The Cebu CFI Community Cooperative in cooperation with the Pit-os Talamban Mandaue Transport Cooperative and partner agencies held the launching and turn-over of 38 units of Foton Modern Jeepneys in the Cebu Capitol ground on February 18, 2021.
The launching of the modern jeeps was witnessed by CDA Regional Director, Dr. Nora P. Patron. Dr. Patron gave her message anchored on the 6th Cooperative Principle, “Cooperation Among Cooperatives.” She added, this principle is demonstrated when Cebu CFI Community Cooperative, the largest cooperative in the region extended a helping hand to make the dream of a micro cooperative; the PITAMCO, to acquire modern jeeps a reality. This big brother-small brother relationship is one of the best practices CDA have advanced for the cooperative movement. The Director added that PITAMCO should protect the relationship and learn from the values and discipline that Cebu CFI Community Cooperative upholds and preserve. This memorable event was also attended by the Director of the Land Transportation Franchising and Regulatory Board (LTFRB), Col. Eduardo C. Montealto Jr. who handed-over the Probational Authority to PITAMCO prior to the cooperative’s full operation of its modern jeeps.
Cebu CFI Community Cooperative through its Chairman, Atty. Winston F. Garcia passed the symbolic key to Mrs. Ma. Flordeliza R. Albiso, Chairperson of PITAMCO officializing the turn-over of the 38 modern jeep units. In his message, he said that there were many times that PITAMCO lost their hope because of so many challenges the cooperative had went
through. Nevertheless, he was very thankful to the current supplier who
offered 38 units of its modern jeep to the cooperative. This project was also made possible through the bridge financing program between Cebu CFI Community Cooperative and LBP. The turn-over ceremony was joined by the other members of the Board of Directors of Cebu CFI and PITAMCO.
During her acceptance, the Chairperson of PITAMCO said, they were almost at their peak to surrender due to the challenges and difficulties they experienced for almost three (3) years in the processing of the documentary and other necessary requirements. Fortunately, the aid and support of Cebu CFI Community Cooperative in the procurement of modern jeeps through the bridge program saved the failing hope of the cooperative and made their dream a reality.