Hervyne and Lester?s
With EUR 6,000 Grace is able to expand the production capacity of her business that manufactures clothing.
€6,000
3.00%
18 months
6 months
EUR
CurrencyAmount | €6,000 |
Interest | 3.00% |
Maturity | 18 months |
Repayments | 6 months |
Currency | EUR |
The project
Grace Diosemito has inherited the family business that produces clothing. But she had three years of experience for a different employer in the same industry. The operations started in 2008 and experienced continuous growth for the past seven years. Her previous employer entrusted her company to be one of the main sub-contractor which helps her grow the business.
The business started with just one sewing machine which has grown into more than 30 machines. Grace and her 29 out-of-school-youth workers sews ready-to-wear clothes and delivers to regular clients. 13 out of them receive free lodging as well.
Lendahand together with local partner NPFC, will provide a loan to Grace in order for the entrepreneur to purchase bundles of fabric and accessories which she will needs to increase the production capacity. The loan will be repaid in 18 months.
Company name | NPFC |
CEO | Grace Diosemito |
Founded | 2008-01-01 |
Location | Bocaue Bulacan |
Sector | Manufacturing / Production |
Turnover | €50,493.19 |
Employees | 29 |
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