Hard work made this kid very rich

BLESSED are the early risers, the hard working people who are also gifted with business sense because they are sure to reap their just reward in due time.

KID EARNING MONEY – There are a few such people that we know and one of them is Eddie Doromal of Barrio 9, Banga, South Cotabato. He was 52 when  we interviewed in 2011. When he was an elementary pupil, he would wake up at 4:00 in the morning of every Thursday to go to the public market. With his pushcart, he would assist the sellers of fruits and vegetables in bringing their merchandise to their stalls. From each stallholder, he usually received 50 centavos. Before 7:00, he would go back to his home with a few pesos in hand. Then he would prepare to go to school. For years, that would be his routine.

GIFTED  WITH PIGLET – Then when he was 12 years old, his grandmother gifted him with a female piglet with the instruction that he take good care of it and then breed it when it was time to do so. That’s exactly what he did and in two years, he was able to multiply the female piglet. When he was 14, he sold seven fattened hogs which fetched him P7,600. That was a fortune to Eddie

BOUGHT TRICYCLE – And what did he do with his money? That was enough to buy him a brand new tricycle which he used in ferrying passengers from his barrio to the town proper. He still remembered that his tricycle could load eight passengers and he charged 60 centavos per head. For two years, he continued to drive his tricycle and at the same time multiplied his pigs. By the way, his tricycle was still kept in one corner of his headquarters.

AT 18 STARTED PLANTING CORN – Eddie is a frugal person and saved most of his earnings from his pigs and his tricycle driving. Then when he was 18, somebody mortgaged to him one hectare of land for P3,000. That started his career in corn farming which had become his big money maker.

With new income of P3,000 income, another one-hectare farm was mortgaged to him, which he planted to hybrid corn. Then two more hectares were mortgaged to him after that. He planted those mortgaged land two to three crops of corn per year. That’s how he increased his income.

GOT MARRIED AT 22 – In 1980, when he was 22, Eddie got married. All the more he worked harder and his income correspondingly increased. By the time he got married, he was already planting corn on 10 hectares that were mortgaged to him.

FIRST 2 HECTARES OF HIS OWN – For the first time in 1984, when he was 26, he bought his first two hectares at P24,000. After every cropping or two, more hectares were mortgaged to him, and at the same time he kept on buying more land for himself. By 1990, he had already bought 15 hectares for himself and by the year 2000, his land ownership had increased to 30 hectares, thanks to his income from growing corn, and also from his piggery.

CONTINUED GROWING PIGS – Eddie had not stopped growing pigs since his grandmother gave him a female piglet to raise when he was 12 years old. And he was also making good income from his piggery. Recently, he said, he sold 30 fatteners for a total of P216,000. At the same time of our interview, he had 25 female breeders and 90 were being fattened. He intended to increase his breeders so he could raise more fatteners. He didn’t sell his piglets. He fattened all of them. After all, he had plenty of corn to feed them. Eddie  continued to buy more land for himself so that at the time of our interview in 2011 he owned no less than 100 hectares, all used for growing his favorite crop, corn.

FINANCIER TOO – For the past many years, Bioseed 9909 was his favorite variety. This is high-yielding and is said to be resistant to pests and diseases. A newer variety that he was planting was Healer 101, a Bt corn that is claimed to have a potential yield of 11 tons per hectare. Aside from growing corn on land he owned and on farms mortgaged to him, he also financed other farmers. He was financing 60 corn farmers who were cultivating no less than 100 hectares when we met him.

In financing other farmers, he advanced the needed seeds, fertilizers, herbicide, money for paying planters, harvesters and other expenses. These were paid after harvest. Eddie bought the farmers’ harvest and also rendered other services such as hauling the harvest, shelling the same and also drying the grains in his spacious cemented solar dryer.

OWNED BIG TRUCKS – Eddie owned two big trucks for hauling his own harvest as well as those of other farmers. He also had four big tractors for land preparation.

All in all, this very industrious fellow named Eddie Doromal had gone a long way from his pushcart pushing days. He is now a wealthy man who could proudly claim that hard work made him rich. By  the way, he stopped schooling after the elementary grades, probably he felt no need for a higher education because he was already making good as an agripreneur.

Image 13-05-2020 at 1.24 AM.jpg

Related Posts Plugin for WordPress, Blogger...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.