funding gap emerging markets
Philippines

Lapu-Lapu & Shell Arts

  • NPFC
  • Local partner investment
  • + 15 other investors
  • Myrna creates art objects of sea shelves. With EUR 4,600 she can expand her portfolio.

    €4,600
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,600
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 33 days on 27 May 2014.
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      Summary

      Myrna Bancale had worked in a family business of shell craft business as marketing manager. After getting married, Myrna and her husband started establishing Lapu-Lapu & Magellan Shell Art in 2002. Lapu-Lapu & Magellan Shell Art mainly focused on manufacturing of decorative shell crafts made from a collection of finest various sea shell components that is in demand for households, offices, hotels, and resorts. The products are being exported to Germany, Italy, Spain, USA and Japan.

      For 12 years, Myrna had employed housewives and out of school youths in manufacturing shell handicrafts. Currently, the business employs twenty four (24) fulltime craftsmen consisting of nineteen (19) males and five (5) females.

      When on a need for higher production, she hires additional craftsmen on a piece-wise rate. And when there is a chance to celebrate, Myrna treats her staff on an outing or even a victory party for the projects well done.

      Lendahand partner's NPFC is helping Maribelle in acquiring additional raw materials to boost the production and support incoming orders

      Company nameLapu-Lapu & Shell Arts
      CEOMyrna Bancale
      Founded2002-01-01
      LocationCEBU CITY
      SectorManufacturing / Production
      Turnover€112,057.66
      Employees24

      Impact

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

      • With this investment 2 jobs are created
      • With this investment 8 people are reached

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      We have already contributed for Lapu-Lapu & Shell Arts

      Hajé van Egmond
      Peter Stolze
      + and another
      15
      investors