PHILIPPINE-AMERICAN FUND
Monday, December 18, 2017
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  • Tuason Development Foundation, Inc. (TDFI)

     
     
    PROJECT TITLE
    Davao Gulf Business Incubator Facility for Start-up Businesses
     
    GOAL
    The project aims to establish a business incubator facility that will harness the creativity, energy, and potential of micro, small, and medium enterprises (MSMEs) in Davao del Norte.
     
    LOCATION
    Davao del Norte
     
    DURATION
    3 years
     
    BENEFICIARIES
    Wives of farmers and fishermen and rural poor communities in Davao del Norte.

    BACKGROUND
    Like most provinces in Mindanao, Davao has abundant natural resources and pockets of high commercial activity such as plantations, and tourist areas. However, a large percentage of the population remains poor and cannot participate in the province’s economic activities. This situation creates social tensions that have a negative impact on investments, limiting the potential for inclusive economic growth and development.  

    ACTIVITIES
    USAID, through the Philippine-American Fund, supports Tuason Development Foundation, Inc. (TDFI) in harnessing the creativity, energy and potential of micro, small and medium enterprises (MSMEs) in Davao by offering a self-sustaining facility for start-ups and struggling entrepreneurs. TDFI achieves this goal by establishing the Davao Gulf Business Incubator.

    UPDATES AS OF MARCH 2017
    TDFI facilitated the conduct of a training in standards for food and food-related establishments. The training was conducted by the Food and Drug Administration (FDA) on Mar. 30, 2017. A total of twelve “incubees” participated in the training. FDA discussed food control systems essential to protect the health and safety of the consumers.

    Of the 11 incubees from batch one, only the dress shop and chili powder businesses are consistently paying their loans and pursuing innovation to sustain their enterprises. The dress shop is on track to fully pay the loan in three months. The chili powder shifted its business approach from planting of chili (which was time consuming) to purchasing of dried chili. This approach increased sales and enabled the incubee to comply with the loan payment schedule.

    For batch two, a number of incubees will start paying the loan interest on March 2017. All the incubees from this batch are continuously operating their respective businesses.

    The project continued to work with local government units and various stakeholders in promoting MSMEs at the provincial and regional level by participating in trade fairs. Selected businesses joined a month-long trade fair lead by the Department of Trade and Industry in Davao Del Norte. The event was held at the Robinsons Place in February 2017.

    TDFI continued preparations for the release of the initial funding requirement of the 22 batch three incubees. The project has pegged the initial funding requirement for batch three at P1,961,000. This will bring the total number of startup businesses assisted by TDFI to 48.

    ABOUT THE GRANTEE
     
    Tuason Development Foundation, Inc. (TDFI) was registered with the SEC in 2005, as a non-stock, non-profit organization. It serves as the corporate social responsibility arm of the Hijo Resources Corporation in Tagum, Davao del Norte. In 2013, TDF implemented capability building programs for the community in Davao del Norte on alternative livelihood activities, i.e. organic farming and poultry-raising, food processing, packaging, and marketing.
    For this project TDF intends to partner with the Ateneo Business Resource Center, which has proven experience in operating an entrepreneurial academy, since its creation in 2004. ABRC also serves as the home of Ateneo de Manila University’s Business Accelerator Program.
     
    Rosanna T. Fores
    President, TDFI
    19F JMT Corporate Condo, ADB Avenue
    Ortigas Center, Pasig City
    Email: rtfores@hijoresources.net