How to Start a Pawnshop Business

Pawnbroking activities in the Philippines are governed by Presidential Decree No. 114, otherwise knowm as the Pawnshop Regulation Act. Only Filipinos may own a pawnshop organized as a single proprietorship. For partnerships and corporations, foreign ownership should be limited to 30 percent. So what's the procedure involved in starting a Pawnshop Business? 

1. CALL Bangko Sentral ng Pilipinas (BSP) pawnshop hotline, (02)524-8713, to check if the pawnshop name you want is already taken. 

2. Register your business either at the Department of Trade and Industry (DTI), for single proprietorship, or the Securities and Exchange Commission, for partnerships or corporations. The DTI is at the Trade & Industry Building, Sen. Gil Puyat Ave., Makati. In the provinces, DTI offices are in or near municipal buildings. Application forms are also available at DTI's website, http://www.dti.gov.ph. Only Filipinos may own a pawnshop organized as a single proprietorship. For partnerships and corporations, foreign ownership should be limited to 30 percent. 

3. Secure a business permit from the city or municipality where pawnshop will be located. 

4. Register with the BSP. See http://www.bsp.gov.ph/regulations/forms.htm for the complete list of requirements. These include permits from the DTI or SEC and the local government, an information sheet, personal data sheets, bank certification of at least P100,000 capital and location sketch. 

5. Pay the processing fee of P1,000. 6. It will take two to three weeks for the BSP to process your application. Make sure you open your business within six months after the application is approved or your permit will be revoked.

Source: Jamie Alarcon, Chona Galang, PDI Research, photo from www.openeyegallery.co.uk/

Green Beans (Pole Sitaw) Farming

Pole Sitaw (Vigna unguiculata L.) It is known as sitaw in Tagalog, utong in Ilocano, hantak in Waray, batong in Cebuano and latuy for the people of Marinduque. I wonder how it is called in Maranao, Tausug or in Bicolano? Pole Sitao is a climbing herb crop raised basically for its pods, although shoots and young leaves are also edible. Pods are slender, 30-60 cm long and somewhat inflated with many seeds whose color depends on the variety. The crisp young pods, which have a high nutritional value, can be sauteed alone or cooked along with other vegetables. 

Varieties 

 1. CSL-19- early maturing variety, which flowers 37 to 43 days after planting. Pods are light green, crisp, smooth textured, and non-fibrous with good eating quality. CSL-19 is moderately resistant to black bean aphids and bean fly. Other light-green-podded varieties are CSL-14, CSL-15, CSL-16, PS3, and PS 1. 2. 83-0002 ? is a variety with dark green leaves, which flowers 39-48 days after planting, It is moderately resistant to bean fly and pod borer and has a high level of resistance to fusarium wilt. Pods are dark green with purple tips, crisp and non-fibrous, and with good eating quality. Seed coat is very thick. Other fark-green-podded varieties are Sandigan, CSD-4, 87-005, Acc 288, CSD-36 and 89-020. 

Climate and Soil Requirements Pole sitao is well adapted to the lowland tropics with a temperature range of 20-35C. It grows best under full sunlight although it can also tolerate partial shading. Adequate supply of water and a rich, friable, fertile soil promotes healthy growth and good quality pods. 

Planting Pre-germinate or directly sow seeds in pots or drill 2.5 to 3.5 cm deep in the plots with a distance of 30 cm. Construct trellis/stakes, 200-250 m long to support the vines after the seedlings have fully developed. Boxes, plastic twines, abaca twines or wire will also help support the climbing habit of the crop. Apply organic waste to enhance crop vigor and yield. Mulch the crop with grass clippings and kitchen waste. To minimize pest and damage, plant marigold and holy basil (solasi) in borders to repel insects. Spread grated coconut waste over the plant to invite ants, which feed on worms. Spray hot pepper extract with soap against aphids and podborers. 

Harvesting Pick young pods six to seven weeks after planting or when seeds become visible on the outline of the pod. Fresh pods left in the field becomes tough and dissolved. Seeds become swollen, which reduces yielding capacity. Harvest every 2-3 days. For marketing, 20-40 pods may be bundled. Store in a cool (8C), dry place up to four weeks. 

Source:PCARRD Pole Sitaw Production Guide; photo from www. karen.mychronicles.net