July 21, 2018, 5:20 pm
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1 Philippine Peso = 0.0687 UAE Dirham
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1 Philippine Peso = 0.51646 Argentine Peso
1 Philippine Peso = 0.02528 Australian Dollar
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1 Philippine Peso = 0.01606 Euro
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1 Philippine Peso = 0.01429 Falkland Islands Pound
1 Philippine Peso = 0.01431 British Pound
1 Philippine Peso = 0.08962 Ghanaian Cedi
1 Philippine Peso = 0.88982 Gambian Dalasi
1 Philippine Peso = 168.66816 Guinea Franc
1 Philippine Peso = 0.14005 Guatemala Quetzal
1 Philippine Peso = 3.88103 Guyana Dollar
1 Philippine Peso = 0.1468 Hong Kong Dollar
1 Philippine Peso = 0.44747 Honduras Lempira
1 Philippine Peso = 0.1187 Croatian Kuna
1 Philippine Peso = 1.26057 Haiti Gourde
1 Philippine Peso = 5.20183 Hungarian Forint
1 Philippine Peso = 269.36027 Indonesian Rupiah
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1 Philippine Peso = 1.28159 Indian Rupee
1 Philippine Peso = 22.25963 Iraqi Dinar
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1 Philippine Peso = 2.43547 Jamaican Dollar
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1 Philippine Peso = 2.11107 Japanese Yen
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1 Philippine Peso = 21.15413 Korean Won
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1 Philippine Peso = 0.31076 Moldovan Leu
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1 Philippine Peso = 26.78638 Myanmar Kyat
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1 Philippine Peso = 0.15122 Macau Pataca
1 Philippine Peso = 6.64048 Mauritania Ougulya
1 Philippine Peso = 0.64347 Mauritius Rupee
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1 Philippine Peso = 0.24819 Namibian Dollar
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1 Philippine Peso = 2.04293 Nepalese Rupee
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1 Philippine Peso = 1 Philippine Peso
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1 Philippine Peso = 106.97905 Paraguayan Guarani
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1 Philippine Peso = 0.07015 Saudi Arabian Riyal
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1 Philippine Peso = 0.25122 Seychelles Rupee
1 Philippine Peso = 0.33483 Sudanese Pound
1 Philippine Peso = 0.16573 Swedish Krona
1 Philippine Peso = 0.02554 Singapore Dollar
1 Philippine Peso = 0.0143 St Helena Pound
1 Philippine Peso = 0.41538 Slovak Koruna
1 Philippine Peso = 153.38571 Sierra Leone Leone
1 Philippine Peso = 10.68088 Somali Shilling
1 Philippine Peso = 393.68313 Sao Tome Dobra
1 Philippine Peso = 0.16367 El Salvador Colon
1 Philippine Peso = 9.633 Syrian Pound
1 Philippine Peso = 0.24845 Swaziland Lilageni
1 Philippine Peso = 0.62252 Thai Baht
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1 Philippine Peso = 0.08966 Turkish Lira
1 Philippine Peso = 0.12587 Trinidad Tobago Dollar
1 Philippine Peso = 0.57159 Taiwan Dollar
1 Philippine Peso = 42.49906 Tanzanian Shilling
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1 Philippine Peso = 69.56977 Ugandan Shilling
1 Philippine Peso = 0.01871 United States Dollar
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1 Philippine Peso = 145.09914 Uzbekistan Sum
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1 Philippine Peso = 431.12608 Vietnam Dong
1 Philippine Peso = 2.04265 Vanuatu Vatu
1 Philippine Peso = 0.04883 Samoa Tala
1 Philippine Peso = 10.52881 CFA Franc (BEAC)
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1 Philippine Peso = 10.52881 CFA Franc (BCEAO)
1 Philippine Peso = 1.90591 Pacific Franc
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Nata de coco manufacturer is 2015 Citi Microentrepreneur of the Year

For Lydia Malot, the National Winner of the 2015 Citi Microentrepreneurship Awards (CMA), P300 truly went a long way.  The former public school teacher only had that small amount when she decided to leave teaching and become a nata de coco manufacturer. Together with six other winners, Lydia was honored during the awarding ceremonies held at the Bangko Sentral ng Pilipinas (BSP) this December.

Lydia is the first CMA National Winner to hail from Mindanao in the program’s 12-year history.

