100%

funded

Total loan: $125

Teodora

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Dasmarinas, Cavite, Calabarzon, Philippines / Manufacturing

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A loan helped to buy scrap fabric by the kilo for making cleaning rags to sell.


Teodora's story

Teodora is 60 years old, married, and has two children who now live with their own families. Her husband works as a tricycle driver. Even though she and her husband could have already stopped working, Teodora thinks of their needs if they were unable to work. She recognizes that her children have to provide for the needs of their families, so she does not want to burden them with her own needs when she and her husband retire.

The demand for round cleaning rags has recently increased. This is in anticipation of the rainy season when these rags are most often used by public transport drivers. Teodora is requesting a loan of 5,000 PHP in order to buy 100 kilos of scrap fabric in strips and another 50 kilos of additional scrap fabric pieces that she will use to assemble and sew the rags before selling them to buyers.

Teodora aims to generate more income so that she can accumulate enough savings for her and her husband's retirement.