funding gap emerging markets
Philippines

D&E Shipbreaker

  • NPFC
  • Local partner investment
  • + 15 other investors
  • With a loan of EUR 5,600 Artemio can finance the transportation of scrap materials to his buyers.

    €5,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 31 October 2015.
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      Summary

      Artemio Dela Cruz was born in Negros Oriental. At present, he resides in Lilo-an Cebu City together with his only child. He graduated B.S Marine Technology in one of the respective Universities in Cebu. In relation to his course, he used to work as a ship crew for six years. But then, he decided to start a business in 1999, naming it “D and E Shipbreaker and Scrap buyer”. It is engaged in sea base projects and activities. Artemio owns a passenger ship, and he buys ship that are for dismantling from different shipping companies. In connection with scrap projects, he purchases ships from local shipyards. Recently, he bought two ships which will take him two years to rip apart. Ship scraps, that are recyclable will be sold to his six regular scrap buyers. 

      With this project, he will be providing continuous employment for his 39 existing regular workers and 10 part-time workers. All his worker receives their salary on a weekly basis together with free meals, board, and lodging. His loan proceed will be used for the delivery of scrap materials to his buyers and for the reconditioning of his passenger ship. 

      NPFC and Lendahand will provide a working capital loan to Artemio to be repaid in 12 months.

      Company nameD&E Shipbreaker
      CEOArtemio Dela Cruz
      Founded1999-01-01
      LocationCebu City
      SectorWholesale / Retail
      Turnover€115,685.92
      Employees39

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed for D&E Shipbreaker

      Peter Beers
      Martijn Mulder
      + and another
      15
      investors