Sunday, October 22, 2017
LSE 53 BP awardees aim to help farmers, fisherfolks
Hong Kong – October 23, 2017
The winners of the LSE 53 Best Social Enterprise Business Plans 2017 awards were announced at their graduation ceremony at The Chinese University of Hong Kong yesterday. LSE 53 class submitted a total of 14 business plans with three or four members each. Mentors were assigned to advise them in the process of writing the narrative, financial statement and designing the powerpoint presentation.
They presented the business plans during the trial presentation where they received comments and advices from the panelists on how to improve their work specially the financial forecast. Then, they were given two weeks to finalize the business plans and finally presented them before the Board of Judges during the final presentation. It is very interesting to note that this year, most business plans are quite clear with the social component. From the 14 business plans, the Board of Judges picked the winners. For the first time since LSE was introduced in 2012, two teams received two awards each.
This year’s winners per category are:
Magsasakang Byaherang OFW garnered the Most Socially Relevant Award for their mission to economically empower the Mangyan people in San Vicente, Mindoro and tapping raw materials indigenous in the area.
Magsasakang Byaherang OFW is a social enterprise which is engaged in buying, producing and selling products of Mangyans, the indigenous people of Tinis-an in Barangay San Vicente, Roxas, Oriental Mindoro.
The proposed business aims to organize the Mangyans, provide training in self-development such as proper hygiene, organic farming, basic financial literacy training, and enhance their skills in chips production.
The Mangyans are the first to inhabitants of the island of Mindoro compromising 10% of the Mindoro population. There 12 known Mangyan tribes, each with their own language, culture, and a way of life. They hardly could meet their basic needs due to insufficient income. Farming root crops and growing fruit trees are their only means for livelihood. As of now their main products are banana, taro, and sweet potato. The business plan proposes to process these raw materials into chips. They will install solar power supply and renovate an abandoned building to serve as a working station for the chips production.
Magsasakang Byaherang OFWS serves as their marketing arm.
The team members are: Elizabeth L. Lingan, Rhodora U. Camba, Alona F. Famatiga, and Lowie L. Cuenca and mentored by Randolph Flauta who works as Senior Engineer at NXP Semiconductors Hong Kong (Now Nexperia).
Mega Ampalaya Jam team garnered two awards: Most Comprehensive and
Most Innovative Awards
Mega Ampalaya Jam is a social enterprise that aims to help Ilonggo Ampalaya growers and jam makers by using ampalaya as the main ingredient of the jam. Ampalaya jam is non-existent in the Ilonggo market but based on the market survey the team conducted, there is a demand for ampalaya jam. Ten farmers who are local residents of Pototan, Iloilo will supply raw ampalaya so they can increase their income.
The business addresses the unhealthy lifestyle of the people due to busy lives which caused lesser time in meal preparation. They tend to consume junk and unhealthy foods because they are easy to prepare and tasty. It also addresses the insufficient income of ampalaya growers which hinders their economic development.
Mega Ampalaya Jam is innovative because although ampalaya is full of nutrients and easy to grow, it has never been considered as a main ingredient by jam makers in Iloilo due to its known bitter taste. The proposed business plan hopes to change this stereotype on ampalaya. They will process it into healthy and delicious jam.
The team also garnered the Most Comprehensive Award because before writing their business plan, they conducted market survey in Iloilo involving 400 respondents. This extensive study of the market, comparative prices, existing competitions coupled with ampalaya jam tasting enabled them to prepare a well-thought and convincing business plan.
If implemented, the company provides opportunity to four overseas Filipino workers who are presently working in Hong Kong by producing a local product that has potentials to capture local and national markets.
The members of the team are: Marycris T. Catubay, Nannette M. Pasol, Cheryl L. Precia, and Aien A. Salay with Leila Rispens-Noel, social entrepreneur, founder and director of WIMLER Hong Kong as their mentor.
JARC Seafood Company team won Most Viable and Well-Presented Awards
JARC Seafood Company received the Most Viable and Well-Presented Award.
JARC Seafood Company Ltd. is a social enterprise that aims to transform the mindset and practices of small fisher folks in Atimonan, Quezon province who are presently engaged in illegal and destructive fishing into a sustainable sea farming of high value fish species like grouper. This fish species is highly valued because of its excellent body texture and flavor. The export market for the groupers is rapidly increasing especially in Hong Kong, Singapore, and Japan. The team plans to provide proper training and financial assistance to start grouper fish farming.
The team easily convinced the Board of Panelists about the viability and benefits of sea farming. The business plan could stimulate grouper farming, increase production, scale up markets, and eventually improves fisher men's livelihood and financial situation. Moreover, it addresses poverty of fisher folks, illegal and destructive fishing.
The team members are: Janice G. Villanueva, Ancherell M. Manjares, Ronaliened R. Ros, and Carla Theresa P. Ramos and mentored by Jared King, social entrepreneur and co-founder of E3, a company which helps transform businesses by rethinking the way they view and treat their workforce.
The Ateneo Leadership and Social Entrepreneurship (A-LSE) aims to develop the leadership skills and potentials among overseas Filipinos and their families, provide them with knowledge and skills in savings and investments and other financial matters, and develop and enhance their entrepreneurial skills. The LSE Program is a joint initiative of the Ateneo School of Government (ASoG) together with OFSPES, SEDPI, Ugat Foundation, the Philippine Consulate HK, the Philippine Overseas Labor Office (POLO HK) , and the Overseas Workers Welfare Administration (OWWA HK) . LSE53 in Hong Kong is organized by WIMLER Foundation HK with support from Prime Credit, Philippine National Bank and SWIFT APAC.