The CMA is a signature initiative of the Citi Foundation aimed at generating economic opportunities for low-income people, including youth, around the globe. The awards program provides entrepreneurs with resources to strengthen their business, including access to networks, capital, tools and training; and enables individuals to create economic sustainability for themselves, their families, and their communities.
Erwin Ramos, who turns bidbid fish into fishballs and other processed products, was presented the CMA Microentrepreneur of the Year award in ceremonies held at the Metropolitan Museum of Manila, Bangko Sentral ng Pilipinas Complex, Manila.
“We are honored to recognize and celebrate successful entrepreneurs whose perseverance, determination and conviction to pursue their dreams serves as an inspiration to others. These outstanding entrepreneurs have made a difference for their families and now serve as catalysts to encourage and motivate other entrepreneurs to follow in their footsteps. Citi Philippines is dedicated to supporting financial inclusion initiatives that help Filipinos achieve financial independence and enable them to make a contribution to their communities,” said Citi Philippines CEO Aftab Ahmed.
In 2011, Ramos, together with his wife Lanie, experimented with the use of bidbid fish—considered a nuisance in bangus fishponds—as base ingredient for fishballs. In time, they ventured into dried fish processing and fish chicharon (crispy skin)-making. An initial loan of PhP5,000 from UPLIFT Philippines, Inc. helped Ramos launch their own brand, Erwin and Lanie’s Fishball. His production facility in Paombong, Bulacan churns out freshly made fishballs and other products on a daily basis. No part of the bidbid fish goes to waste; even the innards are used as feeds in prawn farms. To this day, Ramos continues to make product innovations while relentlessly marketing his products to clients in person.
This year’s winners received close to PhP2 million in cash and non-cash prizes that include life and health insurance coverage for one year; laptops and IT training; and grassroots entrepreneurship training at the Citi Microenterprise Development Center, another Citi Foundation program in partnership with Bayan Academy. The winners will also be highlighted during celebratory town halls in their respective hometowns after the awarding ceremony.
CMA is now on its 16th year of recognizing outstanding microentrepreneurs across the Philippines. Through the years, this awards program has highlighted the efforts of multiple stakeholders working together to strengthen microfinance and enterprise development, and financial inclusion in the country. CMA has given recognition to over one hundred microentrepreneurs across the country, including youth microentrepreneurs and those with notable contributions in community leadership, agriculture, and environmental sustainability.
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