NRCO, ISP award P150,000 last tranche of the 2016 Business Plan Competition Grand Prize

MANILA-- The National Reintegration Center for OFWs (NRCO) in partnership with the Integrated Seafarers of the Philippines (ISP), has awarded the third and last tranche of the P500,000 grand prize of the 2016 NRCO-ISP Business Plan Competition.

The third tranche amounting to P150,000.00 was awarded to Mr. Ryan Mark Antiquera, on 28 March 2017. It can be recalled that the Antiquera's Soft Broom business proposal won last 11 November 2016 as the Business Plan of the Year of such competition.

The first tranche amounting to P50,000.00 was awarded on the final round proper of the Competition; while the second tranche in the amount of Php 300,000 was given to him last 17 December 2016 after securing proper requirements and documents stated in the competition's guidelines.

Aside from the awarding of the last tranche, the NRCO and ISP also conducted an actual visitation of the tiger grass farm in Manito, Albay last 28 March 2017.

The project started in December 2016 after securing business documents and permits. By March 2017, the batches of tiger grass, which are being dried up to produce the soft broom or walis tambo, were harvested.

Nagpapasalamat po talaga ako sa NRCO, DOLE, at ISP dahil binigyan po kami ng ikabubuhay dito sa Manito. Nakakatulong din po kami dito sa amin dahil nabibigyan po namin sila ng hanapbuhay, said Ryan Mark Antiquera, an active seaman for six years.

Walis Tambo is a popular native product in Manito, Albay. As of date, the Antiqueras have hired ten workers in their business venture.

According to the Antiqueras, they have plans of expanding such business this year.

The 2016 NRCO-ISP Business Plan Competition is a special project of the NRCO and ISP.

The Integrated Seafarers of the Philippines is a non-stock and non-profit organization formed and established for the welfare of Filipino seafarers and their families. It aims to create avenues where the seafarers' families can improve their lives while the seafarers are on active duty; and to provide ways for their easier social reintegration after the culmination of their overseas jobs.

The NRCO, on the other hand, is mandated to develop, promote and implement a national agenda on sustainable return and reintegration to address the multi-faceted reintegration needs of returning Overseas Filipino Workers and their families, including the development of their hometowns and/or communities.

Another round of the Business Plan Competition for seafarers will roll-out this year. You may visit the NRCO Facebook, and NRCO website for more details.

Source: Philippines Information Agency