DTI Iloilo Provincial Director Diosdado P. Cadena, Jr. urged other non-government organizations and other groups to follow the success now enjoyed by the Taytay sa Kauswagan Inc. (TSKI) and its marketing arm, the Tinukib Foundation Inc.
“We hope to see other NGOs to replicate this success. TSKI has provided economic, social and cultural development of the country,” Cadena told the media at the sidelines of the grand launching of Tinukib at the Festive Walk Parade in Megaworld’s Iloilo Business Park.
Tinukib’s second pasalubong center was launched on Wednesday, January 18, 2017. Its first outlet was launched three years ago at the TSKI Building in Pavia, Iloilo, according to TSKI Executive Director Angelo Solarte.
“We saw how Tinukib grew as the marketing arm of TSKI,” said Cadena, citing how TSKI started from a small micro-finance company and diversifying to business development services providing product development technology, skills training and marketing programs to its members.
Cadena recalled that TSKI started in 1986 as an NGO with a P2,500 starting fund to register at the Securities and Exchange Commission. In the early 1990’s, he added, TSKI borrowed from the financing program of the DTI amounting to P250,000.
Cadena said TSKI was able to repay its loan because of its good financial management.
From there on, TSKI have now grown into a billion-peso asset, Cadena added.