funding gap emerging markets
Philippines

Freddie's Garments

  • NPFC
  • Local partner investment
  • + 5 other investors
  • Salidem would like to purchase better materials to make higher quality clothing. Therefore she needs EUR 1,600.

    €1,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 6 December 2014.
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      Summary

      Ms. Erezuela was formerly quality control personnel of First Cavite Industrial Economic Zone (FCIEZ). He/She met his/her husband/wife in the same company and they both resigned after 16 years of employment to put up their own rag making/garments business. Their business has been operational for 14 years, starting with 1 sewing machine which they were able to buy from their savings. They made rags from pieces of textiles and, as their business progressed, they also started making school and office uniforms. They eventually hired their neighbors (as sub-contractors) to accommodate the increasing orders. At present, they employ 8 workers who enjoy free meals and other financial incentives (bonuses). They were referred by an existing NPFC client. They will use their loan as additional working capital – specifically, to purchase raw materials which will help boost their sales.

      Company nameFreddie's Garments
      CEOSalidem Erezuela
      Founded2009-01-01
      LocationCavite
      SectorManufacturing / Production
      Turnover€19,845.93
      Employees8

      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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