Goldmine Farm to Market plans to expand its network of franchises to over a hundred in 2024, giving Filipinos a chance to sustain their livelihood and give the government more reason to improve food security.
Goldmine founder and president Orlando Manuntag said the company is building its rice retailing network to spread the “bigasan” franchising nationwide, expanding the availability of the staple even to farthest places in the provinces at an affordable price.
“And with this in mind, we are offering a rebate on our turnkey package of as much as P100,000 as we celebrate on Jan. 12 our first anniversary as a franchisor. We think this will help Filipinos who are looking for a supplemental or even major source of livelihood,” he said Thursday.
The promotional run started on Jan. 5 and will continue until Jan. 14. Goldmine is offering P100,000 off the turnkey package from P488,000 to P388,000.
Goldmine is closing five franchise deals in Metro Manila and in neighboring provinces this month.
Manuntag said the company is working double time to process at least 78 franchise leads with the intent of closing at least 50 within the year.
Goldmine franchisees are mostly overseas Filipinos workers’ (OFWs) families who are looking for investments.
The first phase of the franchising package involves rice retailing of 12 rice varieties that will include regular and well-milled rice, premium rice varieties, fancy rice, colored rice from brown, red to black rice, glutinous rice as well as imported rice varieties like jasmine and Japanese rice.
The second phase will expand the franchise to carry other agricultural products such as coffee.
Goldmine supports over 30 farmers though contract production agreements. It provides production collaterals including seeds and other farm implements to farmers to dissuade farmers from taking a loan from the banks and contend with high interest rates.
“What we do is we deduct the cost of production come harvest time,” Manuntag said.
