About 80% OFW businesses fail due to insufficient capital, management issues, lack of product development and lack of market. They have funds for production but usually they do not have any more capital or skills for promoting and marketing their products.
The hard earned money of OFWs, products of their years of hard work -blood, sweat and tears goes down the drain whenever their businesses fail. Likewise, communities of OFWs remain poor and with limited economic opportunities due to high cost of capital. The poor rural communities are at the mercy of traders and lenders who be-come richer while farmers remain supplier of cheap raw materials and become poorer.
Working closely with rural communities, Atikha, a non-government organization working with OFWs and families has identified opportunities for social enterprises such as 1) Tourism Support Services; 2) Marketing of products and services required by the OFWs, their families and communities; and 3) Agri-business opportunities in the origin provinces. We have beautiful places but there are limited facilities for accommodation, activities, restaurants and also oftentimes no “pasalubong” centers. Partner provinces are requesting for investment in processing and marketing of these products and in tourism support services. Maximizing these opportunities, Pinoy WISE leaders signified their interest to be involved in processing, marketing and tourism support services. Pinoy WISE is an organization of OFWS and their families involved in saving, investing and entrepreneurship. This resulted in the establishment of the Ekolife OFW Marketing Cooperative.
Ekolife OFW Marketing Cooperative is the first marketing cooperative owned and operated by the OFWs and families for the OFWs and families. It was an initiative lead by Pinoy WISE leaders of the differ-ent provinces and destination countries in partnership with Atikha. The cooperative is engaged in establishing Ekolife Coffee shop and Pasalubong Centers in provinces with high tourist arrivals such as Surigao del Sur, Ifugao and Iloilo. In addition, this will also be involved in establishing Ekolife Coop Mart in 4th-5th class municipalities where there are limited shops that cater to the needs of the OFWs and families.
High Risk- High Yield Investment with projected income of 6%-25% per annum
“Kumikita ka na… Nagka-katrabaho pa ang pamilya!”
Closing of Initial Call for Investment
From February 01 – March 31, 2017
It is a coffee shop and pasalubong center that provides tourism support services and promotes agro-tourism. The PPP Partnership engages the Municipal Government of San Agustin for the free use of land and construction of boardwalk in mangrove forest and the Provincial Government will support the construction of toilet facilities. The initial capital requirement is 2.5 Million Pesos to fund the operation of The House of Ekolife, water sports: sail boat, kayak, and agro-tourism in crab fattening at mangrove forest in the area.
Provides basic necessities for OFWs and families in the shop or through home delivery of weekly groceries and other items. It delivers flowers, cakes, party package and gifts for loved ones in the participating municipalities. Ekolife OFW Mart is to be established in municipalities with high concentration of OFWs but far from city center. First branch is in Cantilan to service Carmen Cantilan Madrid Carascal Lanuza in Surigao del Sur. It will also invest in aqua culture in the area. The required capital is Php 2 M.
Ekolife Ifugao is strategically situated in the town center overlooking the Banawe rice terraces and local community. It is a coffee shop and pasalubong center that provides tourism support services and packages agro-tourism destinations for OFWs. It operates the shared service facility provided by DTI. The social enterprise is a partnership between Atikha, PinoyWISE- Ifugao Chapters and cooperatives in Ifugao. The Public Private People Partnership also taps the TESDA, DTI, DA and the PLGU. The initial capital requirement is 1.5 Million Pesos.
The Provincial government provides the land for nursery, serve as market of the cacao nursery for their cacao plant propagation pro-gram and the shared service facility for cacao processing. The initial capital is Php 1.5 M.
It has a roast on site, roast on demand facility. Aside from coffee shop, it also provides pasalubong and tourism support services. The coffee shop is mentored by Bote Central, owner of 18 days Coffee, a successful social enterprise engaged in the coffee value chain. The shop will serve innovative and healthy bread and pastries using healthy flour and sugar. The ingredients used by the Ekolife shop is sourced from the Ekolife Farm which is a 22-hectare property in Pototan. The Ekoife farm will serve as a farm business school for organic farming and will entertain tourists interested in agro-tourism and spa services. The social enterprise is a partnership between Bote Central, Atikha and PinoyWISE-Iloilo Chapter. This is a Public Private People Partnership Project with DOLE OWWA and NRCO technical assistance. The initial capital requirement is 4 Million Pesos.
1) Submit duly accomplished Application Form with 2×2 ID Picture
2) Pay membership fee of Php 2,000
3) Subscribe and pay a minimum of ten (10) shares at P500.00 per share (P5,000.00)
4) Deposit the membership fee and capital share to:
Bank of the Philippine Island (BPI)
Branch : BPI San Pablo Paulino
Acct Name: Ekolife OFW Marketing Coop
Account No.: 0801014216
5) Scan and send the copy of bank deposit slip to: firstname.lastname@example.org with subject title: Membership Form + surname]
6) Official receipt shall be issued upon confirmation with the bank.
1) Investment will earn passive income
2) Family members in the Philippines are given priority to take on jobs created by the social enterprises
3) Coop Members who are engaged in production can be supplier of Ekolife. They can avail of technical assistance for product development to be able to improve the quality of their products.
4) Members can also apply as direct seller of the products of House of Ekolife
1) Once membership is confirmed, invest in any of the five social enterprises.
2) Deposit investment thru:
Bank of the Philippine Island (BPI)
Branch : BPI San Pablo Paulino
Acct Name : Ekolife OFW Marketing Coop
Account No : 0801014216
Minimum investment : Php 5,000
Maximum investment : Php 1 Million
3) Scan and send the copy of bank deposit slip to: email@example.com with subject title: Investment Deposit Slip + surname. Indicate in your email in which investment would you like your fund will go to
4) Issuance of Investment Certificate to investors once confirmed.