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funding gap emerging markets
Philippines

Erma Shells and Designs

  • NPFC
  • Invest in a Financial Institution
  • + 9 other investors
  • With a loan of EUR 7,800 Nilo will be able to purchase raw materials from newly received customer order.

    €7,800
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,800
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 hours on 11 April 2016.

      Summary

      In 2008 startte Nilo met zijn bedrijf “Erma Shells and Designs Export Inc.”. It is a family owned business headed by Nilo as the Chairman – President of the company. They manufacture jewelry, boxes, mirrors, frames, lamps, baskets, made out of sea shells crafts. To maintain the good relationship from their customers, they make sure to introduce new designs through their creative minds and offer products on a competitive price. Products are for export purposes exclusive for regular clients from Poland, Russia, United Kingdom, Turkey, and others.

      The company started with two customers and ten employees only. As they grow, they were able to hire more staff. At present, they have 75 workers provided with statutory benefit and lodging, aside from weekly compensation. 20 others are hired during peak season. They also have three sub-contractors.

      With the able assistance from NPFC and LendAHand, Nilo Godorness will be able to purchase raw materials from newly received P.O.

      Company nameErma Shells and Designs
      CEONilo Godornes
      Founded2008-01-01
      LocationCebu City
      SectorWholesale / Retail
      Turnover€90,900.23
      Employees75

      Impact

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

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Erma Shells and Designs

      Aad Smits
      + and another
      9
      investors