Mr. Group Of Companies Pioneers An Angel Investment Platform For OFWs

As Mr. Group of Companies (MGC) opened its doors to the public last July 2017 for angel investing to provide support and assistance to the Micro Small and Medium Enterprises (MSMEs), this advocacy has led MGC to pioneer the angel investment platform for OFWs.

Serving as the “bridge” between MSMEs and potential investors, MGC is not only driving its efforts to help MSMEs but also, to encourage OFWs to become investors even if they’re far away from the country.

The concept of angel investment is not new in the business industry. It has already been in the country since 2009. Angel investors help start-up companies finance their business. And now, through MGC, OFWs can become angel investors and put at least 100,000 pesos and up to 10 million pesos for MGC’s platinum package – a pioneer platform in the country for overseas Filipinos.

The idea of MGC is to make OFWs who have the money but, have no time to invest, run a business through the angel investment platform. “Most of the OFWs who want to start a business in the country have no time and no physical contact to manage their own business here,” Bautista said. “In our online platform, it’s like OFWs can start a business.”

“I guess that we’re the pioneer in this kind of platform,” MGC Chairman and CEO Rowi Bautista said in an interview. “Ours is different because we’re using the modern technology.” Bautista referred to their company having developed a web application where OFWs can monitor their investments and the activities of the MSMEs. “They can set up a e-meeting with anyone in the company whenever they wish to.”

MGC is already managing a lot of MSMEs and OFWs, as angel investors, can be updated on the activities on the MSMEs where they have invested their money. “It’s like you’re overseeing everything that is happening in your MSME.”

While transparency is always a concern, Bautista already cleared the cloud. “They (potential OFW investors) can have access to the finances, they will have access to the financial statements of the MSMEs,” Bautista said in an interview. MGC assured that investments made by OFWs to MGC are safe and secure.

Aside from this, Bautista also highlighted that in the efforts of inviting OFWs to become angel investors, the company offers coaching and mentorship. “Before they (OFWs) will invest, they will have an orientation about the company profile, the values of investing, the values of helping MSMEs, the values of entrepreneurship, so we’ll be conducting an orientation for them,” said Bautista. The orientation and coaching is only for a day and can be done online or actual in their office. “However, if they require guidance from time to time, we are always willing to assist because that is our role, that is our promise to them.” Bautista reminded that MGC is not just an investment company but also, MGC is here to promote entrepreneurship and the welfare of MSMEs in the Philippines, most especially the startups.

With a target of 150 million pesos to raise, MGC is confident they’ll reach the mark and even more. “The 150 million pesos is just 15 platinum angels,” said Bautista. A platinum angel will invest 10 million pesos, but MGC is accepting as low as 100,000 pesos for starting angels. “Even an ordinary person can invest and can be an angel investor.”

Aside from this, MGC is also targeting the growth of the company at 50% per annum. In terms of the number of MSMEs, MGC plans to double it every year. “This year, we are starting off with 15 MSMEs,” Bautista said. MGC started with 5 MSMEs and plans to acquire 10 more MSMEs this year. “Next year, we’re going to acquire another 15 so it’s going to double and double.”

The impact of the pioneering angel investment platform for OFWs depends also on the MSMEs which MGC are helping. “If we are to increase the number of MSMEs, of course, we need to increase the number of angel investors.”

Bautista envisions a bandwagon effect not just locally, but also reaching to each and every Filipino around the globe through the angel investment platform for OFWs. The company has just recently marked its first year anniversary but MGC has already cemented its vision to be a publicly listed company by year 2020 registered at the Philippine Stock Exchange with a 100 million peso capital.

HSMA Meets With Flight Center Travel Group

Hotel Sales and Marketing Association took big steps to provide even more inbound tourists for Philippine tourism and travel industry.

Together with Flight Center Travel Group (FCTG), a company operating in 23 countries as of now and targets to continually grow to become the world’s most exciting and profitable travel retailer for their people and customers, was its Product Manager, Melanie McTighe, Baron Travel Corporation’s President, Marilen Sandejas Yaptangco and Department of Tourism’s Tourism Attaché for Australia and New Zealand, Norjamin Delos Reyes, HSMA through its President, Christine Urbanozo-Ibarreta was able to discuss and organize contracting to the Australian market. Australia and New Zealand is potentially a large source market for the Philippine tourism industry, it is a collaboration between HSMA and Baron Travel Corporation to advance engagements in planning f or the future rise of Australian and New Zealand market in the Philippines.

The meeting was productive on both ends in which ideas and proposals were exchanged for the benefit of all. This is what makes hospitality industry apart from others, being able to work with diverse markets and still be able to attain a set goal.

Together in one event are Melanie McTighe (center, left seated), Norjamin Delos Reyes (center, left seated), Christine Urbanozo-Ibarreta (1st row, 2nd standing), and Marilen Sandejas Yaptangco (1st row, 4th standing), and the rest of the HSMA Members.

Hotel Sales and Marketing Association (HSMA), organized in 1979, is in the forefront of providing hotel sales and marketing professionals with tools, insights and expertise to move their brand and remain current in the ever-evolving hotels and resorts industry.