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funding gap emerging markets
Philippines

Tres Marias

  • NPFC
  • Invest in microfinance
  • + 16 other investors
  • Lydia manufactures furniture and with a loan of EUR 7,600 she will be able to hire 3 additional employees.

    €7,600
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,600
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 days on 18 July 2014.

      The project

      Lydia Paderanga is a fifty one (51) year old mother of seven (7) children who lost her husband when she was twenty seven (27) years old. She had a hard time searching for the daily needs of her family and how she will be able to sustain it, and that was the reason why she worked hard. Lydia became a copra buyer (a dried meat, or kernel, of the coconut used to extract coconut oil), engaged in a buy-and-sell business, dishwasher and etc. When she earned enough money they left their province and took chances in Manila. She started a business with minimal capital and little by little she earned from it and that took her chances to start entering another market. Lydia had three (3) daughters that’s why she came up with Tres Maria’s as her business name. On the first couple of years of her venture, Lydia was into hardware business and then shifted into furniture where she saw a great potential of success. Through her hard work, she was able to send all her children in college and her two children on his second husband are now in their high school. Her kids are helping the business in some ways but Lydia is very hands on in running the business. Tres Maria’s Hardware had two (2) branches, one is in Novaliches and the other one is in Valenzuela. In Novaliches, there are twenty five (25) employees, while Valenzuela had twenty one (21) employees with fair compensation and benefits. Lend a Hand partner’s NPFC is helping Lydia Paderanga acquire additional capital to boost the production and support for the incoming orders.
      Company nameNPFC
      CEOLydia Paderanga
      Founded1996-01-01
      LocationCaloocan
      SectorWholesale / Retail
      Turnover€83,183.14
      Employees46

      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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      We have already contributed to Tres Marias

      Jan de Wit
      Dieske Kruisselbrink
      Gert Mosterd
      + and another
      16
      investors