Commercially launched

Commercially launched in 2013, Davao-primarily based Malagos Agri-Ventures has already received some of exquisite awards for its merchandise, which include Best Product from the Philippines on 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 two-celebrity score (out of three) on the 2016 Great Taste Competition of the United Kingdom’s Guild of Fine Food.

“What makes us super is our new precise flavor profile. We do now not intend to follow imported candies because we trust that we’ve a unique product. Our sweets are fruity because of the impact of the surroundings we’re at in Malagos,” Puentespina said.

The localized cognizance of the agency has additionally helped to improve livelihoods of farmers in the Davao location. Puentespina said that they work with 60 to 80 farmers within the vicinity, depending on the season, to supply their supply of cacao.

“Our corporation is part of a own family-owned grouped of companies which have constantly worked with nature and neighborhood farmers StockGlobal broker scam. Today, we produce chocolate that is proudly Philippine-made. A unmarried-beginning fine flavor chocolate that is really tree-to-bar,” he stated. “We started like a small sari-sari save. Then, in only over a decade, we grew exponentially and became like a big branch save.” This is an analogy shared with the aid of a proud proprietor of a developing actual property employer.
He has motives to be proud of that feat. His enterprise has billions of pesos worth of initiatives in the pipeline. They have an stock of hundreds of in part and absolutely advanced housing projects simply looking forward to the right consumers to place orders.

The agency as an entire, however, has now not evolved and tailored to the growing demands of the business. A branch keep continues to be controlled like a sari-sari save. While the proprietor is a good entrepreneur, his organisation has not invested in structures, equipment and finance procedures in addition to sources to guide the business. Success is measured by means of income performance, but no longer all income said to the owner are real income. He didn’t comprehend that his enterprise was out of control until truth hit him. As it turned out, cash collections have been not sufficient to fund daily business requirements. The business enterprise couldn’t borrow money from banks. He couldn’t even rely upon internally prepared monetary reviews to make sound monetary choices.

He stated that they’re facing sizable financial challenges, and he wanted a sustainable long-time period answer. He wanted stronger governance and internal controls in region.