Investing in the Philippines to modernize agriculture and mariculture, as well as providing much needed broadband infrastructure, will be key to this growth. We anticipate that investing for impact in the country will rise as a result of its growing, educated population, stable financial markets, and large unmet social needs. With Ignite Impact Fund, you can be part of this coming economic growth in the Philippines.
The Philippines is the predominant gateway to ASEAN for American firms due to its large, young, tech-savvy population. However, the Philippines is also one of the poorest nations in ASEAN with over 11.7% of the Filipino people – primarily farmers and fisherfolk – living under the international poverty line and having no forms of acceptable identification. 61% are living on $7/day and have access to some basic services since they are voters. The country’s inefficient local governance and dependence on overseas Filipino workers have made the economy the hardest hit by the COVID-19 pandemic in the ASEAN region.
Quicksilver Satcom Ventures Inc. is the national satellite broadband internet provider. Its purpose is to provide internet connectivity services to unserved and underserved communities in the Philippines utilizing Very Small Aperture Terminals (VSAT) and satellite technology.
BioPrime 5-5-5 is a unique all-natural fertilizer and soil conditioner, produced in the United States using nano technology, that promotes and stimulates crop growth while using 50% less chemical fertilizer. The results have a significant positive impact in terms of lower input costs and increased crop yield.
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