Philippine E-Journals

DAKILA “GO FAR WITH ABACA”: A BUSINESS VENTURE

Rhodora Andrea Yumol | Virginia V. Salonga

 

Abstract:

The amount of plastic and other trash produced by the sudden emergence and demand for face masks is immeasurable, as these masks are intended to be used only once. As a result, thousands of tons of additional waste will be disposed of at a landfill. To address this, the proposed business venture “Dakila” acknowledges the need for a solution to the challenge of reducing plastic waste by using eco-friendly local abaca products. The study aims to create an abaca face mask employing abaca fiber as an alternative to synthetic or polypropylene face masks. A research study showed by the DOST – Department of Science and Technology recommends ducting standard tests by accredited institutions and further R&D on the potential of abaca handmade paper as a material component of face masks. The proponent conducted actual market research utilizing an online survey and interview to potential suppliers and target customers to estimate demand data and compute for the projected market potential using smoothing techniques. Financial analysis based on the production capacity and operational costs to be incurred were considered to project a viable and profitable 3-year projected business plan. According to the findings of the study, abaca face masks are safe as an alternative biodegradable face mask for humans. The proposed business venture has the potential to be commercialized to its target market, and with the needed capitalization requirement, the business shall earn a good return of investment. Apart from giving better protection, it will also help in making a distinction in the Philippine economy by helping abaca agriculturists, social entrepreneurs, and their workers.