A HUNDRED-AND-SIXTY-PESO CAPITAL: THE START OF A GREATER CAUSE

PILIPINO Mirror

Project P.G.H. Homemade Food Trading was born as a product of both distress and hope from the COVID-19 pandemic, which hit the country immensely last year. Since Herminio is a father to child who has a Bartter Syndrome, who has medical needs to maintain and sustain, he had to find a way to economically fight the detrimental challenge brought by the pandemic and to financially survive it as well. According to him, manufacturing a fish bagoong product started randomly after exhausting all the businesses he has tried entering into venture since 2018. He and his wife found hope in that particular product. They started piloting it with just a capital investment worth ₱160.00 out from income from the vegetables sold from their backyard garden. It all began with just three-kilogram anchovies which yielded 12 tubs—half of which were sold and the rest were given to friends and neighbors, who did all the patronization catapulting their fish bagoong product to as high as 800-kilogram volume capacity presently.

The most challenging aspect during his business venture, according to Herminio, was actually the packaging supply, which was scarce in their locality, as well as the production equipment he was utilizing. He was actually using a blender—the one people use for fruit shakes, for the fish-grinding phase of the production process and the machine keep getting broken with just few uses only. Thus, he had to invest more on the purchase of the said blender. During the Kapatid Mentor Me-Money Market Encounter (KMME-MME) Online program, a joint program of Department of Trade and Industry (DTI) and Go Negosyo, he was able to get an idea that he had to invest in a heavy-duty equipment with higher production capacity since his market reach is also growing presently.

As an entrepreneur, he would like to encourage all other aspiring entrepreneurs that not all the time, they need a huge amount of money as a capital investment to start their own business venture, like how he started just a year ago—for only a hundred-and-sixty-peso capital, he was able to get a profit worth ₱300.00. From there, through diligence and hard work, he was able to sustain and grow his business, such that the return of investment did not just double or triple in figures since they went more and beyond. He was able to sustain the medical needs and maintenance of his son, and he even helped other children with the same syndrome as that of his child’s condition. Here is a piece of advice from Herminio: in order to achieve a successful business venture, it is better to add an element of cause or integrate a mission aside from the typical goal of generating profit and maximizing wealth.

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