Copra Trading in Davao
Oceanic Gold is an impact investment firm that encourages and develops scalable SMEs in rural communities within the ASEAN region. We set up rural development projects in countries like Indonesia and the Philippines with a focus on poverty alleviation. Our projects comprise of scalable agricultural-based enterprises that will help rural entrepreneurs create jobs in their communities.
A propos de vous
A propos de vous
A propos de votre organisation
Oceanic Gold Pte Ltd
Pays dans lesquels ce projet crée un impact social
Philippines, DOR, Davao
Age de l'innovateur :
18 à 34 ans
Sexe de l'innovateur :
Votre organisation est-elle une
Depuis combien de temps votre organisation opère-t-elle ?
Moins d'un année
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Intitulez votre soumission
Copra Trading in Davao
Sélectionnez la phase qui s'applique le mieux à votre solution
Création (un pilote qui vient juste de démarrer)
Depuis combien de temps le projet existe-t-il ?
En place depuis moins d'un an
Le besoin : quel problème tentez-vous de résoudre ?
The biggest problem in the rural communities in the Philippines is the outflow of young people and educated people to the cities and to foreign countries. Philippines' biggest export is human labor primarily because of the lack of a reliable long-term supply of jobs in the rural areas. Most of the people in rural communities are small-time farmers with little income. As a result of the outflow of people, families break up and creates much social imbalance.
La solution: quelle solution proposez-vous ? Soyez précis !
Since November 2011, we have created a program that allows small time farmers to move up the supply and value chain in their rural coconut-farming industries. We piloted with 4 managers across the state of Davao on the island of Mindanao to implement our program. As the coconut commodity prices are always fluctuating, we have equipped these farmers with the trading skills, business tools and trading capital to trade these coconut commodities. For example, a small farmer might be able to sell his own harvest for a monthly income of P3,000 on a good harvest month. However, with the capital and tools we have supplied him, he can collectively buy from his own community of 60-100 small farmers and then sell wholesale to the factories. Such community based group sourcing and buying activity can uplift a whole community by providing fair market rates for the farmers produce and create jobs in the newly created trading business.
Le système : décrivez un exemple spécifique montrant de quelle façon votre initiative fonctionne ; indiquez vos principales activités.
The manager who we have decided to support will canvass for farmers in his community willing to sell their produce to him. He will then extend a interest-free cash advance to them in exchange for a contract to purchase their entire harvest in the next cycle. These farmers used to loan from micro-lenders to pay for their daily living expenses at an interest rate of 10-20% per month. We have radically changed that model by using the farmers' harvest as collateral for the cash advance. Upon harvest, our manager will pay the farmers the balance of what is owed for the harvest and store the coconut stock in our warehouses. Once critical mass is collected, our manager will hire a truck to transport the shipment to the factories in the cities. We have developed a business system for the managers such that they will be constantly aware of the change in fluctuating commodity prices and will not be negatively impacted by it.
Le marché : qui sont vos collègues et vos concurrents ? Identifiez les autres personnes qui travaillent à répondre au même besoin et indiquez ce qui vous différencie d'elles. Comment ces concurrents pourraient-ils influencer votre réussite ou votre croissance ?
Currently, there are no social impact investment firms like ours doing anything like this in Davao or in the Philippines for that matter. The traditional business in these areas are micro-credit or micro-loan firms which charge high interest rates of 10-20% per month, resulting in a viscious cycle of debt for the farmer. We have introduced an innovative sustainability model which can help uplift and empower the rural communities.
The barrier of entry is extremely high in these areas as someone else will need to find trusted local partners who are willing to believe in the vision and help implement the program. Integrity is always a major issue working in poor rural communities like Davao and what we have is a strong team behind us.
This Entry is about (Issues)
Votre initiative s’occupe de quelle(s) solution(s) pour aider des entrepreneurs émergents et pour aider des petites entreprises à croître et à s’augmenter dans des communautés mal desservies ? (sélectionnez tout ce qui est applicable)
Accès au financement, Accès aux chaînes d’approvisionnement, Accès à la technologie, Accès aux opportunités économiques.
Jusqu'à ce jour, quels résultats a obtenu votre projet ?
Our managers who were previously jobless are now running profitable small trading enterprises earning between P8,000 to P13,000 per month. They will be growing and expanding business operations over time. However, the real social impact comes in the number of farmers that are under their network. They each support between 60-100 farmers each and issue about P600-700,000 of cash advances each month to these farmers.
Quelles sont vos prévisions en termes d'impact au cours des trois prochaines années?
We plan to replicate this successful pilot model all across Mindanao which is one of the poorest farming regions in the Philippines. We currently support a network of about We plan to hire 10 more managers over the next year each supporting between 60-100 small farmers. Our total outreach and impact is targeted to increase from 240 farmers to about 1000 farmers in 1 year. Our model makes our business extremely scalable as each manager is in charge of his own region which can support a few hundred farmers.
Quels sont les obstacles qui risquent de freiner votre projet ? Comment pensez-vous les surmonter ?
Evaluating the integrity and business acumen of new managers is a long process of interviewing, training, apprenticeship and seed funding. The whole process takes about 4-6 months before the manager can truly make a big economic impact in his own community. My firm, Oceanic Gold, is improving its evaluation process so the turnaround time will be reduced especially when we build a more standard process for the training of new managers. We are compiling a set of best practices and lessons learnt so that new managers can get up to speed.
Les meilleures propositions possèdent un programme solide détaillant leurs prévisions pour atteindre et suivre leurs objectifs de croissance. Identifiez vos objectifs à 6 mois pour accroître vos résultats
Scale up our operations
Définissez les trois tâches principales à accomplir pour atteindre ces objectifs à six mois
Fund raising of S$200,000 to fund 5 more new managers
Development of a training and best practice package
Conduct internal impact assessment of our social enterprise
Et maintenant, voyez les choses en plus grand ! Identifiez vos objectifs à 12 mois
Move up the supply chain again!
Définissez les trois tâches principales à accomplir pour atteindre vos objectifs à 12 mois
Fund raising of S$200,000 to fund 5 more new managers
Develop a plan for a rural coconut oil mill so that farmers can supply us directly
Get impact rated by a reliable and respected independent social impact assessment board
Création de l'organisation : nous voulons tout savoir sur votre déclic. Expliquez-nous oú et quand les fondateurs se sont rendu compte que cette solution possédait un véritable potentiel pour changer le monde.
My founder and I have been volunteering at a non profit microfinancing organization and have learnt about different social enterprise models and decided to develop an impact investment enterprise not based on interest or loans, but on empowering rural enterprises by develop a growth path for them. My firm, Oceanic Gold, was developed after much study and experimentation and is the fruit of much lesson learnt by ourselves and our peers.
Quels sont vos différents partenariats ?
Our partnerships are mainly with the managers who are free to run their own businesses within a certain set of guidelines. They use their community networks to help Oceanic Gold source for coconut suppliers. Oceanic Gold signs legal profit sharing agreements with these managers and dividends are issued to Oceanic Gold every month.
Expliquez plus en détails les besoins et les offres indiqués ci-dessus ou proposez un type d'aide non mentionné dans la liste
We need more financial investment to expand on our current operations. We are continually finding new media channels to spread our message which is poverty alleviation in rural communities. Market research will help greatly in giving our partners and managers ideas on how to collaborate better in the field and providing each other with real time market information.