A partnership among the BSP, Citi Philippines, and the Microfinance Council of the Philippines, Inc. (MCPI), the CMA is a nationwide search for the most outstanding micro business owners.  Funded by Citi Foundation, it started in 2002 as part of the celebration for Citi’s 100th year in the Philippines.  The CMA has since recognized more than 100 winners across the country. 

This year, the CMA set a new record with 144 nominations from 28 microfinance institutions and cooperatives across the country.

Citi Philippines CEO Aftab Ahmed, who served as co-chair of the National Selection Committee (NSC) that chose this year’s winners, expressed their appreciation for the industry’s continuing support for the program.  “Each year, it is a very involved process to identify seven awardees from a long list of winners. With each passing year, it becomes more and more evident that there continues to be a great wealth of entrepreneurs in this country. These are men and women who have displayed exceptional commitment, determination, and ingenuity to create businesses that have contributed to better lives for themselves and their families as well as to the communities in which they live.”

The NSC members were all equally generous in their compliments for the exemplary business accomplishments and inspiring stories of the nominees. Despite the difficult task of sifting through nominations, the NSC unanimously chose Lydia because ofher impressive business achievements and acts of bravery and perseverance. 

Armed with basic knowledge on nata de coco production and her PhP300 capital, Lydia and her husband were able to build a thriving enterprise. When her husband succumbed to an illness, she bravely took on the reins of the business and now supplies nata de coco to large canned food and juice producers in the Philippines. Lydia will soon be exporting her product to a customer overseas. Microfinance institution Kabalikat para sa Maunlad na Buhay, Inc. (KMBI) helps her by providing capital for expansion. 

The stories of the regional and special awardees are also full of hardship and victories.

Regional Awardee for Luzon Ester Shiela Vitto and husband Ronald were able to carve a market for their homegrown sandals and slippers using old tires for the footwear’s outer soles complemented witha unique service offering of free repair. Visayas Awardee Jordan Inalisan who started as a pastillas business worker is now the owner of the go-to store offering special pastillas and other delicacies from Carigara, Leyte; and Maternidad Salili, Mindanao winner is a proud manufacturer of coil springs for some of the country’s biggest manufacturing companies. Ester, Jordan, and Maternidad are clients of CARD Bank, Inc., Taytay sa Kauswagan, Inc., and KMBI, respectively.

The NSC also gave the Special Award for Agri Micro-business to two outstanding microentrepreneurs – mushroom and organic rice grower Victoria Bantilan of Negros Occidental; and fish breeder and knife fish trader Laarni Ditablan of Binangonan, Rizal. Marines Takingan’s advocacy on organic farming in La Trinidad, Benguet earned him the Special Award for Community Leadership. Victoria is a member of the Negros Women for Tomorrow Foundation, Inc; while Laarni is supported by Ahon sa Hirap, Inc. Marines receives assistance from ECLOF Philippines Foundation.

The winners received close to P2 million in cash and non-cash prizes including life and health insurance coverage; a 4-week entrepreneurship training; and laptops and IT training. They were also inducted to the CMA Alumni Network, the winners’ circle organized to provide support and networking opportunities to past winners. The alumni network offers members access to a one-on-one mentoring program that aims to identify and address specific business needs of the alumni to enhance business competitiveness. 

BSP Governor and NSC Co-Chair Amando Tetangco, Jr. in his keynote said that, “Indeed, our microentrepreneurs represent a gold mine of lessons and information that has been helping us transform and improve the lives of millions of Filipinos through microfinance. A significant factor in our growing harvest of successful microenterprises stories is a regulatory environment that enables microfinance institutions or MFIs to provide appropriate products and services.”

This year’s NSC is composed of Gov. Tetangco and Ahmed as co-chair; with members Antonino Alindogan, Jr., Independent Director, Rizal Commercial Banking Corporation; Lisa Gokongwei-Cheng, President, Summit Media; Jose Ma. Concepcion III, President and CEO, RFM Corporation; Atty. Felipe Gozon, President and CEO, GMA Network, Inc.;  Sec. Imelda Nicolas, Chairperson, Commission on Filipinos Overseas; Marixi Rufino-Prieto, Chair, the Philippine Daily Inquirer; Darwin Yu, PhD, Dean of John Gokongwei School of Management of the Ateneo de Manila University; and Fernando Zobel de Ayala, President, Ayala Corporation.  
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