Philippines based Venture

Deals D000030
Description The business seeks to address the lack of employment opportunity in a rural community especially for the youth and creation of value out of native fibers. The applicant knows that there is good market demand overseas for native handicraft household itemsmade of available native fibers as she herself used to work as operations manager of a similar exporting company. The business now regularly employs 15 workers and hires additional 30-40 by pieceworkers during peak season. Employees are provided with legal wage and free meals. Workers’ safety is also a priority. The project uses indigenous materials to produce skillfully handcrafted and elegantly designed good products such as household and office items like tissue holders, home and office bin baskets, hamper, pet basket, bath and laundry bins etc. The product is presently being exported to the US and the Asian regions. The loan will be used to buy raw materials, pay for the laborers and therefore meet order from exporters abroad.
Country Of origin Philippines
Funding Sector Impact Investment
Colloboration Type