funding gap emerging markets
Philippines

Garcia E-trike Transport

  • NPFC
  • Local partner investment
  • + 6 other investors
  • Victoria is about to acquire an e-trike from Gerweiss Motors, Corp. with a loan of EUR 4,800 she can do so.

    €4,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 9 hours on 31 December 2015.
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      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      Victoria Garcia is a native of Boracay Island, Malay Aklan together with her spouse David Sr. She is a tricycle operator – a gasoline powered for 20 years, which increases the air and noise pollution. The local government unit (LGU) of Boracay, wanted to lessen it, that is why they build a partnership with Gerweiss Motors, Corp. a manufacturer of electrical tricycle or e-trike. E-trikes has bigger capacity and attractive designs that attracts more tourist, especially foreigners.

      In cooperation with the LGU, Victoria will purchase an e-trike, and will name it “Garcia E-trike Public Transport”. At present, she has existing one driver, an out-of-school youth which she gives a percentage from the daily income. Aside from tricycle, she also has other source of income like boarding house and apartment available for lease. 

      Victoria is about to acquire an e-trike from Gerweiss Motors, Corp. with the help of NPFC and LendAHand.

      Company nameGarcia E-trike Transport
      CEOVictoria Garcia
      Founded1995-01-01
      LocationBoracay Aklan
      SectorServices
      Turnover€21,623.22
      Employees1

      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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      We have already contributed for Garcia E-trike Transport

      Marion van Wingerden
      Jan de Wit
      + and another
      6
      investors