funding gap emerging markets
Philippines

Jojo?s Cashew Nuts

  • NPFC
  • Local partner investment
  • + 18 other investors
  • With EUR 9,400 Jojo is able to meet the rising demand for his cashewnuts during high season.

    €9,400
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,400
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 hours on 21 May 2016.
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      Summary

      Elpidio Mallanao also known as ‘Jojo’, resides at Antipolo City, Rizal. Since he was raised by his parents in cashew nut business, he pursued handling the same business in 2001 and named it “Jojo’s Cashew Nuts and General Merchandise”. Raw cashew nuts are bought in Palawan and some are from Vietnam, where he further process (cutting, drying, packing, etc.) and distributes to co-sellers in Pasalubong Center of Antipolo City. 

      His regular workers are four individuals and a few parttimers, mostly housewives that work at home and does cutting, drying, and other processing of cashew nuts. Jojo’s salary for the workers are per wholesale or depending upon the number of cashew nuts processed and packed.

      Jojo contributes in the promotion of Antipolo City culture and festivities. Due to peak season, high demand arises in which he needs additional working capital loan to purchase raw cashew nuts from suppliers. Must be repaid in 12 months. 

      Company nameJojo?s Cashew Nuts
      CEOElpidio Mallanao
      Founded2001-01-01
      LocationAntipolo, City
      SectorWholesale / Retail
      Turnover€148,353.51
      Employees4

      Impact

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

      • With this investment 2 jobs are created
      • With this investment 8 people are reached

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