funding gap emerging markets
Philippines

Ritazo Tingub 2

  • NPFC
  • Local partner investment
  • + 6 other investors
  • With a loan of EUR 2,800 Mirope has a working capital loan to purchase raw materials needed.

    €2,800
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,800
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 23 December 2015.
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      Average investment
      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      2ND LOAN

      “Ritazo Tingub Womens Worker Association” is a women association from the barangay of Tingub at Mandaue City, Cebu, managed by Mirope Aballe, the Association’s President. They are manufacturing bags and coin purse made-out of waste rags and textile. Workers are all women that comes from the group of homeless poor families who were relocated in Mandaue City. Ritazo Tingub Womens Worker Association is a livelihood program supported by different foundations, local government units (LGU), Justice Peace and Integrity of Creation (JPIC), and Department of Science and Technology (DOST), all based in Cebu which provided trainings and donated sewing machines. It is found to be productive since it began in 2004. 

      The Association has regular clients that purchases bulk order of their bags and coin purse distributed in Malls in Cebu City and nearby provinces. Consistently receives order for new or walk-in inquiries and clients and participates in fiestas and trade fairs, which increases their income.These 17 women presently employed, receives minimum wage. For those that does field selling, they receive commission from their sales. 

      To commit with the new order received from a university, the association needs a working capital loan to purchase raw materials needed. To be provided by NPFC and Lendahand.

      Company nameRitazo Tingub 2
      CEOMirope Aballe
      Founded2004-01-01
      LocationCebu City
      SectorManufacturing / Production
      Turnover€70,422.53
      Employees17

      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 people are reached

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      We have already contributed for Ritazo Tingub 2

      Dirk Rentmeester
      Aad Smits
      + and another
      6
      investors