IKCN Purified Water

With a loan of EUR 5,800 Chiqui Pua can purchase new gallons to continuously supply and cater clients.

funding gap emerging markets
NPFC
Company
Philippines
Country

The project

Chiqui Pua of Muntinlupa City, is married and a father of two children. He owns “IKCN Purified Water Station”, and manages its operation while his wife assists him with the financial aspect of the business. Its operation started in 2012, and is engaged in water processing and further purify it to provide a clean and healthy water to its customers. Its three years of operation allows him to tap multiple customers like residential areas, offices, schools, and nearby establishments within their area. 

At present, Chiqui is assisted by his five, all male school drop-outs worker that delivers water gallon to their customers. He provides them free daily meal, aside from regular compensation. Loan proceed will be used by Chiqui Pua to purchase new gallons for him to continuously supply and cater clients.

Lendahand will provide a loan to Chiqui together with local partner NPFC. The loan has to be repaid in 12 months. 

NPFC

CEO
Chiqui Pua
Founded
2012-01-01
Location
Muntinlupa City
Sector
Services
Turnover
€38,040.34
Employees
5
€5,800raised
Fully funded in 11 hours on 2 February 2016.
9investors
Invest in microfinance
€5,800
target
3.0
%
Interest
12
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved