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funding gap emerging markets
Philippines

Lirus Footwear Industry

  • NPFC
  • Invest in a Financial Institution
  • + 4 other investors
  • €3,400
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,400
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 113 days on 31 October 2013.

      Summary

      Gregorio S. Sanchez is a 59 year old native of the shoe producing town of Carcar, Cebu. He started producing quality footwear made out of abacca fiber, 11 years ago. Initially he had his wife and children helping him in the production and marketing. And they started selling shoes in the Visayas Region of the Philippines. Through hard work and dedication, all his children were able to graduate from College and they are now all professionals.

      Gregorio now serves Metro Manila and some parts in Mindanao, shipping out abacca footwear on a regular basis and production being sustained with the help of 9 regular employees. Lendahand's partner NPFC is supporting the expansion of Mr.Sanchez' company by providing him a loan. The funds will be used to augment the expansion of their operations, especially in Butuan City, Bukidnon, Malaybalay, Valencia and Cotabato (all located in Mindanao).

      Company nameLirus Footwear Industry
      CEOGregorio Sanchez
      Founded2002-01-01
      LocationCarcar, Cebu
      SectorManufacturing / Production
      Turnover€42,432.81
      Employees9

      Impact

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

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

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      Marion van Wingerden
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