New Philanthropic Fund focuses on community development

Sitawi Financeira do Bem entered into a partnership with the InterCement Institute to manage the Philanthropic Fund to support the organization's community development activities. The amount of R$420 thousand is destined to carry out the “Community Ideas” contest to support projects of entrepreneurs in the cities where the entity operates. The objective of the initiative is to encourage members of the Community Development Committees (CDCs) to exercise entrepreneurship, through the elaboration and execution of projects that contribute to community development.

Community Ideas selected six projects from five Brazilian states to receive a contribution of up to R$20 thousand in order to develop the proposed activities. The selection took into account the following criteria: a. Participation and protagonism of the community that will be benefited; B. Participation of volunteers from the InterCement unit in the municipality; w. Mobilization of financial and/or economic counterparts from partners of at least 50% of the requested resources; d. Prevention of possible environmental and safety risks; It is. Respect for cultural and religious diversity. f. Focus on community development; g. Sustainability of the project after its completion; H. Feasibility of the project development schedule; i. Adequacy of the budget and coherence between proposed values and necessary resources; j. Quality of project writing.

The InterCement Institute is the Corporate Social Responsibility face of InterCement – one of the largest cement manufacturers in the country. The activities of the InterCement Institute are carried out preferably in the municipalities in which the organization develops its industrial and commercial activities. The actions aim to strengthen community ties, value local assets, articulate partners and form collaboration networks, in order to create a favorable and participatory environment in favor of sustainable development and the autonomy of communities.

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