funding gap emerging markets
Philippines

L.M.R. High Fashion

  • NPFC
  • Invest in microfinance
  • + 3 other investors
  • €1,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 27 March 2014.

      The project

      Lorna M. Reyes worked for Moviestar Garments as a sewing supervisor for ten (10) years. While working as a supervisor, a neighbor was seeking help for her purchase order, with one sewing machine she started manufacturing garments. From then on, she start taking orders and producing garments adding income for the growing family of three (3)children. In 1995, she formalized the garment business and formed LMR High Fashion.

      The fifty two (52) year old entrepreneur get sub-contracting orders from leading garment brads and have the products sold in malls nationwide. She now employs ten (10) seamstresses, all are housewives from the neighborhood. She plans to expand the production area at the second level of the building for more sewing machines and more workers.

      Lendahand partners NPFC are helping LMR High Fashion to get more raw materials to boost up production and support for incoming orders. 

      Company nameNPFC
      CEOLorna Reyes
      Founded1995-01-01
      LocationPasig City
      SectorManufacturing / Production
      Turnover€30,922.52
      Employees10

      Impact

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