How Access To Capital Helps Filipino Nano And Microentrepreneurs Turn Diskarte Into Sustainable Livelihoods

Access to working capital helps Filipino nano and microentrepreneurs turn diskarte into steadier income, stronger families, and sustainable livelihoods.

Home Buddies: How A Home Community Redefined The Way Filipinos Live, Share, And Belong

Home Buddies has grown beyond decorating tips, creating a space where Filipinos exchange practical knowledge, personal stories, and meaningful ideas about home.

NephroPlus Philippines Expands Kidney Health Advocacy Through “Kaagapay Sa Kalusugan Ng Bato” Initiative

NephroPlus Philippines expands “Kaagapay sa Kalusugan ng Bato” to bring kidney health education closer to more Filipino communities.

Rudy Project Philippines Announces Its Biggest End Of Season Sale

Rudy Project Philippines closes the season with its biggest sale, giving customers up to 60% off selected performance gear.

500 Farmers In Bukidnon Benefit From DOST Tech Program

Approximately 500 farmers in Region 10 have benefited from the Department of Science and Technology's Small Enterprise Technology Upgrading Program.

500 Farmers In Bukidnon Benefit From DOST Tech Program

64
64

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

An estimated 500 farmers have benefited from the Small Enterprise Technology Upgrading Program (SETUP) of the Department of Science and Technology in Region 10 (DOST-10), an executive said Wednesday.

In an interview with the Philippine News Agency, DOST Bukidnon Provincial Director Ritchie Mae Guno said they recently assisted Bencals Food Products, and this assistance enabled the micro enterprise to become the first cacao butter producer in Northern Mindanao.

The DOST provided Bencals with PHP625,000 loan, enabling them to purchase brand new equipment, such as industrial hydraulic butter extractor, industrial colloid mill, and industrial multipurpose grinder.

SETUP aims to encourage and assist micro, small and medium enterprises (MSMEs) in adopting technological innovations to improve their products and operations. Through this program, the DOST helps improve the MSMEs’ productivity and competitiveness by providing them with a loan that is payable in three years.

“They (Bencals) said that about 500 farmers benefited as they improved their technical knowledge and equipment. These are smallholder farmers in the municipality of Pangantucan, including other the neighboring towns like Kalilangan and Maramag,” Guno said.

These farmers were tapped as sources of raw materials.

Bencals, Guno said, started in 2018. Its product innovation support project with the DOST runs from June 2021 to June 2022.

DOST Secretary Fortunato de la Peña earlier reported that prior to being a SETUP beneficiary, Bencals had to deal with challenges on various aspects of their production, which resulted in low product quality and inefficient production process.

With DOST’s assistance, Bencals is now expecting a sales increase of about 175 percent higher next year compared to 2021, both de la Peña and Guno said.

According to them, some of Bencals’ products are being sold abroad through family and friends. Currently, Bencals’ local clients are from Cebu and Manila.

Meanwhile, Guno said the DOST also assisted Bencals in its FDA license to operate application. “We also linked them (to those who provide) free consultations on good manufacturing practices, packaging, and labeling,” she said. (PNA)