funding gap emerging markets
Philippines

Dermalink-Magad Soap

  • NPFC
  • Local partner investment
  • + 11 other investors
  • With a loan of EUR 7,800 Marvin will be able to increase sales of his soap factory to wholesale partners.

    €7,800
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,800
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 18 December 2015.
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      Summary

      Marvin Dizon, a Licensed Engineer by profession, established a soap manufacturing business in 2004. The knowledge and idea in creating soap was conceptualized by his wife Aileen and starting capital comes from his savings as a Licensed Mechanical Engineer in Australia for five years. Manufacturing area is located in Antipolo City in Rizal province. 

      Thus, provides job for 29 individuals who are presently employed (18 female, 11 male), that receives accommodation, benefits, and regular compensation. Soaps they manufacture are herbal, such as papaya, carrots, and moringa. Making their product attractive to customers. Marvin was also able to supply his herbal soaps to big companies based in Manila, Philippines. 

      For the long term of his business, Marvin dreams to tap other big companies including malls to further expand his market. NPFC and LendAhand will provide working capital loan to purchase additional raw materials for soap making.

      Company nameDermalink-Magad Soap
      CEOMarvin Dizon
      Founded2004-01-01
      LocationTaytay, Rizal
      SectorManufacturing / Production
      Turnover€168,744.76
      Employees29

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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