What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Prêt Participatif Grand Est
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
Central and Eastern European Technology Transfer (CEETT)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

Theo and Brom: Philippine chocolate in Belgium

image

You may not know this, but the scientific name for the cocoa tree is actually Theobroma cacao. Myey Flores-Moens took that word apart to create Theo and Brom, giving this name to her own line of chocolate with its unique mix of Belgian and Philippine culture. “I’m celebrating both my Philippine roots and also my new home in Belgium.”

Myey uses Belgian chocolate-making expertise to produce tableya, a traditional Philippine chocolate delicacy. Tableya is a dark chocolate product usually rolled into a cylindrical shape and sliced into little discs, and can be eaten solid, or melted into a chocolate drink. From the outset, Myey knew her key customer base would be expatriate Filipinos. “This product is very nostalgic. For Filipinos everywhere, it brings back memories from childhood.” Based in Ghent, Myey sells her products exclusively via ecommerce and the US and the Philippines are her biggest markets.

Her entrepreneurial spirit comes from her childhood: being the eldest daughter, she became a breadwinner for her family in the US when her father passed away when she was 18. But starting up her own business when she moved to Belgium in 2018 was a challenge at another level… “Starting up your own business isn’t easy. There’s the anxiety that never ends, the fear of the unknown. It’s a big challenge and it’s humbling I guess. But at the end of the day, it’s all well worth it,” Myey explains. The first step to starting up was finding a cacao consultant and a good chocolate-maker. “It was hard finding someone to believe in the idea”, admits Myey, “but contact after contact, I eventually found someone who shares my interest in sustainability and that helped to get the business off the ground.”

Theo and Brom uses only cacao beans from the Philippines, and pays for cacao three times the bulk market price to support sustainable development for farmers. “We see the farmers as partners and want to make sure we have a positive impact on them in our own way,” she adds. The start-up also supports employment in the local area, by outsourcing packaging to a social packaging workplace. Then there’s the financing. The initial start-up funds came from Myey’s husband, but within 3 months, she had reimbursed that amount and was looking for additional financing to boost production. This came in the form of an EU-guaranteed loan from microStart, backed by the EIF under the Investment Plan for Europe. Business is now in full swing, with a new line out for family gatherings over Christmas 2019.

“As a female entrepreneur with an immigrant background, sometimes it feels like people make assumptions about what I can and can’t do and it might feel like the odds are stacked against you. But right now I’m doing great. I’d love to be a champion for female entrepreneurs,” she concludes.

Company: Theo and Brom (Belgium)

Type of business: food & beverage

EIF financing: EaSI Guarantee Financial Instrument, EFSI

Financial intermediary: microStart

For further information about EIF intermediaries in Belgium, please refer to: http://www.eif.org/what_we_do/where/be/index.htm

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2021 – The European Investment Fund is not responsible for the content of external internet sites.