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funding gap emerging markets
Philippines

Abbylyn Bags & Shoes

  • NPFC
  • Invest in microfinance
  • + 13 other investors
  • €4,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 101 days on 15 March 2014.

      The project

      Lyn’s family originally made only shoes for their customers but demand for bags matching the shoes continually grew opening up new possibilities for their business to expand. At age 54 and a mother of 2, Lyn now manages the bags and shoe business handling orders from known retail shops such as SM Kultura. Her husband also has a printing business on his own and her daughter does part time bag design work for her as well.

      The bags that they create are uniquely made from “Tinalak” a local,native material that embodies the Filipino artistic culture. It is a hand woven material made by T'boli tribes of Lake Sebu in Cotabato. The bags are also enhanced with bead works of which Lyn plans to subcontract from the wives of tricycle drivers in her community to provide them livelihood. Currently, the 24 year old company employs 10 personnel of which 5 are women.

      Supporting an annual gross sales of P1,300,000, Lyn dreams for the business to grow and to have a bigger impact in the community in terms of employment. NPFC granted her a loan amounting to P300,000 payable in 24 months so that she can be one step closer in realizing her dream of expanding the business.

      Company nameNPFC
      CEOLyn Ang
      Founded1989-01-01
      LocationPASIG CITY
      SectorManufacturing / Production
      Turnover€27,415.80
      Employees10

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Abbylyn Bags & Shoes

      Hajé van Egmond
      Cees van Iperen
      Marion van Wingerden
      Ruurd Kamphuis
      + and another
      13
      investors