Note: The following Statement of Mission, Objective and Principles is final as of March 8, 2010. 
Statement of Mission, Objective and Principles
Tanay Association of Southern California, an organization with members originating from Tanay, Rizal, Philippines and others who elected to become members by way of affiliation through marriages, partnership of any kind, friendship or any forms/types of relationships with regular members of the organization who agreed to participate in all of the organization's undertakings especially for the benefits of the people of Tanay in general but more so in establishing a livelihood project patterned after the micro-finance practices of the Grameen Bank specifically for those who were affected by typhoon Ondoy which devastated Tanay and its people in September 2009.
The organization solicited donations from its members privately to finance the livelihood projects.
The vision is that beneficiaries will not just be “given fish” but will be provided the initial capital to “catch fish”. And, that the repayment from the initial beneficiaries will be used to provide the same amount of capital to more Tanayans thus expanding the program to more deserving beneficiaries in the future.
Implementing Guidelines
1. The funds will be administered by Daisy Porciuncula, Lorna Penalver and Rommel Cautivo in behalf and in trust for Tanay Association of Sourthern California. The three (3) administrators will open an account with Tanay Rural Bank with any two (2) approving signatories for withdrawal of funds.
2. The administrators will be provided P600 in allowances to provide for transportation reimbursements for travel, collecting, disbursing and banking activities every month.
3. Each nine (9) barangay in the Tanay town proper will be allocated a fund of P20,000 to be distributed to a group of four (4) qualified members either individually or as a group, whichever option is preferred.
4. Group member-loan beneficiaries shall:
a. Be a bona-fide resident of the baranggay as certified by the Baranggay Captain;
b. Must agree to attend the weekly group meeting. Meetings shall focus on livelihood or business update of members of the group, request for advice from fellow members, cross-learnings from experiences, tips on success and/or collections;
c. Must have an on-going livelihood business that was affected by Typhoon Ondoy;
d. Must have an existing business that needs capital to expand business;
e. Must have an intent or a desire to have a livelihood project that needs capital; and
d. Must agree to be “jointly, severally and solidarily” liable for the repayment of each other members’ loans. If a member is unable or unwilling to pay their amortization, the collection must be remitted intact and other members shall shoulder equally the shortfall in repayment.
5. Each individual member will be granted maximum of P5,000 interest-free loan payable within six (6) months subject only to P200 in add-on administrative and processing fees or a group of four in one-loan in the total amount of P20,000 interest free payable within six (6) months subject to P800 in add-on administrative and processing fees.
6. Repayment shall start 30 days from the day the loan was granted in equal Daily or Weekly payments, example:
Date loan granted:
Amount required to be repaid: P5,000 + P200 administrative fee = P5,200
Start of payment:
Weekly payment:
Daily payment:
7. Each group of four shall designate a reliable funds or collection custodian among the members who shall be tasked to remit or hand over intact their collections to Rommel Cautivo, or in his absence, to any of the Administrators on a weekly basis.
