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funding gap emerging markets
Philippines

Jello Woodworks

  • NPFC
  • Invest in a Financial Institution
  • + 1 other investors
  • €3,000
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,000
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 43 days on 24 January 2014.

      Summary

      Liwanag Serrato is the owner of Jello Sash and Woodworks. The 44 year old mother of one son operates a wood crafting shop. 

      Known as Weny to her friends, Liwanag was influenced by her fiance to start the business eight (8) years ago. She used to help her sister on the same business but with her son growing up, she needs a more steady income. With a loan from a friend and her fiancee having the know-how of wood working, she started the business named after her son.

      All the wood that the business crafts are with Department of Eviroment and Natural Resources (DENR) permits. Currently the business employs 6 wood crafters. Most of her employees are high school graduates and were taught on the skills of wood crafting.

      NPFC granted a loan amounting to P200,000, payable in 6 mos to be used as additional working capital to buy materials.

      Company nameJello Woodworks
      CEOLiwanag Serrato
      Founded2005-01-01
      LocationMarikina City
      SectorManufacturing / Production
      Turnover€42,610.55
      Employees6

      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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