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funding gap emerging markets
Filipinas

Elinons Rag?s Making

  • NPFC
  • Invertir en microfinanzas
  • + otros 1 inversores
  • With a loan of EUR 2,000 Imelda can help more housewives by lending them sewing machines.

    €2,000
    Importe
    3.00%
    Interés
    6 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€2,000
    Interés3.00%
    Vencimiento6 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Financiación completa en 17 horasen 28 Septiembre 2015.

      El proyecto

      The municipality of Taytay in the province of Rizal, Philippines is known as the ‘Woodworks and Garments Capital of the Philippines’. Most of the residence here, especially women are engaged in sewing of clothes and rags, that some people from different municipality and province visits the town because of the quality ready-made and low-cost clothings. Imelda Elinon a residence of Taytay, Rizal is also engaged in rag making. She and her husband established “Elinons Rag’s Making” in 1987, named next to their family name. It is now operating for 28 years.

      Though she was not able to finish her studies, Imelda proved that dreams can be real to a persevering person. She aims to help the out-of-school youth and housewives from her neighborhood. To date, she employs six regular workers that receives a piece rate salary, given on a weekly basis. Aside from the regular workers, she has housewives sub-contractor whom she lends sewing machines that allows them to do the work of sewing rags for at their own houses.

      Because of the good service that she continuously provides to her buyers, Imelda was able to serve different clients. She has clients that purchase bulk order of rags that she delivers on a monthly basis.

      With the additional working capital loan that Imelda acquired from NPFC and Lendahand, she can help the community and generate additional employment, especially housewives.

      Nombre de la empresaNPFC
      Director generalImelda Elinon
      Fundado1987-01-01
      UbicaciónTaytay, Rizal
      SectorProducción manufacturera
      Volumen de negocio€20,336.33
      Empleados6

      Impacto

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