meeting focused on expanding the Credit Surety Fund (CSF) and educating stakeholders on the Financial Products and Services Consumers Protection Act (FCPA).

This significant gathering was a collaborative effort, spearheaded by the Cabadbaran City Cooperative Development Office (CCCDO) and the Cooperative Development Authority (CDA) Caraga, in partnership with the Cabadbaran City Cooperative Development Council (CCCDC).The CDA Section Chief for CSF, Mr. Charles M. Palen, Sr. CDS, played a key role in coordinating the event with the local CCCDO.

Ms. Gezzel B. Quiao, CDS II, representing CDA Caraga, was central to the day’s agenda, expertly leading the comprehensive orientation. Ms. Quiao provided a detailed overview of the CSF, including updates on the Agusan del Norte Credit Surety Fund Cooperative (ADNCSFC). Crucially, she also delivered an essential orientation on the FCPA.

The CSF Membership Expansion Program aims to empower Micro, Small, and Medium Enterprises (MSMEs) and cooperatives by easing access to bank loans. The CSF functions as a vital loan guarantee, removing the need for traditional collateral. Contributions from cooperatives, Non-Governmental Organizations (NGOs), Local Government Units (LGUs), and other government entities form the backbone of this fund.

Equally important was the deep dive into the Financial Products and Services Consumers Protection Act (FCPA) (Republic Act 11765). This crucial legislation protects financial consumers by mandating fair treatment, transparent disclosures, safeguarding assets against fraud, ensuring data privacy, and providing timely redress for complaints.

The meeting powerfully underscored the collective dedication of CDA Caraga, the Cabadbaran City LGU, and the cooperative sector to fostering robust financial inclusion and strong consumer protection across the region.