About us

VISION

"A leading and sustainable MBA in providing quality and affordable microinsurance services in CARAGA and neighboring regions."

MISSION

"To provide timely, quality and relevant microinsurance products and services to poor and vulnerable sectors."

GOALS

To ensure quality and responsive social protection programs to all members.

To align SEDMFI MBA's performance and quality service to industry standards.

CORE VALUES (DAJONG)

  • Dedicated - officers and staff are willing to devote their time in service to the association and its members. 

  • Adaptability - the association is ready to embrace innovations to cope with the standards. 

  • Joyful service - serving clients and the organization with zeal and compassion. 

  • Oneness - working together guided by one principle towards one common goal and direction. 

  • Nobility - service with excellence to the members as an act of honor. 

  • God-fearing - putting God as the center of our service. 

History and Institutional Background

The Surigao Economic Development and Microfinance Foundation, Inc. (SEDMFI), which is formerly known as Surigao Economic Development Foundation, Inc. (SEDFI), is a private, nonprofit, non-stock and non-political service organization established on 12 January 1985 and duly registered with the Securities and Exchange Commission (SEC) on 07 June 1985. It is duly registered institution under provisions of BIR-NEDA Regulation No. 1-81.

SEDMFI was organized by a group of Surigaonons who also founded the Surigao Chamber of Commerce and Industry (SCCI). Mr. Jose L. Cortes, Jr. of Pacific Cement Co. Inc., encouraged the founders to organize a foundation to help in the rehabilitation and development of Surigao del Norte with the end goal of empowering the people of Surigao.

Sometimes in 2019, Ms. Imelda Wines and Mr. Jules Lacsamana of SEDMFI spearheaded the idea of starting SEDMFI's own microinsurance as a response to their clientele's need after experiencing issues with previous insurance partners in processing claims. The 5 - year journey with the help of MiMAP paved the way for the approval of the Insurance Commission for SEDMFI to start their own MBA. The journey was paved with challenges but the passion of the people behind the creation of SEDMFI MBA did not falter.

SEDMFI MBA has still a long way to go. The journey to new beginnings and a stronger SEDMFI and SEDMFI MBA has just begun. Dajong!