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funding gap emerging markets
Philippines

Pingloy Enterprises

  • NPFC
  • Invest in microfinance
  • + 17 other investors
  • €3,200
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 94 days on 2 January 2014.

      The project

      Pingloy Enterprises was formerly known as Honels Noodle House and has been in the noodle making business since 1990s. It was closed down in 2004 when the area they were occupying was reverted back to government to give way to road dike construction since the business is located near the Marikina River.

      It was her husband, who has the full knowledge of the product and who decided to revive their business operation in 2008 when an assistance granted by DOST SET-UP came. Since then they have been actively manufacturing and marketing the products which include siomai, siopao, fresh mami noodles, dried egg noodles, miswa and the latest they produce is the frozen lasagna flat noodles. They registered their business under new name, "Pingloy Enterprises". Pingloy was named after their twin daughters "Ping" and "Loy".

      The business regained its production and continually supplies its customer into bigger clients like food stalls, they even got the commissary for Goto King, a known food chain in the Philippines. Now, they are helping communities by selling NFA rice that guarantees low price and quality. The couple is also giving jobless mothers extra income by selling curtains which the enterprise just recently invested into.

      They knew NPFC thru a former employee of FEMI (Foundation of Enterprises Management Innovation).

      Company nameNPFC
      CEOEdna Estoperez
      Founded2008-01-01
      LocationMarikina City
      SectorManufacturing / Production
      Turnover€77,188.27
      Employees12

      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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      We have already contributed to Pingloy Enterprises

      Mike Bosman
      + and another
      17
      investors