Chester Garments

With EUR 4,200 Jimmy has sufficient working capital to comply with the increasing number of orders.

funding gap emerging markets
NPFC
Компания
Филипини
Държава

Проектът

Jimmy "Boy" Lumbao is a licensed electrical engineer and a father of 2. Chester Garments is a family owned business, which was Boy’s and his siblings’ legacy when his mother passed away. The company just passed its sixtieth year of producing plain T-shirts in assorted colors. Before joining the company, Boy worked at Wilfer Construction as an engineer. His sister managed the family business until she passed away in 1994. Boy stepped in and took over and has been managing the company for 20 years now.

In the meanwhile the company grew and became well known brand in Divisoria and is predominantly sold in local malls. Chester Garments currently employs 14 workers that receive performance-based wages and free daily meals. The majority of the workers are high schools graduates or housewives. To show his commitment to the local community, Boy regularly donates goods or money to missionaries in the region.

Not quite satisfied yet, Boy aspires for his business to expand and grow in order to gather more orders. Together with our local partner NPFC will Lendahand support Chester Garments by providing a loan that will enable Boy to expand its production capacity to support the additional orders. The loan will be repaid in 12 months.

NPFC

Изп. директор
Jimmy Lumbao
Основан
1954-01-01
Местоположение
Tondo Manila
Сектор
Manufacturing / Production
Оборот
€51,825.03
Служители
14
€4,200повдигнат
Напълно финансиран в 17 дни на 20 ноември 2014.
5инвеститори
Инвестирайте в микрофинансиране
€4,200
цел
3.0
%
Лихви
12
месеци
Зрялост
6
месеци
Погасявания
A
B
C
D
E
Кредитен рейтинг

Въздействие

2
Създадени работни места
8
Подобрени животи