Globalcrafts Int. 3
With EUR 7,000 Normita is able to attract additional working capital in order to export more products.
€7,000
3.00%
6 months
6 months
EUR
CurrencyAmount | €7,000 |
Interest | 3.00% |
Maturity | 6 months |
Repayments | 6 months |
Currency | EUR |
The project
THIRD LOAN
Normita Lastimosa is engaged in handicrafts business since 1998. Products are made out of walis tingting (coconut leaf ribs), buri (kind of palm), abaca (Manila hemp) which are all abundant in the Philippines, and all were exported in United States.
A naturally born filipina but a U.S resident for several years, sees the positive response of the market for different handicraft items, Normita had the idea to start her own.
Globalcrafts International Corporation is based in San Pedro, Laguna and has been existing for 17 years now. She employs five male and five female, a total of ten regular workers.
Lendahand and local partner NPFC will be providing additional working capital loan to Normita to meet the demand of her buyers.
Company name | NPFC |
CEO | Normita Lastimosa |
Founded | 1998-01-01 |
Location | San Pedro Laguna |
Sector | Manufacturing / Production |
Turnover | €288,971.02 |
Employees | 10 |
Impact
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- With this investment 1 job is created
- With this investment 4 lives are improved