Omaque Workx

With EUR 2,000 Eleanor can sustain the growth of her fashion business and supply to more shopping malls.

funding gap emerging markets
NPFC
Company
Philippines
Country

The project

Ms. Eleanor Omaque, a single proprietor was inspired from her sibling’s business where she was employed since college to support her needs in schooling. Her 11 years of experience working as a production head on her sibling’s handicraft manufacturing became her foundation in starting her own business. On 2011, she started her operations. With her own savings, she was able to put up her own fashion accessories manufacturing. By January 2015 she was able to formalize her business and named it after her last name, ‘Omaque Beaded Workx’. At present she employs 10 workers where 2 are classified as PWDs (persons with Disability), a deaf and mute. As a commitment to help her workers she has 2 scholars (children of her workers) where she supports their studies and provide free lunch to all her employees. Her products were being distributed to big malls in Cebu and some of her clients were also known personalities in different places in the Philippines. Through Manila Fame (exhibit of different products in big establishments), Ms. Eleonor met of NPFC’s credit officers in Cebu and was granted a loan to purchase additional working capital to her increasing volume of orders.

NPFC

CEO
Eleanor Omaque
Founded
2011-01-01
Location
Bulacao, Cebu City
Sector
Manufacturing / Production
Turnover
€53,567.76
Employees
10
€2,000raised
Fully funded in 46 days on 19 May 2015.
7investors
Invest in microfinance
€2,000
target
4.0
%
Interest
6
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved