Wednesday, September 27, 2006

Silver Handicrafts

Rose Flores Nepomuceno used to work in Manila as supervising corporate accountant at the National Food Authority (NFA).

Driven by the need to raise the family's income and her desire to be her own boss and to improve the quality of life of the people in her community, Ms. Nepomuceno established Silver Handicrafts in Numancia, Aklan in 1998.

Her products include loom woven raffia rolls, placemats, throw pillow cases, woven nito trays, coasters, placemats, boxes and home furnishings.

The company has actively sought and availed of government assistance in various forms in the past couple of years.

After several years of producing traditional designs of its products, Silver Handicrafts availed of Product Development and Design Center of the Philippines (PDDCP) assistance and came up with at least 30 new designs for the National Trade Fair (NTF), Fiber Festival, CITEM, and Kalibo Ati-Atihan Product Showcase.

These new designs drew the attention of local and foreign buyers, who had placed orders through exporters based in Manila. Sales generated for January-May this year reached P364,000, representing 22% increase over last year's.

The firm has been granted P1.3 million loan by SB Corporation, which is going into the completion of its factory, showroom and office.

Ms. Nepomuceno has taken advantage of One-on-One Consultation on Market Matching and attended trainings/seminars on Business Plan Preparation, Introduction to Export & Sales Negotiation (conducted by DTI in coordination with APFTI), and the SME Forum.

Skills trainings on nitocraft, conducted in coordination with LGUs, generated almost 118 additional workers/suppliers of nito products.

Silver Handicrafts now has 208 workers (regular and seasonal), representing an increase of 147% over last year's. Monthly production capacity of the enterprise has doubled, from 500 pieces to 1000 pieces.

All these have been translated to an increase in asset size from P2.5 million for 2002 to P4.45 million, just for the period January-May 2003.

Silver Handicrafts is planning to go into on-line marketing, specifically with the U.S. market.

It also intends to participate in the Selling Mission to Canada with the Gifts, Toys and Houseware Association to increase sales performance. (DTI)


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