Peace and Equity Foundation
The Peace and Equity Foundation (PEF) was formed as an independent non-profit foundation on October 2001 by the Caucus of Development NGOs (CODE-NGO) to support the work of civil society in eradicating poverty and marginalization. The Foundation administers an endowment fund from the net proceeds of the Poverty Eradication and Alleviation Certificate (PEACe) Bonds developed and sold on the capital market by CODE-NGO. As a funding institution, it will not go into direct implementation of projects nor undertake direct training and capacity building programs.
PEF envisions empowered communities that:
- Have basic needs of life-food, health, education, shelter, water;
- Engage in socio-cultural and economic activities; and
- Participate meaningfully in local governance
- in an atmosphere of social harmony, cooperation, and sharing.
The Peace and Equity Foundation is a non-stock, non-profit organization. It manages and preserves the value of the PEACe Bonds endowment fund to promote opportunities for the poor to liberate themselves from poverty.
PEF supports best practices as well as innovative & trailblazing development projects. It
- Provides civil society organizations with development financing and technical assistance;
- Promotes appropriate technology; and
- Promotes networking among its stakeholders.
- PEF maintains operational flexibility to remain responsive to the evolving needs of its stakeholders.
In 2008, SOEMCO became a partner of PEF in the preparation of the Feasibility Study on Socorrro Level 3 Water Supply System which served as basis for the release of funds from the Local Waterworks and Utilities Administration (LWUA) for the said water supply system. Moreover, in April, 2010, SOEMCO is applying for accreditation as a PEF microfinance partner with the implementation of the cooperative’s Program on Poverty Alleviation for CARAGA Micro-entrepreneurs (PROPACME.