NO MORE FREE LUNCH
Photo shows Dr. Nestor M. Pestelos, president of the Bohol Local Development Foundation (BLDF), stressing a point to his Swiss friend, Felix Hurlimann, during the latter’s visit to the BLDF office. Dr. Pestelos says more NGOs are finding it hard to survive during the last 10 years on donor grants alone. They must spin off a social enterprise unit from their normal operations to realize income to maintain their operations. Mr. Hurlimann was one of those who have extended a no-interest loan to enable BLDF to survive during these tough times. The Foundation will soon launch a campaign to raise funds for a microfinance facility for disadvantaged families in municipalities which will experience phase out of donor assistance by the end of this month.