Friday, March 23, 2012

Seakid Crispy Snacks: Gutsy Move Saved the Future




“He conquers who endures” --- Persius

It was an ordinary day by most respects, but for Elizabeth Toscano, owner and general manager of Toscano-Soriano Trading, this was a day she hopes would change the course of her business. She was attending the National Trade Fair organized by the Department of Trade and Industry that summer day of March, 2003, and she has decided that whatever happens today she will introduce her product to then Secretary Mar Roxas and present her needs and get some kind of assistance to expand her business.

So when the opportunity presented itself, with much bravado, she boldly and with great pride had her products tasted by the Secretary who was then with the Small Business Corporation Chairperson, Zorayda Amelia C. Alonzo and some officers of the DTI. It was an instant hit. Because of its distinctive taste and crispiness, the taste test paved the way for the product to be a bestseller in the trade fair. Easily, the product, sold under the brand name Seakid, sold all its stocks with a reported average sale of P 25,000 a day.

Toscano started her business in 1993 as a micro enterprise, packaging and trading ordinary dried anchovies(dilis), squid(pusit), and peanuts(mani) from Divisoria market. Realizing the need to put added value to her products, she started to innovate and introduce new ways of cooking and packaging the dried fish such as dilis, tuyo, sasap, and dried squid (pusit). Her creative ways with the dried fish and squid paid dividends as exporters and consolidators considered Seakid to be of export quality gaining acceptance in the domestic and foreign markets.

Seakid products did not go unrecognized. In December 5, 2001, they were awarded  by PHILFOODEX, INC. the Most Promising Product Award, which is a testament to the good quality of Seakid products. The rest is history, the recognition paved the way for its membership in industry associations such as the Philippine Food Processors and Exporters Organization Inc., the Philippine Exporters Confederation, Inc., and the Integrated Food Manufacturers’ Association of the Philippines for Productivity.

The  determination and hardwork that Toscano put into the business, and her bravado that day at the national Trade Fair opened the doors for the her to get the financing support she badly needed to expand the business. With the Small Business Corporation’s  GUIDE program, Toscano was able to get a P 3.4 million loan in 2003 to finance the expansion of her business as follows: renovation of the office and factory, acquisition of equipment, establishment of cart outlets and additional working capital.

The financing from Small Business Corporation brought the business from a backyard type of operation to a commercial one. Since then, Seakid products have gained inroads both in the local and international markets. Moreover, the initial loan became a catalyst to move Seakid products to higher level of production and marketing.

Since then, Toscano-Soriano Trading has not looked back and continues to grow in the export market. Subsequent working capital loans followed which saw its products gaining international acceptance.

The story of Seakid products is always appreciated for its commercial success, but it is more admirable when we know that its humble beginnings were spurred by a couple that did not possess the high education associated with material and business success.

They were high school graduates who dared to dream, and had the determination and sacrifice needed to succeed. Today, whatever success Seakid products have is a testament to the courage, will,  and determination of  ordinary people who did extraordinary work on a simple, homegrown natural resource that is now going places in the world market.



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