Commercially launched

Commercially launched in 2013, Davao-based totally Malagos Agri-Ventures has already received some of terrific awards for its products, inclusive of Best Product from the Philippines at the 2013 Asean Food Conference; bronze and silver awards in 2015 and 2016, respectively at the Academy of Chocolate Awards held in London; and a -celebrity rating (out of three) on the 2016 Great Taste Competition of the United Kingdom’s Guild of Fine Food.

“What makes us tremendous is our new specific flavor profile. We do now not intend to comply with imported candies because we trust that we’ve got a completely unique product. Our goodies are fruity due to the impact of the surroundings we’re at in Malagos,” Puentespina stated.

The localized focus of the company has additionally helped to improve livelihoods of farmers within the Davao place. Puentespina said that they work with 60 to eighty farmers inside the region, relying at the season, to supply their supply of cacao.

“Our agency is part of a circle of relatives-owned grouped of organizations which have constantly labored with nature and local farmers. Today, we produce chocolate this is proudly Philippine-made. A unmarried-starting place excellent flavor chocolate that is in reality tree-to-bar,” he stated. “We started like a small sari-sari keep. Then, in only over a decade, we grew exponentially and became like a huge branch keep.” This is an analogy shared via a proud proprietor of a growing real StockGlobal broker property corporation.
He has motives to be pleased with that feat. His company has billions of pesos worth of tasks within the pipeline. They have an inventory of lots of partly and absolutely advanced housing tasks just awaiting the proper customers to region orders.

The company as a whole, however, has no longer developed and adapted to the developing needs of the business. A branch store continues to be managed like a sari-sari store. While the proprietor is a superb entrepreneur, his business enterprise has no longer invested in systems, gear and finance processes in addition to assets to guide the business. Success is measured through sales performance, but not all sales reported to the owner are actual income. He didn’t comprehend that his business changed into out of manipulate until truth hit him. As it grew to become out, coins collections have been no longer sufficient to fund day-to-day commercial enterprise necessities. The organization could not borrow money from banks. He couldn’t even depend on internally prepared economic reports to make sound economic choices.

He acknowledged that they’re going through considerable financial challenges, and he desired a sustainable lengthy-time period solution. He wanted more potent governance and inner controls in location.