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funding gap emerging markets
Philippines

J&M Shirt Enterprises

  • NPFC
  • Invest in a Financial Institution
  • + 10 other investors
  • With EUR 8,000 Mae can increase the production of her t-shirt company. Furthermore, she can hire 3 extra employees.

    €8,000
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,000
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 25 days on 15 September 2014.

      Summary

      Loidamae Villaflores is a thirty five (35) year old mechanical engineering undergraduate and a mother of two (2) worked at PSI Tech as process engineer for ten (10) years. Mae, as she is called resigned her work due to the frequent illness of her son. Needing to have an income and being at the side of her son, Mae started a garment making business as a cottage industry seven (7) years ago. She had thought of the garment business since Taytay where she grew up and raised is known for the garment industry. With the help of her mother-in-law, she set up the shop and began making shirts. In 2010, she made the business into a full blown enterprise and registered the business as Jun and Mae Shirt Enterprises which the name was derived from the couple names. Her husband, who was a former OFW (Overseas Filipino Worker) is in-charge with operations and the designer for the shirts. While Mae is in-charge with the finances. The products are being delivered to malls around Baclaran and supplies products to different kiosks in Greenhills. The difficulties the business encounters are when there are no textile to work with and the collection from the products. The business, currently employs eight (8) males for the prints and eight (8) females as seamstresses. All sixteen (16) employees benefits with just and legal compensations. The seamstresses are housewives while the males are from the southern province of Bacolod and housed for free near the factory. Mae plans to expand the business with relatives in the provinces as to help these relatives needing financial help and as a start-up business. Jun and Mae Shirt Enterprises donate products as prices and gifts for the homeowners' Christmas party. Lend a Hand partner’s NPFC is helping Jun and Mae Entrerprise acquire additional capital to boost the production and support for the incoming orders.

      Company nameJ&M Shirt Enterprises
      CEOLoidamae Villaflores
      Founded2010-01-01
      LocationTaytay, Rizal
      SectorManufacturing / Production
      Turnover€29,473.77
      Employees16

      Impact

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

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

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