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funding gap emerging markets
Philippines

Villaflores RTW Shop 2

  • NPFC
  • Invest in a Financial Institution
  • + 4 other investors
  • With a loan of EUR 9,400 Adellia is able to take final steps in opening a 2nd branch for her clothing factory.

    €9,400
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,400
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 hours on 31 March 2016.

      Summary

      2nd LOAN

      From a factory worker into a business owner, Adellia Dela Paz established her business selling clothing in 2006. The entrepreneur started with one second-hand sewing machine, but as the number of clients grew, so did the number of sewing machines.

      From her first loan with NPFC, she was able to hire 3 additional workers, making a total of 16 workers. Among the employees are out of school youth, housewives and 1 senior citizen. They are provided with bonuses, daily meals, and holiday pay. Additional sewers and cutters are hired depending upon the project size. She was also able to purchase additional Korean textile and materials that she used in order to fullfill the growing number of orders. Since the previous loan, the company's turnover is 4 times larger than before. 

      Together with local partner NPFC Lendahand will assist Adellia Dela Paz in acquiring additional working capital for business expansion and a possible branch out. To be repaid in 12 months. 

      Company nameVillaflores RTW Shop 2
      CEOAdellia Dela Paz
      Founded2006-01-01
      LocationTaytay, Rizal
      SectorManufacturing / Production
      Turnover€125,917.88
      Employees16

      Impact

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

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

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