100%

funded

Total loan: $650

Horno Group

Antipolo City, Calabarzon, Philippines / Manufacturing

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A loan helped to buy a new sewing machine to sew round rags that have now increased in order volume.


Horno Group's story

Emalinda and her group are thankful for the previous loan extended to them. On her part, Emalinda used the portion of the loan to buy scrap fabrics that she sewed into round rags. The increased volume of fabrics enabled her to deliver bulk orders to her buyers which has turned these buyers into regular customers. The rest of the group members also utilized the loan for their respective businesses. Each member of the group paid their loan amortization on time.

With more buyers now regularly ordering from her, Emalinda saw the need for an additional sewing machine. She is requesting another loan to be able to buy a new sewing machine to sew round rags that have now increased in order volume. The additional sewing machine will be used by one of her neighbors who will work for the now small shop that Emalinda is beginning to establish. As with the previous loan, the loan amount is shared among other members of the group for their specific business needs.

In this photo (L-R): Joel, Emalinda and Myrna