May 17, 2017

#ShareAShirt Upcycling Campaign. The Philippine Deposit Insurance Corporation (PDIC) is undertaking its #ShareAShirt Upcycling Campaign in partnership with Gifts and Graces Fair Trade Foundation, Inc. The campaign involves PDIC personnel who donated their old PDIC field uniforms for upcycling to repurposed and useful materials such as bags and purses. PDIC President Roberto B. Tan, Gifts and Graces Executive Director Victoria Powell-Jalandoni and Lingap Community representative Joyce Acierto led the turnover ceremony on May 3, 2017 at the PDIC office in Makati City.

The Philippine Deposit Insurance Corporation (PDIC) launched its #ShareAShirt Upcycling Campaign in partnership with Gifts and Graces Fair Trade Foundation, Inc., a non-profit social enterprise organization that promotes fair trade and community empowerment by championing livelihood products made by marginalized groups.

For this upcycling campaign, PDIC and the Foundation are collaborating with the members of Lingap Community of St. Michael’s College of Laguna who will be transforming old PDIC field uniforms into “repurposed” products. Lingap Community is composed of women handcraft workers and their children who are being assisted by the Foundation in terms of product development, capability building, and enterprise management.

In a ceremony held last May 3, 2017, PDIC President Roberto B. Tan turned over to the Foundation more than 500 old field uniforms donated by its employees for upcycling to repurposed products such as bags, purses and coasters, among others.

President Tan expressed gratitude for the opportunity given to PDIC and its employees to be part of a campaign that advocates environment protection and community development that benefits marginalized groups or communities.

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The Philippine Deposit Insurance Corporation (PDIC) was established on June 22, 1963 by Republic Act 3591 to provide depositor protection and help maintain stability in the financial system by providing deposit insurance. Effective June 1, 2009, the maximum deposit insurance coverage is P500,000 per depositor. All deposit accounts by a depositor in a closed bank maintained in the same right and capacity shall be added together. A joint account shall be insured separately from any individually-owned deposit account.

PDIC news/press releases and other information are available at the website, www.pdic.gov.ph.