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funding gap emerging markets
Philippines

Wilma's Puto Making

  • NPFC
  • Invest in microfinance
  • + 6 other investors
  • €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 24 days on 28 February 2014.

      The project

      Wilma Flores, a business woman owner of Wilma’s Puto Making which manufactures Puto (steamed rice cake) and Kutsinta (boiled rice with lye and brown sugar.) In 1972, her father who was fond of eating “kakanin” (delicacies made of rice products ) thought of starting the “kakanin” business through a small loan. And for more than three decades of manufacturing, Wilma now takes over the business with her daughter assisting her.

      Wilma's Puto Making now have eight (8) regular workers and all are staying in her house with free board and lodging. She supplies her products to 35 vendors peddling around Marikina market and Commonwealth in Quezon City. Her business has been generating livelihood for families belonging to marginal Sector of society where most barely finish their secondary education.

      Lendahand partners NPFC are helping Wilma’s Puto Making to get more raw materials to boost up production and support for incoming orders by giving a P100,000.00 working capital loan non-collateral payable in 12 months .

      Company nameNPFC
      CEOWilma Flores
      Founded1972-01-01
      LocationMarikina City
      SectorManufacturing / Production
      Turnover€31,146.37
      Employees8

      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 Wilma's Puto Making

      Ruurd Kamphuis
      Hajé van Egmond
      + and another
      6
      investors