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funding gap emerging markets
Philippines

Sam-Ann RTW

  • NPFC
  • Invest in a Financial Institution
  • + 3 other investors
  • With EUR 1,800 Samual is able to invest in a new type of Korean textile and to preprare for Christmas.

    €1,800
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,800
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 hours on 5 November 2015.

      Summary

      Samuel Montuerto and his wife used to work in a garment company. They live in Taytay, Rizal which is known as textile industry in the Philippines. With the acquired skills and knowledge from their working experiences, they opened a business named “Sam-Ann RTW” in 2009. Their business is into manufacturing V-Neck shirts for men and women which are being distributed to their eight (8) regular clients that are engaged in wholesale/retail in Taytay Public Market. His business has also became an affiliate of Manila East Garment Association.

      They only used 2 old sewing machines when they first started in 2009, the business grew steadily. Now the operate 12 sewing machines with 11 workers. All their workers are provided with daily meals, a place to sleep/live, and a decent salary.

      NPFC together with Lendahand will grant a loan intended for additional working capital to meet the high demand in the market for the Christmas season and to purchase Korean textile to be used for the production of new clothes.

      Company nameSam-Ann RTW
      CEOSamuel Montuerto
      Founded2009-01-01
      LocationTaytay, Rizal
      SectorManufacturing / Production
      Turnover€69,794.49
      Employees11

      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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