Efson Air Conditioning
With EUR 6,000 Edwin is able to buy more materials which allows him to boost the production of refrigerators.
€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
Efson Air Conditioning Services is managed by Edwin Flores Jr. who inherited the company in 2001 from his parents. He graduated Fine Arts and Advertising, but decided to help his father with the family business. He therefore decided to become certified in manufacturing airconditioning and refrigerators.
Currently, the company employs a total of 12 skilled workers. They all receive minimum wage, statutory benefits, meals, and lodging. Also, there are three on-call workers, depending on the workload.
The loan will be used to acquire additional raw materials so Edwin is able to boost the production of refrigerators. Lendahand will provide a loan together with local partner NPFC which will be repaid in 18 months.
Company name | NPFC |
CEO | Edwin Jr. Flores |
Founded | 2001-01-01 |
Location | Cebu City |
Sector | Services |
Turnover | €21,463.81 |
Employees | 12 |
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