5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

A new weaving center depends on you

by
June 8, 2025
in Stock
0
A new weaving center depends on you

1 of 3

A SOCIAL enterprise promoting indigenous weaving techniques in modern clothing is seeking help — they hope to raise between P5 million to P10 million, and it all hinges on one night: a benefit fashion show called Weave It to Life on July 27 at The Manila Hotel.

Kandama, a social enterprise once located in Kiangan, Ifugao, has helped local women find employment and preserve local craft (specifically, woven cloth) since its founding in 2016. Unfortunately, they have lost the Julongan Weaving Center which they occupied.

“We’re doing this show largely because of a great challenge that they’ve faced,” said Kandama Chief Executive Officer, Founder, and TOYM (The Outstanding Young Men) awardee Victor Baguilat, Jr. in a speech during a press conference in Intramuros on June 2. “We were just evicted from our weaving center.”

In a later interview during the day, he said that it was because the land and structure they occupied, which they did not own, was going to be turned into a church for the community. “It was a very anxious moment in my life, and in the (lives) of the weavers.”

“A lot of the social impact that we produce revolves around the weaving center,” he added.

“We have to raise P5 million,” he said. “To run the entire program, I think will probably be around P5 million to P10 million, to make it a more sustainable weaving center.” He elaborated that the P5 million would be the baseline to buy a lot and build near the former weaving center. “We really have to have our own property,” he added. Operational expenses, such as equipment and paying the weavers, raise the cost to P10 million.

He says that 100% of Kandama’s proceeds goes to the weaving center. Proceeds from the show will directly support the construction and operational startup of the new Julongan Weaving Center. Its partner for the event, JCI Manila, will take care of the planned center’s architecture, according to Mr. Baguilat. If everything goes well, the center could be up in six months.

The benefit show will feature Kandama’s newest collection, “Executive Outlaws,” which merges urban tailoring with ancestral textile traditions.

How will they raise that kind of money in one night? According to a press release, “the event will gather over 500 high-impact guests, including leaders from fashion, philanthropy, government, and media. Sponsors and supporters will be acknowledged on-site and permanently honored through inscriptions on the weaving center’s walls.”

“That show is also the launch for the crowdfunding campaign that we’re doing with The Spark Project,” said Mr. Baguilat.

In his speech, he said, “The heart of our social enterprise is not the weaving center: it’s really the people, the weavers, and the partners behind it. Whether or not we have a weaving center, we know that we can always find a way to build one.

“We’re beyond the physical infrastructure. The heart of the weaving center is really the spirit.”

Ticket prices for the event range from P5,000 for Bronze to P10,000 for Gold: Heritage Patron. For details and ticket sales, check out https://kandamacollective.com/. — JL Garcia

Previous Post

How digital banks reshape the Philippine financial landscape

Next Post

Treasury bill, bond rates may be mixed as market eyes BSP meet

Next Post
Treasury bill, bond rates may be mixed as market eyes BSP meet

Treasury bill, bond rates may be mixed as market eyes BSP meet

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Company insolvencies fall in England and Wales, but experts warn challenges remain

    Company insolvencies fall in England and Wales, but experts warn challenges remain

    July 18, 2025
    Netflix turns to generative AI for visual effects in original series The Eternauts

    Netflix turns to generative AI for visual effects in original series The Eternauts

    July 18, 2025
    Ocado chief blames Reeves’s Budget for rising food prices as inflation climbs

    Ocado chief blames Reeves’s Budget for rising food prices as inflation climbs

    July 18, 2025
    Building permit approvals inch up in May

    Building permit approvals inch up in May

    July 18, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.