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funding gap emerging markets
Philippines

Medina & Mechel Fish 2

  • NPFC
  • Invest in a Financial Institution
  • + 4 other investors
  • With a loan of EUR 3,800 Mechel will be able to purchase frozen fresh fishes to double her capacity.

    €3,800
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,800
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 hours on 8 January 2016.

      Summary

      2ND LOAN

      Mechel Cruz of Baliuag Bulacan inherited her parent’s business in 2004. The business is engaged in distribution and retailing of different fresh frozen fish like Galunggong (Round scad), Matang-baka (Big eyed scad fish), Tulingan (Tuna), Tahong (Mussel), and other fishes that she purchases daily in Navotas port in Manila, a fish porter. It was named “Medina and Mechel Fish Vendor and Dealer”. In 11 years of handling the business, she was able to have four outlets in Baliuag Public Market in Bulacan, where fishes are retailed. She also distributes some to other fish vendor in Public Markets in Bulacan. 

      With her first loan to NPFC, she has expanded her market in Pampanga Public Markets and added Bangus (Milk Fish) and Pink Salmon in her fish products. Mechel has been separated to her spouse for eight years. She resides with her mother in Bulacan together with her two children. She maintains a total of 22 workers. Salary rate of workers depend to the task and it is given either daily or weekly. As a benefit to her workers, she provides them free whole day meal, accommodation, and medical assistance during emergency cases. Aside from her regular employees, she has four rollers that sells fish using motorcycle with side car. Her parents being christians, built their own church, where during calamity, they prepare relief goods for those who were affected. 

      Loan proceed will be use to purchase frozen fresh fishes to double her capacity to be able to saturate Baliuag and other town’s public market. This will be provided by LendAHand’s partner NPFC.

      Company nameMedina & Mechel Fish 2
      CEOMechel Cruz
      Founded2004-01-01
      LocationBaliuag Bulacan
      SectorWholesale / Retail
      Turnover€43,428.80
      Employees22

      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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      We have already contributed to Medina & Mechel Fish 2

      Hans Bierhuis
      + and another
      4
      investors