Expanding the abaca fiber business

San Isidro Upland Farmers Multipurpose Cooperative (SIUFMULCO) is a primary cooperative established in 1989 located in the island of Mindanao (Philippines). San Isidro cooperative is engaged in the trading of abaca fiber produced by its members as well as sourced from other local cooperatives. The cooperative purchases abaca fiber from farmers in three buying stations and then transfers it to a centralized warehouse where the fiber is sorted, cleaned and packed (baled). Then, the cooperative sells the fiber to local exporting traders.

Thanks to the clear and structured strategic plan, in July 2022, San Isidro cooperative reached an agreement with a local financing institution (BCBMPC) for a PHP 15 million investment loan (+EUR 250K) to finance the purchase of two trucks, repair the baling machines and increase its working capital. The purchasing of two Isuzu 10 Tn capacity trucks allowed San Isidro to speed up the delivery of abaca fiber to buyers while at the same time free up space at the warehouse.

[kunalmaurya]

I m from India what rate of abaca per kg in Phillipines???

[joeladrianov]

New subscriber here.. want know on how to market it.. i have in my property those abacas.. and don't know what to do..

[jonpioarnejo]

Maam, naa me lanot nangita me og buyer, pla ang price from Queson Bulidnon

[WalidahLomaulad]

Ma'am paano mag umpisa ng abaca business